Sr Manager Financial Reporting

Federal-Home-Loan-Banks-Office-of-Finance; Reston (VA); On-site; USD 120,000 - 180,000; Full time

Job summary

Federal Home Loan Banks Office of Finance in Reston, VA seeks a Senior Manager, Financial Reporting to manage the preparation and review of CFRs, ensure compliance with SEC regulations and FHFA requirements, and lead a team through complex reporting processes.

You will oversee disclosures, coordinate timelines for CFR publication, and stay current on regulatory guidance while driving process improvements.

Responsibilities

• Oversee the preparation and review of CFR disclosures and ensure data reasonableness and completeness.
• Manage the timeline for quarterly/annual CFR publication and press release distributions to stakeholders.
• Prepare/review technical research on financial reporting topics (derivatives, fair value, MBS, credit losses, housing programs).
• Assign tasks to team members and lead them to ensure accuracy, timeliness of work.
• Evaluate disclosures and processes; implement changes as needed.
• Lead the SCFS subcommittee to finalize baseline CFR statements and notes.
• Approve the Financial Reporting System (FRS).

Job description

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Regular Full-Time Reston, VA, US

Federal Home Loan Banks Office of Finance

Position Description

Date: September 2026

Department:Finance FLSA: Exempt

Reports To:Director, Financial Reporting

Summary of Position

The primary responsibility of the Senior Manager, Financial Reporting is to manage the preparation and review of the Federal Home Loan Banks’ (FHLBanks) annual and quarterly combined financial reports (CFR), which includes managing several staff members. Although the CFRs are not filed with the SEC, the Federal Housing Finance Agency (FHFA) regulations require the scope, form, and content of the disclosures to be consistent with the requirements of SEC Regulations S-K and S-X. Therefore, the Senior Manager, Financial Reporting is responsible for keeping current on SEC rules and regulations, U.S. GAAP, FHFA regulations, and banking/GSE industry best practices. The Senior Manager, Financial Reporting is responsible for reviewing technical research and analysis regarding financial reporting questions and leading/participating in various subcommittees and working groups to implement or resolve system-wide financial reporting related matters, while providing a high level of customer service to the FHLBanks. The Senior Manager, Financial Reporting will maintain a strong financial reporting control environment. The Senior Manager, Financial Reporting will also assist in maintaining and updating the Financial Reporting System (FRS) and the FRS Data Instruction Manual, as needed.

We’re proud of the way our teammates have a positive impact on everything we do. Our employees are committed to and exemplify our Core Values:

• Integrity through accountability, consistency, transparency and trust
• Agility through adaptability, continuous improvement, expertise, and flexibility
• Partnership through collaboration, communication, leadership, and teamwork
• Inclusivity through diversity, relationships, respect, and support

Principal Accountabilities:

• 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