Senior Accountant, Financial Instruments
Senior Accountant, Financial Instruments
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$ 85900 - 98240
1 Vacancy
Job Description
Benefits Overview
A career at CoBank can offer you the opportunity to make a personal impact on the people and communities where we do 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 per year
- Outstanding 401k: up to 6% matching and additional 3% non-elective contribution & Student Loan Match
- 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 derivatives and preferred stock portfolios. Performs general accounting activities for debt investments derivatives 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. Recognizes and accounts for interest accruals coupon payments amortization and bond redemptions in fixed income portfolios. Manages the accounting for debt issuance interest expense principal repayments and debt covenants. Handles the complexities of derivative accounting including initial recognition subsequent measurement and hedge accounting.
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
- Bachelors Degree required
- Bachelors degree may be substituted with four years of related experience (four years is in addition to what is minimally required for the role) or an equivalent combination of education and related experience.
Work Experience
- 5 years of relevant experience preferably in banking or the financial services industry. required
- Strong understanding of Accounting lifecycle events for Investment Debt & Derivative portfolios
- Critical thinking skills and ability to independently research discrepancies
- Experience with banking software such as Calypso
- Knowledge of Microsoft Office applications (Outlook Word PowerPoint Excel).
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 $85900 - $98240. 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 76000 farmers ranchers and other rural borrowers in 23 states around the country. CoBank is a member of the Farm Credit System a nationwide network of banks and retail lending associations chartered to support the borrowing needs of U.S. agriculture rural infrastructure and rural communities. Headquartered outside Denver Colorado CoBank serves customers from regional banking centers across the U.S. and also maintains an international representative office in Singapore.
REASONABLE ACCOMMODATION
We are committed to ensuring that our online application process provides an equal employment opportunity to all applicants including qualified individuals with disabilities. If you are an applicant with a disability or are assisting an applicant with a disability and require accessibility assistance or would like to request a reasonable accommodation for any aspect of the application process including completing an application interviewing or otherwise participating in the employee selection process please submit a request by emailing Include your contact information and specific details about your requested accommodation.
Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time.
CoBank is an Equal Opportunity Employer.
All qualified applicants will receive consideration for employment without regard to race color religion sex sexual orientation national origin disability or status as a protected veteran.
Required Experience:
Senior IC
Employment Type
Full-Time
