Accountant - Corporate Accounting

at Federal Reserve System in Chicago, Illinois, United States

Job Description

Company

Federal Reserve Bank of Chicago

At 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 Manager 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

Location:

This is a Hybrid position. Your presence will be expected a minimum of two days per week in office.

Other Requirements:

+ 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.

+ 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.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Accounting/Finance

Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. 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.

Privacy Notice (https://www.kansascityfed.org/documents/7797/Workday\Privacy\Notice.pdf)

OUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States-one of the world’s most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government.

OUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward.

Why Our People Choose Us:

Our reputation precedes us

There will always be room for personal growth

Our people are first

You’ll find the right balance

Your responsibilities will be meaningful

We hope that you will be our future colleague.