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Financial Specialist

Posting number: 201905546

Department: |Virgin Islands Law Enforcement Planning Commission- STT|

Job classification: Financial Specialist

Posting type: Open

Categories: Accounting and Finance

Summary

This is analytical and supervisory accounting work involving auditing of financial transactions and reviewing of accounting practice in a large agency. Work involves analyzing and developing accounting policies and procedures for effective budgetary operations.
An employee in this class receives administrative supervision from the-head of the department, agency or designee. The supervisor allows employee to define his/her own work assignment within broad guidelines. Work is reviewed for conformity with established laws, rules and regulations and also analysis of reports submitted.

Examples of duties

DUTIES (NOT ALL INCLUSIVE):

  • Coordinates and consolidates budget estimates prepared by the units within the department; and the unified budget and projection cost submitted for consideration and action by upper management.* Compiles data to be used in budget preparation and justifies funds requested.* Reviews substantive information in the budget submission and prepares recommendation based on request.* Explains the instructions in the Budget Call to the program heads within the department.* Prepares and maintains allotment control on the P.C. along with other related records and reports.* Prepares the budget on the P.C. for the department and bounds budget for submission.* Identifies, analyzes and develops policies and procedures for effective budgetary operation. Prepares monthly and quarterly reports and projects based on the needs of the department.* Coordinates, collects and prepares comparative analysis of data and trends in relation to costs and services performed during previous fiscal years.* Coordinates the formulation and preparation of the department's budget, as well as related budgetary functions within the unit.* Attends legislative hearings and other meetings relative to fund control and proper financial balance.* Prepares reports for the Deputy Commissioner, Fiscal and Administrative Services.* Formulates and recommends policies and procedures based on research and findings within the fiscal areas.* Assumes special projects upon development of disasters or special needs.* Liaison with the Office of Management and Budget and the Department of Finance in coordinating Fiscal Reports.* Customizes other department and agencies policies to formulate and implement Education process.* Guides and monitors outer agencies and activity centers within the department, to II ensure the implementation of developed policies and procedures.* Supervises employee(s) within respective unit.* Works directly for the Deputy Commissioner, fiscal and Administrative Services and Director of Budget Control.* Acts in the absence of the section head.* Performs other related duties as required.

Qualifications

B.A. Degree including fifteen (15) credits in accounting and five (5) years accounting experience;
OR
Substitution of appropriate accounting experience may be made for the required college training on a one-to-one year ratio provided that such substitution does not go below a high school diploma and includes fifteen (15) credits in accounting.

Supplemental information

FACTOR-1-KNOWLEDGE REQUIRED BY THE POSITION:

  • Knowledge of the laws, rules and regulations pertaining to budgeting and receipt and expenditure of funds by the Government of the Virgin Islands.* Knowledge of the principles and practices of public administration, budgeting, and governmental accounting.* Knowledge of the laws, rules and regulations relating to federal and insular accounting procedure of the Government of the Virgin Islands.* Ability to establish and maintain effective working relationship with all persons contacted during the course of work.

FACTOR-2- SUPERVISORY CONTROLS:
Work is performed under the direction of a higher level officer who assigns duties. The employee is expected to apply general knowledge in accounting, budgetary, reporting and other duties in financial operations. Work is reviewed through conferences and reports. Unusual or difficult problems are referred to the superior for action.
FACTOR-3- GUIDELINES:
Guidelines include departmental rules, regulations, policies and procedure. Also governmental accounting manuals.
FACTOR-4- COMPLEXITY:
Work involves the formulation compilation and analysis of budgetary data, it also, involves record control and other general services. The employee determines the proper action to be taken, and advises activity centers as to any changes.
FACTOR-5- SCOPE AND EFFECT:
The purpose of the work is to assist management with a variety of analytical, fiscal and budgetary accounting details, necessary to ensure a smooth operation of the agency in reaching its goals.
FACTOR-6- PERSONAL CONTACTS:
Contacts are made with co-workers, employees from other government agencies, and managerial personnel.
FACTOR-7- PURPOSE OF CONTACTS:
Contacts are made to advise, provide, or obtain information and assistance relative to budgetary matters, resolution of problems and other changes.
FACTOR-8- PHYSICAL DEMANDS:
Work is sedentary, with no unusual physical demands.
FACTOR-9- WORK ENVIRONMENT:
Work is performed in an office setting.

Skills

  • Budgeting
  • Financial Analysis
  • Accounting
  • Auditing
  • Financial Reporting
  • Microsoft Excel
  • Regulatory Compliance

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