About the Opportunity

TheCorporate Accounting Department has immediate openings for a Senior and Intermediate Accountant. The accountant’s role will be to ensure accurate and timely accounting and reporting processes in a strong control environment. These roles will assist with supporting the Federal Reserve System which includes System IT. This is a great opportunity to utilize IT accounting knowledge including software development and skills applicable to technology projects and considerations.

What You Will Do: 

In accordance with Generally Accepted Accounting Principles (GAAP) standards, Federal Reserve policies, 

and best practices:  

• Investigate a broad spectrum of accounting issues, developing explanations of financial performance and other complex financial reports, participates in coordinating quarterly and/or annual reporting efforts 

• Prepare, review, and analyze complex accounting records, financial statements, and other large scale financial ​activities. 

• Develop, prepare, maintain, and reconcile accounting and fixed asset ledgers. 

• Record capital assets and verify expenditures. 

• Interpret contract language to determine the proper accounting treatment of transactions as it relates to GAAP and FRB accounting guidelines. 

• Perform standard monthly accrual journal entries and reporting, and/or ad-hoc project assignments which require planning, research and analysis. 

• Analyze business operations, trends, and financial commitments to project future outcomes. 

• Identify and address discrepancies and irregularities and implement solutions as appropriate. 

• Clarify, implement, and document procedures, e.g., treatment of labor capitalization, cloud-transition costs, and software accounting. 

• Provide guidance and direction to team members, partners, and customers on accounting issues 

• Project assignments which require planning, research, and analysis. 

• Other duties as assigned or requested. 

Qualifications: 

• The Intermediate level Accountant will have 3 to 5 years of relevant experience, and the Senior level Accountant will have a minimum of 5 to 9+ years of relevant work experience 

• Minimum of 3 years working with GAAP. 

• Bachelor’s degree in accounting or related field required, MBA or advanced degree preferred. 

• CPA preferred. 

• Organized and detail-oriented with a high degree of data accuracy and integrity. 

• Excellent analytical and problem-solving ability appropriate for subjects and issues of moderate complexity 

Discover the Reason Why So Many People Love It Here! 

When you join the Richmond Fed, not only will you find a challenging and purposeful career, you’ll also have access

to a wide range of benefits and perks that support your health and wealth, including: 

• Great medical benefits 

• Pension and 401(k) with employer