Job Information
Federal Reserve Bank Financial Analyst II/III in Minneapolis, Minnesota
Company
Federal Reserve Bank of Minneapolis
Are you interested in growing within a dynamic and respected organization that respects work-life balance and offers comprehensive benefits?
If so, the Federal Reserve Bank of Minneapolis has the perfect opportunity for you.
The Financial Management Group (FMG) is comprised of Financial Planning and Analysis, Financial Accounting, Accounts Payable, and Procurement. The vision, goals, and objectives of FMG are aligned to support the mission of the Bank to serve the public by pursuing a growing economy and stable financial system that work for all of us.
Our Financial Accounting section is seeking to fill a position for an accounting focused financial analyst. As part of this function, you will support the Bank's monthly accounting processes and lead the preparation of internal and external financial statements, financial analyses, and annual report in compliance with accounting principles.
You will partner with business areas to support their financial accounting processes, monitor and assist with compliance to accounting policy and gather financial information to complete financial reporting in compliance with Federal Reserve System policies. In addition, you will perform critical year-end financial reporting functions and serve as a liaison for the Board of Governors year-end financial reporting initiatives on behalf of FMG.
You will develop broad perspectives on the Bank and System by applying strong communication, accounting, and analytical skills to ensure efficient and effective financial accounting and reporting processes.
The Minneapolis Fed believes in flexibility to balance the demands of work and life while also recognizing the necessity of connecting and collaborating with our colleagues in person. Onsite work is an essential function of this position, and you are expected to be in the office three (3) days per week for meetings and team collaboration.
Please note: There is only one vacancy for this job opportunity, this position is posted at two levels (Financial Analyst II or Financial Analyst III). The candidate will be selected based on the needs of the team and the strength of the candidate pool.
Reporting to the Financial Management Manager, you will:
Prepare and review accurate and timely monthly, quarterly, and annual financial statements, reports, and presentations for senior management, the Bank’s Board of Directors, and the Federal Reserve Board of Governors.
Lead entry level to complex daily financial accounting operations and special projects.
Collect, prepare, enter, analyze, and balance data processed into the appropriate accounting systems in compliance with accounting procedures. Resolve balance discrepancies between financial accounting systems.
Ensure that accounting transactions conform to generally accepted accounting principles, Federal Reserve System's Financial Accounting Manual, cost accounting manual, custody control principles and standards, and Bank policies to ensure the highest level of public confidence and operational integrity.
Prepare the analyses and the writing of the Bank's Annual Financial Statements and Footnotes.
Prepare and bring clear and comprehensive communications, procedures, proposals/recommendations, reports, and presentations for all levels of management, and support training.
Assist management in assessing the effectiveness of internal controls over financial reporting (ICFR) under Auditing Standard No. 5 (AS 5). Lead, or help document control processes and compiling support for testing.
Be a liaison for the Department, Bank, and Federal Reserve System staff and management in resolving complex problems or working on project teams.
Represent FRB Minneapolis on Federal Reserve System accounting-related work groups providing input and feedback into System-wide projects.
Recommend and test financial accounting system enhancement implementations, which may include coordinating activities such as developing plans, completing risk assessments, delegating work assignments, monitoring and reporting progress, training, and preparing necessary communications for a variety of audiences, including senior management.
May provide work direction and training to less experienced staff.
Qualifications for Financial Analyst III:
Bachelor’s degree in accounting, Finance, or related fields, AND 4 years of experience in an accounting or financial analysis-oriented environment.
Experience in communicating accounting concepts and requirements to multiple audiences, including management, and individuals with different knowledge levels.
Experience in preparing quarterly, and annual financial statements, reports, and presentations for senior management
Qualifications for Financial Analyst II:
Bachelor’s degree in accounting, Finance, or related fields, AND 2 years of experience in an accounting or financial analysis-oriented environment.
In addition to meeting the above required years of education and experience, the following qualifications are desired:
Familiarity with Federal Reserve System's Financial Accounting Manual, cost accounting manual, custody control principles and standards.
Experience with Workday, Workiva, SharePoint or similar tool.
Experience with accounting principles, practices, and AS5/COSO control environments.
Strong technical ability using general ledger, spreadsheet and financial reporting applications.
Additional Information:
Salary Range for Financial Analyst II Level: $60,600 -$75,777- $90,900 Annually.
Salary Range for Financial Analyst III Level: $75,600 -$94,496- $113,400 Annually.
Salary offer will be based on qualifications/experience of the candidate, alignment with market data, the needs of the position, our total compensation package, and internal equity.
Our total rewards program offers benefits that are the best fit for you at every stage of your career:
Comprehensive healthcare options (Medical, Dental, and Vision)
401(k) match, and a fully funded pension plan
Paid time off and holidays
Generously subsidized public transportation
Annual educational assistance
On-site fitness facility
Professional development programs, training and conferences
And more…
The Minneapolis Fed is committed to developing a diverse workforce and providing an inclusive environment where all employees are respected and valued. We believe that we can foster development opportunities for all and reach our full potential by recognizing the unique experiences and identities of each of our colleagues. From economists to cash specialists (https://www.minneapolisfed.org/about-us/careers/job-profiles) , we work together to represent you in our economy.
Full Time / Part Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
Yes
Job Category
Accounting/Finance
Work Shift
First (United States of America)
The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.
Always verify and apply to jobs on Federal Reserve System Careers ( https://rb.wd5.myworkdayjobs.com/FRS ) or through verified Federal Reserve Bank social media channels.
Privacy Notice (https://www.kansascityfed.org/documents/7797/Workday_Privacy_Notice.pdf)
OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government.
OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward.
Why Our People Choose Us:
Our reputation precedes us
There will always be room for personal growth
Our people are first
You’ll find the right balance
Your responsibilities will be meaningful
We hope that you will be our future colleague.
Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.