FM Talent Source, LLC
Forensic Accountant III (01) (Finance)
Education Level: Bachelors Degree
Salary Range: Undisclosed
Job Category: Finance
Description
SCOPE:
Work independently and when required with staff to ensure that all accounts reconcile with transactions in the following financial systems: the general ledger; and the payment systems ASAP. Responsible for reconciling the budgetary information in the systems listed previously. Provide ad hoc financial reports and analysis to Management and program staff. Troubleshoot problems pertaining to the day to day accounting and budgetary operations functions. Develop and provide recommendations to leadership on ways to effectively manage obligations and/or payments processing for federal assistance awards and for any budgetary transactions involving Treasury.
Acts to resolve any prior problems with budget and financial data at the treasury symbol level by collaborating with Budget staffs to clear up any outstanding reconciliation issues and recommends changes to the processes that caused the issues.
Works effectively with the Budget Office staffs to understand the prior year financial issues and to provide recommendations on the appropriate course of action required to resolves these issues. Coordinates with the Budget staff to address any problems reconciling obligations, disbursements, and reimbursable activity in all accounts against the internal records generated by the various financial systems that support financial operations. These financial systems include the legacy grants manager CREEMS, the payment systems DHHS-PMS, ASAP and both the retired general ledger Foundation Financial Information System (FFIS) and the current general ledger Financial Management Modernization Initiative (FMMI). Reconciliation will be completed at the budgetary and proprietary accounting levels and will include an analysis of operational processes.
Compiles and analyzes existing data from the sources described previously and based on this analysis the vendor will prepare financial management reports depending on the task for NIFA staff including monthly, annual, and ad hoc reports for senior management, the program staffs, and other administrative units within OGFM. Some of these financial reports will be used in the submission of the Agencys explanatory notes submitted to Congress.
Communicates their findings in the form of reports, exhibits and document collections.
Researches relevant issues and troubleshoots problems pertaining to daily accounting operations and resolves the discrepancies in the monthly obligations and disbursement reports.
Participates in meetings, conferences, presentations, and other forums that are pertinent to the goals set by NIFAs financial management operations, policies and practices.
TASKS:
Conducts forensic analysis of existing financial data and the individual transactions for both Program and Administrative Funds
Reconciles beginning and ending of FFIS and all Treasury Account Symbol (TAS)
Analyzes and interprets the data produced by their research and summarizes the complex information into a format that can be reviewed and understood by different audiences.
Interviews the subject matter experts and conducts background research into systems and their underlying data to help to identify the most relevant data to be used in their analysis.
Prepares forensic accounting reports from their financial findings
Reviews and investigates financial evidence
Presents conclusions through reports, document collections, and exhibits
Prepares analytical data for litigation and testifies as needed
Assists with the appropriations including federal administration funds and validates the appropriated amounts.
Reconciles the Control Table against CREEMS and both FFIS and FMMI for federal administration funds including the peer panel costs for those fiscal years identified by the budget staff.
Assists the Budget Office in determining the admin amounts for the Endowment Interest
Creates budget reports for budgetary reporting (program and/or admin funds).
Qualifications