• Accounting Analyst/Associate

    Job Location(s) US-DC
    Posted Date 1 month ago(12/18/2018 9:38 AM)
    Job ID
    2018-1332
    # of Openings
    1
    Category
    Accounting/Finance
  • Overview

    Contractor support for the Financial Reporting and Analysis Division (CG-842), the Personal Property Accountability Division (CG-844), and the Audit Remediation Division (CG-845). We provide complete capital acquisition lifecycle support from initiation through capitalization and recording of assets in USCG financial systems. This includes the establishment of CIP projects, review of CIP related transactions, preparation and review of Generally Accepted Accounting Principles (GAAP) compliant Construction in Progress (CIP) packages with all supporting documentation to properly capitalize assets as they are delivered in accordance with existing Coast Guard policies and procedures. We gather documents, research valuation and date in service, calculate labor rates, prepare and track CIP packages, document and test internal controls, prepare and provide CIP related training, support audit remediation activities and aid in the CIP accrual.

    Responsibilities

    • Perform monthly Periodic Reviews for Construction-In-Progress (CIP) Labor Projects
    • Ensures all Real and Personal Property assets meet Capitalization thresholds based on the orientation of all project costs
    • Responsible for the completion of CIP Capitalization Packages for all Real and Personal Property Assets with a focus in Vessel Personal Property CIP Projects
    • Responsible for the weekly and monthly Status Reports that monitor submissions of project monthly reviews, delivery dates for assets and Capitalization Packages that are to be due based on asset delivery dates
    • Responsible for monitoring past due monthly Periodic reviews for the required CIP Projects and contacting the Business Financial Managers to complete the review
    • Responsible for aiding with the EOY On-Top Adjustment CIP accrual spreadsheet and supporting documentation
    • Responsible for updating CIP Desk guides and SOPs to reflect changes to current processes
    • Accountable for the proper and timely use of the Real Property and Personal Property SharePoint websites that were established for a more consistent process in reviewing and approving all Capitalization Packages for CIP Projects
    • Serves as a liaison between the Business Financial Managers (BFMs) and PP&E Audit Remediation CG-845 regarding necessary financial information for Capitalization Packages and Dates in Service for expected deliveries of assets for Real and Personal Property
    • Ensures that all CIP related Policies and Procedures are followed
    • Responsible for the quarterly asset submission analysis that monitors the percentage of assets submitted on time or late for the CAP package process. It entails date in service and status changes
    • Correct SharePoint website reports for inaccuracies
    • Responsible for the monthly Oracle Fixed Assets reconciliation that verifies asset, expense and labor costs from CAP packages reconciled to costs in Oracle Fixed Assets and Core Accounting System and report discrepancies.
    • Responsible for the monthly CAP/Non-CAP analysis that generates a percentage of CAP vs NON-CAP by the number of assets by property, funding and asset types
    • Responsible for the monthly labor pool balance that track each fiscal year's labor amount, and update the labor rate for each fiscal year.
    • Provides recommendations regarding AFC-3X, AFC-42 obligations on whether they should be included in CIP or capitalized based on the nature of the procurement documentation  

     

    Qualifications

    To be fully qualified, a senior associate must have a bachelor's degree in accounting or a bachelor's degree with an active Certified Public Accountant (CPA) certification, and 2.5 years of relevant government work experience. In addition, a senior associate must have experience auditing federal agencies financial statements, or performing audit readiness work in the Department of Homeland Security as a government employee or contractor directly in support of an audit readiness task order. Certified Government Financial Manager (CGFM) certification may be substituted for the CPA requirement.

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