Federal Financial Management Consultant (All Levels) - Washington, DC

Asset Reporting & Valuation: Analyze and sustain financial management assertions (accuracy, valuation, existence, completeness, rights/obligations) for assets including Fund Balance with Treasury (FBwT), General Property, Plant, and Equipment (GPP&E), and Inventory. This includes conducting annual risk-based scoping, performing Test of Design (TOD) and Test of Operating Effectiveness (TOE), and developing Process Cycle Memorandums (PCM) and Control Evaluation Matrices (CEM).

Benefits:

• 401(k)
• 401(k) matching
• Competitive salary
• Dental insurance
• Health insurance
• Paid time off

Role Overview:
The Federal Financial Management Consultant provides beginning-to-end audit remediation and sustainment services to help the Navy to achieve and maintain an unmodified (clean) audit opinion. This role focuses on implementing internal controls, remediating audit findings, and modernizing financial reporting through automation.


 
Key Responsibilities:

• Internal Controls & Risk Management (OMB A-123): Execute the full annual cycle of the Risk Management and Internal Control (RMIC) program. This includes conducting annual risk-based scoping, performing Test of Design (TOD) and Test of Operating Effectiveness (TOE), and developing Process Cycle Memorandums (PCM) and Control Evaluation Matrices (CEM).
• Audit Remediation & Corrective Action Plans (CAP): Collaborate with functional leads to develop CAPs for all Notices of Findings and Recommendations (NFR) within six weeks of issuance. Perform quality reviews of CAPs to ensure they properly remediate conditions identified by Independent Public Accountants (IPA).
• Asset Reporting & Valuation: Analyze and sustain financial management assertions (accuracy, valuation, existence, completeness, rights/obligations) for assets including Fund Balance with Treasury (FBwT), General Property, Plant, and Equipment (GPP&E), and Inventory.
• Universe of Transactions (UoT): Develop and maintain a transactional-level audit trail that reconciles to financial statements. Perform complex reconciliations, including point-to-point and data quality reviews, to ensure population completeness.
• Audit Liaison Support: Facilitate walkthroughs, prepare key supporting documentation (KSD), and craft position papers for IPAs. Monitor the status of audit documentation requests to ensure a minimum on-time submission rate of 95%.
• Data Analytics & Automation: Identify opportunities to leverage Artificial Intelligence (AI), Machine Learning (ML), and Robotic Process Automation (RPA) to automate manual reconciliation processes and improve data analysis.

Required Knowledge & Compliance Standards:
 

• Federal Regulations: Federal Managers’ Financial Integrity Act (FMFIA), Federal Financial Management Improvement Act (FFMIA), and CFO Act of 1990.
• Guidance: OMB Circular A-123 (Management’s Responsibility for ERM and Internal Control), GAO Green Book (Standards for Internal Control), and SFFAS (Statement of Federal Financial Accounting Standards).
• Technical Systems: Familiarity with DAF financial and property systems such as Navy ERP (NERP), Advana, and the Audit Response Tool (SharePoint).

Desired Skills:
 

• Analytical Thinking: Ability to perform root cause analysis on financial variances and audit findings.
• Problem Solving: Capability to develop innovative solutions for systemic process modernization rather than simple remediation.
• Training: Experience in identifying knowledge gaps and developing training materials for government personnel.