Sr Manager Financial Reporting

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Regular Full-Time Reston, VA, US

2 days ago Requisition

Date
:
September 2026

Department
:

Finance FLSA:
Exempt

Reports To
:

Director, Financial Reporting

The primary responsibility of the Senior Manager, Financial Reporting is to manage the preparation and review of the Federal Home Loan Banks' (FHLBanks) annual and quarterly combined financial reports (CFR), which includes managing several staff members. Although the CFRs are not filed with the SEC, the Federal Housing Finance Agency (FHFA) regulations require the scope, form, and content of the disclosures to be consistent with the requirements of SEC Regulations S-K and S-X.

Therefore, the Senior Manager, Financial Reporting is responsible for keeping current on SEC rules and regulations, U.S. GAAP, FHFA regulations, and banking/GSE industry best practices. The Senior Manager, Financial Reporting is responsible for reviewing technical research and analysis regarding financial reporting questions and leading/participating in various subcommittees and working groups to implement or resolve system-wide financial reporting related matters, while providing a high level of customer service to the FHLBanks.

The Senior Manager, Financial Reporting will maintain a strong financial reporting control environment. The Senior Manager, Financial Reporting will also assist in maintaining and updating the Financial Reporting System (FRS) and the FRS Data Instruction Manual, as needed.

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• Oversee the preparation and review of the disclosures included in the quarterly and annual CFR and review financial data submitted by the FHLBanks for reasonableness and completeness.
• Create and manage to the agreed-upon timeline for the publication of the quarterly and annual CFR and related press release, including oversight of draft distributions to stakeholders.
• Prepare/review technical research and analysis support that is distributed internally and/or to the FHLBanks regarding various financial reporting and accounting topics, which can include but are not limited to appropriate disclosures related to derivatives, fair value, mortgage-backed securities, credit losses, and affordable housing programs offered by the FHLBanks.
• Manage the assignment of tasks/projects to team members and effectively lead team members on assigned tasks/projects to ensure accuracy, completeness, and timeliness of work performed.
• Evaluate the effectiveness of disclosures and business processes on an ongoing basis and make recommendations and/or implement changes as necessary.
• Lead/co-lead the Standard Combined Financial Statements (SCFS) subcommittee, which serves as a baseline for the annual CFR financial statements and notes, ensuring effective deliberation and timely completion of required deliverables.
• Approve FRS data load requirements and supplemental Excel templates to collect information for disclosure in the CFR, ensuring the requested information meets current financial reporting disclosure requirements.
• Manage communications and data requests to the FHLBanks through a secured internet-based platform (the…