These positions are located within the Division of Resolutions and Receiverships, Financial Services and Technology of the Federal Deposit Insurance Corporation and serve as specialists responsible for supporting, planning, organizing and implementing all domestic and international tax compliance duties of failed banks placed in an Federal Deposit Insurance Corporation (FDIC) receivership.  

Duties

Serves as a specialist responsible for planning, examining, operating, analyzing, organizing and implementing all domestic and international tax compliance duties of assigned failed banks placed in an FDIC receivership. Ensures compliance with domestic and international requirements regarding various payroll tax and informational tax returns; confirms all tax-filing requirements for the failed institution are met by statutory deadlines. Identifies, contacts and develops external relationships with governmental agencies, civic associations, trade associations, small business organizations, and other stakeholder relationships. Requests administrative rulings from taxing authorities and federal and state regulators that benefit failed bank receiverships; conducts research and consults with outside tax professionals to resolve technical tax issues. Represents DRR at bank closings to ensure the bank’s domestic and international tax compliance continues efficiently post-failure; and reviews closed institution transactions to determine applicable tax ramifications. Accumulates, analyzes, and processes financial accounting data in order to prepare tax returns, estimated tax payments, forecasts and financial accounting estimates of tax. Prepares and files federal, state and local tax returns for corporations dealing with partnership and individual tax issues as well as the ability to navigate international tax compliance obligations. Analyzes failed bank’s tax situation and recommends best strategies to incorporate for maximizing the recovery of tax refunds. Ensures Internal Revenue Service (IRS) and state audits are timely and efficient; and takes audit issues to Appeals when appropriate. Provides technical documentation, attends mediations and settlement conferences, and acts as an expert witness at trials and depositions to support the FDIC Legal division during tax litigation. Provides tax-consulting services to FDIC personnel, failed bank stakeholders, and outside CPA firms. Presents written and oral presentations on tax matters to a variety of audiences within and outside of the FDIC.

Requirements

Qualifications

Qualifying experience may be obtained in the private or public sector. 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 volunteer experience. Additional qualifications information can be found here. Basic Qualifications:  In addition to the specialized experience below, applicants must meet the following basic requirements: Degree: accounting, auditing, taxation, business administration, law, or a degree in a related field such as economics, finance, or public administration. OR Combination of education and experience: 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. The applicant's background must also include one of the following: Twenty-four semester hours in accounting or auditing courses of appropriate type and quality. This can include up to 6 hours of business law; A certificate as Certified Public Accountant or a Certified Internal Auditor, obtained through written examination; or 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 of paragraph A, provided that (a) the applicant has successfully worked at the full-performance level in accounting, auditing, or a related field, e.g., valuation engineering or financial institution examining; (b) a panel of at least 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 described in paragraph A; and (c) except for literal nonconformance to the requirement of 24 semester hours in accounting, the applicant's education, training, and experience fully meet the specified requirements. To qualify, applicants must have completed at least one year of specialized experience equivalent to at least the CG-12 grade level or above in the Federal service. Specialized experience is experience performing tax duties, including (1) the review or preparation of income tax returns, claims for refund, payroll and informational tax returns; (2) involvement with income tax audits by federal, state, or local governmental agencies; (3) conducting tax research; and (4) applying tax law. Applicants MUST submit academic transcripts as proof of meeting the qualifying educational requirements. Because specific course work is required, applicants MUST submit transcripts from each academic institution in which the required courses were taken in order to receive credit for that course work. See the Required Documents section for submitting necessary proof. Failure to submit sufficient academic documentation necessary to demonstrate the educational requirements will result in an application being deemed incomplete and removal from further consideration is possible.  YOU MUST PROVIDE YOUR TRANSCRIPT(S) (unofficial copy is acceptable).

Education

See requirements stated under QUALIFICATIONS.

Contacts

• Address Federal Deposit Insurance Corporation FDIC Human Resources Branch 3501 Fairfax Drive HRB (PA-1730-5007) Arlington, Virginia 22226 United States
• Name: Abolade Thomas
• Phone: 415-808-7934
• Email: [email protected]