Company

Federal Reserve Bank of BostonAs an employee of the Boston Fed, you will work to promote sound growth and financial stability in New England and the nation. You will contribute to communities, the region, and the nation by conducting economic research, participating in monetary policy-making, supervising certain financial institutions, providing financial services and payments, playing a leadership role in the payments industry, and supporting economic well-being in communities through a variety of efforts. The Boston Fed is one of 12 Reserve Banks and we serve all or parts of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. Our mission is accomplished through our Bank's values: diversity, equity and inclusion, innovation, integrity, and leadership.

This position requires standard knowledge of general accounting and reconciliation practices and finance and financial strategies and operations. This position relies on time management skills and judgment to plan and accomplish goals.

• Conducts financial reconciliation on a variety of topics including accounting records, cash, and accruals
• Prepares reconciliation explanations and proposed solutions for the remittance and accounting records of the Main Street Lending Program
• Performs analysis to identify and resolve variances on remittance payments.
• Prepares financial and business analyses and reporting in such areas as remittance activity, delinquent payments, loan amortization and impairment
• Coordinate updates of variable interest rate indexes
• Provide support across Finance, Accounting and Operations team activities as needed
• Provides functional and operational support across Main Street Lending Program team outside of Finance & Accounting core team as needed

Knowledge and Experience

• Excellent written and oral communications.
• Strong quantitative and qualitative analytical skills.
• Proficient Excel skills including experience with VLOOKUP and Pivot tables
• Effective interpersonal and team building skills.
• Strong knowledge in financial accounting and reconciliation.
• Ability to work independently and excellent time management skills.
• Ability to shift priorities as needs arise.

The Federal Reserve Bank of Boston is committed to a diverse and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.

All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years.

The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.

Full Time / Part Time

Full time

Regular / Temporary

Temporary

Job Exempt (Yes / No)

No

Job Category

Internship

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.

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