Capital and CASPR Accounting Associate

CompanyFederal Reserve Bank of New York

Federal Reserve Bank of New York
Working at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems.
The Bank believes in work flexibility to balance the demands of work and life while also connecting and collaborating with our colleagues in person. Employees can expect to be in the office a couple of days per week as needed for meetings and team collaboration and should live within a commutable distance.

What We Do:

Corporate Controllers Function’s (CCF) mission is to ensure the integrity of the Bank's financial reporting and accounting by providing of high-quality leadership and services. CCF consults with the Bank, Board, and System (our Partners) on policy matters and provides direct accounting and oversight of the Bank's financial transactions and reporting. CCF is also responsible for the Financial Statement Reporting Risk, one of the Bank's key risk types. CCF's services are provided through team members with first and second lines of defense responsibilities that are appropriately segregated to ensure proper checks and balances. These team members are experts at their profession, serving as educators, consultants, and service providers. Our portfolio of service solutions covers a range of areas focused on Accounting Policy & Risk Management as well as Financial Accounting and Reporting.

The Capital and CASPR Accounting team manages the financial records of the Bank's capital asset and prepaid asset portfolio. In addition, this team supports the Bank's need for cost accounting (CASPR) infrastructure support for the Budget (support tables etc.)

Your Role as a Capital and CASPR Accounting Associate:

• Ensure the accuracy and integrity of the accounting of capitalized assets and expenses impacting the balance sheet and income statement

• Partner with business areas throughout the Bank to conduct the financial operations involved with end-to-end processing of the capital budget and expenses

• Compile, review, analyze, record, and reconcile financial information to the general ledger and ensure the Bank complies with District and System policies, standards, and procedures

• Analyze, resolve and answer complex or difficult issues presented by team members, Bank staff, or other stakeholders

• Participate in CASPR (Cost Accounting Strategic Planning & Reporting) Compliance efforts which includes Support Allocation preparation and reviews and coordination with Corporate Controllers compliance.

• Work with the Business Finance Partner analysts and their customers on all CASPR related issues and processes.

• Support the Function, Bank, and System through participating in projects and workgroups.

• Guide decentralized accounting staff by training and consulting

• Handle customer service inquiries that require research and analysis

• Perform other duties as assigned

What We are Looking For:

• Strong experience in public accounting or financial reporting, or accounting.

• Demonstrated advanced analytical skills and knowledge of internal controls and accounting operations

• Strong written and oral communication skills.

• Ability to multi-task and manage several projects simultaneously.

Please include resume.

Salary Range: $120,000-$140,000 / year

We believe in transparency at the New York Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whether you’re stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions.

Our Touchstone Behaviors—Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership—help shape the culture of the Bank. They also provide a shared language for how we work together and achieve success, and they set clear expectations for leading with impact at every stage of your career with us. Learn more.

Benefits: Our organization offers benefits that are the best fit for you at every stage of your career:

Fully paid Pension plan and 401k with Generous Match

Comprehensive Insurance Plans (Medical, Dental and Vision including Flexible Spending Accounts and HSA)

Subsidized Public Transportation Program

Tuition Assistance Program

Onsite Fitness & Wellness Center

And more

The New York Fed expects its employees to perform their duties with honesty, integrity, and impartiality, and without improper preferential treatment of any person. Learn more about our code of conduct and conflicts of interest rules.

The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, pregnancy, or military service.

We value accessibility for all candidates and are happy to provide an accommodation or assistance. Please email us at [email protected] and we’ll be glad to help. Please note, this is a dedicated e-mail box designed exclusively to assist applications with accommodation requests in relation to our recruiting process. All other inquires including the status of applications will not receive a response from this e-mail box.

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.

Full Time / Part TimeFull time

Regular / TemporaryRegular

Job Exempt (Yes / No)Yes

Job CategoryAccounting/Finance Family Group

Work ShiftFirst (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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