Summary
This position is located in the Pension Benefit Guaranty Corporation's (PBGC), Office of Negotiations and Restructuring (ONR), Standard Termination Compliance Division (STCD). More than one selection may be made from this vacancy announcement.
Duties
The candidate selected for this position will: Serve as the senior technical reviewer and subject-matter expert for the Compliance and Audits Branch. Review and approve complex standard termination statistical, compliance, and premature distribution audits; evaluate audit reports, workpapers, determination letters, and enforcement actions; and ensure audit conclusions are accurate, fully supported, and consistent with applicable auditing standards, ERISA, the Internal Revenue Code, PBGC regulations, and plan provisions. Provide authoritative technical advice, guidance, training, and assistance on large, complex, and/or critical standard termination audits. Advise and mentor auditors on plan document analysis, benefit formula interpretation, participant benefit calculations and valuations, sampling methodologies, and complex plan features; and provide technical support to management, counsel, and other PBGC professionals on audit determinations and benefit calculation issues. Communicate complex audit findings, technical positions, and corrective-action requirements to staff auditors, managers, plan administrators, plan sponsors, actuaries, attorneys, and other stakeholders. Present and defend audit determinations, deliver briefings and training, and use persuasion and negotiation to resolve disputed technical issues. Analyze changes in laws, regulations, policies, and audit requirements and determine their impact on the standard termination audit program. Develop and update audit procedures, manuals, training materials, review standards, and written technical guidance; prepare and review audit determination letters and reports; and formulate authoritative written recommendations on complex and unprecedented issues.
Education
In order to qualify for this position, you must possess the following education: Degree: accounting, auditing; or a degree including auditing courses in a related field such as business administration, finance, or public administration that included or was supplemented by 24 semester hours in accounting. The 24 hours may include up to 6 hours of credit in business law. OR Combination of education and experience: at least 4 years of experience in accounting, or an equivalent combination of accounting experience, college-level education, and training that provided professional accounting knowledge. The applicant's background must also include one of the following: Twenty-four semester hours in accounting or auditing courses of appropriate type and quality. This can include up to 6 hours of business law; A certificate as Certified Public Accountant or a Certified Internal Auditor, obtained through written examination; or Completion of the requirements for a degree that included substantial course work in accounting or auditing, e.g., 15 semester hours, but that does not fully satisfy the 24-semester-hour requirement of paragraph A, provided that (a) the applicant has successfully worked at the full-performance level in accounting, auditing, or a related field, e.g., valuation engineering or financial institution examining; (b) a panel of at least two higher level professional accountants or auditors has determined that the applicant has demonstrated a good knowledge of accounting and of related and underlying fields that equals in breadth, depth, currency, and level of advancement that which is normally associated with successful completion of the 4-year course of study described in paragraph A; and (c) except for literal nonconformance to the requirement of 24 semester hours in accounting, the applicant's education, training, and experience fully meet the specified requirements.
How you will be evaluated
Referral: You will be assigned to one of three quality groups. Each group represents a quality level (i.e., Best Qualified, Qualified, Minimally Qualified). Candidates will be considered in quality group order. If you are among the top qualified candidates, your application may be referred to a selecting official for consideration. You may be required to participate in a selection interview (telephonic and/or in person at the discretion of the Selecting Official in accordance with hiring policies). If your resume does not support the answers you gave on the assessment questionnaire, you may be rated Not Qualified or you may be placed in a lower quality group.Your name will be placed in one of the three following quality groups:-Best-Qualified - highly proficient regarding the knowledge, skills and abilities (KSAs) related to this position.-Qualified - competent regarding the knowledge, skills and abilities (KSAs) related to this position.-Minimally Qualified- possessing only the minimum qualifications required for this position.Your qualifications will be evaluated on the following knowledge, skills, and abilities (KSAs): 1. knowledge of auditing and accounting principles, Government Auditing Standards, Title IV of Employee Retirement Income Security Act (ERISA), pension-related provisions of the Internal Revenue Code, and PBGC regulations 2. skill in planning, organizing, and overseeing complex audit work and in providing authoritative technical guidance, training, mentoring, and consultation to auditors 3. skill in oral communication 4. skill in writing communication Candidates who apply under Competitive Merit Promotion procedures will undergo a quality review to determine if they are best qualified based on the content of their resume and their responses to the assessment questionnaire. Best qualified will be referred if all required supporting documentation has been provided. Candidates who apply under Noncompetitive procedures will undergo a quality review to determine if they are minimally qualified based on the content of their resume, supporting documentation submitted and their responses to the assessment questionnaire. Your rating may be lowered if your responses to the online questions are not supported by the education and/or experience described in your application.