We are a $30 billion wholesale bank that's been financing agriculture and rural America for over 100 years. Headquartered in Austin, Texas, we provide funding and services to rural lending cooperatives in five states and we're active in the nation's capital markets. Join the Farm Credit Bank of Texas team and help us grow to meet the ever-changing credit needs of food and fiber producers, the agribusiness sector, and rural Americans. If you're looking for a rewarding career with one of the nation's most respected financial institutions - Farm Credit Bank of Texas (FCBT) may be a great fit for you.
At Farm Credit Bank of Texas, we support workstyle flexibility while balancing business needs and ensuring we continue our culture that values face-to-face interactions. Recognizing that many roles allow for some degree of flexibility in how work gets done, we will return to the office in a hybrid remote/onsite work arrangement in the near future. Only candidates willing and able to work onsite at our Austin, TX office should consider this opportunity.
Responsible for compiling, reviewing, analyzing, and preparing various financial information on a monthly, quarterly, annual and as-needed basis, for the Board of Directors, the Bank management team, Farm Credit Administration (FCA), Farm Credit Funding Corporation (Funding Corporation) and stockholders, under the direction of the Manager of Financial Reporting. This position also requires adherence to Sarbanes- Oxley (SOX) policies, which includes maintaining current SOX controls as they are outlined and assisting with the bank's administration of SOX reviews, policy changes, and documentation.
Day to Day Duties and Responsibilities:
Prepare monthly the Bank's Financial Performance Review and Flash Report for Management and Board of Directors.
Review, if applicable, FCB financial statements prepared by another staff member before they are issued.
Assist in the preparation of the quarterly and annual stockholder reports for the bank, including all required footnotes and disclosures. Prepare and compile the detailed source documents used in the preparation and review process for the bank quarterly and annual stockholder reports to ensure adequate documentation is in place to meet the Bank's SOX objectives.
Assist, if necessary, in the calculation of stock issuance and retirement of Capitalized Participation Pool (CPP) purchases, including the preparation of the journal entry related to the stock issuance and retirement.
Perform/Prepare calculations and data required for the Bank's patronage payments to associations and OFIs, including Bank investment patronage and the Bank direct note patronage.
Perform/Prepare calculations and reports required for the annual stock equalization, calculating the investment in the Bank required of associations and OFIs.
Perform/Prepare RBIC (Rural Business Investment Company) funds capital calls and ensure reporting of the funding is reconciled and updated on a monthly and quarterly basis
Perform/Prepare other specialized reports for other departments of the Bank, including but not limited to reports for the Credit and Capital Markets departments and the YBS (young, beginning and small farmers) reporting.
Execute internal controls in connection with the performance of assigned tasks to comply with the bank's SOX objectives.
Act as a backup for the other Senior Accountant in the Financial Reporting Department.
Train other staff members in the department to prepare reports and schedules which fall under Financial Reporting's responsibility as needed.
Maintains procedural documentation on activities assigned, including process functionality within financial system as applicable.
Research and apply accounting concepts and theories to current bank and district issues. Implement changes to reports prepared, according to revisions in accounting standards as promulgated by accounting authorities, and reporting and regulatory changes as dictated by the FCA.
Prepare special reports as may be assigned by the Manager of Financial Reporting, Assistant Controller, Controller or the Chief Financial Officer, including presentations to the Bank's audit committee and rating agencies.
Keep the Manager of Financial Reporting fully informed of all pertinent matters regarding the preparation and production of financial statements and analyses.
Assists with the preparation and knowledge transfer of reporting suites, if applicable.
What You Bring to the Team:
Position requires a bachelor's degree in accounting, finance or business administration with four (4) to seven (7) years related business experience. A CPA certification is preferred but not required. Prior work experience shall include consolidation, presentation and analysis of consolidated financial statements, knowledge of generally accepted accounting principles (GAAP) and how to apply them to the Bank's accounting issues, understanding of Sarbanes-Oxley (SOX), problem solving skills to identify problems and implement solutions, operation of PC spreadsheet, database and word processing software and development of financial policies and procedures.
Position requires skills in or knowledge of accounting principles, Sarbanes Oxley, financial analysis, consolidated financial statement presentation, cost accounting, process and efficiency improvement, organization, interpersonal relations, and time management/deadlines. Analytical skills, as well as the ability to perform in a detailed manner, are required to analyze and communicate data effectively, resolve problems, and research and apply regulatory and accounting standards. Incumbent must have personal computer skills in microcomputer spreadsheet, database, and word processing software. Must have knowledge of and skills in mainframe or AS400 computer system. Good oral and written communication skills are required.
Why Farm Credit Bank of Texas:
Benefits are an integral part the Farm Credit Bank of Texas total compensation package. We offer comprehensive, affordable, and competitive benefit options that are focused on health and wellness, financial security, and achieving a work-life balance.
Flexible health and wellness benefits, including medical insurance, prescription drug coverage, dental insurance, vision care, flexible spending accounts, and more...
401(k) plan that includes an employer match and additional employer contribution
Long-term disability and life insurance
Vacation leave, sick leave, and paid holidays
Option to use sick leave to take your pet to the vet for emergency services
Up to five days per year to volunteer in local community organizations, services, or events
Ongoing professional development opportunities
Generous tuition reimbursement program
Physical fitness incentive plan
Employer matching gifts program
Important note: We care about your hiring process and take it seriously. There is a real person behind the screen and response timelines may vary. The interviewing process at Farm Credit Bank of Texas may include phone calls and emails, on-site interviews, and requests for portfolios or demonstrations of work. Unfortunately, we are unable to personally follow-up with each and every applicant, but we will do our best to create a professional, respectful, and thorough process for candidates with whom we identify as a potential fit. Please be assured, we will contact you if that is the case!
PROUD PAST, EXCITING FUTURE Careers At Farm Credit Bank of Texas, we believe that people make the difference. We welcome diversity and encourage innovation. We reward hard work, excellent performance and outstanding customer service. And we value every employee's contribution to our goals. Our culture Our team members enjoy the best of both worlds - working in the vibrant city of Austin, Texas, while supporting agriculture and rural America.
We come from different walks of life. Some of us grew up on farms or in small towns. Some come from cosmopolitan cities around the world. Together, we bring rich perspectives, specialized skills and deep expertise to our business.
At Farm Credit, we're proud of our past, and we're even more excited about our future.