Job Overview

Summary

About the Agency

This position is located in the Federal Trade Commission, Office of the Executive Director, Financial Management Office. The Financial Management Office (FMO) is responsible for managing the following major functions on an agency-wide basis: all aspects of budget formulation and execution; all accounting and financial reporting activities; implementing and maintaining financial management systems and related components; establishing and maintaining financial policies; performing evaluations of the effectiveness and efficiency of business processes and management controls; overseeing internal control activities which implement requirements specified in authoritative guidance (FMFIA and OMB Circulars); all aspects of FTC's procurement and contracting activities for acquiring goods and services in support program activities; overseeing performance reporting in support of GPRA and related guidance; and serving as audit liaison to facilitate resolution of IG identified findings and related recommendations. The FMO also manages the travel program and travel system for the agency. In addition, the CFO serves as the agency's Performance Improvement Officer and performs duties required by Executive Order and related activities in accordance with OMB guidance, and serves as FTC's representative on Office of Management and Budget (OMB)'s Performance Improvement Council.

Duties

The Chief Financial Officer (CFO) serves as the Director of the FMO and as the principle financial advisor to the Chairman, Executive Director and other high level Commission officials. S/he is also responsible for planning, organizing, and directing the budgetary, fiscal, and financial reporting operations of the Commission, and for managing all procurement and contracting functions for the agency.

Under the general direction of the Executive Director, the incumbent exercises overall responsibility for the development, coordination, and maintenance of an integrated financial management system which meets the requirements of the Office of Management and Budget, the Government Accountability Office, and the Treasury Department; provides accountability for agency funds and assets, and full disclosure of the financial results of agency operations; and furnishes timely data to all levels of management for use in directing, controlling, and evaluating programs. The CFO develops and monitors the system for funds control, makes program adjustments as new requirements are levied or priorities change, and reviews or prepares a variety of reports on the status of funds.

The incumbent also serves as the FTC’s Performance Improvement Officer.  S/he is responsible for coordinating the performance management activities of the agency, including: development and improvement of the agency’s strategic plans, annual performance plans, and annual performance reports; ensuring program goals are aggressive, realistic, and accurately measured; regularly convening agency program management officials to assess and improve program performance and efficiency; and ensuring agency program goals are used in determining performance ratings, particularly those of senior executives to ensure accountability for accomplishing the agency's strategic goals.

The incumbent manages the internal control activity and is responsible for planning, organizing, and directing the agency’s internal control processes and systems, including: identification and analysis of relevant risks associated with achieving organization objectives; evaluating and recommending internal control activities; providing both operational and financial data to program officials to assist them in carrying out their internal control responsibilities; and reporting and monitoring operations to ensure that audit findings and other reviews are promptly resolved.

The CFO may speak on behalf of the Executive Director in meetings with senior agency officials, and Congressional appropriators and Executive Branch oversight entities. The CFO oversees the distribution of scheduled allotment appropriations and the preparation, submission, and presentation of agency budget estimates. In addition, the CFO assumes responsibility for a wide variety of special projects involving the FTC as a whole, such as complex analyses of mission needs and the efficient deployment of FTC financial resources.

As head of FMO, the incumbent oversees a staff responsible for carrying out all financial operations of the Commission. The incumbent is thus responsible for monitoring the execution of the Commission’s program budget, maintenance of the agency’s fiscal and accounting records, preparing agency financial statements and reports to reflect the financial position of the Commission for internal purposes and as required or requested by oversight organizations (e.g., Congress, OMB), auditing all vouchers for general operating expense categories, authorizing prior payments, and certifying the Commission’s payroll. In addition, the incumbent has overall responsibility for the development of an optimal organization structure and for continual improvement in methods of financial operations to assure the changing needs of the Commission are met through sound financial management.

Travel Required

  • Not Required

Relocation Authorized

  • No