The Financial Accounting Foundation (FAF) is the independent, private-sector organization with responsibility for the oversight, administration, and finances of its standard-setting Boards, the Governmental Accounting Standards Board (GASB) and the Financial Accounting Standards Board (FASB), and their Advisory Councils. Through its standard-setting boards, the organization establishes and improves financial accounting and reporting standards—known as Generally Accepted Accounting Principles, or GAAP—for public and private companies, not-for-profit organizations, and state and local governments in the United States. The FAF Board of Trustees selects and appoints the members of the GASB and the FASB and protects the independence and integrity of the standard-setting process. The FAF is a non-stock Delaware corporation that operates exclusively for charitable, educational, scientific, and literary purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code. The FAF, GASB, and FASB are located in Norwalk, Connecticut.
The FAF is seeking a highly qualified individual with substantial experience as a state auditor, or similar governmental function, to fill one of the seven seats on the GASB.
There is a standard, attractive salary for this part-time position which is payable monthly. Expenses are reimbursed for travel and other out-of-pocket costs directly associated with GASB membership, in accordance with FAF policies.
Equal Opportunity/ADA Employer
The FAF is an equal opportunity employer and complies with all applicable federal, state, and local fair employment practices laws. The FAF strictly prohibits and does not tolerate discrimination against employees, applicants or any other covered persons because of race, color, creed, religion, national origin, ancestry, ethnicity, age, gender, gender identity or expression, marital or civil union status, sexual orientation, genetic information, citizenship, military service, mental or learning disability or physical disability, pregnancy, or any other characteristic protected under applicable federal, state, or local law.
Apply electronically with resume, cover letter and contact information for five references to www.govhrjobs.com. Open until filled but to ensure consideration, please apply by February 24, 2020 to Heidi Voorhees, President, GovHR USA. Tel: 847-902-4110. Email: HVoorhees@GovHRUSA.com
Substantial experience as a state auditor, or similar governmental position, is required.
A bachelor’s degree, from an accredited college or university, is required.
Professional certifications or advanced degrees in accounting, business administration, public administration, or a related field are desirable, but not mandatory. A Certified Public Accountant credential is highly desirable but not mandatory.
Active participation in related professional associations (for example, National Association of State Auditors, Comptrollers and Treasurers; Government Finance Officers Association; Association of Government Accountants; American Institute of Certified Public Accountants) is desirable.
Critical Competencies for Success
Knowledge of state and local government financial accounting and reporting. Candidates should have knowledge of financial accounting and reporting for the state and local government organizations included under the GASB jurisdiction regardless of his or her background.
Commitment to operate as an advocate for the public interest. A candidate should be free of conflicts of interest and should be an advocate for the public interest with the goal of producing the highest possible quality of standards that serve the current needs of users of governmental financial reports.
High level of intellect applied with integrity and with discipline. The GASB deals with controversial, complex High intelligence helps in absorbing a variety of complicated information and in understanding the pros and cons of the arguments advanced. Intelligence must be used with discipline, that is, with objectivity, logic, and concentrated energy.
Judicial temperament. This quality implies the ability to consider impartially the evidence on all the many sides of the issues, to call for additional evidence if that seems necessary, and then to reach a decision within a reasonable period. The heart of this quality is the habit of gathering all evidence, weighing the pros and cons of the arguments, and making timely decisions. Bias or partiality is foreign to judicial temperament. Decisiveness is also part of judicial temperament.
Ability to work in a collegial atmosphere. The GASB is a collegial body, characterized by group decision making. Give-and-take is required among the decision makers to arrive at timely, workable solutions to problems. A collegial process can work effectively only if individual members are tactful, respectful of one another’s views, and mindful of the need to agree on workable, rather than ideal, solutions to problems.
Communication skills. Board members should be able to communicate effectively in both oral and written form. Oral communication includes discussion in Board meetings, dialogue with fellow Board members and the technical staff, speeches, and other contacts with persons outside the GASB. Written communication includes internal memoranda, speeches, and articles. All of these kinds of communication require thought, tact, and clarity of expression.
Awareness of the state and local government financial reporting environment. The GASB deals with technical accounting issues, but its decisions must be made in the context of trends and events in the government and financial community and in the context of the needs of users of governmental financial reports. A member of the GASB should have a broad understanding of the environment in which government operates and the forces that impact that environment.
Commitment to the GASB’s mission. A candidate for membership on the GASB should be committed to the Board’s mission and to the hard work required to fulfill it. A candidate should understand the role of due process, the need for consensus-building in the promulgation of standards, and a commitment to the goals of the GASB’s strategic plan. The member should believe in the importance of the Board’s work.
Commitment for Part-Time Membership and Term
The GASB meets in Norwalk, Connecticut, approximately nine times each year, generally every six weeks. Meetings are usually held on Tuesday, Wednesday, and Thursday (normally two and a half days, ending at noon on Thursday). A Board member is expected to attend all Board meetings and, therefore, should schedule all other activities so that those activities do not conflict with the Board meeting schedule.
The overall time commitment is considered equivalent to one-third of a full-time position.
The successful candidate will be appointed to an initial five-year term commencing July 1, 2020 and may be eligible for reappointment to an additional term of up to five years.
Additional Salary Information: There is a standard, attractive salary for this part-time position which is payable monthly. Expenses are reimbursed for travel and other out-of-pocket costs directly associated with GASB membership, in accordance with FAF policies.
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