AVP Finance, Benefits Accounting - Newark, NJ at Federal Reserve Bank (FRB) in Newark, New Jersey

Job Description:

Company

Federal Reserve Bank of Atlanta

As an employee of the Atlanta Fed working for the Office of Employee Benefits (OEB) in Newark, NJ, you will help support our mission of promoting the stability and efficiency of the U.S. economy and financial system. Your work will affect the economy of the Southeast, the United States, and the world. The work we do here is important, and how we do it is just as important as what we do. We live our values of integrity, excellence, and respect every day. We do the right thing, we do things right, and we treat people right. A career at the Federal Reserve Bank of Atlanta gives you the chance to do work that touches lives and helps communities prosper.

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.

You will be working in Newark, NJ for a division of the Federal Reserve Bank of Atlanta (Office of Employee Benefits) and will maintain accountability for the OEB Financial Management functions. Direct and coordinate the development and monitoring of budgets and forecasts related to the operation of the OEB and the Federal Reserve System (FRS) benefit plans. Assist with setting the objectives and strategies for the Finance team, including related processes and deliverables, and ensure the accuracy and timeliness of all accounting transactions and financial statements related to the operation of the benefit plans. You will report to the EVP, Executive Director of the OEB.

Location: The position would be based in Newark, NJ at the Office of Employee Benefits (OEB). Successful candidates must be willing to work on-site at least two days a week.  

Experience: 10+ years of financial management and/or accounting experience.

Benefits accounting experience, preferred.

Primary Duties and Responsibilities:

• Serve as an advisor to the OEB’s senior leadership team informing the strategic direction and effective operation of the OEB. Assist with developing and implementing financial management strategy. Oversee participation in the annual audit and quarterly review activities (including SOX) for external and internal auditors. Oversee the OEB’s relationship with its external auditor, including the annual evaluation of audit services and in partnership with the Board and the Administrative Committee— the periodic procurement of external audit services.




• Lead a team to ensure appropriate technical and non-technical accounting, financial reporting, and consulting and compliance for cost and financial accounting and the Sarbanes Oxley (SOX) program. Perform continuous assessment of the accounting and reporting processes and provide suggestions for improvement and/or implementation. Ensure in-scope SOX processes and systems are documented and tested and deficiencies are remediated. Partner with the OEB’s Asset Management team to oversee the effective and compliant operation of trustee and custodial services for the Retirement Plan and the Thrift Plan.




• Ensure accurate and timely development of annual financial statements for the Retirement Plan and the Thrift Plan, which are subject to audit under PCAOB standards. Engage with the OEB’s Benefits and Asset Management teams to oversee the development, monitoring and communication of budgets and forecasts for System benefit plans. Oversee the development and monitoring of budgets and forecasts related to OEB operations.




• Perform personnel management functions such as hiring, staff development counseling, employee performance appraisals, compensation decisions, and other personnel actions. Collaborate with the Financial Management & Planning (FMP) team in the Federal Reserve Bank of Atlanta to ensure alignment on shared work. Cross-train OEB staff with the FMP team, where possible, to reduce key person risk and enhance resiliency. Establish an environment of trust, collaboration, and teamwork for areas of responsibility and promote a culture of inclusion and respect among team members, department staff, and the Bank.

Highly Specialized or Technical Skills/Certifications

• Certified Public Accountant (CPA), Certified Management Accountant (CMA), or Certified Internal Auditor (CIA) preferred




• Extensive experience of public accounting, financial reporting, or accounting for and/or operations of employee benefit plans

Education: Bachelor’s degree in finance or accounting, MBA preferred

This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change (e.g. emergencies, rush jobs, change in workload or technological developments).

The Federal Reserve Bank of Atlanta is an equal opportunity employer.

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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