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Tax Specialist, CG-0501-11

Federal Deposit Insurance Corporation
This job announcement has closed

Summary

This position is located in the Division of Finance, Accounting and Tax Policy Staff of the Federal Deposit Insurance Corporation and the mission of the Staff is to formulate and develop accounting and tax policy for the Corporation in both its corporate and receivership capacities.

Additional selections may be made from this vacancy announcement to fill identical vacancies that occur subsequent to this announcement.

Overview

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Reviewing applications
Open & closing dates
04/06/2022 to 04/27/2022
Salary
$84,423 to - $135,874 per year
Pay scale & grade
CG 11
Location
Washington, DC
1 vacancy
Telework eligible
Yes—as determined by the agency policy.
Travel Required
Occasional travel - Occasional travel may be required.
Relocation expenses reimbursed
No
Appointment type
Permanent
Work schedule
Full-time
Service
Competitive
Promotion potential
12
Supervisory status
No
Security clearance
Other
Drug test
No
Position sensitivity and risk
Moderate Risk (MR)
Trust determination process
Announcement number
2022-HQ-B0136
Control number
647261900

Duties

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*This announcement has been amended to extend the closing date to April 27, 2022*

As a Tax Specialist, you will:

  • Calculate Federal and State payroll taxes for miscellaneous wage payments made by the FDIC employees and former employees.
  • Determine the federal and state payroll tax deposits associated with the miscellaneous wage payments to employees and former employees.
  • Make timely deposits of the federal and state payroll tax liabilities associated with miscellaneous wage payments made by the FDIC to employees and former employees.
  • Maintain working relationships with management, other governmental agencies, state and local government officials, and the professional community conducive to sound tax practices and procedures.
  • Assist in performing analysis and making recommendations for systems development and/or modifications to meet tax accounting and reporting needs for the Corporation in its capacity as corporate or receiver and as needed to fulfill responsibilities for complying with federal and state payroll reporting requirement as it relates to miscellaneous wage payments made by the FDIC.
  • Assist in the research of tax issues including, but not limited to, those related to miscellaneous wage payments made by the FDIC to employees and former employees.
  • Assist in monitoring compliance of various quality control practices and procedures used within the tax function and informs management when corrective procedures and necessary follow-up are required.
  • Keep management advised at all times regarding the progress being made, any unusual situations affecting others within the function, future deadlines, priorities and estimated completion dates.
  • Remain continuously abreast of relevant pronouncements issued within the profession and other changes with tax implications made by the U.S. Treasury, the IRS, and the Corporation.

Requirements

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Conditions of employment

Registration with the Selective Service.

U.S. Citizenship is required.  

Employment Conditions.

Completion of Financial Disclosure may be required.

Qualifications

Qualifying experience may be obtained in the private or public sector. Experience refers to paid and unpaid experience, including volunteer work done through National Service programs (e.g., Peace Corps, AmeriCorps) and other organizations (e.g., professional; philanthropic, religious/spiritual; community; student, social). Volunteer work helps build critical competencies, knowledge, and skills and can provide valuable training and experience that translates directly to paid employment. You will receive credit for all qualifying experience, including volunteer experience. Additional qualifications information can be found here.

To qualify at the grade 11, applicants must have completed at least one year of specialized experience equivalent to at least the 9 grade level or above in the Federal service.  Specialized experience is defined as experience calculating, preparing, and filing Federal and state payroll tax payments and reports, such as W-2, W-3, other related Social Security Administration filings, and Form 1099 series. OR

EDUCATION:  a Ph.D. or equivalent doctoral degree or 3 full years of progressively higher level graduate education leading to such a degree or an LL.M., if related. OR

COMBINATION of graduate level education as described above, and the specialized experience as described above, that together meet the qualification requirements for this position.

Applicants must have met the qualification requirements (including selective placement factors – if any) for this position within 30 calendar days of the closing date of this announcement.

Applicants eligible for ICTAP (Interagency Career Transition Assistance Program) must achieve a score of 85 “well qualified” for this position. For more information, Click Here.

Education

See requirements stated under QUALIFICATIONS.

Additional information

If selected for the position, you may be asked to provide the FDIC with your COVID-19 vaccination status.

If selected, you may be required to serve a probationary or trial period as applicable to appointment type.

To read about your rights and responsibilities as an applicant for Federal employment, click here.

How you will be evaluated

You will be evaluated for this job based on how well you meet the qualifications above.

Your resume and the online assessment questionnaire will be reviewed, to determine whether you meet the qualification requirements outlined in this announcement. Therefore, it is imperative that your resume contain sufficiently detailed information upon which to make the qualification determination. Please ensure that your resume contains specific information such as position titles, beginning and ending dates of employment for each position, average number of hours worked per week, and if the position is/was in the Federal government, you should provide the position series and grade level.

Your resume will also be evaluated to measure your responses to the assessment questions. If you rated yourself higher on the questionnaire than what is supported by your resume, your overall qualifications assessment may be adversely affected.

Top ranked candidates will be referred to the selecting official for further review and consideration.

The competencies/knowledge, skills, and abilities (KSAs) you will be assessed on are listed below.

  1. Knowledge of tax, accounting, finance principles and practices.
  2. Knowledge of the Internal Revenue Code and State Income Tax Regulations regarding information return requirements and employment taxes and penalties.
  3. Ability to research federal and state tax issues, communicate findings and conclusions.
  4. Ability to interact with state and federal tax agencies to resolve tax issues.
  5. Knowledge of automated accounting systems, tax software or related financial systems.
  6. Ability to communicate orally.
  7. Ability to communicate in writing.

You do not need to respond separately to these KSAs. Your answers to the online questionnaire and resume will serve as responses to the KSAs. 


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