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Financial Analyst FP&A - Financial Support Office (FSO)

Federal Reserve Bank of Boston

Federal Reserve Bank of Boston

This job is no longer accepting applications

See open jobs at Federal Reserve Bank of Boston.
IT, Accounting & Finance, Customer Service
Boston, MA, USA
Posted on Wednesday, December 13, 2023

Company

Federal Reserve Bank of BostonThe FSO is seeking a financial analyst to support the FSO’s leadership role in the Fed’s financial planning and management disciplines. As a member of the team, you will use your financial analysis skills and knowledge of budget and forecast principles to become an expert in the Fed’s financials, identifying the impact of internal and external drivers on financial performance. In this role, you support FSO management through a wide range of activities including gathering data, organizing information, analyzing historical results, making forecasts and projections, providing recommendations, and generating financial models, presentations, and reports. You will be expected to provide unbiased analysis, to simplify the numbers, and tell a narrative to accompany the data.
Your work will support the FSO’s mission to guide Fed leadership in understanding the current and long-range financial impact of decisions.
This role will be Hybrid. You will work on a Hybrid basis under the Bank's "Hybrid" categorization of this role. You agree to work in the FRB Boston office and with a schedule agreed upon with your management team. While working from your home office, you agree to have the appropriate office set up to support your full engagement and protection of Federal Reserve information. It is expected that you reside within the First District and remain located within the district unless otherwise approved by your management and HR management.

About the Organization:
The Federal Reserve (“the Fed”), or the central bank of the United States, works to support the soundness of the U.S. economy through setting monetary policy, fostering financial stability and serving communities, among several other areas of focus.

The FSO, headquartered in the Federal Reserve Bank of Boston, is a national function providing financial management leadership for all twelve Federal Reserve Banks and the business lines and support areas they host. The FSO FP&A team is responsible for providing financial analysis to Fed leadership that enables informed decisions to develop and manage strategically aligned budgets and multi-year forecasts. Members of the FP&A team interact with staff and leaders from all 12 Federal Reserve Banks as they support an overall understanding of the Fed’s nearly $6 billion operating budget and $1 billion capital budget.

Job Summary:
The FSO is seeking a financial analyst to support the FSO’s leadership role in the Fed’s financial planning and management disciplines. As a member of the team, you will use your financial analysis skills and knowledge of budget and forecast principles to become an expert in the Fed’s financials, identifying the impact of internal and external drivers on financial performance. In this role, you support FSO management through a wide range of activities including gathering data, organizing information, analyzing historical results, making forecasts and projections, providing recommendations, and generating financial models, presentations, and reports. You will be expected to provide unbiased analysis, to simplify the numbers, and tell a narrative to accompany the data.

Your work will support the FSO’s mission to guide Fed leadership in understanding the current and long-range financial impact of decisions.

This role will be hybrid with a first district residence requirement, with some on-site presence required.

Responsibilities:
As a financial analyst on the FSO FP&A team, you will:

  • Develop a business understanding of Reserve Banks and national business lines.
  • Identify and evaluate emerging issues and trends across assigned Reserve Banks and/or business lines to inform impact on consolidated System financials.
  • Research industry practices, collect and analyze data, draw conclusions, and present results to FP&A team as well as FSO management.
  • Support business planning meetings for the Reserve Banks and business lines by providing FSO management the financial information and insights to support the conversation.
  • Research and respond to internal or stakeholder inquiries in a complete and timely manner.
  • Prepare supplementary financial information as requested.
  • Develop basic reports and models, and complete projects of average to moderate complexity and priority.

Other Responsibilities and Supervision:

  • Perform other duties as assigned.

Knowledge and experience:
Prior analytical experience is desired including querying, cleaning, analyzing, and presenting data. Knowledge and experience normally acquired through, or equivalent to, the completion of a Bachelor’s degree and a minimum 2 to 4 years of job-related experience.

Candidate must be curious, imaginative, creative, and resourceful. The FSO FP&A team works hard and values team-players who pitch in regardless of level, like to laugh and take pride in delivering high-quality, accurate and insightful products that make a difference.

Candidate must also possess:

  • A willingness to advance your understanding of finance and accounting, particularly with P&L statements, reporting variances/drivers, managerial, cost and project accounting, and cost/benefit and scenario analysis.
  • A basic understanding of budget and forecast principles.
  • Experience in visual storytelling with data, using tools such as Tableau, Excel, and PowerPoint.
  • The ability to work with different teams and drive to a desired outcome.
  • A desire to participate/contribute to special projects as assigned.
  • The ability to work independently and with guidance from senior staff and management on complex situations.
  • Experience with Workday financials and Adaptive planning.
  • Attention to detail and deadlines.

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 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.

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

Regular

Job Exempt (Yes / No)

No

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.

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