Federal Energy Regulatory Commission (FERC) Student Trainee (Auditing) in Washington, District Of Columbia
Summary The Federal Energy Regulatory Commission (FERC) is ranked within the top 5 mid-size agencies through the Partnership for Public Service’s Best Places to Work in the Federal Government Rankings! Our Pathways Internship Program provides students the opportunity to acquire first-hand experience in the energy industry, while gaining exposure to the Commission’s work. This position is in the Office of Enforcement. For more information visit:OE Responsibilities As a Student Trainee (Auditing), some of your typical work assignments may include: Applying professional auditing principles, techniques, and theories to solve market and financial accounting issues at energy companies, including numerous Fortune 500 companies. Preparing draft summaries of work performed and based on the results of the audits, evaluations and examinations that contain an appropriate discussion and recommendations on economic and regulatory policies. Preparing other written products such as notices, financial memoranda and proposed orders. Assisting in performing audits, evaluations and examinations of market and financial accounting and reporting issues associated with measurement of market performance, assessment of market behavior and structure, and financial reporting requirements, to ensure efficiency, fairness, and consistency with Commission rules and policies. Developing recommendations for the disposition of all issues. Taking action to resolve, or coordinate the resolution of, market and financial problems and issues. Performing a variety of basic spreadsheet analyses; research market and financial accounting issues; and preparing routine working papers and summary reports. Developing work plans, milestones, and resource requirements and provide these inputs to the Division's planning process. The effort requires research into basic regulatory, market, financial auditing and emerging issues, industry reporting, various current and prior Commission actions, prior and on-going audits, evaluations, examinations and discussions with other knowledgeable sources. Our Internship Program offers students the opportunity to attend networking events, visit regulated hydropower dams, and participate in seminars with career advice and tips from FERC’s top management officials. For more information, visit: https://www.ferc.gov/about/careers/student-relations. Requirements Conditions of Employment You must be a U.S. Citizen or National. A background investigation is required. Relocation expenses will not be paid. You must meet the eligibility and qualification requirements. You must submit proof of enrollment in a degree-seeking program. You must submit transcripts at the time of application. You may be required to divest certain energy-related securities. You must meet all eligibility and qualification (experience and/or education) requirements by the end of the Spring 2022 semester. Qualifications Eligibility: In order to be eligible for our Pathways Internship Program, you must: Be accepted for enrollment or enrolled and seeking a degree or certificate in a qualifying educational institution on a half- to full-time basis (as determined by the educational institution); AND Meet the definition of a student throughout the duration of your appointment; AND Meet the qualification standards (e.g., series and grade). Candidates must meet one of the following for the Educational Requirement: 1. Degree in: accounting, auditing; or a degree including auditing courses in a related field such as business administration, finance, or public administration that included or was supplemented by 24 semester hours in accounting. The 24 hours may include up to 6 hours of credit in business law; 2.A combination of education and experience with at least 4 years of experience in accounting, or an equivalent combination of accounting experience, college-level education, and training that provided professional accounting knowledge and twenty-four semester hours in accounting or auditing courses of appropriate type and quality; This can include up to 6 hours of business law; 3.A combination of education and experience with at least 4 years of experience in accounting, or an equivalent combination of accounting experience, college-level education, and training that provided professional accounting knowledge and a certificate as Certified Public Accountant or a Certified Internal Auditor, obtained through written examination; 4. A combination of education and experience with at least 4 years of experience in accounting, or an equivalent combination of accounting experience, college-level education, and training that provided professional accounting knowledge and completion of the requirements for a degree that included substantial course work in accounting or auditing, e.g., 15 semester hours, but that does not fully satisfy the 24-semester-hour requirement, provided that (a) the applicant has successfully worked at the full-performance level in accounting, auditing, or a related field, (b) a panel of two higher level professional accountants or auditors has determined that the applicant has demonstrated a good knowledge of accounting and of related and underlying fields that equals in breadth, depth, currency, and level of advancement that which is normally associated with successful completion of the 4-year course of study and (c) the applicant’s training and experience fully meet the specified requirements. To view the qualification requirements of a Student Trainee (Auditing), GS-0599-7,please visit:Auditor, 0511 In addition to meeting the educational requirement for Auditor, you must also qualify either on your educationOR one full year of specialized experience at or equivalent to the GS-05level, OR have a combination of education and experience. Specialized experience is defined as:Professional accounting, auditing or related experience utilizing Generally Accepted Auditing Standards or Generally Accepted Government Auditing Standards. Experience refers to paid and unpaid experience, including volunteer work done through National Service programs (e.g., Peace Corps, AmeriCorps) and other organizations (e.g., professional; philanthropic; religious; spiritual; community, student, social). Volunteer work helps build critical competencies, knowledge, and skills, and can provide valuable training and experience that translates directly to paid employment. You will receive credit for all qualifying experience, including any volunteer experience. Education This position has an education requirement (as referenced in the “Qualifications” section) and therefore, transcripts and/or proof of enrollment are required. Failure to submit this documentation at the time of application will result in your application being marked incomplete and you will not receive further consideration. Additional Information FERC remains ranked #1 in Work/Life Balance, for the 7th year in a row, among the Best Places to Work through the Partnership for Public Service! As a leader in Work/Life Balance, we are proud to offer telework flexibilities in accordance with agency policy. The duty location of this position is in Washington, DC. Based on our current operating status, FERC employees are teleworking as opposed to coming on-site. When it is determined that our agency will be moving to the reopening phase of our Reconstitution Plan, the expectation will be to physically return to the office in Washington, DC. Telework days and any waiting period for eligibility will be determined at that time. If selected for this position, you will be required to: Complete a Declaration for Federal Employment (OF-306) to determine your suitability for Federal employment. Have your Federal salary payments made by direct deposit to a financial institution of your choice. Go through a Personal Identity Verification (PIV) process that requires two forms of identification from the Form I-9. Federal law requires verification of the identity and employment eligibility of all new hires in the U.S. FERC also participates in the USCIS Electronic Employment Eligibility Verification Program (E-Verify). For more information about E-Verify, including your rights and responsibilities, visit: http://www.uscis.gov/e-verify. Attend a mandatory ethics training. We are governed by the Office of Government Ethics (OGE) Standards of Conduct, the criminal conflict of interest statutes, and FERC’s supplemental ethics regulation, which specifically prohibits FERC employees from holding certain energy-related securities.To comply with these regulations and statutes, divestiture of these securities may be required after you begin employment. See5 C.F.R. 2634-41; 18 U.S.C. 201-208; 5 C.F.R. 3401. If selected, you may also be required to file a financial disclosure statement within 30 days of appointment. Receive authorization from OPM on any job offer you receive, if you are or were (within the last 5 years) apoliticalSchedule A, Schedule C, or Non-Career SES employee in the Executive Branch. As required byExecutive Order 14043, Federal executive branch employees are required to be fully vaccinated against COVID-19 regardless of the employee's duty location or work arrangement (e.g., telework, remote work, etc.), subject to such exceptions as required by law. If selected, you will be required to be vaccinated against COVID-19 and submit documentation of proof of vaccination by November 22, 2021 or before appointment or onboarding with the agency (if later than November 22, 2021). FERC will provide additional information regarding which forms of documentation can be accepted and how you can request a legally required exception from this requirement.