🚀 Financial Programs Analyst - DFM

Financial Programs Analyst - DFM at Federal Reserve Board

Minimum Education

Bachelor's degree or equivalent experience

Minimum Experience

1 year

Position Description

Summary

The Financial Programs Analyst participates in day-to-day activities of the section, including accurately and timely verifying that financial payments are proper, correct, and in accordance with policies, procedures, laws, and regulations. Verifies data feeds by testing, reconciling, and auditing information against source records and systems. Negotiates the resolution of payment issues with Board vendors, suppliers, and employees. Supports Internal Control (COSO) efforts by creating/updating process documentation/test scripts and identifying risk areas. Uses knowledge of software applications to receive, transmit, verify, and troubleshoot various information to and from vendors. Produces moderately complex reports from transactional systems and reporting tools. Conducts on-going, quarterly, and annual SOX testing, and performs user testing on upgrades, patches, and enhancements. Performs peer reviews of work to ensure accuracy.

Duties and Responsibilities

• Advises employees on accounting and payroll policies and programs.
• Researches and troubleshoots issues that would negatively impact transaction processing.
• Works with ASAP personnel and supervisors to resolve automation issues, ensuring the accuracy of transactions entered into the Oracle/PeopleSoft automated system.
• Ensures that payroll and accounting codes are accurately maintained in the PeopleSoft or Oracle tables.
• Participates in the development and implementation of new procedures arising from new benefits programs or changes in automation systems, including providing guidance on the impact of program changes to employees.
• Reviews and audits reports and data input from all divisions to ensure accuracy of processing.
• Analyzes and reconciles account balances on a bi‑weekly, monthly, quarterly, and annual basis.
• Ensures compliance with SOX by documenting processes, identifying risk areas, and ensuring that adequate controls are in place; conducts quarterly SOX testing and payroll testing on major PeopleSoft/Oracle upgrades.
• Performs special studies and participates in projects involving analyses of specific payroll and benefits arrangements and/or the evaluation of policies, procedures and controls; supports the Board’s external auditors, the Office of Inspector General and the Risk Management function.
• Prepares responses to federal and state tax reporting entities.
• Uses knowledge of various Government/Reserve Bank software applications to receive and transmit accurate Board files to vendors; provides documented format or interfacing information to Government agencies and other organizations for verification, validation, or reporting requirements.
• Assists peers and other outside department staff in applying Board Policy, and Federal and State laws (where applicable) to processing transactions in PeopleSoft and other vendor related software applications.
• Develops own professional skills, maintains awareness of evolving information‑processing technologies through professional publications, and identifies appropriate direction for own professional development.

Position Requirements

Must have general knowledge and understanding of concepts, principles, and practices in the financial field (including accounting, accounts payable/receivable, payroll, expense management, and/or reporting), typically acquired through a bachelor’s degree in a related field (or equivalent work experience) and one year of experience. Experience with automated systems such as Coupa and Workday is desired. Must be proficient in office automation software and have basic Excel knowledge. Is able to keep abreast of changes of professional concepts and translate those developments to Board requirements. Must have demonstrated excellent customer relations skills and ability to interact with all levels of the Division staff effectively. Certification (or demonstrated progression to obtaining such) in a field such as CPA or CPP desired.

FR‑24 (Senior Financial Programs Analyst)

Must meet the qualifications of the preceding grade in addition to three years of experience. Certification (or demonstrated progression to obtaining such) in a field such as CPA or CPP preferred.

Primary Location

DC‑Washington

Employee Status

Regular

Overtime Status

Exempt

Job Type

Standard

Work Shift

1st Shift

Relocation Provided

Yes

Compensation Grade (Low)

FR PAY GRADE 23

Compensation Grade (High)

FR PAY GRADE 24

Minimum Salary

$81,200.00

Maximum Salary

$146,800.00

Posting Date

Oct 27, 2025

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