Federal Financial Management Consultant (All Levels) - Washington, DC

Silverthorne Advisory Group•Washington, DC

1d•Onsite

About The Position

The Federal Financial Management Consultant provides beginning-to-end audit remediation and sustainment services to help the Navy to achieve and maintain an unmodified (clean) audit opinion. This role focuses on implementing internal controls, remediating audit findings, and modernizing financial reporting through automation. Silverthorne advises as a business partner, helping clients implement sustainable solutions to leave their organization stronger. They invest in their people through mentorship, guidance, and collaboration, helping them grow their skills and careers. Silverthorne respects and supports employees with resources, competitive salaries, expansive benefits coverage, and an above-industry 401k retirement plan. The company is passionate about its work and enjoys the people it works with, keeping its team small and filling it with bright, talented people who are eager to grow and advance their careers.

Requirements

Familiarity with Federal Regulations: Federal Managers’ Financial Integrity Act (FMFIA), Federal Financial Management Improvement Act (FFMIA), and CFO Act of 1990.
Familiarity with Guidance: OMB Circular A-123 (Management’s Responsibility for ERM and Internal Control), GAO Green Book (Standards for Internal Control), and SFFAS (Statement of Federal Financial Accounting Standards).
Familiarity with Technical Systems: DAF financial and property systems such as Navy ERP (NERP), Advana, and the Audit Response Tool (SharePoint).

Nice To Haves

Analytical Thinking: Ability to perform root cause analysis on financial variances and audit findings.
Problem Solving: Capability to develop innovative solutions for systemic process modernization rather than simple remediation.
Training: Experience in identifying knowledge gaps and developing training materials for government personnel.

Responsibilities

Execute the full annual cycle of the Risk Management and Internal Control (RMIC) program. This includes conducting annual risk-based scoping, performing Test of Design (TOD) and Test of Operating Effectiveness (TOE), and developing Process Cycle Memorandums (PCM) and Control Evaluation Matrices (CEM).
Collaborate with functional leads to develop CAPs for all Notices of Findings and Recommendations (NFR) within six weeks of issuance.
Perform quality reviews of CAPs to ensure they properly remediate conditions identified by Independent Public Accountants (IPA).
Analyze and sustain financial management assertions (accuracy, valuation, existence, completeness, rights/obligations) for assets including Fund Balance with Treasury (FBwT), General Property, Plant, and Equipment (GPP&E), and Inventory.
Develop and maintain a transactional-level audit trail that reconciles to financial statements.
Perform complex reconciliations, including point-to-point and data quality reviews, to ensure population completeness.
Facilitate walkthroughs, prepare key supporting documentation (KSD), and craft position papers for IPAs.
Monitor the status of audit documentation requests to ensure a minimum on-time submission rate of 95%.
Identify opportunities to leverage Artificial Intelligence (AI), Machine Learning (ML), and Robotic Process Automation (RPA) to automate manual reconciliation processes and improve data analysis.