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Job description
Chicago, IL
nFull time
nR-
nCompany
nFederal Reserve Bank of Chicago
nAt the Chicago Fed, we are guided by our mission to strengthen the economy and our communities. We take great pride in our work and how we contribute to the Fed's mission. When you join our team, you will become part of a culture that welcomes differences, cares about our communities, and empowers each other to pursue our work interests and career goals.The Finance Department has an immediate opening for an Accountant on the Corporate Accounting and Compliance team. Working with a small team of Accountants, you will support general accounting and compliance related tasks at the Chicago Fed. You will be responsible for daily accounting activities, researching solutions for proper accounting treatment, with a goal of ensuring accuracy and timeliness of the execution of your operational tasks. You will report to the Accounting Supervisor within the Corporate Accounting and Compliance Team. You will work on a hybrid model.
nYour Responsibilities:
nnnUnder limited supervision, perform general accounting activities including the preparation, maintenance, reconciliation of ledger accounts and financial statements.
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nnPrepare monthly, quarterly, and ad hoc journal entries and general accounting tasks. Help identify and address discrepancies and irregularities and implement solutions as appropriate.
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nnPerform a variety of routine and moderately complex review functions, ensuring compliance with Generally Accepted Accounting Principles (GAAP) standards, Federal Reserve policies, and best practices.
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nnAssist with compliance functions including supporting the Bank’s SOX/COSO area.
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nnParticipate in daily assignments and cross-functional workgroups, as applicable, partner with other departments and Districts to ensure shared transactions/processes are completed accurately and timely, communicate effectively with all partners to ensure transactional integrity and issue resolution.
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nnBuild relationships with internal business stakeholders and participate in regular touchpoints with business areas.
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nnPrepare, review, and analyze accounting records, and other financial reports.
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nnPerform other duties as assigned or requested.
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n nYour Background:
nnnMinimum 1 year of relevant work experience.
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nnBachelor’s degree in Accounting or related field required.
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nnFamiliarity with Enterprise Resource Planning (ERP) or other accounting software a plus.
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nnKnowledge of and ability to interpret and apply Financial Accounting Manual (FAM) guidelines and Generally Accepted Accounting Principles (GAAP)
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nnAnalytical and problem-solving ability appropriate for subjects and issues of moderate complexity
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nnAcute attention to detail with a high degree of data accuracy and integrity
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nnStrong oral and written communication, ability to work on required information and concepts with people at all levels of the organization
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nnStrong interpersonal skills and ability to work with people at all levels of the organization
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nnProficient computer skills including Microsoft Outlook, Word, Excel, and PowerPoint, along with several other software applications as needed for the role
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nnAbility to provide accurate training and guidance on financial compliance and use of accounting/financial tools
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nnStrong time management skills, ability to organize your time appropriately.
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n nWhat we offer:
nnnComprehensive benefits package includes medical, dental, vision, prescription drug coverage, 401k savings plan, retirement plan, paid time off, transit benefit, onsite gym and subsidized cafeteria
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nnA continuous learning environment with opportunities to gain new skills and grow your career
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nnThe Chicago Fed offers benefits to support overall health and financial security. Learn more about our benefits here:
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n nLocation: In office posture: This role is expected to be on-site in the Chicago office.
nOther Requirements:
nnnApplicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.
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nnAs a condition of employment, Federal Reserve Bank of Chicago employees must comply with the Bank’s ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting, who can provide you contact information for our ethics official if necessary.
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nnThe expected starting salary range for this position is between $71,700 and $84,800 annually in addition to annual performance-based discretionary bonuses. Final salary and offer will be determined based on the applicant’s relevant experience, skills, internal equity, and alignment with geographic and other market data.
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nnAlways verify and apply to jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels.
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nnThis document indicates the general nature and level of work performed by employees within this position. It is not a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. An employee's responsibilities, tasks, and duties might differ from those outlined in the job description, and other duties, as assigned, are a part of the job. The Federal Reserve Bank of Chicago reserves the right to modify the elements of this job description, as business needs require.
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n nWe are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status.
nFull Time / Part Time
nFull time
nRegular / Temporary
nRegular
nJob Exempt (Yes / No)
nYes
nJob Category
nAccounting/Finance Family Group
nWork Shift
nFirst (United States of America)
nThe 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.
nAlways verify and apply to jobs on Federal Reserve System Careers ( ) or through verified Federal Reserve Bank social media channels.
nPrivacy Notice (
nOUR BANK has one of the most recognizable brands around the world. The Federal Reserve is the central bank of the United States—one of the world's most influential, trusted and prestigious financial organizations. The Federal Reserve is charged with the important mission of promoting a strong economy and a stable financial system and fulfills this responsibility by formulating national monetary policy, supervising and regulating banks and bank holding companies, and providing financial services for banks and the U.S. government.
nOUR PEOPLE are diverse in background and ideas, which allows for ongoing creativity and innovation. Ultimately, they are the ones who push our high-performance, exchange-driven culture forward.
nWhy Our People Choose Us:
nOur reputation precedes us
nThere will always be room for personal growth
nOur people are first
nYou’ll find the right balance
nYour responsibilities will be meaningful
nWe hope that you will be our future colleague.
nAlways verify and apply to jobs on Federal Reserve System Careers ( or through verified Federal Reserve Bank social media channels.
nPlease check back later for more information on available job opportunities.
Worksite address
chicago, IL, 60290, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.