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Division of Investment Management’s Chief Accountant is Seeking Candidates for 2018 Professional Accounting Fellow Positions

Feb. 14, 2018

The SEC's Division of Investment Management’s (IM) Chief Accountant’s Office (CAO) is accepting applications for Professional Accounting Fellow (PAF) positions that will begin in the summer or fall of 2018. The IM PAF program is designed to provide participating fellows with outstanding opportunities for public service, personal development, and career advancement. During the two- to three-year term of the fellowship, the successful candidates may lead and participate in teams assigned to study and develop rule proposals under the federal securities laws; liaise with accounting, auditing, and other professional standard-setting bodies; and consult with public companies and auditors on accounting, auditing, and reporting matters.

CAO is seeking candidates who can draw upon their significant experience in auditing the financial statements of, consulting with, or working for investment companies registered under the Investment Company Act of 1940 (“1940 Act”) and/or registered investment advisers regulated by the Investment Advisers Act of 1940 (“Advisers Act”) to exhibit an understanding of and an ability to succinctly explain policy or practice matters affecting investment companies that are associated with the analysis, application and/or implementation of any of the following:

  • Accounting standards and disclosure requirements applicable to investment companies, including specialized knowledge of Accounting Standards Codification Topic 946: Investment Companies;
  • Auditing and quality control standards and policies in the audits of the financial statements of investment companies, including development and implementation of audit policy and methodology; auditing estimates, including fair value; auditor independence; and advancing the use of technology and data to improve audit quality.
  • Regulatory requirements of the 1940 Act for registered investment companies and rule 206(4)-2 of the Advisers Act for registered investment advisers.

Candidates must be U.S. citizens or non-U.S. citizens lawfully admitted for permanent residence and actively seeking U.S. citizenship at the date of hire to be eligible to begin employment as a PAF.

Applicants are required to submit the following:

  • A resume; and
  • At least two letters of recommendation from non-relatives.

Applicants are required to submit these items on or before Thursday, March 15, 2018 to the Division of Investment Management, Chief Accountant’s Office, U.S. Securities and Exchange Commission, 100 F Street, NE, Washington, D.C., 20549. We prefer that applicants email the materials to and with “IM PAF Application” in the email subject line.

For United States veterans, in order to receive credit for military service you must indicate dates of service on your resume and provide proof of veteran status (DD-214, Member Copy 4 or other documentation containing dates of service and character of discharge). Disabled veterans and other applicants eligible for 10-point Veteran's Preference please include documentation to validate your claim (VA letter, SF-15, etc.).

In considering all applications, the Commission’s policy of affording equal employment opportunity to all eligible applicants will be followed.

Inquiries about IM’s PAF program may be addressed to the attention of Alison Staloch, IM Chief Accountant, at (202) 551-6273 or

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