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Federal Student Aid an Office of the U.S. Department of Education · 1 day ago

Financial Analyst- GS-1160-12/13 FPL 13 (DE)

Washington, DC

Full-time

Onsite

Mid, Senior Level

1+ years exp

Federal Student Aid, an Office of the U.S. Department of Education, is seeking a Financial Analyst to join their team. The role involves reviewing and evaluating financial statements of institutions of higher education for compliance with federal regulations and determining eligibility for financial assistance programs.

AssociationEducationFinancial ServicesGovernmentNon Profit

No H1B

U.S. Citizen Only

Responsibilities

Applying knowledge of the legislation and regulations governing the Federal Student Aid programs administered by the Department of Education in the review and evaluation of Title IV eligible institutions of higher education

Planning, implementing, and reviewing eligible institutions participating in the various student financial assistance programs for financial responsibility and recommends the certification of institutions for initial or continued participation

Analyzing complex accrual and fund accounting financial statements submitted by the institution, and possibly the institution’s parent and affiliates, to determine the eligibility of new institutions, continued participation of institutions previously approved with or without surety, expansion of previously participating institutions, or termination of participating institutions

Initiating correspondence explaining financial standards policies and procedures, requesting additional information when submitted material is not sufficient, or requesting clarification of submitted material

Reviewing and making eligibility and certification determination on postsecondary education institutions based on the standards of financial responsibility as outlined in federal regulations cited at 34 C.F.R. 668.13 and 668 subpart L

Analyzing extremely extensive and complex accrual and fund accounting financial statements submitted by institutions to determine if the financial condition is sufficiently stable for Title IV participation of newly eligible institutions

Planning and coordinating procedures when resolving unique problem cases involving different interpretations of regulations covering financial responsibility and surety requirements and conveys these interpretations and practices to other FSA and/or SEOSB staff

Preparing correspondence explaining financial responsibility requirements, policies and procedures; requesting and justifying surety when applicable

Qualification

Financial analysisAccrual accountingFinancial stability assessmentCorporate financeFederal regulations knowledgeTechnical expertiseProblem-solvingEffective communication

Required

Must be a US Citizen

Males 18 and over must be registered with the Selective Service

Relocation will not be paid

You may be subject to serve a one-year probationary period

Background investigation is required

One year of experience in either federal or non-federal service that is equivalent to at least a GS-11 performing two (2) out of three (3) of the following duties or work assignments: Experience that demonstrates proficiency in corporate finance and/or other specialized fields such as banking, money management, and/or the securities market

Experience that demonstrates proficiency in analyzing, auditing and/or providing oversight of audited financial statement data to determine financial stability or experience preparing accrual financial statements

Experience that demonstrates knowledge of financial/accounting principles, theories, concepts, and practices applicable to financial analysis

One year of experience in either federal or non-federal service that is equivalent to at least a GS-12 performing two (2) out of three (3) of the following duties or work assignments: Experience with complex accrual and fund accounting statements, and skill in fact-finding, problem-solving, writing and consulting, identifying complex financial irregularities and recommending solutions to meet financial standards requirements

Experience analyzing, auditing and/or providing oversight of audited financial statement data to determine financial stability and/or risk mitigation

Experience that demonstrates skill in applying the financial responsibility standards governing the Federal Student Aid programs administered by the Department of Education (ED) to conduct a thorough and accurate analytical review of participating institutions' financial condition

Knowledge of the Higher Education Act of 1965 as amended (Title IV) and 34 CFR Part 688 relating to the financial standards for institutions which participate in the student financial assistance programs

Knowledge of financial analysis, financial principles, and concepts governing the Federal Student Aid programs administered by the Department of Education (ED)

Skill and ability to work with accrual and fund accounting statements to identify financial irregularities associated with applicable financial standards

Skill to communicate logically, effectively, and efficiently for preparing and presenting reports and providing technical expertise

Knowledge of the legislation/regulations governing the student financial assistance programs/financial responsibility and professional skills and ability to apply this knowledge in resolving complex technical policy matters for which there is no written precedent

Knowledge of financial principles, theories, concepts, and practices applicable to financial analysis in determining financial stability

Knowledge of procedures for conducting financial reviews of complex corporate entities, postsecondary and proprietary institutions

Ability and skill to communicate effectively and efficiently verbally and written when developing recommendations, writing, presenting written agreements and policy guidance, explaining/defending status of projects, making presentations in public forums, briefing recommendations and program concepts