Federal Home Loan Bank of New York · 4 hours ago
Financial Analyst I
New York, United States
Full-time
Onsite
Mid, Senior Level
$110K/yr - $115K/yr
6+ years expFederal Home Loan Bank of New York is seeking a Financial Analyst I to support the production of departmental analytical and financial reports. This role involves updating transactional data, assisting in monitoring operating expense accounts, and participating in special projects as required.
Financial ServicesInsuranceVenture Capital
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
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
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
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
Qualification
Required
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
Company
Federal Home Loan Bank of New York
Federal Home Loan Bank of New York is a banking firm providing financial liquidity to financial institutions in New York and New Jersey.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Randolph Snook
President and CEO
Recent News
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