Financial Analyst I

Federal Home Loan Bank of New York•New York, NY

4d•$110,000 - $115,000

About The Position

This position will support the production of the departmental analytical and financial reports. Additionally, this position will participate in special projects as required. Departmental Reporting • Update the transactional data for all operating expenses and selected balance sheet accounts for use in analyzing daily account activity. • Assist in monitoring operating expense accounts in the Bank’s general ledger for accuracy and integrity of the transactions. Prepare the necessary adjusting journal entries and advise other units of the Bank on operating expenses. • At month-end, support the preparation of analytical reports to the CFO such as operating expense variance analysis, allocation, and compliance expense analysis. • Review the project expenditures charged to the Workday Capital Projects for accuracy and integrity of the transactions that includes the capitalization of the projects and disposal of fully depreciated assets. Also, advise managers in other units of the Bank on how to charge these expenditures correctly. Prepare necessary adjusting entries for incorrect entries. • At quarter-end, assist in the preparation of the service fee income analysis report. • Support the development, maintenance, and enhancement of analytical reporting tools for the preparation of financial reports such as revenue and expense variance analysis, and cost allocations. • Provide ad-hoc reports for the managers of the department to be used when preparing in-depth analytical reports. • Participate in special projects as requested by the CFO or other senior managers of the Bank. Annual Budgeting and Forecasting • Participate in the development of the annual business plan and forecast, including the review of the baseline operating expenses and service fees revenue submissions in the Workday Adaptive Planning application. • Participate in the review of new projects that were submitted in the ServiceNow project module. • Update the capital forecast for the current year and calculate the forecasted and planned depreciation expenses by cost center. • Participate in the preparation of the budget packages for group heads review and the Board of Directors’ approval. Applications Maintenance and Enhancement • Participate in the maintenance of the Workday Adaptive Planning application. • Participate in any upgrades to the reporting and analytical software used in the department.

Requirements

Six or more years’ experience in budgeting and financial reporting such as financial forecasting and analysis.
Working knowledge of General Accounting and Budgeting applications.
Proficiency in MS Office Suite.

Responsibilities

Update the transactional data for all operating expenses and selected balance sheet accounts for use in analyzing daily account activity.
Assist in monitoring operating expense accounts in the Bank’s general ledger for accuracy and integrity of the transactions.
Prepare the necessary adjusting journal entries and advise other units of the Bank on operating expenses.
Support the preparation of analytical reports to the CFO such as operating expense variance analysis, allocation, and compliance expense analysis.
Review the project expenditures charged to the Workday Capital Projects for accuracy and integrity of the transactions that includes the capitalization of the projects and disposal of fully depreciated assets.
Advise managers in other units of the Bank on how to charge these expenditures correctly.
Prepare necessary adjusting entries for incorrect entries.
Assist in the preparation of the service fee income analysis report.
Support the development, maintenance, and enhancement of analytical reporting tools for the preparation of financial reports such as revenue and expense variance analysis, and cost allocations.
Provide ad-hoc reports for the managers of the department to be used when preparing in-depth analytical reports.
Participate in special projects as requested by the CFO or other senior managers of the Bank.
Participate in the development of the annual business plan and forecast, including the review of the baseline operating expenses and service fees revenue submissions in the Workday Adaptive Planning application.
Participate in the review of new projects that were submitted in the ServiceNow project module.
Update the capital forecast for the current year and calculate the forecasted and planned depreciation expenses by cost center.
Participate in the preparation of the budget packages for group heads review and the Board of Directors’ approval.
Participate in the maintenance of the Workday Adaptive Planning application.
Participate in any upgrades to the reporting and analytical software used in the department.