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FMSSC Shared Services Manager

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

Multiple locations
Posted on Jan 12, 2025

Company

Federal Reserve Bank of DallasWe are dedicated to serving the public by promoting a strong financial system and a healthy economy for all. These efforts take a team of dedicated individuals doing many different jobs. Together we’re creating a workplace where talented people can thrive, and we welcome your unique background and perspective to help present the best possible solutions for our partners.

Location: #LI-Hybrid

About the Role:

The Accounts Payable Manager, as part of our Accounts Payable Shared Service team, oversees and provides work direction to Accounts Payable staff. This role ensures accuracy, compliance, and efficiency in Accounts Payable work focused on credit card programs (corporate purchase card-PCARD). Additionally, this role will also be responsible for maintaining and enforcing policies and procedures, driving process improvements, and managing relationships with business partners and external suppliers.

You Will:

Leadership and Staff Management:

  • Develop, motivate, and evaluate performance of staff, which includes supervising staff to identify developmental assignments and training opportunities, working with individuals on their career goals, delegating responsibilities, providing timely feedback, and evaluating performance.
  • Play a key role in the full cycle of employment matters, including but not limited to those involving hiring, retention and performance optimization, salary recommendations, and decisions related to the termination of employment, as well as the documentation of these matters.

Accounts Payable Operations:

  • Oversee Accounts Payable purchasing card (PCARD) programs which may include processing of transactions, oversight of transactional flows, and meetings with impacted parties.
  • Develop and monitor key metrics to drive performance.
  • Manage the design, development, and production of management reporting to all levels of management, including but not limited to audit responses, compliance reports, work related analysis, and others as assigned.
  • Aid Accounts Payable staff and respond to customer inquiries to meet FRS business needs.
  • Approve journal entries, account reconciliations, and other documents. Ensure transactions are recorded accurately, timely and in compliance with internal controls, policies, and procedures. Ensure all transactions have proper approvals.
  • Collaborate with employees, other departments, and vendors to research, analyze and resolve complex issues.
  • Participate in the development, implementation and maintenance of systems, and procedures and policies to ensure adherence to FRS guidelines and policies. Includes interpreting Bank policies and implements best practices to achieve overall department objectives.

Stakeholder Management:

  • Build and maintain relationships with internal and external stakeholders, resolving any issues or inquiries promptly.
  • Collaborate with internal business partners, such as procurement, to enhance efficiency and provide support with accounts payable processing or reporting.
  • Leads analysis, prepare and present Accounts Payable metrics and reports to stakeholders.


Continuous Improvement:

  • Identify and recommend changes in methods or procedures to improve efficiency of the department, including leveraging technology to automate processes.
  • Identify and recommend the creative development of innovative solutions to streamline the policies and procedures to improve the efficiency of the department.

You Have:

  • Associate degree in accounting, finance, or related fields, and 9 years of related experience. Experience should include managing professional staff; interaction with multiple levels of management; and accounting processes and requirements OR
  • Bachelor's degree in accounting, finance, or related fields, and 7 years of related experience. Experience should include managing professional staff; interaction with multiple levels of management; and accounting processes and requirements OR
  • Master's degree in accounting, finance, or related fields, and 5 years of related experience. Experience should include managing professional staff; interaction with multiple levels of management; and accounting processes and requirements.

Our Benefits:

Our total rewards program offers benefits that are the best fit for you at every stage of your career:

  • Comprehensive healthcare options (Medical, Dental, and Vision)
  • 401K match, and a fully funded pension plan
  • Paid vacation, holidays, and volunteer hours; flexible work environment
  • Generously subsidized public transportation and free parking
  • Annual tuition reimbursement
  • Professional development programs, training and conferences
  • And more…

Notes:

This position may be filled at various levels based on candidate's qualifications as determined by the department.

Please submit your applications by Friday, January 24th.

This role allows for the employee to work in a hybrid manner with some work conducted onsite at the Federal Reserve work location and some work conducted remotely. Specific schedule details will be discussed during the recruitment process.

Applicants must be eligible to work in the U.S and the role is not available for sponsorship.

The Federal Reserve Bank of Dallas is proud to be an Equal Opportunity Employer that believes in the diversity of our people, ideas and experiences, and we are committed to building an inclusive culturethat represents the communities we serve.

If you need assistance or an accommodation due to a disability, please notify your Talent Acquisition Consultant.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

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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