Financial Management Team Leader

Federal Reserve Bank Philadelphia , PA 19107

Posted 1 month ago

The Federal Reserve Bank of Philadelphia is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. It helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. The Federal Reserve Bank of Philadelphia serves eastern and central Pennsylvania, southern New Jersey, and Delaware.

Job Summary :

Monitors activities related to fixed assets, construction accounting and capital reporting, with a significant focus on ensuring compliance with Federal Reserve System and Bank policies, and providing recommendations and interpretations on capitalization and expense accounting issues. Coordinates Bank-wide month-end expense accruals.

Reviews departments General Ledgers to ensure accruals are appropriate; monitors the accurate processing of transactions processed through the Lawson Asset Management modules. Works independently with minimal guidance. Performs special projects, continually drawing on technical knowledge of operations and accounting to conduct complex analytical assignments; including knowledge of Federal Reserve Bank (FRB) accounting practices, procedures, and Generally Accepted Accounting Principles (GAAP). Completes Bank projects and assignments in a professional manner and assumes a leadership role as appropriate on System-level committees and workgroups.

Principal Duties and Responsibilities :

Monitors the accuracy of construction and fixed asset accounting to ensure compliance to Financial Accounting Manual (FAM).

Oversees fixed asset and capital reporting functions and related assets and liability functions including monthly depreciation processing; provides capitalization/expense interpretations, accrual reporting and coordination.

Directly oversees Bank Expense processing (capital and operational expenses) to ensure compliance with Bank policies. Ensures automation platform supports operational responsibilities and/or makes necessary modifications.

Provides guidance to departments to ensure accurate and reporting of expenses to Planning and Control System (PACS) and General Ledger. Oversees entries and reconciliation for various general ledger accounts while also ensuring compliance to GAAP.

Defines and documents new or changed accounting requirements; collects data through various methods; analyzes existing methods and systems; performs cost benefit analyses; may review accounting transactions of non-accounting areas for compliance with FAM/GAAP; develops and recommends alternatives; reviews and provides analysis during the financial reporting process.

Ensures automation platform (Lawson) supports operational responsibilitiesand/or makes necessary modifications. Ensures attention to proper cost center expense allocations.

Conducts special studies and technical analyses for financial planning/control, feasibility and cost/benefit studies; identifies problems, formulates solutions, and presents appropriate recommendations to departmental or senior management; follows plan through to implementation.

Develops work schedules, assigns responsibilities for tasks and establishes targeted completion dates. Coaches and counsels staff as necessary to ensure timely, accurate, meaningful and effective output.

Interacts at all staff, technical and management levels by attending and participating in System conference calls, senior management meetings, and planning session; provides advice and guidance to management with regard to options, alternatives, and impact of operational decisions.

Ensures compliance with financial control and accounting manuals and recommends solutions to maintain compliance.

Well versed in System and Bank policies including Delegation of Authority Policy.

Participates in the accomplishment of departmental and Bankwide quality initiatives by being a department coordinator, team leader, or team member.

Fulfills job duties and responsibilities in conformance with sound safety practices.

Performs other related duties as assigned.

Subordinates :

Yes

Education and Experience :

  • Bachelor`s degree in accounting or a related field is required

  • Certified Public Accountant certification is preferred

  • Minimum of 4 years experience required

  • Supervisory experience is preferred

Knowledge and Skills:

Strong interpersonal, leadership, analytical, and organizational skills.

Excellent oral, written, and presentation skills.

Ability to effectively communicate with various levels of staff and management.

Strong PC skills using standard Bank word processing, presentation, and spreadsheet applications.

Demonstrated and proven management skills (preferred).

Familiarity with Bank policies and Lawson application (preferred).

The Federal Reserve Bank of Philadelphia believes that diversity and inclusion among our employees is essential to our success as an organization, and we want to recruit, develop and retain the most accomplished people from a diverse candidate pool. To support a workplace culture of belonging, we offer seven employee resource groups (ERGs) and a 100 percent rating on the Human Rights Campaign (HRC) Corporate Equality Index. The Federal Reserve Bank of Philadelphia is proud to be an equal opportunity workplace.

Certain eligibility rules apply



icon no score

See how you match
to the job

Find your dream job anywhere
with the LiveCareer app.
Mobile App Icon
Download the
LiveCareer app and find
your dream job anywhere
App Store Icon Google Play Icon
lc_ad

Boost your job search productivity with our
free Chrome Extension!

lc_apply_tool GET EXTENSION

Similar Jobs

Want to see jobs matched to your resume? Upload One Now! Remove
Sales Floor Department Supervisor People Leader Store Management FlooringDcor Full Time

Lowe's Companies, Inc.

Posted 4 days ago

VIEW JOBS 10/16/2020 12:00:00 AM 2021-01-14T00:00 What You Will Do All Lowe's associates deliver quality customer service while maintaining a store that is clean, safe, and stocked with the products our customers need. As a Sales Floor Department Supervisor, this means: * Providing resources and tools to support those directly helping customers provide the best service. * Assisting with down stocking and area recovery as well as providing input into merchandising decisions. * Monitoring use of store power equipment and coaching employees on safe behaviors and lifting techniques. The Sales Floor Department Supervisor is primarily responsible for leading and enabling a team of associates to deliver the best possible customer experience in the store. This includes coaching and training associates, delegating, following-up on daily tasks, managing performance, and ensuring adequate department coverage. Sales Floor Department Supervisors are responsible for customer-facing activities (e.g., greeting customers, clarifying needs and identifying solutions, closing sales), non-customer-facing activities (e.g., down stocking, inventory management, area recovery) and store safety (e.g., conducting safety walks, reporting hazards, understanding safety and lifting directions). The Sales Floor Department Supervisor works with his/her leaders to identify approaches and behaviors that best meet sales and service objectives, then communicates those best practices to the team in a way that inspires engaging, customer-focused behavior and goal attainment. Further, the Sales Floor Department Supervisor must supervise associates in other departments, as needed, to meet the demands of the store. This requires broad product knowledge and the ability to engage associates and customers across departments. It is important that this associate communicate upward to keep management informed of concerns, issues, praises, and morale. In addition to the responsibilities summarized above, individuals in this role may occasionally open or close the store or serve as manager-on-duty (MOD). Travel Requirements: This role does not require regular travel; however, this role may need to travel on occasion to meetings, trainings, or to support neighboring stores/outlets. What We're Looking For * Hourly Full Time: Generally scheduled 39 to 40 hours; more hours may be required based on the needs of the store. * Requires morning, afternoon and evening availability any day of the week. * Physical ability to perform tasks that may require prolonged standing, sitting, and other activities necessary to perform job duties. * Minimally must be able to lift 25 pounds without assistance; may lift over 25 pounds with or without assistance. What You Need To Succeed Minimum Qualifications * High School Diploma or equivalent and 3 years of experience in a retail environment OR 5 years of experience in a retail environment. * 1 year of experience in customer service. * 1 year of experience supporting the unique needs of Pro customers (for Pro Department Supervisor). * Experience providing direction or supervision to teams (with or without direct report responsibility). * Experience supporting or participating in the process of training, mentoring and developing associates. * Experience working cross-functionally. * Strong working knowledge of Microsoft Office. * Ability to obtain sales related licensure or registration as may be required by law. Preferred Qualifications * 3 years of retail customer service experience. * 3 years of experience supporting the unique needs of Pro customers (Pro and Tool Rental Department Supervisor). * 3 years of experience supporting the unique needs of rental customers (Tool Rental Department Supervisor). * Experience managing a Profit and Loss statement (Tool Rental Department Supervisor). * Experience working in a tool or other product rental sector (Tool Rental Department Supervisor). * Experience in a leadership role with direct report responsibility. * Experience working in the home improvement retail sector. * Experience working in a fast paced, dynamic retail environment. * Experience in key carrying role with manager-on-duty responsibilities. * Experience using store computer systems (including but not limited to: Project Tool, Genesis, Sterling, M2O, Thin Client, etc.). #LI-145EKAL1 Lowe's is an equal opportunity affirmative action employer and administers all personnel practices without regard to race, color, religion, sex, age, national origin, disability, sexual orientation, gender identity or expression, marital status, veteran status, genetics or any other category protected under applicable law. Lowe's Companies, Inc. Philadelphia PA

Financial Management Team Leader

Federal Reserve Bank