Senior Financial Instruments Accountant

Benefits Overview

A career at CoBank can offer you the opportunity to make a personal impact on the people and communities where we do business. When you choose a career with CoBank, you make a difference by standing for something that matters. In order to be the best, we hire the best!

Remarkable Benefits Offered by CoBank

• Careers with a purpose.
• Time-Off Packages, 15 days of vacation, 10 paid sick days and 11 paid holidays
• Competitive Compensation & Incentive
• Hybrid work model: flexible arrangements for most positions
• Benefits Packages, including Medical, Dental and Vision coverage, Disability, AD&D, and Life Insurance
• Robust associate training and development with CoBank University
• Tuition reimbursement for higher education up to $10K
• Outstanding 401k: up to 6% matching and additional 3% non-elective contribution
• Community Impact: United Way Angel Day, Volunteer Day and Associate Directed Contribution
• Associate Resource Groups: creating a culture of respect and inclusion
• Recognize a fellow associate through our GEM awards

 

Job Description

Applies specialized knowledge of financial instruments to perform all aspects of accounting and reporting for the investment, debt and preferred stock portfolios. Performs general accounting activities for debt, investments and preferred stock financial instruments, as well as financial reporting requirements. Reconciles any differences between the sub-ledger systems to the general ledger system. Prepares and delivers financial instrument information for internal and external audits and SOX testing.

Essential Functions

1. Establishes proper accounting and reporting procedures, resolves discrepancies, and manages the preparation of complex analysis and reports for the Market Risk Committee, Asset Liability Committee and the Board of Directors. 2. Implements appropriate procedures to ensure financial instrument accounting compliance with GAAP. Maintains independence of controller division in applying accounting theory and GAAP. 3. Reviews investment and debt journal entries produced to the general ledger from the financial instrument accounting system on a daily basis. Reconciles accounting records with transaction activities. Identify any discrepancy and/or mistreatment in the sub-ledger system. 4. Performs month-end general accounting including any or all of the following: Obtains market values for all investment portfolio positions from a third-party service provider. Reconciles month-end investments for the financial instrument accounting system and third party investment custodians. Prepares system-to-system reconciliation between financial instrument accounting systems and general ledger. 5. Participates in monthly, quarterly and annual close processes.

Education

• Bachelor's Degree required

Work Experience

5 years of relevant experience, preferably in banking or the financial services industry. required

Physical Exertion Details

Sedentary Exerting up to 10 pounds of force occasionally (Occasionally: activity or condition exists up to 1/3 of the time) and/or a negligible amount of force frequently (Frequently: activity or condition exists from 1/3 to 2/3 of the time) to lift, carry, push, pull, or otherwise move objects, including the human body. Sedentary work involves sitting most of the time, but may involve walking or standing for brief periods of time. Jobs are sedentary if walking and standing are required only occasionally and all other sedentary criteria are met.

Travel Requirement Details

Occasional Travel occurs infrequently (typically, once a month or less).

About CoBank

The typical base pay range for this role is between $85,900-98,240. Compensation may vary based on individual job-related knowledge, skills, expertise, and experience. This position is eligible for a discretionary annual incentive program driven by organization and individual performance.

The listed salary, other compensation and benefits information is accurate as of the date of this posting. This job will be posted for a minimum of five (5) business days or until the position is filled. CoBank reserves the right to adjust compensation for all positions and to modify or discontinue benefits programs at any time in its sole discretion, subject to applicable law.

 

CoBank is a cooperative bank serving vital industries across rural America. The bank provides loans, leases, export financing and other financial services to agribusinesses and rural power, water and communications providers in all 50 states. The bank also provides wholesale loans and other financial services to affiliated Farm Credit associations serving more than 76,000 farmers, ranchers and other rural borrowers in 23 states