Accountant

Federal Reserve Bank of Boston; Boston (MA); On-site; USD 68,000 - 101,000; Full time

Job summary

Federal Reserve Bank of Boston is seeking an Accountant to support the Accounting Department. The position will be primarily on-site with residency commutable to one of our offices required.

You will prepare, analyze and record accounting entries for accruals, assets, expenses, payables and receivables, and assist with year-end reporting. A Bachelor’s degree in accounting or finance and at least 2 years of accounting experience are required.

Qualifications

• Bachelor’s degree with an accounting or finance concentration.
• 2+ years of accounting work experience.
• Strong knowledge of financial accounting principles and concepts.
• Strong analytical and problem-solving skills.
• Exemplary stakeholder focus.
• Collaborative team player.
• Excellent written and oral communication skills.
• Solid time management abilities; deadline-driven work style.
• Good attention to detail.

Responsibilities

• Ensure compliance with the Financial Accounting Manual for designated account balances and related policies.
• Prepare, analyze and record accounting entries for accruals, assets, expenses, payables, receivables, and P2P processes.
• Interact with stakeholders on accounting, compliance matters, and issue resolution.
• Reconcile general ledger accounts and balance daily ledger activity.
• Perform basic accounting research and document the accounting treatment.
• Prepare financial reports and schedules for management as required.
• Analyze and reconcile Workday and EASy data as required.
• Compile data and assist in year-end financial reporting and statements.

Skills

Analytical skills

Stakeholder focus

Team player

Communication skills

Time management

Attention to detail

Education

Bachelor's degree in accounting/finance

Tools

Workday

EASy

Job description

Federal Reserve Bank of Boston

Accountant

A leading candidate has been identified however; other applicants will be considered.

The position will be primarily on-site with residency commutable to one of our offices required.

This position is responsible for handling a diverse range of assignments in support of the Accounting Department of the Federal Reserve Bank of Boston under general supervision. This position requires maintaining knowledge of core accounting concepts and in-depth knowledge of financial accounting applications such as Workday and EASy (an in-house application).

Responsibilities

• Primary responsibility for ensuring compliance with the Federal Reserve’s Financial Accounting Manual for designated account balances. Additionally, ensure compliance with relevant financial accounting procedures, discretionary expenditure policies, and Bank specific accounting policies.
• Prepare, analyze and record accounting entries for accruals, asset management transactions, benefits, expenses, accounts payable, accounts receivable, tenant billings, procure to pay (P2P) processes and other functional areas in accordance with the Bank’s financial accounting principles, as applicable
• Directly interact with stakeholders on matters relating to financial accounting, compliance policies, etc., and troubleshooting issues
• Reconcile general ledger accounts and perform daily general ledger balancing to ensure general ledger account information is accurate
• Perform basic accounting research, as required, and document the accounting treatment.
• Prepare financial reports and schedules for management, as required.
• Analyze and reconcile transactions and data from Workday and EASy, as required
• Compile data and assist in financial reporting activities, including year-end processes and financial statement preparation
• Work with the Bank’s shared services center (as needed) to ensure invoices and expense reports are properly reviewed and approved.
• Ensure application of the Federal Reserve Bank’s internal control environment
• Review financial data to ensure compliance with accounting rules, internal and external policies and procedures
• Assist with internal, external audits and reviews by the Board of Governors by providing documentation and supporting data
• Provide assistance and guidance to departments in the P2P cycle and on applications such as EASy, Workday, etc.
• Participate in Systemwide workgroups, as requested

Knowledge And Experience

• Bachelor’s degree with an accounting or finance concentration
• 2+ years of accounting work experience
• Strong knowledge of financial accounting principles and concepts
• Strong analytical and problem-solving skills
• Exemplary stakeholder focus
• Collaborative team player
• Excellent written and oral communication skills
• Solid time management abilitiesDeadline driven work style
• Good attention to detail

The salary range for this position is $67,500.00 - 84,400.00 - 101,300.00. The Boston Fed believes in salary transparency. The final salary and offer will be determined by the applicant’s background, skills, internal equity, and alignment with market data. Whether you’re developing into the job or are a more seasoned candidate, we aim to pay competitively.

As a condition of employment, all Federal Reserve Bank of Boston employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning financial interests – such as stocks or bonds – from banks, savings associations, and systemically important financial institutions or their affiliates, such as bank holding companies or savings and loan holding companies. If you, your spouse or domestic partner, or your minor child own such assets and would be unwilling or unable to divest them if you were to accept a job offer, you should raise this issue with our recruitment team. Applicants should review the Bank's Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.

All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years. All candidates must undergo an enhanced background check and comply with all applicable information handling rules.

The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

No

Job Category

Accounting/Finance Family Group

Work Shift

First (United States of America)

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.