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Chief Financial Officer

Department of Education
Federal Student Aid
This job announcement has closed

Summary

This position is in Federal Student Aid (FSA). FSA administers programs providing grants, loans, and other financial assistance to students pursuing postsecondary education. The Chief Financial Officer (CFO) reports to the Principal Deputy Chief Operating Officer and oversees FSA’s financial and budget management. This position collaborates with the agency's CFO in the Office of Finance and Operations and agency's Budget Director in the Office of Planning, Evaluation, and Policy Development.

Overview

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Reviewing applications
Open & closing dates
04/05/2024 to 04/26/2024
Salary
$147,649 to - $221,900 per year
Pay scale & grade
ES 00
Location
1 vacancy in the following location:
Washington, DC
Remote job
No
Telework eligible
Yes—as determined by the agency policy.
Travel Required
Occasional travel - This position may require some travel (10% or less).
Relocation expenses reimbursed
No
Appointment type
Permanent
Work schedule
Full-time - Full Time
Service
Senior Executive
Promotion potential
00
Supervisory status
Yes
Security clearance
Other
Drug test
Yes
Position sensitivity and risk
Critical-Sensitive (CS)/High Risk
Trust determination process
Announcement number
SES-2024-0011
Control number
785317300

This job is open to

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Clarification from the agency

Status candidates only. Applicants must be current or prior federal employees. You are encouraged to read the entire announcement before you submit your application package. Your application may not get full consideration if you do not follow the instructions as outlined in the section "How to Apply."

Duties

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Federal Student Aid's (FSA's) CFO is responsible for managing, directing, and advising FSA leadership, organizational segments, and other senior officials on matters related to financial management, financial systems, budget and accounting, program analysis and evaluation, internal controls, cash management, credit management, and debt management policies, and standards and compliance guidelines. Oversees corrective actions relating to financial audit recommendations.

The position requires outstanding leadership, executive ability, professional judgment, technical knowledge, and wide practical experience in the fields of financial management and administration. As directed and authorized, approves planning, budget formulation, and implementation of legislation affecting financial management.

Collaborates with the Department’s Office of Finance and Operations; Budget Service within the Office of Planning, Evaluation, and Policy Development; and the Office of Management and Budget on behalf of FSA. Represents FSA in meetings with other Federal agencies and external groups. Participates in cross-agency efforts, particularly to improve FSA management and operations. Specifically, the CFO leads the following organizational responsibilities:

FSA Budget. Oversees FSA’s budget formulation, justification, and execution; produces financial analysis; processes travel authorizations and payment, reimbursements, invoices, and administrative payments; and produces budget reports and forecasts. Coordinates efforts with Budget Service within the Office of Planning, Evaluation, and Policy Development.

FSA Financial Management. Leads FSA’s accounting and financial operations. Manages the accounting lifecycle; oversees FSA payment processing, including tracking of receivables and payables; manages FSA financial statement audit activities; oversees the internal control and improper payment programs; develops FSA accounting policy; and produces reliable financial reporting, including the Annual Report. Coordinates work with the agency's Office of Finance and Operations.

FSA Financial Management Systems. Oversees the operation, maintenance, development, testing, and security of the Financial Management System. Manages system interface activities for the FSA general ledger, accounts payable, and accounts receivable transactions between FSA, the Department, and the U.S. Department of the Treasury. Performs configuration management, audit support, and integration between the Finance Office and other FSA offices. Coordinates work with the agency's Office of Finance and Operations. 

Requirements

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Conditions of employment

  • One year probationary period, unless excepted by regulation.
  • U.S. Citizenship is required.
  • Requires a financial disclosure statement, OGE-278.
  • Relocation expenses will NOT be paid.
  • Must be able to obtain and maintain a Public Trust Security Clearance



Qualifications

EXECUTIVE CORE QUALIFICATIONS (ECQs): Unless you are currently under a career SES appointment, are eligible for reinstatement into SES, or have successfully completed a SES Candidate Development Program approved by OPM, you must submit written statements (narrative format) describing accomplishments that would satisfy the ECQs. If you fail to do so, you will be rated as 'ineligible.' You should provide 2 written examples for each ECQ and your ECQs should not exceed ten (10) pages total. When uploading your ECQs, choose the Supporting Document Type called ECQ.

ECQ 1 - Leading Change: This core qualification involves the ability to bring about strategic change, both within and outside the organization, to meet organizational goals. Inherent in this ECQ is ability to establish an organizational vision and to implement it in a continuously changing environment.

ECQ 2 - Leading People: This core qualification involves the ability to lead people toward meeting the organization's vision, mission, and goals. Inherent in this ECQ is the ability to provide an inclusive workplace that fosters the development of others, facilitates cooperation and teamwork, and supports constructive resolution of conflicts.

ECQ 3 - Results Driven: This core qualification involves the ability to meet organizational goals and customer expectations. Inherent in this ECQ is the ability to make decisions that produce high-quality results by applying technical knowledge, analyzing problems, and calculating risks.

ECQ 4 - Business Acumen: This core qualification involves the ability to manage human, financial, and information resources strategically.

ECQ 5 - Building Coalitions: This core qualification involves the ability to build coalitions internally and with other Federal agencies, State and local governments, nonprofit and private sector organizations, foreign governments, or international organizations to achieve common goals.

To view additional information on the proper preparation of Executive Core Qualification statements available on the Office of Personnel Management's website please click here.

MANDATORY TECHNICAL QUALIFICATIONS (MTQs): All applicants must submit written statements (narrative format) of accomplishments that would satisfy the technical qualification. You must address each technical qualification separately. You must limit your narratives to two (2) pages per technical qualification. When uploading your MTQs, choose the supporting Document Type called MTQ.

MTQ 1: Knowledge of federal budgeting, accounting, and reporting processes and demonstrated experience in integrating organizational outcomes and program funding.

MTQ 2: Demonstrated experience developing and implementing policies and procedures for a variety of complex business management programs to include budget formulation, financial administration, performance planning, and internal controls that are of major significance to top management and are in alignment with the agency and federal laws and regulations.

MTQ 3: Demonstrated expertise in communicating across all levels within and outside an organization to achieve the goals and objectives of the office.

When responding to the MTQs and ECQs, you must clearly show that you possess the experience, knowledge, skills and ability to perform the duties of this position by submitting narrative responses in which you detail your experience in each of the ECQs and MTQs.

Your examples should be clear and emphasize your level of responsibilities, scope, and complexity of the programs managed and program accomplishments with results of your actions, policy initiatives and level of contacts.

Applicants who use "see resume" as a response WILL NOT receive consideration for the position.

Current or Former Political Appointees:  The Office of Personnel Management (OPM) must authorize employment offers made to current or former political appointees. If you are currently, or have been a political Schedule A, Schedule C, or Non-Career SES employee in the Executive Branch, you must disclose this information to the HR Office.  Failure to disclose this information could result in disciplinary action or removal from Federal Service.

Additional information

VETERAN'S PREFERENCE - Veteran's Preference does not apply to the SES.

SELECTIVE SERVICE - If you are a male applicant born after December 31, 1959, you must certify at the time of appointment that you have registered with the Selective Service, or are exempt from having to do so under Selective Service law.

REASONABLE ACCOMMODATION - This agency provides reasonable accommodations to applicants with disabilities. If you need a reasonable accommodation for any part of the application and hiring process, please notify the hiring agency directly. The decision on granting reasonable accommodation will be on a case-by-case basis.

EQUAL EMPLOYMENT OPPORTUNITY - The United States Government does not discriminate in employment on the basis of race, color, religion, sex, national origin, political affiliation, sexual orientation, marital status, disability, genetic information, age, membership in an employee organization, retaliation, parental status, military service, or other non-merit factor.

SECURITY CLEARANCE: This position is a non critical-sensitive national security position and appointment requires that you undergo an Access National Agency Check and Inquiries investigation and that the GSA security office grant you a Secret national security clearance. Applicants do not need this level of clearance in order to apply. If you are not a GSA employee, the security office must grant the clearance before you are appointed to htis position unless a pre-appointment waiver of this requirement is approved.

How you will be evaluated

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

Applicants will be evaluated by a Qualifications Review Panel of senior officials. The panel will rate and rank applicants on the basis of the quality and extent of total accomplishments, experience and education. The panel will determine the degree to which candidates possess the required knowledge, skills, and abilities to perform the mandatory technical requirements of the position and the mandatory executive core qualifications requirements. Among the factors the evaluation panel will consider in determining the applicant's relative capacity and fitness for the position are education, training, experience and demonstrated executive level qualifications. The Panel will review your resume against each mandatory technical qualifications and mandatory executive core qualifications to determine the best qualified candidates. Candidates determined to be best qualified will be referred to the selecting official for further consideration for the position.


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