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Financial Process Analyst

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

IT, Accounting & Finance
Chicago, IL, USA
Posted on Wednesday, June 5, 2024

Company

Federal Reserve Bank of ChicagoThe Financial Process Analyst performs financial processes and financial analysis/performance reporting related to Administrative Services stakeholders and their payments. This position also supports compliance with budget guidance, accounting rules, Federal Reserve System policies and standard operating procedures. The level of work required is considered advanced and staff must be able to work under minimal supervision. This position reports to the Administrative Services Business Team Lead and does not have any direct reports.

Responsibilities

  • Performs financial processes including reconciling purchases, purchase orders and invoices.
  • Analyzes reports in ERP systems such as Workday and employee time related to payments.
  • Balances general sub-ledgers for compliance.
  • Conducts analysis and research to interpret data to identify trends and resolve issues.
  • Summarizes findings, makes recommendations and prepares presentations and written reports for management.
  • Identifies inaccuracies/errors in data and makes recommendations for remedy or takes initiative to correct.
  • Develops, maintains, manipulates and analyzes spreadsheets and databases for department, extracting data from other systems as necessary.
  • Develops and maintains metrics to track performance.
  • Researches, resolves and responds to stakeholder concerns and questions.
  • Supports the customer service function and the main line coordination function.
  • Performs other duties as assigned.

Knowledge & Skills

  • Decision making and problem solving, self-starter, comfortable working in spaces of ambiguity.
  • Able to create and maintain efficiencies and automated processes.
  • Strong written and oral communication skills.
  • Technical skills and the ability to perform data analysis while leveraging multiple applications.
  • Demonstrated aptitude to leverage relevant technology and software applications, including ability to create and modify spreadsheets.
  • Intermediate proficiency in Excel formulas.
  • Strong organization skills and attention to detail.
  • Strong analytical and research skills.
  • Strong accounting skills.
  • Focus on process improvement.
  • Strong proficiency with Microsoft Office products and database management.
  • Ability to work collaboratively within and across work teams.
  • Flexibility to manage multiple assignments with competing priorities.
  • Ability to identify key points from written material and synthesize into short summaries and/or translate into other formats for presentation.
  • Service oriented and flexible to meet changing business needs.

Education & Experience

  • Bachelor’s degree in Accounting, Finance or related field or equivalent work experience.
  • 1 or more years of relevant work experience.

Our 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

Additional Requirements:

  • This role is a hybrid work model in Chicago.
  • 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.

We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

No

Job Category

Accounting/Finance

Work Shift

First (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.

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