Company
Federal Reserve Bank of Boston
As an employee of the Federal Reserve Bank of Boston (FRBB), you will work to promote sound growth and financial stability in New England and the nation. You will contribute to communities, the region, and the nation by conducting economic research, participating in monetary policy-making, supervising certain financial institutions, providing financial services and payments, playing a leadership role in the payments industry, and supporting economic well-being in communities through a variety of efforts. The Boston Fed is one of 12 Reserve Banks and we serve all or parts of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. Our mission is accomplished through our Bank's values: diversity, equity and inclusion, innovation, integrity, and leadership.
A requirement of this position is that the employee must be fully vaccinated against COVID-19 or qualify for an accommodation from the Bank's vaccination policy; individuals who are unable to be vaccinated due to a medical condition or sincerely held religious belief may request an accommodation from the Bank.
This job is eligible for a hybrid schedule with some on-site work expected.
Senior Analyst, Financial Planning & Analysis
As a Senior Analyst in our Financial Planning & Analysis (FP&A) department, you will conduct financial analysis and provide capital support for assigned business areas including Real Estate Services Group (RESG) and Law Enforcement Unit (LEU). You will also support Bankwide strategic planning, forecasting and budgeting (expense and capital), as well as monitoring and reporting on operational and strategic performance. You will partner with business leaders by providing financial and business guidance supported by data and analytics. You will develop annual and multi-year budgets and forecasts while ensuring compliance with Federal Reserve financial and cost accounting requirements. You will act as a trusted financial partner to stakeholders. You will rely on experience and judgment to plan and accomplish goals, and requires excellent communication skills, flexibility and versatility.
Reporting to the Director of Finance, you will often perform ad hoc analyses to support senior management or business line decision making. You will also build defensible and strategic annual expense and capital budgets, monthly forecasts, and multi-year business plans that align with the Bank's priorities, inclusive of headcount reporting. Separately but complementary to the ongoing analysis, you will prepare building metrics for various stakeholders i.e., system counterparts or the city of Boston.
Principal Accountabilities

• Conduct complex financial analysis on a variety of topics with minimal guidance. Prepare variance explanations and cost benefit analysis.
• Participate in the development of Bank-wide operating and capital budgets and forecasts.
• Provide high-level support, including the writing of correspondence, to senior management on a variety of tasks.
• Prepare financial and business-related analyses and research in such areas as financial and expense performance, and depreciation. Summarize key issues and collaborate with business areas to resolve them.
• Provide consultative finance and support to management and advise business areas and others when interpreting financial management policies or implement new programs.
• Review financial data to ensure compliance with cost accounting rules. Interpret cost accounting rules and determine the impact of accounting changes.
• Lead or contribute to special studies in areas such as our operational effectiveness, operating cost containment, industry benchmarking.

Qualifications:
Knowledge and experience normally acquired through, or equivalent to, the completion of a Bachelor's degree in accounting, finance, economics, or a related field and 6+ years of job-related experience.

• Master's degree preferred
• Excellent written and oral communications
• Strong quantitative and qualitative skills
• Effective interpersonal and team building skills
• Workday/Adaptive insights preferred
• Cost/Expense Accounting
• Finance, Budget and Forecasting
• Data Analysis and interpretation

Our total rewards program offers benefits that are the best fit for you at every stage of your career:

• Comprehensive healthcare options (Medical, Dental, and Vision)
• 401K match, and a fully funded pension plan
• Paid vacation and holidays; flexible work environment, healthy workflow
• Generously subsidized public transportation
• Annual tuition reimbursement
• Professional development programs, training and conferences
• And more...

The Federal Reserve Bank is committed to a diverse, equitable and inclusive workplace and to provide equal employment opportunities to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, or military service.
All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years. All candidates must undergo an enhanced background check and comply with all applicable information handling rules.
The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.
Full Time / Part Time
Full time
Regular / Temporary
Regular
Job Exempt (Yes / No)
Yes
Job Category
Work Shift
First (United States of America)
The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.
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