Financial Control Officer (EXEMPT)

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Reporting to the CFO, the Financial Control Officer is a government accounting professional based in the US Virgin Islands Department of Licensing & Consumer Affairs on St. Croix. The role ensures financial integrity through strong internal controls and compliant reporting while guiding budgeting, forecasting, and multi-year planning. Core duties include managing budgeting, purchasing, accounts payable, reconciliations, internal audits, and supervising staff to ensure policy adherence and cost savings. Qualifications: a bachelor’s degree in accounting or finance with 18 credits in accounting/finance and three years of relevant experience, or a high school diploma with 18 credits and seven years. Proficiency in Microsoft Office and the ability to work with policymakers are essential. Apply by tailoring your resume to government accounting, citing the Accounting Manual, and highlighting quantified process improvements.

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Posting number: 201905403

Department: |Department of Licensing & Consumer Affairs- STX|

Job classification: Financial Control Officer

Posting type: Open

Categories: Financial Aid & Services

Summary

Under the general direction of the Chief Financial Officer (CFO), the Financial Control Officer is responsible for ensuring the financial integrity of the organization by managing control processes that ensure compliance with legal regulations, accounting standards, and internal policies, while identifying opportunities for cost savings and efficiency improvements.

The Financial Control Officer manages financial controls and processes to ensure accuracy, transparency, and adherence to financial reporting standards. This role manages financial reporting, monitors internal controls, and supports budgeting, forecasting, and strategic financial planning.

This position requires a confidential relationship with a policymaker.

Examples of duties

Manages the unit financial affairs including budgeting, purchasing, accounting, accounts payable, reconciliation, and internal audits.

Participates in establishing strategic direction of the unit for the delivery of efficient financial services.

Conducts in-depth analysis of complex accounting issues, assesses their impact on the unit, and recommend solutions.

Projects the financial impacts of decisions related to department operations.

Prepares and engages in multi-year financial planning activities.

Monitors and analyzes expenses and activities, identifying and solving potential or existing financial problems.

Monitors and supervises subordinate staff to ensure compliance with the federal and local policies and the department's rules and regulations.

Ensures subordinate staff maintains control over cash receipts, deposits, and disbursements in accordance with departmental rules and regulations.

Ensures timely reconciliation of all accounts.

Reviews budgets and reports from the various operating units and prepares data for the Director's approval.

Supervises the maintenance of expenditure and budgetary controls, preparing necessary reports on accounts status.

Prepares reports by collecting, analyzing and summarizing information.  

Maintains financial records and documentation of accounting activities.

Develops work plans and timelines to ensure timely submission of financial and accounting reports.

Perform other related duties as required.

Qualifications

Bachelor’s Degree in Accounting, Finance, Business Administration, or any related field with eighteen (18) credits in accounting and/or finance from an accredited college or university and three (3) years of experience in accounting, general ledger, bookkeeping, or a closely related field.

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High School Diploma or its equivalent, supplemented by at least eighteen (18) credits in accounting and/or finance from an accredited college or university and seven (7) years of experience in accounting, general ledger, bookkeeping, or a closely related field.

Supplemental information

FACTOR 1- KNOWLEDGE REQUIRED BY THE POSITION
Knowledge of the laws, rules and regulations and policies and procedures governing fiscal management in the Government of the Virgin Islands.
Knowledge of accounting principles and methods.
Knowledge of the Accounting Manual procedures for the Government of the Virgin Islands.
Knowledge and principles of office procedures and practices as they apply to government operations.
Knowledge of computer applications.
Skill in problem-solving and critical thinking.
 Skill in research, analytics, planning and organization.
Ability to interpret and apply administrative policies, rules and regulations.
Ability to plan, organize and supervise the work of an accounting staff.
Ability to use bookkeeping principles and methods in tracing a variety of control accounts and other related transactions.
Ability to effectively use Microsoft Office Suite (Word, Excel, PowerPoint, Access, Vision, and Outlook) with high proficiency in MS Word, Excel, and PowerPoint.
Ability to speak and write clearly and concisely.
Ability to work independently and inter-personally in teams.

FACTOR 2- SUPERVISORY CONTROLS
Work is supervised by the Chief Financial Officer or designee who gives general instructions and reviews work for compliance and adherence to established guidelines, policies and procedures, and standard regulations.

FACTOR 3- GUIDELINES  
Guidelines include the laws, rules and regulations, and policies and procedures governing fiscal management in the Government of the Virgin Islands (GVI).

FACTOR 4- COMPLEXITY
Work involves a wide range of projects in support of the agency fulfilling its mandate to ensure accuracy, transparency, and adherence to financial reporting standards. Incumbent is expected to exercise judgment and independence within the major duty areas.

FACTOR 5- SCOPE AND EFFECT
The purpose of work is to provide financial management and accountability through the proper financial planning and interpreting local and federal policies and programs functionality.

FACTOR 6- PERSONAL CONTACTS
Contacts are supervisor(s), employees of government and other administrative officials within and outside of the organization surrounding all financial matters, and vendors.

FACTOR 7- PURPOSE OF CONTACTS
Contacts are made to implement various financial policies within the agency via telephone, meetings, conferences, and written correspondence.

FACTOR 8- PHYSICAL DEMANDS
Work is primarily sedentary, including some walking, standing, climbing, bending, and carrying of light objects as required.

FACTOR 9- WORK ENVIRONMENT
Work is performed in an office setting