For the grade 11: One full year of specialized experience equivalent to the GS/CU-09 level which included responsibility of performing examining/auditing operations for a financial institution; and experience reviewing internal controls for a business or other organization to determine risk exposure.
To qualify for the CU-11 position based on education, you must meet one of the following qualification requirements: You must have successfully completed 3 full academic years of progressively higher level graduate education or Ph.D or equivalent doctoral degree. Such education must demonstrate the knowledge, skills and abilities necessary for successful job performance in the position to be filled; and include at least 6 Semester Hours in Accounting (or equivalent courses) and 3 Semester Hours in Introductory Auditing (or an equivalent course) for a total of 9 Semester Hours. These courses may have been at the graduate or undergraduate level and must have included course work that provided instruction in the following: A. Basic accounting concepts and theories and the essentials of the accounting process. For example, income determination and financial position; a fundamental understanding of the general ledger and subsidiary ledgers; evaluation of adjusting, closing, and correcting entries; analysis of financial statements and bank statement reconciliation; understanding of accrual and cash methods; awareness of Generally Accepted Accounting Principles; AND B. External financial reporting with emphasis on balance sheet valuations and their relationship to income determination; AND C. Principles of finance and their application to typical financial problems of business enterprises such as the measurement and disclosure problem associated with cash, receivables, fixed assets, and intangibles. Special emphasis on financial analysis, management of working capital, cost of capital, capital budgeting, long-term financing, dividend policy, and internal financing; AND D. Fundamental auditing concepts, such as, internal controls, separation of duties, independence of judgment, and verification of accounts; awareness of Generally Accepted Auditing Standards.
COMBINATION OF EDUCATION AND SPECIALIZED EXPERIENCE Completion of an equivalent combination of acceptable graduate level education and experience as described above sufficient to equal 100% of the job requirements.
NOTE: Alternative Method To Meet Auditing Experience/Education Requirement: For applicants who do not possess the required auditing experience/education, NCUA will allow applicants an opportunity to complete the 3 Semester Hours of course work in Introductory Auditing (or equivalent course) within 10 months after beginning employment at NCUA. This auditing course must provide instruction in the fundamental auditing concepts such as internal controls, separation of duties, independence of judgment, and verification of accounts; awareness of Generally Accepted Auditing Standards. The NCUA agrees to fund this course, if needed. Failure to successfully complete this course requirement within the required time period is cause for termination of employment at NCUA. The appropriate Regional Director may approve a waiver to extend the 10-month requirement (not-to-exceed a total of 18 months). Decisions are made on a case-by-case basis. COMBINATION OF EDUCATION AND SPECIALIZED EXPERIENCE Completion of an equivalent combination of acceptable graduate level education and experience as described above sufficient to equal 100% of the job requirements.
You must meet the qualifications for this position by the closing date of this announcement. KNOWLEDGE, SKILLS AND ABILITIES (KSAs): Your qualifications will be evaluated on the basis of your level of knowledge, skills, abilities and/or competencies in the following areas: 1. Professional knowledge of the principles, theories, and practices of accounting and auditing as applied to financial institutions. 2. Knowledge of business theory sufficient to understand how credit unions function. 3. Demonstrated ability to evaluate financial statements. 4. Demonstrated ability to produce a written examination report in an understandable format. 5. Demonstrated ability to communicate verbally to obtain requested information, and to persuade others to make changes. 6. Demonstrated ability to plan, organize, and manage work processes by initiating work and by operating independently.
HOW YOU WILL BE EVALUATED:
First, your application package will be reviewed for completeness (resume, completed assessment questionnaire, and supporting documentation). You will not be considered if you fail to submit all the required documents as outlined in this vacancy announcement. Second, if you have a complete application package, your RESUME will be reviewed to determine if you meet the basic qualifications and specialized experience requirements (see "Qualification and Evaluations" section). You must provide specific details in your resume as to how your experience meets the specialized experience. Third, if you are determined to be qualified for the position, your resume and supporting documentation will be compared to your responses to the assessment questions. The numerical rating you receive is based on your responses to the questions. If upon review it is determined that your resume and supporting documentation do not support your responses to the questions, your numerical rating may be adjusted and you may be excluded from consideration for this position.