Senior Manager, Financial Reporting & CFR Leadership

ADP, Inc.; Reston (VA); On-site; USD 143,000 - 235,000; Full time

Job summary

The Federal Home Loan Banks Office of Finance seeks a Senior Manager, Financial Reporting to lead CFR preparation and review, ensuring compliance with SEC rules, U.S. GAAP, FHFA regulations, and industry best practices. You will manage staff and drive timely disclosures.

In this role you will maintain the Financial Reporting System, collaborate with internal teams and external auditors, and provide high-quality service to FHLBanks while upholding our core values.

Qualifications

• Bachelor's degree in accounting or equivalent from an accredited college or university.
• Minimum of 10 years relevant work experience (public accounting and/or SEC/banking/GSE) and designation as a Certified Public Accountant
• Strong technical knowledge of U.S. GAAP, SEC rules and regulations, and banking/GSE industry best practices
• Excellent communication skills, with the ability to articulate technical concepts to diverse audiences
• Proven ability to lead subcommittees or working groups, foster collaborative consensus, and resolve complex reporting matters
• Strong analytical, interpersonal, organizational, project management, and problem-solving skills
• Strong leadership capability, including staff development, coaching, and performance management
• Proficiency with Microsoft Office products and Workiva (Wdata experience preferred)

Responsibilities

• Oversee the preparation and review of the disclosures included in the quarterly and annual CFR and review financial data submitted by the FHLBanks for reasonableness and completeness.
• Create and manage to the agreed-upon timeline for the publication of the quarterly and annual CFR and related press release, including oversight of draft distributions to stakeholders.
• Prepare/review technical research and analysis support that is distributed internally and/or to the FHLBanks regarding various financial reporting and accounting topics, which can include but are not limited to appropriate disclosures related to derivatives, fair value, mortgage-backed securities, credit losses, and affordable housing programs offered by the FHLBanks.
• Manage the assignment of tasks/projects to team members and effectively lead team members on assigned tasks/projects to ensure accuracy, completeness, and timeliness of work performed.
• Evaluate the effectiveness of disclosures and business processes on an ongoing basis and make recommendations and/or implement changes as necessary.
• Lead/co-lead the Standard Combined Financial Statements (SCFS) subcommittee, which serves as a baseline for the annual CFR financial statements and notes, ensuring effective deliberation and timely completion of required deliverables.
• Approve FRS data load requirements and supplemental Excel templates to collect information for disclosure in the CFR, ensuring the requested information meets current financial reporting disclosure requirements.
• Manage communications and data requests to the FHLBanks through a secured internet-based platform (the OF-Hub) and provide customer support to the FHLBank users.
• Serve as a point of contact for S&P/Moodys rating agencies, FHLBanks Council, and the OF investor relations and capital markets teams.
• Perform other duties and responsibilities as assigned, including: coordinating and communicating with external auditors, and the FHFA; working on various projects as needed; and providing customer support and input to various subcommittees and working groups.

Skills

Strong leadership

Analytical skills

Communication skills

Project management

Team leadership

Problem-solving

Education

Bachelor's degree in accounting or equivalent

CPA designation

Tools

Microsoft Office

Workiva (Wdata)

Job description

The Federal Home Loan Banks Office of Finance seeks a Senior Manager, Financial Reporting to lead CFR preparation and review, ensuring compliance with SEC rules, U.S. GAAP, FHFA regulations, and industry best practices. You will manage staff and drive timely disclosures.

In this role you will maintain the Financial Reporting System, collaborate with internal teams and external auditors, and provide high-quality service to FHLBanks while upholding our core values.