FINANCIAL STATISTICS ANALYST I

Federal Reserve Bank Of Atlanta • Philadelphia, PA

400d • Remote

About The Position

The Financial Statistics Analyst I position at the Federal Reserve Bank of Philadelphia is an entry-level role focused on collecting, monitoring, and analyzing financial reports from banking institutions. The analyst will ensure the integrity of these reports, which include income statements and balance sheets, and will work under direct supervision to support the safety and soundness of banking organizations and monetary policy. This role involves communication with financial institutions and requires a foundational understanding of banking regulations and accounting principles.

Requirements

• Bachelor's degree (concentration in accounting, finance, or management) preferred; or equivalent related work experience and education is required.
• Strong analytical skills.
• Strong critical thinking skills.
• Strong written and verbal communication skills.
• Strong organizational and time management skills.
• Skilled use of Microsoft suite (e.g. Excel, Word, PowerPoint).
• Familiarity with financial and banking structure data is preferred.
• Database or statistical software for data analysis is preferred.

Nice To Haves

• Familiarity with financial and banking structure data is preferred.
• Database or statistical software for data analysis is preferred.

Responsibilities

• Collect, evaluate, and analyze bank financial and structure reports under direction using standard applications and software.
• Work with guidance and consult with senior staff and management in review and evaluation of data anomalies and bank explanatory information.
• Refer complex or unusual cases to senior staff or management.
• Monitor deadlines and provide senior staff with periodic status reports and interact with other analysts to ensure completeness of data and resolution of discrepancies.
• Edit and analyze non-complex structure data and financial reports and statements for conformity with accounting principles and regulatory requirements.
• Communicate with financial institutions to investigate and resolve unusual fluctuations in data.
• Develop comprehension of basic and extended editing concepts.
• Utilize basic analysis, editing, data extraction, and viewing techniques to analyze data, detect errors, maintain accurate reporting panels, and provide meaningful explanatory information.
• Understand the business or financial condition of assigned institutions.
• Successfully complete select courses and/or on-the-job training to deepen and broaden functional knowledge including applicable regulations and developments related to the banking industry, as well as data retrieval techniques and editing methodologies.
• Enhance professional development by reading technical memoranda, report instructions, user guides, press releases, and other professional literature.
• Demonstrate basic knowledge of bank accounting and banking regulation.

Benefits

• Medical (4 options), Prescription, Dental (3 options), and Vision Insurance with no waiting period
• 401k/Thrift Plan with generous employer match
• Employer-funded Pension Plan
• Paid Vacation/Sick Time & Holidays
• Monthly $100 Commuter Allowance
• Flexible Spending Accounts and Healthcare Spending Accounts
• Flexible Work Schedule available in most departments
• Life Insurance and Long Term Disability Insurance
• Tuition Reimbursement (undergraduate and graduate)
• Parental Leave
• Free onsite 24/7 Fitness Center including training classes, Peloton bikes and locker room / shower facilities
• Onsite Cafeteria & Coffee Shop
• Additional Convenience Benefits, Discounts and More…

What This Job Offers

• Job Type: Part-time
• Career Level: Entry Level
• Industry: Monetary Authorities-Central Bank
• Education Level: Bachelor's degree