Product Accounting Analyst III
Company: Disability Solutions
Location: Des Moines
Posted on: November 14, 2024
Job Description:
At FHLB Des Moines, we work each day to develop an inclusive
culture that supports and leverages the complexity of a diverse
workforce. This enables us to effectively serve the needs of our
members and help them succeed.The position's primary purpose is to
produce timely, accurate, and reliable financial information. The
accounting analyst III will review and prepare the Bank's quarterly
and annual SEC filings in accordance with GAAP, SEC, and regulatory
requirements. In addition, is responsible for the accounting of
daily/monthly/quarterly accounting operations. This position may
assist with various projects/requests related to the accounting
area.Accountabilities:Responsibilities/Duties/Function/Tasks:
- Strong knowledge of accounting for financial instruments
- Ensures accurate accounting and reporting for complex
transactions (derivatives and hedging, investments, borrowings,
mortgages, advances, capital stock, affordable housing program,
benefits, and various corporate related tasks) in accordance with
Generally Accepted Accounting Principles (GAAP) and Federal Housing
Finance Agency (FHFA) regulations
- Complete monthly/quarterly/annual close process through
preparation or peer review of journal entries, reconciliations,
analysis, and financial reporting in accordance with policies and
procedures in a highly controlled environment
- Collaborates with other departments to analyze product activity
and to supervise market movement
- Conduct detailed and comprehensive analysis of data and
monthly/quarterly financial documents, examining trends and market
movements.
- Seeks innovative ways to analyze, verify, and review
information
- Adhere to, compile, and validate accurate SEC and regulatory
reporting filings
- Participates in preparation and review of internal, external
and FHFA examiner audit requests
- Adheres to and performs departmental regulatory guidance and
internal controls, with particular focus on SOX 404 controls
- Presents financial statement analysis results higher level
management
- Strong skills in the software used in accounting
operations
- Develop solutions to improve effectiveness of processes, reduce
risk and promote efficiencies through maintaining and developing
sophisticated end user computing documents, analytical and
automated reports, and visualizations
- Applies analytical, investigative, and systematic skills to
research and resolve system and accounting issues
- Coordinate, plan, and implement project responsibilities in
accordance with Bank policies and project expectations
- Effectively use time management strategies for a deadline
driven environment
- Identify, research, and constructively communicate data
oddities outside of written or defined thresholds/expectations by
actively challenging information and processes
- Assist in researching codification and regulations, as it
impacts accounting operations
- Effectively communicate with the team/manager and other Bank
partners
- Perform cross functional training and duties to support team
processes
- Hold oneself and others to a high standard of excellence
- Qualifications:
- Bachelor's degree or higher in Accounting/Finance,
required
- CPA designation, preferred
- 4 to 6 years of related or 2+ years of public accounting
experience
- MBA/Master of Accountancy, desired
- Proven Experience with:
- SEC Reporting
- Sox and Compliance
- Knowledge of Financial Instruments and Capital Markets
- Financial Analysis
- Project Leadership
- Reviewing the work of others, detailed and high-level
- Possesses and demonstrates the following:
- Critical Analytical and research skills
- Emotional Intelligence
- GAAP knowledge
- Ownership and accountability of work
- Strong written and verbal communication skills
- Advanced computer skills with Word, Excel, Power Point, and
SQLCompensation Range:Annual Salary: $84,549.50 - $94,496.50This
salary range represents the Bank's good faith and reasonable
estimate of possible compensation at the time of hire. Offer to be
determined by selected applicant's education, experience,
knowledge, skills & abilities, as well as internal equity and
alignment with market data. This role is also eligible to
participate in the Bank's annual incentive plan. As part of our
competitive Total Rewards package, the Bank offers 11 paid
holidays, 5 weeks of PTO and a work culture that values work/life
balance. Most roles are eligible for our hybrid work schedule of 3
days per week in office, 2 days per week work-from-home. We match
100% of the first 6% you contribute to your 401(k), and provide an
additional 4% non-discretionary contribution to your 401(k) at the
end of year. More information on our Total Rewards program can be
found .At FHLB Des Moines, we celebrate diversity, work to create
an inclusive culture and champion equity in all of our policies and
practices. This enables us to effectively serve the needs of our
members and help them succeed. FHLB Des Moines is proud to be an
Equal Opportunity Employer. We prohibit discrimination on the basis
of race, color, religion, sex (including pregnancy, sexual
orientation or gender identity), national origin, age, disability,
veteran status, genetic information (including family medical
history), status as a parent or any other characteristic protected
by federal, state or local law.
Keywords: Disability Solutions, West Des Moines , Product Accounting Analyst III, Accounting, Auditing , Des Moines, Iowa
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