Accountant - Corporate Accounting

Federal Reserve Bank of New York; Chicago, Northern (IL, KY); Hybrid; USD 72,000 - 85,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

401(k) retirement plan

Paid time off

Transit benefit

Onsite gym

Cafeteria subsidy

Job summary

Federal Reserve Bank of Chicago is seeking an Accountant for the Corporate Accounting and Compliance team. The role involves daily accounting activities, journal entries, reconciliations, and GAAP adherence within a hybrid work model.

You will assist with SOX/COSO compliance and partner with various departments to ensure accuracy and timely financial reporting. The ideal candidate has at least 1 year of relevant experience, a Bachelor’s degree in Accounting, and strong analytical, communication,

Qualifications

• Bachelor’s degree in Accounting or closely related field.
• 1+ year of relevant work experience.
• Familiarity with GAAP and FAM guidelines.
• Experience with ERP and accounting software is a plus.
• Strong analytical and problem-solving abilities.
• Excellent communication and time-management skills.

Responsibilities

• Perform general accounting activities including ledger maintenance and reconciliation.
• Prepare monthly, quarterly, and ad hoc journal entries and reports.
• Ensure GAAP and Federal Reserve policies are followed.
• Support SOX/COSO compliance activities.
• Collaborate with cross-functional teams to ensure accurate transactions.

Skills

GAAP knowledge

Analytical thinking

Problem solving

Communication skills

Time management

Attention to detail

Familiarity with FAM

ERP familiarity

Microsoft Excel

Financial reporting

Education

Bachelor’s degree in Accounting

Tools

ERP software

Microsoft Excel

Microsoft Word

PowerPoint

Job description

## Accountant - Corporate AccountingApply: Chicago, IL: Full time: Posted Yesterday: End Date: October 10, 2026 (8 days left to apply): R-0000033456## **Company**Federal Reserve Bank of ChicagoAt the Chicago Fed, we are guided by our mission to strengthen the economy and our communities. We take great pride in our work and how we contribute to the Fed's mission. When you join our team, you will become part of a culture that welcomes differences, cares about our communities, and empowers each other to pursue our work interests and career goals.The Finance Department has an immediate opening for an Accountant on the Corporate Accounting and Compliance team. Working with a small team of Accountants, you will support general accounting and compliance related tasks at the Chicago Fed. You will be responsible for daily accounting activities, researching solutions for proper accounting treatment, with a goal of ensuring accuracy and timeliness of the execution of your operational tasks. You will report to the Accounting Supervisor within the Corporate Accounting and Compliance Team. You will work on a hybrid model.**Your Responsibilities:*** Under limited supervision, perform general accounting activities including the preparation, maintenance, reconciliation of ledger accounts and financial statements.* Prepare monthly, quarterly, and ad hoc journal entries and general accounting tasks. Help identify and address discrepancies and irregularities and implement solutions as appropriate.* Perform a variety of routine and moderately complex review functions, ensuring compliance with Generally Accepted Accounting Principles (GAAP) standards, Federal Reserve policies, and best practices.* Assist with compliance functions including supporting the Bank’s SOX/COSO area.* Participate in daily assignments and cross-functional workgroups, as applicable, partner with other departments and Districts to ensure shared transactions/processes are completed accurately and timely, communicate effectively with all partners to ensure transactional integrity and issue resolution.* Build relationships with internal business stakeholders and participate in regular touchpoints with business areas.* Prepare, review, and analyze accounting records, and other financial reports.* Perform other duties as assigned or requested.**Your Background:*** Minimum 1 year of relevant work experience.* Bachelor’s degree in Accounting or related field required.* Familiarity with Enterprise Resource Planning (ERP) or other accounting software a plus.* Knowledge of and ability to interpret and apply Financial Accounting Manual (FAM) guidelines and Generally Accepted Accounting Principles (GAAP)* Analytical and problem-solving ability appropriate for subjects and issues of moderate complexity* Acute attention to detail with a high degree of data accuracy and integrity* Strong oral and written communication, ability to work on required information and concepts with people at all levels of the organization* Strong interpersonal skills and ability to work with people at all levels of the organization* Proficient computer skills including Microsoft Outlook, Word, Excel, and PowerPoint, along with several other software applications as needed for the role* Ability to provide accurate training and guidance on financial compliance and use of accounting/financial tools* Strong time management skills, ability to organize your time appropriately.**What we offer:*** Comprehensive benefits package includes medical, dental, vision, prescription drug coverage, 401k savings plan, retirement plan, paid time off, transit benefit, onsite gym and subsidized cafeteria* A continuous learning environment with opportunities to gain new skills and grow your career* The Chicago Fed offers benefits to support overall health and financial security. Learn more about our benefits here: https://www.chicagofed.org/careers/thebenefits**Location:** In office posture: This role is expected to be on-site in the Chicago office.**Other Requirements:*** Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.* As a condition of employment, Federal Reserve Bank of Chicago employees must comply with the Bank’s ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting, who can provide you contact information for our ethics official if necessary.* The expected starting salary range for this position is between $71,700 and $84,800 annually in addition to annual performance-based discretionary bonuses. Final salary and offer will be determined based on the applicant’s relevant experience, skills, internal equity, and alignment with geographic and other market data.* Always verify and apply to jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels.* This document indicates the general nature and level of work performed by employees within this position. It is not a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. An employee's responsibilities, tasks, and duties might differ from those outlined in the job description, and other duties, as assigned, are a part of the job. The Federal Reserve Bank of Chicago reserves the right to modify the elements of this job description, as business needs require.*We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status.*