Sr. Accountant-Derivatives and Hedging

Federal Home Loan Bank of Chicago; Chicago (IL); On-site; USD 75,000 - 126,000; Full time

Benefits offered by this job

Buddy Program

Remote days allocation

Tuition reimbursement

Comprehensive benefits

Job summary

Federal Home Loan Bank of Chicago seeks a Senior Accountant to apply accounting principles, analyze financial information and design controls. You will prepare financial statements and reports, and support monthly, quarterly and year-end close with cross-functional partners.

The role emphasizes financial integrity, risk management and budget/forecast support, with CPA/MBA a plus and 2–5 years of experience. Competitiveness includes a comprehensive benefits package and in-office collaboration.

Qualifications

• Bachelor’s degree in Accounting or related field.
• CPA and/or MBA a plus.
• Ability to deal with exceptional issues.
• Analytical problem solver.

Responsibilities

• Compile and analyze financial information to prepare financial statements including monthly, quarterly and annual accounts.
• Ensure financial records are maintained in compliance with policies and procedures.
• Prepare financial management reports and close monthly, quarterly and year end.
• Coordinate the internal and external audit process and support audit readiness.
• Analyze revenues, expenses and budgets to provide insights and recommendations.

Skills

Analytical

Detail-oriented

Communication

Project management

Education

Bachelor's degree in Accounting or related field

Job description

At the Federal Home Loan Bank of Chicago, employees come first - that’s why we offer a highly competitive compensation and bonus package, and access to a comprehensive benefits program designed to meet the needs of our employees.Collaborative, in-office operating modelRetirement program (401k and Pension)Medical, dental and vision insuranceLifestyle Spending AccountCompetitive PTO plan11 paid holidays per yearWho we areOur mission at FHLBank Chicago: To partner with our members in Illinois and Wisconsin to provide them competitively priced funding, a reasonable return on their investment, and support for their community investment activities.Simply said, we're a bank for banks and other financial institutions, focused on being a strategic partner for our members and working together to reinvest in our communities, from urban centers to rural areas. Created by Congress in 1932, FHLBank Chicago is one of 11 Federal Home Loan Banks, government sponsored in support of mortgage lending and community investment.What it’s like to work hereAt FHLBank Chicago, we bring people together. We are committed to a high performing, engaged workforce, and to supporting the communities we serve across Illinois and Wisconsin. Our Buddy Program pairs new hires with tenured employees to guide their onboarding. Our professional development and training opportunities through upskilling, mentorship programs, and tuition reimbursement allow employees to grow their career with us. Our collaborative, in-office operating model brings teams together to foster innovation, connection, and shared success. To support balance and flexibility, employees are provided an allocation of remote days to use as needed throughout the year.What you’ll doThe senior accountant is responsible for applying accounting principles to analyze financial information; designing and ensuringappropriate accounting controls; developing procedures to update financial systems; and, preparing financial reports andstatements.How you’ll make an impactBecome a trusted expert shaping the Bank's derivatives and hedge accounting.Make a visible impact on financial integrity, earnings stability, and risk management.Help transform Accounting Operations by designing smarter processes, controls and reporting.Expand your influence across the Bank by solving complex challenges with cross-functional partners.What you can expectCompile and analyze financial information to prepare financial statements including monthly, quarterly and annual accountsEnsure financial records are maintained in compliance with accepted policies and proceduresPrepare financial management reportsEnsure accurate and timely monthly, quarterly and year end closeResolve accounting discrepancies and irregularitiesContinuous management and support of budget and forecast activitiesFinancial audit preparation and coordinate the audit process with internal and external auditorsEnsure accurate and appropriate recording and analysis of revenues and expensesAnalyze and advise on business operations including revenue and expenditure trends, financial commitments and future revenuesAnalyze financial information to recommend or develop efficient use of resources and procedures, provide strategic recommendations and maintain solutions to business and financial problemsAd Hoc reporting as neededOther duties as assignedWhat you’ll bringBachelor’s degree in Accounting or related field2-5 years of experienceCPA and/or MBA (a plus)Ability to deal with exceptional issuesAnalytical problem solverProcedure drivenAttention to detailAbility to manage projectsShows initiativeStrong communicator with ability to work with all levels of the organizationSalary Range:$75,325.00 - $125,500.00The above represents the expected salary range for this job requisition. Ultimately, in determining your pay, we may also consider your experience, and other job-related factors. In addition to the base salary, we offer a comprehensive benefits package which can be found here: https://hrportal.ehr.com/fhlbc