Principal Financial Associate

Job Description:

The candidate must be able to:

• Apply knowledge of financial management and accounting functions, processes, and analytical methods and techniques to gather, analyze, evaluate and present information required by program or project managers and customers
• Prepare program budgets, reports and financial documentation; draw conclusions and draft solutions to funding/budgeting requirements & problems relating to improvement of financial management effectiveness, work methods, financial systems, and procedure efficiency.
• Perform budget forecasting tasks, variance identification and analysis, program or financial execution reporting and reviews, schedule analysis, earned value management (EVM) analysis, and/or provide recommendations to the program office on all matters relating to budget, schedule, or EVM.
• Identify accounting discrepancies and take appropriate corrective actions.
• Use automated management information systems in performing fact finding, analytical, and advisory functions.
• Compile division level financial material from a variety of sources in support of various tasks and requirements for financial metrics, Financial Improvement and Audit Readiness (FIAR) compliant audits, management internal control program, self-assessment program, and routine reporting
• Advise or assist with the development of program specific funds management documentation, and/or assist in the execution of automated models and control techniques to aid decision making; this may include generating funding, forecasting, programming, and budget information and documentation using applicable databases and software
• Prepare, develop, and/or assist with financial papers, briefings, or other inputs to support various events, such as, but not limited to Budget Execution Review (BER), Integrated Baseline Review (IBR), Milestone Decision Review (MDR), Monthly Activity Report (MAR), Program Management Review (PMR), Acquisition Strategy Plan (ASP), or IPT risk assessments
• Draft financial data documentation for submission to the Government financial lead/analyst such as but not limited to Procurement Documents [P-DOCS], Research Test Development and Evaluation Documents [R-DOCS] and Program Objective Memorandum (POM).
• Provide status of approved, deferred, and released funds using new or existing organizational formats. Identifying, preparing and assisting with correction of posting errors in financial records.
• Draft a variety of funding documents in support of unit/organizational programs such as but not limited to Purchase Requests (PRs), Military Interdepartmental Purchase Requests (MIPRs), project orders, and other financial documents IAW FM policy and regulations.
• Generate, maintain, and document an independent audit trail to track, record, and report the status of each funding document to ensure proper use of all funds (active, expired, and cancelled). Submit to Government financial lead/analyst for approval/review.
• Generate and deliver quick-turnaround "what-if" funding drill assessments and/or provide data retrieval and analysis for ad-hoc reporting requirements or other data calls.
• Support AF or DoD exercises and simulations designed to assess the unit's ability to support real-world scenarios in a compliant and timely manner.
• Monitor, report, and maintain reimbursable budget program.
• Perform research and analysis for accounting related issues using a variety of online query systems and tools. For example, CCaRS, CRIS, WAWF, and FM Suite.
• Maintain the financial database, input financial and contracting data, and extract ad hoc reports.
• Other duties as assigned.

Job Requirements

Qualifications:

• Knowledge of the policies, concepts, procedures, techniques, and methodologies pertaining to analysis of financial data.
• Knowledge of DoD acquisition requirements, development, and approval processes.
• Knowledge of DoD contracting types, contract structure, contract line item financing, and funding clauses relevant to spend plan formulation and forecasting.
• Skill in formulating, justifying, and/or analyzing financial requirements of an acquisition or sustainment program.
• Ability to communicate, plan, and organize work and meet deadlines.
• Ability to work in teams under short deadlines.
• Ability to gather, assemble, and analyze data using financial systems to prepare budget estimates, develop alternatives, and make recommendations to resolve budget/funding problems.
• FM support may also be required for security assistance projects such as Foreign Military Sales (FMS). FM support to FMS programs requires knowledge and experience associated with FMS case or administrative support funding, security assistance funding policy, and strong knowledge or relevant experience with DoD Case Management Control System
• Personnel supporting this requirement must have and maintain an active Secret security clearance
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  BA/BS and 10 Years of experience in the respective discipline being performed, of which 3 must be in DoD