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FASB Project Manager






Position Summary:

The primary role of a project manager (PM) is to manage and conduct FASB technical projects from inception to issuance of (proposed) Accounting Standards Updates (Updates). A project manager may also manage and conduct research activities (including pre-agenda research) and other functional activities as assigned by Technical Directors or Assistant Directors.

In carrying out the responsibilities of this position, the Project Manager is expected to (a) plan and meet the project timetable (project plan); (b) provide high quality analysis of issues for the Board; (c) effectively communicate with Board members, staff and constituents; (d) conduct the project in accordance with all required due process activities; and (e) effectively lead, motivate, and develop assistant technical staff assigned to the project.

The Project Manager is responsible for managing and conducting directly the decision-making process at the FASB on the projects he or she is assigned. This requires leadership of ideas, thoughts, recommendation and negotiation with Board members, open-mindedness to consider other points of view, with sensitivity to needs and position. This requires an ability to be persuasive and to work with the Board as a group and individually. The Project Manager is accountable to one or more Technical Directors/Assistant Directors.

Position Responsibilities:


Planning and Completion of Work

  • Develop project plan that reflects necessary research and skills/resources needed to achieve plan.
  • Determine and manage needed research on the project and develop a plan to recommend how it would be implemented.
  • Direct activities of resource groups in making appropriate use of the knowledge and expertise of its members.
  • Complete project in accordance with plan; promptly notify Technical Director/Assistant Director of any possible changes in the scope of the project or any delays in meeting milestones and reasons thereof. Update project plan, project management dashboards, and other tools on a real-time basis and promptly advise Technical Director/Assistant Director of any resource constraints.
  • Comply with project management policies and procedures described in the RTA Reference Manual and Rules of Procedure, including due process and interaction with FAF support functions.

Technical Research and Analysis

  • Prepare and/or oversee the analysis of issues that serve as the basis for Board deliberations. That analysis should be neutral (without bias) and identify possible solutions that are technically and conceptually sound and that reflect consideration of cost/benefit and operationality issues as well as interaction with international accounting standards and other relevant non- GAAP standards (GASB, for example).
  • Communicate that analysis in written materials that are clear, concise, logically organized, and distributed within timeframe allotted.
  • Prepare Board memorandums that reflect (a) in-depth analysis of the issues, (b) a sound conceptual basis, (c) practical solutions, (d) consideration of relevant research on the issues, (e) consideration of the interaction of the issue with other active FASB projects, the Codification, international accounting standards and GASB standards, (f) consideration of the needs of users of financial information; and (g) consideration of benefits and costs of proposed alternative solutions to issues.
  • Ensure that Board decisions are accurately reflected timely in Summary of Decisions reached and minutes to the meetings where the issues were discussed.

Communications

  • Meet with individual Board members and small groups of Board members as necessary to discuss technical issues, reconcile divergent views, defend staff recommendations and answer questions.
  • Effectively lead discussions at Board meetings, education sessions, and various meetings with broad stakeholder groups.
  • Effectively communicate with staff on other projects and on the XBRL taxonomy team to exchange ideas and benefit from each other's experience and expertise.
  • Effectively communicate with constituents, especially working group members, advisory council members, and the SEC staff.
  • Written Board materials should be clear and concise and prepared in accordance with the RTA Reference Manual and Style Guide. Due process documents should be prepared in accordance with RTA Reference Manual and Style Guide.
  • Follow project communication guidelines included in the Reference Manual, for example, keep project management dashboards and project information on the FASB website current.
  • Write articles for publication on current technical issues or FASB technical projects.
  • Answer questions from constituents and the press on current projects as well as documents already issued.
  • Make speeches and prepare speech materials for use by other FASB and FASB staff on technical issues on assigned projects or speeches as a representative of FASB on other FASB projects.

Managing People

  • Lead, motivate, and coach/mentor assigned staff by giving them challenging work that will facilitate their professional growth and utilize their skills to the fullest while achieving the primary goals and objectives of the project.
  • Lead outside researchers/consultants who are working on the project and coordinate research reports.
  • Coordinate and direct administrative staff on aspects of the project dealing with publication of documents and meeting arrangements.
  • Counsel staff and evaluate staff performance on a timely basis to provide them with constructive feedback on their strengths and weaknesses.

Other Accountabilities

  • Maintain a broad knowledge of GAAP (including the conceptual framework) and develop extensive technical expertise in the areas encompassed by technical assignments, including knowledge of international GAAP.
  • Develop an understanding of the XBRL taxonomy and work constructively with the assigned XBRL taxonomy team.
  • Other assignments may include making speeches on technical issues (usually related to assigned project), interviewing technical staff candidates, and assisting with non-technical activities such as strategic planning or professional development.
  • Answer technical inquiries on assigned technical inquiry topics or on topics associated with project activities.


Essential Skills and Experience


Project Management

  • Ability to set and meet deadlines
  • Ability to manage multiple priorities and work under pressure
  • Ability to manage the project and the required due process activities (with support from Directors/Assistant Directors)
  • Ability to motivate and utilize technical staff to the best of their ability
  • Ability to effectively lead meetings with staff, Board members, and constituents
  • Ability to forge and build consensus among Board members (must be able to reconcile divergent views and be innovative).

Technical Knowledge and Analytical Skills

  • Strong working knowledge of the conceptual framework
  • Strong understanding of GAAP (the Accounting Standards Codification)
  • Ability to develop in-depth expertise in areas assigned
  • Ability to analyze problems, identify key issues, develop and explore alternative solutions, and develop a well-reasoned recommendation
  • Good research skills.

Personal Characteristics

  • Strong interpersonal skills necessary to successfully manage and motivate technical and administrative staff individually and as a team
  • Ability to self-assess performance and identify strengths and areas for improvement
  • Strong listening skills
  • Strong oral and written communication skills
  • Clear thinker-able to see the big picture as well as the details
  • Good working relationship with Board members and Technical Directors/Assistant Directors
  • Open-minded of alternative views, able to actively listen to feedback and clearly communicate others' perspectives and views
  • Self-confident and able to defend own views
  • Demonstrates strong commitment to the organization, including a willingness to step outside of technical assignments to take on other initiatives that benefit the organization.

Job-Related Experience Required

  • Minimum of eight years of experience in public accounting and or industry, including experience in managing a team of people. An academic background of equal duration as a professor or a researcher would also qualify if it were supplemented by substantive practical business experience.

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. All Employees are prohibited from engaging in unlawful discrimination. This Policy applies to all terms and conditions of employment, including, but not limited to, hiring, training, promotion, discipline, compensation, benefits, and termination of employment.



Posted
04/26/2022
Salary Range
$76,000.00 - $127,000.00
per Year
Salary range estimated by
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Location
Norwalk, CT, 06851, US