• Job Description

  Req#: R-0000025217

  Company

  Federal Reserve Bank of Minneapolis

  Are you interested in growing professionally within a dynamic and highly respected organization that respects work-life balance and offers comprehensive benefits? If so, the Federal Reserve Bank of Minneapolis has the perfect opportunity for you.
  
  We are seeking to fill the vacancy for a Financial Analyst, if you have collaborative people skills combined with a strong foundation in finance and communication skills, we invite you to consider working with us!
  
  The Financial Management Group (FMG) is comprised of Financial Planning and Analysis, Financial Accounting and Administration, and Accounts Payable.
  
  The vision, goals, and objectives of FMG are aligned to support the mission of the Bank to serve the public by pursuing a growing economy and stable financial system that work for all of us.
  
  The Bank believes in flexibility to balance the demands of work and life while also recognizing the necessity of connecting and collaborating with our colleagues in person. Onsite work is an essential function of this position, and you are expected to be in the office 3 days per week for meetings and team collaboration, unless directed otherwise by your supervisor.
  
  Application deadline: November 10, 2024

  Our Financial Planning and Analysis (FP&A) group is seeking to fill a FP&A Financial Analyst position on our business line support team. As part of our central finance function, you will support the Bank's decision making and compliance functions with timely, accurate, and reasonable financial information and projections.

  You will partner with business areas to develop operating financial plans to respond to their needs and help ensure that financial management reporting and cost allocation is compliant with Federal Reserve System expectations.

  You will develop broad perspectives on the Bank while applying strong communication, finance, and analytical skills to ensure efficient and effective budget and forecast processes and provide ready access to useful and accurate information and analyses for Bank management.

  Responsibilities:

  • Work with business areas to create monthly forecasts, annual budgets, and explain direct and indirect costs for their operations.

  • Conduct variance analysis on actuals/forecast/budget to tell the financial story to business lines, internal teams, and System stakeholders.

  • Work in financial applications to input accurate FTE and non-personnel spend aligned to business needs.

  • Serve as a financial consultant and working with Senior Management, providing detailed and complex analyses to aid in decision making.

  • Research, analyze, and compile financial data from multiple sources to produce business information.

  • Assign business line spend to appropriate activities for activity-based costing and reporting.

  • Provide guidance and support on position management, including reconciliation of data for backfills, repurposes, or new position requests and how those impact financials to ensure accurate cost center, start and end dates, and level in our Systems.

  • Lead or participate in projects and workgroups that impact the Bank and the Federal Reserve System.

  • Review employee activity assignments to ensure salary expenses are allocated to the appropriate activities.

  • Perform the analyses and the writing of the Bank's budget document for the Board of Governors.

  • Provide information to System contacts about business line assumptions.

  • Prepare financial performance, scenario, and ad hoc analyses to aid in decision making.

  • Review, verify, and analyze financial information for accuracy and compliance.

  • Develop and maintain procedures for your business lines specific processes and shared team processes.

  Qualifications:
  To be considered for a FP&A Financial Analyst II:

  • Bachelor’s degree in finance or related field and minimum of 2 years of full-time experience is required OR

  • Associate degree in finance or related field and minimum of 4 years of full-time experience is required

  To be considered for a FP&A Financial Analyst III:

  The amount of responsibility, complexity, and oversight of work will vary depending on level. A level III analyst will work more independently, provide work direction, lead projects, support complex business functions, and engage in more complex project assignments and analyses.

  • Bachelor’s degree in finance or related field and minimum of 4 years of full-time experience is required OR

  • Associate degree and minimum of 6 years of full-time experience is required

  Applicable at both levels:

  • Experience managing and adapting to multiple concurrent projects, shifting priorities, deadlines, and informational needs.

  • Ability to take initiative and work well with a multitude of individuals and levels within the organization.

  • Strong written and verbal communication skills, including demonstrated ability to communicate complex concepts to a wide range of audiences, including executive management, and individuals with various knowledge levels.

  • Strong finance, analyses, project, and time management skills.

  • Proficiency with Microsoft Teams/Office 365 and strong Excel skills are required.

  • Understanding the role of compliance in tandem with customer service is highly valued.

  • Ability to combine a big picture perspective with a high level of attention to detail.

  • Ability to work collaboratively and contribute to a team setting, as well as the willingness to work independently without extensive oversight.

  • Experience with Workday, Adaptive Planning, Office Connect, Power BI, Tableau, SharePoint and/or other reporting tools is preferred.

  • MBA or professional certifications preferred.

  Additional Information:

  Financial Analyst II: $60,600.0 - $75,777.0- $90,900.0 annual

  Financial Analyst III: $75,900.0 - $94,913.0 - $113,900.0 annual

  Salary offer will be based on qualifications/experience of the candidate, alignment with market data, the needs of the position, our total compensation package, and internal equity.

  Our total rewards program offers benefits that are the best fit for you at every stage of your career:

  • Comprehensive healthcare options (Medical, Dental, and Vision)

  • 401(k) match, and a fully funded pension plan

  • Paid time off and holidays

  • Generously subsidized public transportation

  • Annual educational assistance

  • On-site fitness facility

  • Professional development programs, training, and conferences

  • And more…

  The Minneapolis Fed is committed to developing a diverse workforce and providing an inclusive environment where all employees are respected and valued. We believe that we can foster development opportunities for all and reach our full potential by recognizing the unique experiences and identities of each of our colleagues. From economists to cash specialists , we work together to represent you in our economy.

  Full Time / Part Time

  Full time

  Regular / Temporary

  Regular

  Job Exempt (Yes / No)

  Yes

  Job Category

  Accounting/Finance

  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.

  Always verify and apply to jobs on Federal Reserve System Careers ( https://rb.wd5.myworkdayjobs.com/FRS ) or through verified Federal Reserve Bank social media channels.

  Privacy Notice

• About the company

  The Federal Reserve System is the central banking system of the United States of America.

Notice