Company

Federal 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 Senior Accountant, reporting to the Accounting & Finance Manager.

The accountant’s role will be 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. Therefore, this is a great opportunity to utilize IT accounting knowledge and 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.
• Prepare, review, and analyze complex accounting records, financial statements, and other large scale financial activities.
• Interpret contract language to determine the proper accounting treatment of transactions as it relates to GAAP and FRB accounting guidelines.
• 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.
• Investigate a broad spectrum of accounting issues, developing explanations of financial performance and other complex financial reports, participates in coordinating quarterly and/or annual reporting efforts
• Other duties as assigned or requested.

Qualifications:

• Minimum 5 - 9+ years of relevant work experience
• Minimum of 5 years working with GAAP.
• Bachelor’s degree in accounting or related field required, MBA or advanced degree preferred.
• CPA preferred.
• 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

Knowledge/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
• Tuition reimbursement
• 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.
• If you need assistance or an accommodation due to a disability, please notify rich.recruit@rich.frb.org.
• 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 role. Selected candidate is subject to special background check procedures.
• The hiring range of the Senior Accountant - Fixed Asset is $74,800 – $102,850 annually.
• Salary offered will be based on the job responsibilities and the individual’s knowledge, skills, and experience as defined in the job qualifications.
• The Fifth District provides a hybrid work environment. This position is required to be onsite on Tuesday, Wednesday, and Thursday each week.
• Interested candidates are strongly encouraged to apply by December 18, 2024. Applications are reviewed on a rolling basis.
• Always verify and apply to jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

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.

Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.

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