Director of Finance & Accounting

Company
Federal Reserve Bank of Boston
As an employee of the Boston Fed, 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. Bank Hybrid - This job is eligible for a hybrid schedule with some on-site work expected
Job Summary
The Federal Reserve Bank of Boston (FRBB) is administering special lending facilities to support lending provided to small and medium-sized businesses due to exigent circumstances caused by the COVID-19 pandemic.
This position reports directly to the AVP - Special Lending Finance, Accounting & Operations and is responsible for overseeing teams responsible for daily accounting and operations functions. This position relies on extensive experience and judgment to plan and accomplish goals and requires flexibility and versatility.
Principal Accountabilities
This position is responsible for overseeing teams focused on the daily management of the Main Street Lending Program's operations tracking, responding to complex lender inquiries, daily cash movement, accounting records, periodic reporting, and collaborating with Reserve Bank stakeholders.

• Manage the day-to-day operations of Main Street with ongoing loan portfolio activity including lender merger and acquisition updates, lender inquiries, and agreement updates
• Oversight of completeness and accuracy of accounting and periodic reporting including year-end audited financial statements
• Oversee maintenance of policies and procedures for the management of Main Street's operations and accounting functions
• Support the AVP - Special Lending Finance, Accounting & Operations with project management coordination and communication
• Directly manage medium size projects or phases in a project as requested
• Oversee maintenance of existing reporting or development of new reporting specific to the needs of Main Street's daily operational requirements
• Provide support as needed pertaining to communications and presentations to the broader Main Street team and Governance committees
• Partner with Local and National finance teams to ensure the appropriate integration into budgets, forecasts and consolidated financial results
• Manage other related efforts, such as technical accounting research, guidance implementation, financial reporting disclosure requirements, procedure enhancements and process streamlining
• Oversee reference rate reform transition
• Additional areas of focus include project management, working cross-functionally with groups such as risk and controls, Reserve Bank accounting, Reserve Bank legal, Reserve Bank corporate communications, and Board of Governors

Other Accountabilities
Perform other duties as assigned.
Supervision
This position will be required to directly or indirectly supervise others.
Knowledge and Experience
Knowledge and experience normally acquired through, or equivalent to, the completion of a Bachelors' degree in accounting, auditing, and/or bank operations and a minimum of 7 years of job-related experience
Demonstrated team management and project management skills
Excellent qualitative and quantitative analytical skills
Strong written and verbal communications skills
Ability to multi-task and shift priorities on short notice
CPA or financial reporting experience preferred
A successful candidate will also be able to:

• Demonstrate good judgment and well-reasoned decision making in situations that may involve complex issues, public scrutiny, market reactions, and potentially adversarial circumstances

• Manage relationships with excellent interpersonal skills as well as effective negotiation and conflict resolution
• Deliver excellent written and oral communications, with proven ability to effectively package and present material to senior management
• Multi-task, work with agility, and continuously prioritize to deliver in a timely and thorough manner
• Show the ability to work across an organization with peers and vendors as well as up to a matrixed executive team
• 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.

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
Supervisory/Management
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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