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, Des Moines , Product Accounting Analyst III, Accounting, Auditing , Des Moines, Iowa