LEAD ACCOUNTANT

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.

Job Summary:
Reporting to the Senior Accounting Manager, you will be accountable for the preparation and accuracy of annual financial statements and footnotes for publication in the annual report, supporting information for the CFO’s presentation of financial information to the audit committee, monthly financial reports and supporting schedules.

including all aspects of benefit accounting.

You will perform accounting research on complex accounting topics to recommend accounting treatment recognition drawing on knowledge of Generally Accepted Accounting Principles (GAAP) and the Financial Accounting Manual for Federal Reserve Banks (FAM).

You will work with the external auditor on the year-end audit.

You will assist, review, and may oversee work of other accountants (financial, cost accounting, payroll, benefits, tenant/lease, asset management and capital projects).

You will conduct accounting education for departmental contacts throughout the Bank.

You will support internal control over financial reporting compliance activities and compliance with the Bank's financial control program.

You will ensure that Bank management has proper understanding of and is acting in compliance with FAM and the Bank’s Financial Control Manual.

You will work independently, at the most senior skill level.

What You Will Do:

Prepare year-end financial statements and footnotes and monthly financial reports.

Prepare supporting information for the CFO’s presentation of financial information to the audit committee.

Collaborate with public accountants, Board of Governors (BOG) Examiners, U.S.

Government Accountability Office (GAO) and other outside accounting groups for financial reporting reviews.

Prepare detailed analysis and accounting entries to support benefit accounting following FAS 112, FAS 106, the Supplementary Executive Retirement Plan (SERP), and the Benefit Equalization Plan (BEP).

Be a liaison with the Office of Employee Benefits (OEB) and the Board of Governors on all benefit accounting topics.

Prepare detailed analysis and accounting entries to support the proper accounting for severance, retention, and compensated absences.

Assist, reviews, and may oversee work of other accountants (financial, cost, payroll, benefits, tenant/lease, asset, management, and capital projects.

Conduct research and provide analyses.

Be an expert for interpretation of GAAP, the Financial Accounting Manual for Federal Reserve Ban...