Manager, Financial Reporting

Provide leadership to direct reports and manage various processes within the FA team, including the preparation of managerial reports, Board of Directors materials, SEC and regulatory reports as well as monthly, quarterly and year-end financial statements. Requirements are flexible and will change depending on the needs of the team.

Internal Reporting

• Review/Approve month-end proofs and account analyses.
• Liaise with Investment and Portfolio Management Department and Member Asset Program Department to resolve any operational issues and understand new business.
• Review/Approve daily summary of cash changes between the general ledger and the statement from the FHLB Chicago.
• Sign off on controls governing the DDA Cash balance, general ledger, the mortgage provider’s database and in-house mortgage loan application proofs for completeness and accuracy. Exceptions are followed up and resolved in a timely manner.
• Review/Approve monthly analysis for Real Estate Owned property to ensure activities are booked in GL appropriately.
• Streamline month end account analysis process. Design accounting/reporting specifications for systems supporting mortgage loans.
• Manage relationship with outside vendors to ensure application is correct, including designing UAT.
• Prepare periodic management reports and financial statements.
• Assume new responsibilities for a fully automated mortgage loan reporting and reconciliation.
• Perform other duties as assigned.

SEC/Regulatory Reporting

• Manage the quarterly and annual SEC filings (i.e., 10-Qs and 10-K).
• Supervise the production of financial statements and support for Management’s Discussion and Analysis of Financial Condition and Results of Operations (MD&A) in the 10-Q/K.
• Collaborate with SME’s from other departments to ensure proper accounting for complicated transactions.
• Research current accounting and reporting issues, trends, and policies to be applied to applicable transactions and/or SEC filings.
• Manage all aspects of the Cash Flow Statement.
• Manage relationship with external auditors.
• Monitor, understand and implement FHFA regulations and the Office of Finance’s requirements pertaining to financial reporting.
• Research new FASB accounting pronouncement and assist in the implementation of changes.

XBRL Tagging

• Review, oversee and research XBRL tagging prepared by the third-party vendor to determine if the tagging is in compliance with SEC guidelines. Work closely with vendor to rectify tagging errors.
• Work closely with other 11 Federal Home Loan Banks to ensure XBRL tagging consistency within the FHLBank system.

Compliance

• Prepare, maintain and update accounting policies and procedures in conformity with SOX requirements.
• Manage relationship with internal audit.

Leadership/Supervisory

• Provide leadership to direct reports including career discussions, mid-year and annual reviews and mentorship.
• Supervise and manage both direct reports and processes. Ensure deadlines are met while producing high quality and efficient results.
• Drive change, be a promotor and initiator of impactful positive change.
• Drive collaboration and inclusion.
• Drive team motivation and morale.

Skills:

• Leadership and supervisor experience.
• Process management, professional, technical, interpersonal, communication and computer skills commensurate with experience.
• Result oriented, with the ability to multitask and work both independently and collaboratively.

Education & Experience:

Bachelor’s degree in accounting and CPA is preferred but not required.

A minimum of ten years relevant experience required.

Salary:

$180,000 -$195,000 

Skills: