Accounting Associate

This position is responsible for supporting the Bank’s external and internal reporting function. The position is responsible for performing General ledger and sub-ledger proofs and reconcilements, as well as the preparation of journal entries. The individual will work on various projects and support the financial accounting team as needed.

Essential Job Functions:

• Contribute and assume responsibility for the preparation/review of sections of the periodic SEC filings (10-Qs, 10-Ks, etc.) including the preparation of detailed supporting work papers.
• Produce financial statements and support for Management’s Discussion and Analysis of Financial Condition and Results of Operations (MD&A) in the 10-Q/K.  Responsible for inputs into the monthly Cash Flow Statement.
• •Coordinate with various SMEs to provide information required for disclosures.
• Support the development and implementation of policies and procedures relating to SEC reporting and internal controls over financial reporting.
• Understand new accounting pronouncements and implement operationally.
• Own the booking of monthly post-retirement journal entries and disclosures. Liaise with the bank’s benefits team.

Other External Reporting

• Preparation of financial information and reports to the Office of Finance and the FHFA. Implement enhanced reporting as specified by the FHFA.
• Monitor, understand and implement FHFA regulations pertaining to financial reporting.
• Work closely with the financial reporting staff of the Office of Finance.
• Work with the outside auditors, FHFA examiners and Internal Auditors.
• Prepare data as needed for audits and reviews.

Internal Reporting

• Prepare support for investor relations and review of financial information included in the earnings release for publication of the Bank’s website information.
• Prepare monthly letter and schedules for submission to Board of Directors.

Compliance 

• Prepare and maintain accounting records and reporting in conformity with SOX requirements, including the associated reference documentation on assigned processes and controls.

Other Duties:

• Initiate enhancements to current information systems and processes. 

Skills and Experience:
Minimum three years accounting experience, preferably with a mix of public and private experience in banking or financial services with an emphasis in Financial

Reporting.  

Strong Spreadsheet skills, ability to review U.S. GAAP financial statements; ability to research, understand and translate GAAP pronouncements into the preparation of journal entries. Strong skills in preparing complex data analysis and complex reconciliations. 

The individual must have strong organizational, analytical, critical thinking and problem-solving skills; must be able to balance multiple tasks and priorities and have outstanding work ethic and sense of urgency; must be a self-starter and learn/work independently.

Education: Bachelor’s degree in accounting and CPA is preferred but not required.

Salary Range:  $85,000 to $115,000

Skills:

Salary : $85,000 - $115,000