Fixed Asset Accountant
Federal Reserve Bank of Minneapolis
CompanyFederal Reserve Bank of RichmondWhen you join the Federal Reserve—the nation's central bank—you’ll play a key role, collaborating with a dynamic and diverse team of mission-driven professionals to strengthen and protect our economy and our communities.
Bring your passion and expertise, and we’ll provide the opportunities that will challenge you and propel your growth—along with a wide range of benefits and perks that support your health, wealth, and life. In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more. All brought together in a flexible work environment where you can truly find balance.
About the Opportunity
The Corporate Accounting Department has an immediate opening for a Fixed Asset Accountant on our Asset Management team. The Accountant will work within a team reporting to the Accounting Manager to ensure accurate and timely accounting processes in a strong control environment. This role will assist with supporting the Federal Reserve System which includes National IT. As the IT world continues to evolve so does the Accounting for IT. Therefore, this is a great opportunity to use and hone accounting skills applicable to technology projects and considerations.
What You Will Do:
In accordance with Generally Accepted Accounting Principles (GAAP) standards, Federal Reserve policies, and best practices:
Record capital assets and verify expenditures.
Develop, prepare, maintain, and reconcile accounting and fixed asset ledgers.
Perform and monitor monthly accrual journal entries.
Prepare, review, and analyze accounting records, financial statements, and other financial reports.
Analyze business operations, trends, and financial commitments to project future outcomes.
Identify and address discrepancies and irregularities and implement solutions as appropriate.
Clarify, implement, and document procedures, e.g., treatment of labor capitalization, cloud-transition costs, and software accounting.
Provide guidance and direction to team members, partners, and customers on accounting issues.
Project assignments which require planning, research, and analysis.
Monitor and ensure compliance with internal controls and procedures, including assistance with testing of automated accounting/finance systems and participation in SOX/COSO testing.
Other duties as assigned or requested.
Minimum 3 years of relevant work experience.
Minimum of 2 years working with GAAP.
Bachelor’s degree in accounting or related field required; MBA or advanced degree preferred.
CPA eligible preferred.
Knowledge and Skills:
Organized and detail-oriented with a high degree of data accuracy and integrity.
Excellent analytical and problem-solving ability appropriate for subjects and issues of moderate complexity
Interest and preferably experience in technology-related accounting matters and an Agile accounting process.
Customer-focused with a consultative, relationship-building approach, and the ability to work with people at all levels of the organization.
Broad knowledge of and ability to interpret and apply Financial Accounting Manual (FAM) guidelines and Generally Accepted Accounting Principles (GAAP).
Team-oriented – willing to knowledge-share, cross-train, and ask for and deliver help where needed for the success of the team.
Self-starter with a high degree of initiative and sound judgment who can propose recommendations for solutions and resolve issues with minimal guidance or supervision
Strong oral and written communication skills and proactive communication mindset
Intermediate to advanced proficiency in Microsoft Office applications (Excel, Word,, PowerPoint, Visio) and Adobe Acrobat
Discover the Reason Why So Many People Love It Here!
When you join the Richmond Fed, not only will you find a challenging and purposeful career, you’ll also have access to a wide range of benefits and perks that support your health and wealth, including:
Great medical benefits
Pension and 401(k) with employer match
Paid time off
Employee resource networks
Paid volunteer leave
Flexible work options
Onsite amenities that make working here fun
Other Requirements and Considerations:
Candidates should review the Bank’s Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.
Employees who work at and/or visit another Federal Reserve entity or outside business as part of their job duties are required to comply with any onsite safety and health protocols of those organizations (including, but not limited to, requirements to vaccinate or test, mask, social distance, etc.).
Sponsorship is not available for this position.
Selected candidate is subject to special background check procedures.
Salary offered will be based on the job responsibilities and the individual’s knowledge, skills, and experience as defined in the job qualifications/experience.
The Accountant, Intermediate hiring range is $59,600 - $81,950, annually.
Applications may be reviewed on a rolling basis.
Full Time / Part TimeFull time
Regular / TemporaryRegular
Job Exempt (Yes / No)Yes
Work ShiftFirst (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.