Responsible to assist the Accounting Manager with the accounting process of Agency and assuring that the Agency is in compliance with policies and procedures. Maintains close relations with the Controller's Division at Head Office, internal auditors, independent external auditors and regulatory. Must be able to work on numerous concurrent projects and tasks managing resources to meet changing priorities and deadlines by performing the following duties personally or through subordinate managers
Essential Duties and Responsibilities
Directs, directly and functionally, the accounting process of the Agency in accordance with established policies and procedures
Develops and maintains the General Ledger for preparation of regulatory reports
Supports Accounting Manager with financial control of the Agency that includes, among other matters:
administration and control of accounting records
verification of the daily and monthly closing
reconciliation and adjustment of accounts
accounts payable and accounts receivable
Reviews list of current leases and maintenance contracts for cost-benefit analysis
Makes all manual entries to accounting system for subsequent posting
Balances and edits all manual accounting department entries in accounting system
Prepares analysis of accounts, as required
Assists in monthly closings
Reconciles all "due from Agency" accounts, including Federal Reserve account
Reconciles all foreign exchange nostro accounts
Reconciles all accounts receivable, funds pending disposition, and other bridge and suspense accounts
Assists with accounts receivable and special projects, as necessary
Reconciles pre-paid expenses, accrued expenses and account receivables on a monthly basis
Accounts Payable
Processes invoices and internal expenses reports for payment including detailing accounting entries, G/L accounts, vendor, etc., for officer pre-approval
Enters approved payment instructions into system for processing
Answers vendor inquiries
Analyzes vendor accounts
Prepares and mails accounts payable checks
Prints all accounts payable reports and maintains all accounts payable files and records
Regulatory Reporting
Responsible for generating and maintaining Maturity Distribution Report
Responsible for generating and submitting to FED Asset Maintenance and Liquidity Ratio Reports on a daily basis
Responsible for generating and submitting to OFR Asset Maintenance Report on a quarterly
Generates, reviews and submits to Federal Reserve Bank FR2900 report on weekly basis
Generates, reviews and submits to Federal Reserve Bank FFIEC019 Country Exposure Report on a quarterly basis
Generates, reviews and submits to Federal Reserve bank FR2915 Foreign Currency Deposits Report on a quarterly basis
Generates, reviews and submits to Federal Reserve bank Treasury Reports BC-Claims (monthly), BL-1 Liabilities (monthly), BQ2 Foreign Currencies (quarterly)
Compliance Responsibilities
All staff members are required to comply with the Bank Secrecy Act, the Federal Election Campaign Act of 1979, the Foreign Corrupt PRactices Act and the Bank Bribery Amendments Act
Requirements
Associates degree in accounting or equivalent
At least four years related experience and/or training; or equivalent cominbation of education and experience
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals.
Ability to effectively present information and respond to questions from groups of managers, clients, and the general public
Ability to speak, understand, read, and write Spanish
Ability to work with mathematical concepts such as probability and statistical inference
Ability to apply concepts such as fractions, percentages, ratios and proportions to practical situations
Ability to operate IBM compatible personal computers and terminals
Ability to use Microsoft Word and Microsoft Excel
Ability to use DataPro eIBS
Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists
Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form
Must be able and willing to travel to domestic and foreign destinations up to 30 days per year
