Internal Revenue Agent (Employee Plans Agent)

Summary

WHAT IS THE TAX EXEMPT & GOVERNMENT ENTITIES DIVISION? A description of the business units can be found at: https://www.jobs.irs.gov/about/who/business-divisions Position(s) are to be filled in following area(s): TEGE - Employee Plans - Employee Plans, Examinations | Pacific Coast, Gulf Coast, Great Lakes, Mid-Atlantic, and Northeast Area

Duties

The following are the duties of this position at the full working level. If this vacancy includes more than one grade and you are selected at a lower grade level, you will have the opportunity to learn to perform these duties and receive training to help you grow in this position. Analyzes determination letter applications with accompanying information and applies technical tests to verify that a pension, profit sharing, and stock bonus plans' governing document satisfies Internal Revenue Code and other regulatory provisions. Performs on-site audits of returns filed in connection with the above plans. Reviews operating mechanics, observes practices and procedures such as payroll and internal control systems, operational compliance with the governing plan document and IRC, regulatory and other IRS guidance, etc. Considers probable effects of contributions and benefits and ensures that participating employees are receiving their proper benefit without discriminating in favor of highly compensated employees and that the sponsor's contributions are in compliance with the plandocument, the Internal Revenue Code and applicable regulations. Discrimination analysis includes coverage and elective deferral testing and correction methods required if the plan is non-compliant with its document or statutory and regulatory provisions. STANDARD POSITION DESCRIPTIONS (SPD): PD23460 and PD23459 Visit the IRS SPD Library to access the position descriptions.

Qualifications

Federal experience is not required. Experience may have been gained in the public sector, private sector or through Volunteer Service. One year of experience refers to full-time work; part-timework is considered on a prorated basis. To ensure full credit for your work experience, please indicate dates of employment by month/day/year, and indicate number of hours worked per week, on your resume. QUALIFICATION REQUIREMENTS: To qualify for this position, you must meet the qualification requirements outlined below: BASIC REQUIREMENTS All GRADES (ALSO MEETS GRADE 5 QUALIFICATIONS): A Certificate as a Certified Public Accountant (CPA) or a bachelor's or higher degree in accounting that included at least 30 semester hours in accounting or 24 semester hours in accounting and an additional 6 semester hours in related subjects such as business law, economics, statistical/quantitative methods, computerized accounting or financial systems, financial management, or finance. OR A combination of education and experience equivalent to 4 years that that included courses equivalent to a major in accounting, i.e., at least 30 semester hours in accounting or 24 semester hours in accounting and 6 semester hours in related subjects as described above, in combination with appropriate experience or additional education. Specialized Experience GS-07: In addition to the basic requirements, you must have 1 year of Specialized Experience at a level of difficulty and responsibility equivalent to the GS-05 grade level in the Federal service. Specialized experience for this position includes: Experience in or related to accounting or auditing that provided the specific knowledge, skills and abilities needed to successfully perform the duties of the position. Qualifying experience may have been in accounting, auditing, tax, financial, legal, or other work that required the knowledge and skill described above to sufficiently demonstrate: 1) knowledge of and skill in applying the principles, concepts and methodology of professional accounting and related fields and 2) skill in communicating and dealing effectively with others. Examples of qualifying experience may include the following: (This list is not all inclusive) Experience working in an accounting, auditing, or legal environment where I advised others on tax liability, conducted an analysis of their financial condition and related operations, provided tax law or accounting assistance, or made determinations on liability for Federal taxes. Experience advising clients on financial plans, tax and investment strategies, securities, insurance, pension plans, and real estate, which included assessing assets, liabilities, cash flow, insurance coverage, tax status, and financial objectives. Experience in commercial or investment banking conducting evaluating and analyzing complex financial statements, cash flows, revenue streams, revenue projections, inventory analysis, accounts receivable aging and analysis, assets, debt coverage ratios, industry peer ratios, corporate structure and ownership, tax to financial statement reconciliations, financial transactions (customer and account activity) including Wire Transactions, Credit Card Transactions/Payments, Checks, Cash, Non-cash Monetary Instruments, Remote Deposit Capture, and Trade Based Money Laundering, and preparing written reports of questionable activity. Experience in an accounting environment that involved importing and reviewing payroll, running reports, conducting reconciliations, making adjustments and reclassifications, preparing accounting reports for annual audits, and preparing quarterly tax filings. Experience in a position that involved researching records, investigative techniques, bookkeeping and/or staff accounting. Experience as a small business owner that included establishing budgets, managing financial assets, using automated accounting or manual bookkeeping systems, filing necessary employment and/or tax forms, and reconciling financial transactions or accounts associated with the business. Budgeting or financial management experience that required formulating, managing, and executing budgets, analyzing financial reports, disbursing funds, and reconciling accounts in or on behalf of a business. Experience processing and handling financial transactions analyzing credit data and financial statements on individuals, or in collecting information necessary to complete a financial application for loan processing, insurance claims, credit application, or other process requiring an individual's financials. Experience in an administrative, technical, para-professional, or supervisory position that included supporting accounting, auditing, tax administration, financial management, or related program operations through responsibilities such as maintaining financial records, analyzing data, preparing reports, reconciling accounts, or interpreting policies and procedures. OR Candidates must complete one (1) full year of graduate level education in a field of study such as accounting, business law, economics, statistical/quantitative methods, computerized accounting or financial systems, financial management, or finance. OR Superior Academic Achievement may be met by having a Bachelor's degree, with one of the following: A GPA of 2.95 or higher on a 4.0 scale for all completed undergraduate courses or those completed in the last 2 years of study, or a GPA of 3.45 or higher on a 4.0 scale for all courses in the major field of study or those courses in the major completed in the last 2 years of study, or rank in the upper one third of the class in the college, university, or major subdivision, or membership in a national honor society recognized by the Association of College Honor Societies. In order to be creditable under this provision, superior academic achievement must have been gained in a curriculum that is qualifying for the position to be filled. OR An equivalent amount of combined education and experience as described in paragraphs above. AND You must also meet the following requirement(s): TIME AFTER COMPETITIVE APPOINTMENT (TACA): Current civilian employees mu