Summary This position is located in the Department of Veterans Affairs (VA), Office of Management (OM), Office of the Revolving Funds (ORF), Supply Fund Oversight Office at VA Central Office. The primary purpose of the Financial Management Specialist is to administer and manage oversight of the budget formulation and execution, as well as provide financial policy and direction to all VA Supply Fund entities within the Department. Responsibilities This is a non-bargaining unit position. VA offers a comprehensive total rewards package: VA Total Rewards Work Schedule: Monday - Friday 8 AM - 4:30 PM Compressed/Flexible Schedule: Available Telework: Available Duty Location Status: Will work from a VA owned or leased space Position Description Title/PD#: Financial Management Specialist/ PD206180 Relocation/Recruitment Incentives: Not Authorized Permanent Change of Station (PCS): Not Authorized Financial Disclosure Report: Not Required Physical Demands: The work is primarily sedentary. There are no special physical demands for this position. Supervisory Probationary Statement: Applicants selected for this position may be required to serve a one-year supervisory probationary period. Failure to successfully complete the supervisory probationary period will result in the employee being reassigned to a position in the agency of no lower grade and pay than the one the employee left to accept the supervisory or managerial position. Major Duties: Provides management and oversight of business activities for the VA Supply Fund by ensuring compliance with fiduciary requirements and consistency with national policies, laws, and regulations. Performs Departmental financial integrity by monitoring the financial performance of the VA Supply Fund to encompass assessing internal control weakness and nonconformances, exercising effective control over financial resources, coordinating and synthesizing financial data so as to interpret the composite financial results of operations at all levels, and interrelating data to obtain a perspective of the total financial situation that will assist in program planning and decision-making. Provides coordination and oversight in the development and implementation of department-level corrective action plans, policies, procedures, and internal controls to detect and prevent fraud, waste, and abuse in order to remediate audit material weaknesses and related significant deficiencies for the VA Supply Fund financial statement. Establishes and manages a comprehensive, systematic, account management program to ensure VA Supply Fund services meet or exceed customer requirements and expectations. Provides expert financial customer service advice and strategic planning guidance to the VA Supply Fund entities and VA Revolving Fund Board members ensuring services meet and/or exceed customer requirements and expectations. Requirements Conditions of Employment Qualifications To qualify for this position, applicants must meet all requirements by the closing date of this announcement, 06/20/2024 Time-In-Grade Requirement: Applicants who are current Federal employees and have held a GS grade any time in the past 52 weeks must also meet time-in-grade requirements by the closing date of this announcement. For a GS-15 position you must have served 52 weeks at the GS-14. The grade may have been in any occupation, but must have been held in the Federal service. An SF-50 that shows your time-in-grade eligibility must be submitted with your application materials. Provide a copy of your last or most recent SF-50, "Notification of Personnel Action" to indicate your current federal status. You must also submit additional SF-50(s) to clearly demonstrate one year time-in-grade as required in the announcement. If the most recent SF-50 has an effective within the past year, it may not clearly demonstrate that you possess one year time-in-grade. In this instance, you must provide an additional SF-50 that clearly demonstrates one year time-in-grade. Time-In-Grade requirements also apply to former Federal employees applying for reinstatement as well as current employees applying for Veterans Employment Opportunities Act of 1998 (VEOA) appointment. AND Specialized Experience: You must have one year of specialized experience equivalent to at least the next lower grade GS-14 in the normal line of progression for the occupation in the organization. Specialized experience is defined as as: Reviewing and interpreting VA financial policies and directives issued by higher authority on complex and varied funding issues in order to propose new or revised agency regulatory instructions, procedures, and requirements, programs, schedules and plans for current and long-range mission accomplishment. Reviewing, planning, and executing organizational operating budgets. Negotiating service-level agreements (SLA) and Inter/Intra-agency Agreements (IAA) with customers and stakeholders. Assisting in the establishment of uniform standards and procedures to strengthen financial programs and improve consistency of interpretation and application of stated policies and procedures. Providing advice and guidance to organizations ensuring support in implementing proper policies and procedures that optimize programmatic, financial and audit operations. Providing oversight and monitoring, on an ongoing basis, financial transactions in the areas of cash flow management and expense control to ensure that cash management and reporting activities involving the VA Supply Fund are executed in a timely and efficient manner. This experience MUST be evident in your resume to receive consideration. You will be rated on the following Competencies for this position: Customer Service Strategic Thinking Internal Controls Principles of Accounting Principles of Finance Stakeholder Management Per Office of Personnel Management General Schedule Qualification Policies, federal employees are assumed to have gained experience by performing duties and responsibilities appropriate for their official series and grade level as described in their position description. Experience that would not normally be part of the employee's position is creditable when documented by satisfactory evidence (e.g., a memorandum from the manager, human resources director, or official documentation such as SF-52, SF-50 documenting an official detail/assignments, or other comparable documentation). The documentation must indicate whether the employee performed the duties full time or, if part-time, the percentage of times the employee performed the additional duties. To receive credit for experience in your resume that is not within the official series and grade level of your position, you must provide official documentation of such experience as indicated above. 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; religions; 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 volunteer experience. Note: A full year of work is considered to be 35-40 hours of work per week. Part-time experience will be credited on the basis of time actually spent in appropriate activities. Applicants wishing to receive credit for such experience must indicate clearly the nature of their duties and responsibilities in each position and the number of hours a week spent in such employment. For more information on these qualification standards, please visit OPM's web site at Education There is no education substitute or requirement for the GS-15 level. Additional Information Receiving Service Credit for Earning Annual (Vacation) Leave: Federal Employees earn annual leave at a rate (4, 6 or 8 hours per pay period) which is based on the number of years they have served as a Federal employee. VA may offer newly-appointed Federal employee's credit for their job-related non-federal experience or active duty uniformed military service. This credited service can be used in determining the rate at which they earn annual leave. Such credit must be requested and approved prior to the appointment date and is not guaranteed. Special Employment Consideration: VA encourages persons with disabilities to apply, including those eligible for hiring under 5 CFR 213.3102(u), Schedule A, Appointment of persons with disabilities [i.e., intellectual disabilities, severe physical disabilities, or psychiatric disabilities], and/or Disabled veterans with a compensable service-connected disability of 30% or more. Contact the Agency Contact for information on how to apply under this appointment authority via the Selective Placement Coordinator. The Interagency Career Transition Assistance Plan (ICTAP) and Career Transition Assistance Plan (CTAP) provide eligible displaced VA competitive service employees with selection priority over other candidates for competitive service vacancies. To be well-qualified, applicants must possess experience that exceeds the minimum qualifications of the position including all selective factors if applicable, and must be proficient in most of the requirements of the job. Information about ICTAP and CTAP eligibility is on OPM's Career Transition Resources website which can be found at This job opportunity announcement may be used to fill additional vacancies. If you are unable to apply online or need an alternate method to submit documents, please reach out to the Agency Contact listed in this Job Opportunity Announcement.