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 analyst will perform the investments, borrowings and derivatives daily/monthly/quarterly accounting operations, and may assist with various projects/requests related to the accounting area. In addition, the analyst will assist in the preparation of the Bank’s quarterly and annual SEC filings in accordance with GAAP, SEC, and regulatory requirements.

Accountabilities:

Responsibilities/Duties/Function/Tasks:

Execute 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 deadline driven environment
Strong knowledge of products, ensuring accurate accounting and reporting for complex transactions in accordance with Generally Accepted Accounting Principles (GAAP) and Federal Housing Finance Agency (FHFA) regulations
Perform in-depth and high-level analysis of data and monthly/quarterly financial statements by looking at trends and market movements, including presentation to higher level management

Perform cross functional training and assist with tasks related to mortgages, advances, capital stock, affordable housing program, benefits, and corporate responsibilities, as needed

Collaborates with other departments to analyze product activity and to monitor market movement
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 executes departmental regulatory guidance and internal controls, with particular focus on SOX controls
Strong skills in the software used in accounting operations
Develop solutions to improve effectiveness of processes, reduce risk and promote efficiencies
Utilizes analytical, investigative, and systematic skills to research and resolve system and accounting issues
Coordinate, plan, and execute project responsibilities in accordance with Bank policies and project expectations
Assist in researching codification and regulations, as it impacts accounting operations
Effectively communicate with the team/manager and other Bank partners
Hold oneself and others to a high standard of excellence

Qualifications:

Bachelor’s degree or higher in Accounting/Finance, required
CPA designation, preferred
3 to 5 years of related or 2+ years of public accounting experience
MBA/Master of Accountancy, desired
Proven Experience with:
- Monthly financial statement close
- Reviewing the work of others, detailed and high-level
- Financial Analysis
- SEC Reporting
- SOX and Compliance
- Knowledge of Financial Instruments and Capital Markets
- Project Leadership
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 SQL
Experience with financial systems, preferred, such as: SimCorp, Chatham, Principia, Workday, Evolv, etc

Compensation Range:

Annual Salary: $84,875.00 - $94,860.00

This 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 here.

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.