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    Duties

    Summary

    The incumbent is responsible for overseeing the daily financial and accounting operations of the Smithsonian Institution (SI). The incumbent will advise on the financial and operations of the SI, including identifying and recommending changes in business practices and/or procedures to improve the financial management of SI. The Controller advises senior and unit management on financial issues as well as current and new financial management and accounting rules and regulations.

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    Responsibilities

    Technical Responsibilities

    Plans and prepares accurate, comprehensive, and timely financial reports and information in support of internal and external reporting requirements, including SI's annual audited financial statements and footnotes. Works with the auditors to ensure that SI's financial data, condition, and results are fairly reflected in the financial statements and accompanying narrative according to Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board (FASB). Supports all internal and external audit activities including those of the Regents' Audit and Review Committee and those related to government grants and contracts (A-133 audit).

    Directs the financial transaction processing operations for SI and maintains accounting records, ensuring that all activity has been properly processed and correctly recorded in a timely manner. Ensures that effective financial controls exist over the operations within the Office of Finance and Accounting (OF&A). Supports unit-based financial staff in effective performance of required function through promulgation of clear policy and delivery of relevant training programs. Develops and disseminates training in finance and accounting to the finance user group. Provides customer support to the finance community across SI.

    Ensures integrity of financial data and generates management reports to senior management for performance monitoring and decision making. Coordinates with SI Office of the Chief Information Officer and the Office of Planning, Management and Budget to plan and execute management dashboards and other performance management initiatives.

    Ensures that cash management and banking procedures and policies are effective and efficient. Manages daily cash flows and develops reliable cash flow projections that enable the investment of "excess" working capital. Manages all SI banking relationships. Manages all external borrowings, including any relationships with rating agencies and evaluates all future external borrowings with regard to their impact on the Institution.  Effectively manages SI’s debt portfolio and ensures efficient access to credit markets through prudent management and timely communications with credit rating agencies.

    Performs analytical reviews of the monthly operating results and variances to ensure the reasonability and accuracy of reports. Manages the disposition of non-cash gifts and bequests. Implements an Endowment payout policy in conjunction with the Office of Investments and provides accurate and timely endowment accounting and reporting to unit management. Evaluates and executes SI real estate purchase and sale transactions effectively.

    Develops and updates finance and accounting policies and procedures, and provides accounting guidance to the SI units. Supports finance initiatives, including research, planning and implementation software and systems.

    Ensures that significant risk exposures are identified, and appropriate loss prevention, loss control, risk reduction, and risk financing strategies are designed and implemented. Provides advice and recommendations on a range of financial and risk management issues to Sl senior management and units. Creates awareness of good risk management practices and works with Sl units to include risk control in operating procedures.

    General Management

    Directs office operations consistent with principles of integrity, good business practices and external requirements. Keeps serviced organizations informed of program policies and procedures, providing guidance as required. Ensures that policy directives are current. Researches, develops, and recommends changes in policies and procedures to senior management, including strategies and plans for implementation of new policies. Maintains effective internal controls and responds on a timely basis to audit recommendations ensuring that open audit recommendations are closed in a timely manner; and monitors, evaluates, and revises work processes to ensure organizational requirements and objectives are continually being met through a quality and customer service focus.

    Provides guidance, leadership, direction, and feedback to staff. Delegates work and monitors work progress. Selects, places, develops, motivates, rewards, disciplines, and appraises employees. Ensures subordinates are adequately trained to perform assigned tasks and provides training opportunities for growth. Fosters mutual respect and concern among staff and customers by creating an environment of continuous learning, involvement and belonging.

    Promotes the achievement of the goals and objectives of SI’s cultural diversity and equal opportunity programs. Advances SI’s goals of achieving work force diversity through recruiting, training, and developing career opportunities as well as increasing business relationships with firms owned by women, minorities and persons with disabilities.

    Supervisory status

    Yes

    Promotion Potential

    00

This job originated on www.usajobs.gov. For the full announcement and to apply, visit www.usajobs.gov/GetJob/ViewDetails/592767500. Only resumes submitted according to the instructions on the job announcement listed at www.usajobs.gov will be considered.