Senior/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.

This posting is a dual grade posting, reflective of the higher level, Lead Accountant.

We may also consider candidates who have a lower level of experience, education, or qualifications.

Job Summary:

Reporting to the Senior Accounting Manager, you will ensure accuracy, completeness, and integrity of accounting transactions and financial reporting.

In this strategic role, you will partner with senior management to identify compliance risks, improve financial processes, and maintain rigorous accounting standards.

You will use automatous judgment, have technical expertise, and lead complex accounting projects.

What You Will Do:

Financial Reporting & Statement Preparation


* Prepare comprehensive year-end financial statements and footnotes following GAAP


* Lead monthly accounting close processes, ensuring accurate accruals within established timeframes


* Lead quarterly financial processes, prepare quarterly reports, and executive-level management presentations


* Provide technical support and analysis for presentations to the audit committee


* You will serve as a primary liaison with external auditors, BOG Examiners, GAO, and regulatory agencies

Benefits Accounting & Compliance


* Prepare complex benefit accounting analyses and journal entries per FAS 112, FAS 106, and other benefit accounting standards


* Collaborate with the Office of Employee Benefits and Board of Governors on technical benefit accounting matters


* Process and document accounting entries for severance, retention, and compensated absences


* Ensure compliance with evolving benefit accounting regulations and standards

Team Collaboration & Technical Support


* Provide functional guidance, mentorship, and technical review for accounting staff across multiple teams (financial, cost, payroll, benefits, lease, asset management, and capital projects)


* Lead complex accounting research projects and present findings with actionable recommendations


* Foster professional development and technical competency within the accounting team

Technical Expertise and Standards Interpretation


* Be a subject matter expert on GAAP, FAM, and Federal Reserve accounting regulations


* Research latest accounting issues and document technical conclusions


* Lead projects to update FAM and the Bank's Financial Control Manual


* Develop and interpret system accounting rules and policies

Intern...