About the Agency
The Federal Election Commission (FEC) is an independent regulatory agency with exclusive jurisdiction for the administration, interpretation, and civil enforcement of the Federal Election Campaign Act (FECA), as amended. The FECA requires disclosure of campaign contributions and expenditures by candidates for Federal office and committees supporting those candidates, and imposes limitations on the amount and sources of such contributions. The FEC also administers the Federal programs that provide public funding to qualified candidates for President and Vice President. By ensuring that the campaign finance process is fully disclosed and that the rules are effectively and fairly enforced, the agency seeks to foster the electorate's faith in the ultimate integrity of the nation's political process. The FEC fulfills its mission through education and outreach, conciliation, rulemaking, Advisory Opinions, and litigation.
The FEC converted its financial accounting transactions to a Line of Business (LOB) provider, which includes a time and attendance system, and integrated payroll processing with the financial management system.
The Office of the Chief Financial Officer (CFO) is divided among the Accounting and Finance Division, the Budget Division and the Procurement Division. Among its current strategic initiatives are the enhancement of internal processes, the improvement of financial performance and measures to further budget and performance integration. Effective internal controls will align FEC activities and costs to strategic goals and objectives. This position is located in the immediate office of the CFO
- Directs and reviews the preparation, reconciliation and consolidation of internal and external accounting and financial management reports in compliance with both FEC and Treasury requirements and U.S. Generally Accepted Accounting Principles.
- Identifies regulatory and accounting changes, and operating level problems to ensure funds are efficiently controlled and financial records accurately reflect the status of the FEC's financial condition.
- Compiles and verifies the accuracy of accounting data and adequacy of supporting data to prepare statements and reports, schedules, and comparative analysis of accounting transactions.
- Manages ongoing development and data gathering for the change to the Agency Financial Report (AFR).
- Leads team in report writing and consultation for preparing required supplementary information (RSI), in accordance with the prescribed guidelines in U.S. Generally Accepted Accounting Principles and OMB Circular A-136.
- Works with the CFO and Budget Director in planning, management, development of budget formulations and projections, execution of budget, and performing cost benefit analysis for budget operations.
- Works with the CFO and Procurement Director to extract data from Comprizon for comparison to the financial management system and ensures that payments comply with the purchase orders. Ensure compliance with the Improper Payment Elimination and Recovery Act of 2010 (IPERA) and assist with the close out of contracts.
- Keep abreast of Treasury?s requirements and changes for implementation of the Debt Collection Improvement Act of 1996 and prepare the Treasury Report on Receivables quarterly.