Sr. Accounting Analyst / Internal Control – Corporate recruitment
The Federal Reserve Bank of New York has an opportunity for a Senior Accounting Analyst within Corporate Accounting's Compliance Team. Corporate Accounting's mission is to ensure the integrity of the Bank's financial reporting, to administer accounting policies, and to provide cost-effective, consistent, high-quality accounting support that is responsive to the needs of internal and external customers. The Compliance Team is one of the governance bodies of Bank-wide compliance for local and Federal Reserve System (FRS) policies, procedures, and manuals as they relate to cost accounting, financial reporting, and accounting practice.
This individual will report directly to the Staff Director in charge of the Compliance Team, and interact with all levels of management, in addition to participating on System-wide workgroups.
JOB RESPONSIBILITIES
- The successful candidate will:
- Strengthen internal controls on FRS cost accounting policy and discipline (PACS Manual);
- Ensure that sufficient and effective processes are in place to monitor local PACS interpretations, expenses and PACS data;
- Review cost allocations for accuracy and compliance to PACS Manual;
- Ensure that department distribution tables (DDT) are representative of the department's functions and the tasks performed by individuals within the department;
- Ensure that information technology support costs are accumulated and distributed in accordance with applicable PACS Manual guidelines IT Support Services;
- Ensure that standard rates are properly constructed and maintained and costs are distributed in compliance with PACS Manual instructions;
- Ensure that adequate documentation exists supporting all usage measures for those activities that are distributed by Fixed Percentage or Fixed Fee calculations not covered elsewhere in the review;
- Provide targeted PACS training to business areas;
- Review source documents for completeness, mathematical accuracy, proper authorization, sufficiency of information, and proper coding;
- Prepare reports and work papers to management;
- Maintain in-depth understanding of Financial Management's core business processes and be familiar with general operational and financial issues;
- Work with internal and external auditors (for the annual audit and specialized audits);
- Continually seek opportunities to improve the accounting and cost accounting processes;
- Assist with the Finance Leadership Team (FLT) communication strategy efforts; and
- Participate in ongoing project initiatives.
Skills
JOB REQUIREMENTS
- A minimum of five to seven years of Big Four Public Accounting or Financial Services experience;
- CPA is a plus;
- Bachelor's degree in Accounting preferred;
- Strong knowledge and application of internal controls (COSO and SOX), accounting, financial and business principles;
- Strong knowledge in general cost accounting and/or IT cost accounting a plus;
- Good communication and customer service skills;
- Solid analytical and problem-solving skills;
- Demonstrate high initiative, flexibility, and dependability;
- Ability to handle multiple tasks simultaneously and work well under pressure;
- Strict attention to detail and the ability to work independently on complex assignments;
- Ability to reduce complex issues into meaningful and digestible summaries for presentation to management; and
- Working knowledge and technical proficiency in using Microsoft Word, Excel, and/or Access.