Senior Accountant

Client: Bank

Job Title: Senior Accountant

Type: Full-time Permanent Role

Location: Hybrid in NYC (4 days office, 1 day remote)

Role Overview:

Client is seeking an experienced Senior Accountant to join its Financial Accounting team. This role will focus on financial accounting, SEC reporting, regulatory reporting, technical accounting, and financial reporting process improvements.

The selected candidate will support quarterly and annual SEC filings, including Forms 10-Q and 10-K, prepare and review financial statements and cash flow reporting, and ensure compliance with applicable accounting and regulatory requirements.

An important component of this position will be supporting the implementation of a new trade accounting sub ledger, including system configuration, integration with other Bank applications, and user acceptance testing (UAT).

The ideal candidate will have a strong background in banking or financial services accounting, US GAAP, SEC financial reporting, fixed-income products, and cash flow analysis. This position requires someone who can independently manage accounting deliverables, research technical accounting matters, collaborate with internal and external stakeholders, and contribute to financial reporting and systems implementation initiatives.

Key Responsibilities:

1. Financial Accounting & Internal Reporting:

• Support daily, weekly, monthly, and quarterly accounting activities, including general ledger reconciliations, account analysis, and financial reporting.
• Play a significant role in implementing a new trade accounting sub ledger, including system configuration, integration with other Bank applications, and UAT testing.
• Support accounting reconciliations and reporting functionality for fixed-income products, including mortgage loans.
• Prepare quarterly Statements of Cash Flows for SEC and regulatory reporting purposes.
• Perform cash flow and financial variance analysis and provide explanations to senior management.
• Investigate and resolve discrepancies between trading sub ledgers and the general ledger.
• Review and approve daily settlement break summaries.
• Review and sign of on accounting controls governing DDA cash balances, general ledger accounts, mortgage provider databases, and internal mortgage loan application proofs.
• Review monthly Real Estate Owned (REO) property analyses to ensure transactions are appropriately recorded in the general ledger.
• Streamline month-end account analysis and reconciliation processes.
• Develop accounting and reporting specifications for financial systems.
• Prepare periodic management reports and financial statements.

2. SEC Financial Reporting:

• Support and manage quarterly and annual SEC filings, including Forms 10-Q and 10-K.
• Prepare, compile, and maintain supporting documentation for SEC filings.
• Support the preparation of financial statements and Management's Discussion and Analysis (MD&A) sections.
• Review financial statement disclosures for accuracy and completeness.
• Research technical accounting and financial reporting matters affecting transactions and SEC disclosures.
• Collaborate with internal departments to ensure appropriate accounting and reporting treatment for fixed-income trading products, including mortgage loans.
• Prepare and review Statements of Cash Flows for quarterly and annual financial reporting.
• Identify opportunities to improve and streamline SEC reporting processes.

3. XBRL & Regulatory Reporting:

• Review and research XBRL tagging prepared by the third-party vendor, Workiva, to ensure compliance with SEC guidelines.
• Coordinate with external vendors to investigate and correct XBRL tagging errors.
• Collaborate with other Federal Home Loan Banks to maintain consistency in XBRL tagging.
• Monitor and interpret FHFA regulations and Office of Finance reporting requirements.
• Ensure financial reporting systems and processes comply with applicable regulatory reporting requirements.
• Support reporting through the Bank's CRS and FRS systems.
• Lead the annual preparation and filing of IRS Form 1042.
• Research new FASB accounting pronouncements and support implementation of applicable accounting changes.

4. Accounting Policies, Controls & Collaboration:

• Prepare, maintain, and update accounting policies and procedures in accordance with SOX requirements
• Oversee Financial Accounting's compliance with established accounting policies and procedures.
• Support internal and external audits and respond to accounting and reporting inquiries.
• Coordinate with internal stakeholders, including Internal Audit, SOX, Legal, Corporate Real Estate, HR, Senior Management, Risk Management, Capital Markets, and Information Technology.
• Work with external auditors, FHFA examiners, the Office of Finance, and third-party vendors.
• Manage relationships with third-party vendors and support financial reporting and accounting systems initiatives.

Required Experience & Qualifications:

• Bachelor's degree in Accounting or a related field.
• 4–8 years of relevant accounting experience, preferably combining public accounting and corporate financial accounting experience.
• Experience in banking, financial services, or a related financial institution environment.
• Strong background in financial accounting, financial reporting, and general ledger reconciliations.
• Experience supporting SEC financial reporting, particularly Forms 10-K and 10-Q.
• Solid understanding of US GAAP and financial reporting requirements.
• Experience with cash flow analysis and preparation of Statements of Cash Flows.
• Strong analytical, organizational, critical-thinking, and problem-solving skills.
• Ability to manage multiple priorities and deliver accurate work within reporting deadlines.
• Strong written and verbal communication skills and ability to collaborate with cross-functional stakeholders.

Preferred Experience & Qualifications:

• CPA certification preferred.
• Big four public accounting experience is a plus.
• Experience with fixed-income financial products, trading accounting, and investment securities, and mortgage loans.
• Experience with technical accounting research and FASB accounting pronouncements.
• Familiarity with XBRL reporting and Workiva.
• Experience with accounting sub ledger implementation, system configuration, integrations, and UAT.
• Experience with SOX controls, regulatory reporting, and accounting policies and procedures.
• Exposure to FHFA reporting requirements and Office of Finance reporting.
• Additional credentials such as CFA or Series 7.