Financial Planning & Analysis Associate

Company

Federal Reserve Bank of Philadelphia

The Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System.

It helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government.

The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware.

Reporting to the Manager of Financial Planning and Analysis, you will help to develop and maintain the Federal Reserve Bank of Philadelphia’s Bankwide and departmental budgets and outer year forecasts for expenses, capital, and staffing.

Perform regular financial analyses to allow Bank senior management and major operating departments to perform financial projections, "what if " scenarios, and automated input/output of budget data.

Help develop one or more segments of the Bankwide budget and perform analyses of Bank's financial plans, policies, and performance.

Help to address and resolve financial planning issues and ad hoc requests.

What You Will Do:


* Perform different analyses of comparative expenses, trends, or variances, working with appropriate partners throughout the Bank and federal reserve system.

Help prepare FRB Philadelphia’s annual budget and multiyear forecast and perform analyses, collect and interpret data, and create presentations.


* Prepare monthly financial reviews by analyzing Bank expenses, population, volumes, and ANP.

Prepare presentations for officers and Board of Directors meetings related to the Bank's budget.


* Maintain and coordinate multiple department budget models.

 



* Ensure that all automated reports are well documented by reviewing and updating data.


* Help create new tools, presentations, and data models following the FRS implementation of new finance and budgeting applications, Workday and Adaptive Planning.  Help create process efficiencies and data visualization tools for the group’s several deliverables.

 



* May also support areas of cost accounting and asset management.


* Fulfill job responsibilities in conformance with sound safety practices.

What You Have:

Knowledge:


* Knowledge of Microsoft Office (Word, Excel, PowerPoint)


* Data analysis using spreadsheet applications


* Effectively express information clearly through writing and speaking 


* Demonstrated analytical, problem solving, and organizational skills.

Education and Experience:

Bachelor's degree and 1 year work experience; additional work experience may be accepted in lieu of degree.

Minimum 1 year work experience in relevant position

The salary grade for this position is: (Grade 10)

Final salary and offer will be determined by the applicant’s background, experience, and skills, and internal equity and alignment with market data....