Job Description

Posting number: 201905451

Department: |Department of Finance- STT|

Job classification: Financial Reporting Analyst

Posting type: Open

Categories: Accounting and Finance

This is fiscal management work of a professional accounting nature involving responsibility for financial reports and data for all Executive Government agencies of the U.S. Virgin islands Government. Financial Reporting Analysts prepare documentation that reflects the government financial standing. The information they compile is issued to internal and external sources and is used to create budgets and conduct audits. They use Generally Accepted Accounting Principles (GAAP) to create financial statements, balance sheets while ensuring accurate financial reporting throughout an organization by working closely with various departments and management.

Work is performed under the general directions of a higher level supervisor and is reviewed through discussions.

Examples of duties

DUTIES (NOT ALL INCLUSIVE)

• Prepares fund analysis upon request to determine balance in overall fund.
• Establishes new funds and organizational structures to coincide with the passage of new legislation; review them for corrections and transmits them to the Office of Management and Budget.
• Sets up Special Funds budget and enter them in the Enterprise Resource Planning (ERP) system for all Executive Government agencies based on availability of funds.
• Sets up organizational codes for new federal projects upon request, and enters them on the ERP system Agencies are informed upon completion via written letter.
• Prepares quarterly analysis of funds for V.I. Legislature and the Office of Management and Budget.
• Performs fund reconciliation to determine correct balances in account.
• Prepares bank schedule showing projected payments of principle on outstanding bonds.
• Prepares reports on revenues and expenditures to facilitate audit.
• Analyzes financial data for proper classification and recording to the ERP.
• Reconciles sub ledger cash balances to the ledger on a monthly basis by sub funds for various fund groups; collects and compiles information for general ledger entries.
• Prepares financial statements and analyzes these statements to ensure that legal or budgetary requirements are being met, as well as to determine the financial condition of the government through its various funds and accounts.
• Performs other related work as required.

Qualifications

Bachelor's degree in Accounting, Finance, Business Administration or any closely related field which include at least (12) credits in Accounting and/or Finance, plus two (2) years experience dealing with finance, accounting, or federal grants or budgetary matters.

Supplemental information

FACTOR 1- KNOWLEDGE REQUIRED BY THE POSITION

• Knowledge of principles and practices of governmental accounting.
• Knowledge of government laws, rules and regulations, policies and procedures.
• Knowledge of the department's laws, rules, regulations, policies and procedures.
• Knowledge of Government Accounting Standard Board (GASB) updates as it relates to governmental funds.
• Knowledge of the general principles of accounting and the applications of accounting principles and techniques to work situations.
• Knowledge of various funds and their functions.
• Knowledge of computers and computer operations.
• Skill in the use of office equipment and machines.
• Ability to communicate (orally and written) with all persons contacted.
• Ability to interpret and analyze technical and financial data.
• Ability to read, comprehends, and follows written and oral instructions.
• Ability to access and retrieve financial data from ERP.
• Ability to establish and maintain effective working relationships with all others contacted during the course of work.

FACTOR 2- SUPERVISORY CONTROL
Work is assigned to employee who works independently and is responsible for results.
Work is reviewed by supervisor and corrections made if needed by employee. Completed and reviewed work is submitted for approval by the supervisor to the Director.
FACTOR 3- GUIDELINES
The guidelines used are the Government Accounting Manuel, Legislative Acts, Departmental Policies and Procedures, GASB updates, ERP, Legal Opinions and received performance advice from the Auditors.
FACTOR 4- COMPLEXITY
The employee performs work on difficult and complex fiscal transactions, using standard methods and procedures to achieve desired results.
FACTOR 5- SCOPE AND EFFECT
The purpose of the position is to ensure that all data entry transaction are posted, determine the accuracy of government funds and control fund expenditures.
FACTOR 6- PERSONAL CONTACTS
Personal contacts are made with co-workers, employees from other Executive Government Agencies and individuals outside of government.
FACTOR 7- PURPOSE OF CONTACTS
The purpose of the contacts is to obtain and exchange information relative to the balances of various funds and appropriations for specific organizational structures.
FACTOR 8- PHYSICAL DEMANDS
Light physical effort and moderate stamina.
FACTOR 9- WORK ENVIRONMENT
The employee works in an air-conditioned office with some disagreeable conditions.