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Job Information
Federal Reserve Bank Financial Programs Analyst - Division of Financial Management in Washington, District Of Columbia
Financial Programs Analyst - Division of Financial Management - R024522 Primary Location : DC-Washington : Employee Status : Regular Overtime Status : Exempt Job Type : Standard Work Shift: : 1st Shift : : Relocation Provided: : Yes Compensation Grade Low: : FR PAY GRADE 23 Compensation Grade High: : FR PAY GRADE 24 Minimum Salary: : $78,800.00 Maximum Salary: : $142,400.00 Posting Date : Jun 14, 2024
Position Description
Minimum Education Bachelor's degree or equivalent experience Minimum Experience 1 Summary The Financial Programs Analyst participates in day-to-day activities of the section, including accurately and timely verifying that financial payments are proper, correct, and in accordance with policies, procedures, laws, and regulations. Verifies data feeds by testing, reconciling, and auditing information against source records and systems. Negotiates the resolution of payment issues with Board vendors / suppliers / employees. Supports Internal Control (COSO) efforts by creating/updating process documentation/test scripts and identifying risk areas. Uses knowledge of software applications to receive, transmit, verify, and troubleshoot various information to and from vendors. Produces moderately complex reports from transactional systems and reporting tools. Conducts on-going, quarterly, and annual SOX testing, and performs user testing on upgrades, patches, and enhancements. Performs peer reviews of work to ensure accuracy. Duties and Responsibilities
Position Requirements
Must have general knowledge and understanding of concepts, principles, and practices in the financial field (including accounting, accounts payable/receivable, payroll, expense management, and/or reporting) typically acquired through a bachelor’s degree in a related field (or equivalent work experience) and one year of experience. Experience with automated systems (such as Coupa and Workday is desired; must be proficient in office automation software and have basic Excel knowledge. Is able to keep abreast of changes of professional concepts and translate those developments to Board requirements. Must have demonstrated excellent customer relations skills and ability to interact with all levels of the Division staff effectively. Certification (or demonstrated progression to obtaining such) in field (such as CPA or CPP) desired. FR-24 is a Sr. Financial Programs Analyst and must meet the qualifications of the preceding grade in addition to three years of experience. Certification (or demonstrated progression to obtaining such) in field (such as CPA or CPP) preferred. Participates in the day-to-day activities of the section, including accurately and timely verifying that moderately complex financial service payments are proper, correct, and in accordance with the division's policies and procedures. Verifies data feeds by testing, reconciling, and auditing information against source records and systems. Performs manual entries as necessary. Performs peer reviews to ensure accuracy and comprehensiveness of team's work. Conducts tasks and analysis with creativity, judgment, and responsibility; may recommend new approaches and policies. May provide technical advise for activities involving financial data, issues, and trends. Participates in division and inter-division projects which enhance and streamline procedures and controls in the context of a risk control environment, and/or the automation of processes and workflows. Provides timely and accurate information and analysis to management by assembling and summarizing data, preparing clear and concise reports of findings and recommendations, and preparing implementation plans for follow-up actions. Engages in critical analysis, reaching conclusions concerning solutions to financial services problems and, where appropriate, develops recommendations and decisions to improve the financial services systems and its operations. Discusses difficult, unusual, or precedent-setting issues with senior staff as they arise. Guidelines include applicable GAAP, COSO/SOX standards, federal and state tax laws, industry benchmarks, and current policies/procedures. Adapts procedures to meet changing requirements and best business practices. Able to perform assignments under tight deadlines and schedules. This involves automating where appropriate and adapting controls when needed. May take direction and guidance from other senior team members. Supports the Board’s efforts to implement and maintain an Internal Control Framework (COSO), satisfying the requirements of the Sarbanes/Oxley legislation (SOX). Creates / updates process documentation, identifies risk areas and the opportunity for process re-engineering, and ensures that adequate controls are in place. Solid verbal and written communication skills are required. Information must be presented in a clear, concise, and logical manner utilizing proper vocabulary and grammar. Needs to demonstrate consistency between action and words, utilize customer input to develop work products and processes. Must use diplomacy and tact. Responsible for planning and carrying out work responsibilities with general supervision. Coordinates work with others, keeps management informed of progress, and suggests new initiatives to management. Reviews the work of peers and provides basic training to customers and new colleagues.
We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, genetic information, or application, membership, or service in the uniformed services. | Req ID: R024522 Current Search Criteria |