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Accountant I (AP/AR)

Location Boston

The Federal Home Loan Bank of Boston is a leading provider of wholesale funding for housing and community finance in New England serving more than 420 financial institutions across the region. The Federal Home Loan Bank of Boston is committed to making New England a better place to live and do business, and our employees are integral to our success. As a cooperative, we are owned by more than 420 banks, credit unions, insurance companies, and community development financial institutions that access tens of billions of dollars of our reliable, wholesale funding each year. Our funds are a vital resource that helps our members succeed, provide families with safe, decent affordable housing, and generate economic development that creates jobs in communities throughout our region.

Our highly skilled team of 200 is innovative, collaborative, and passionate about the work we do. We seek other professionals excited to share their knowledge, talent, and passion for our mission to join our team. We offer opportunities for career development, robust benefits, and a work-life balance.

Position Summary

The Accountant I reports to the AVP/Senior Accounting Manager and supports the team in maintaining accurate and reliable accounting records and preparing accurate and timely financial reports. The Accountant I is responsible for the timely processing and accounting of the Bank's accounts payable disbursements according to established procedures and guidelines.

This role is ideal for an experienced professional who enjoys this type of work.

This role will have a hybrid work schedule in our Boston office in accordance with the Bank’s Hybrid Work Program. Thursday is expected to be one of the in-office days due to this role’s responsibilities. 4 days a week (Monday through Thursday) will be expected in the office to support onboarding initially, up to 90 days.

Anticipated Pay Range

The anticipated base pay range for this role is $51,500 - $83,950. This role is classified as non-exempt.

This role is based in Boston with weekly in-office expectations. The base pay posted represents the annual base pay range or hourly wage range that we expect to offer for this job opportunity. The actual base salary offer will depend on a variety of factors including relevant experience, required skills and other relevant factors. The range noted here is not indicative of all positions in the job grade within which this position falls.

All Bank full-time positions are eligible to participate in our annual incentive program and our robust total rewards offerings, in addition to the base pay.

For more information, visit Careers - FHLBank Boston (https://www.fhlbboston.com/about-us/careers/)

Specific Responsibilities

Accounts Payable/Accounts Receivable (anticipated to be about 50% of the time)

• Processes all accounts payable invoices, ensuring proper accounting.

• Manage the shared Accounts Payable email account, in addition to toggling between personal and other communication methods to ensure all AP/AR tasks are attended to and completed in a timely fashion with minimal supervision.

• Receive and examine all invoices, enter into Workday to route for proper authorization.

• Backup reviewer of expense reports, ensuring documentation of expenses is proper. Verifies that submitted expenses comply with the Bank’s Travel Policy.

• Prepare and issue payments to all payees.

• Communicate with suppliers and Bank staff to resolve any issues related to accounts payable.

• Set up new suppliers in Workday, ensuring proper tax documents and bank information are received.

• Analyzes receivable and payable general ledger accounts on a monthly basis:

o Prepare monthly reconciliation of outstanding items

o Resolve/clear aged items that remain in these accounts

General Accounting Duties

• Responsible for the daily general ledger postings, clearance of all daily balances in suspense accounts, and publishing of the daily statement of condition.

• Responsible for completing daily cash reconciliations in collaboration with our Bank Operations function.

• Maintains accounting and control of fixed assets activity and ensures proper depreciation expense is recorded monthly

• Analyzes additional general ledger accounts and reconciles differences with subsidiary ledgers in conjunction with the month-end closing process

• Prepare deposits for all checks received and ensure proper recording in Workday

• Assist in the month end closing process

• Prepare annual Form 1099 for accounts payable disbursements made to individuals

• Process directors’ fees (deferred) and maintain directors’ fees and expense schedule

• Assist with identifying taxable fringe benefits

• Assist in new Workday functionality testing or related projects as needed

+ Other duties, as assigned

Education

+ Bachelor’s Degree in Accounting or relevant work experience that demonstrates strong accounting knowledge.

Background

+ 2+ years of experience in accounts payable is expected.

+ Current or previous accounting experience must include preparing general ledger account reconciliations and journal entries.

+ Demonstrated experience using Microsoft Office 365 productivity tools (Outlook, Teams) and proficiency with Excel and Word

+ Ability to work in a dynamic and collaborative office environment

+ Effective interpersonal communications skills for a professional work environment, inclusive of in-person, email and direct messaging.

+ Ability to prioritize competing tasks and meet deadlines while maintaining accuracy.

+ Strong attention to detail and solid analytical skills a must

+ Workday is a required tool for this role. Current or recent Workday experience is a plus, training will be provided.

As an Equal Opportunity Employer, we strongly encourage applicants from every ethnicity, color, religion, gender, age, national origin, disability, veteran or parental status and sexual orientation.

Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.

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