Accountant - Corporate Accounting

Federal Reserve System • Chicago, IL

3d • $71,700 - $84,800 • Hybrid

About The Position

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.

Requirements

• Minimum 1 year of relevant work experience.
• Bachelor’s degree in Accounting or related field required.
• 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.
• 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.

Nice To Haves

• Familiarity with Enterprise Resource Planning (ERP) or other accounting software a plus.

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.

Benefits

• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level