Job Title: Financial Analyst
Date Posted: 10-16-2007
Job Location: Massachusetts-Boston
Job Type: Full Time
Education Level: Bachelors Degree
Work Experience: 2+ to 5 Years
Job Shift: First Shift
Yearly Salary:DOE (Depend on Experience)
Company Name: Federal Home Loan Bank of Bost
Contact Information: Federal Home Loan Ba   Federal Home Loan Ba (careers@fhlbboston.com)
Job Description:
The Financial Analyst is responsible for: underwriting member advances; analyzing the financial
condition (strengths and weaknesses) of the Bank’s members and their holding company, and the
Bank’s counterparties; recommending collateral and borrowing status of members, preparing
membership related financial reports for the Credit Committee and the Board of Directors; and
qualifying members for the Bank’s asset purchase program.  The position requires in-depth
knowledge of financial analysis principles, credit risk, banking regulations, regulatory
reporting guidelines, and ability to independently research and resolve difficult financial
analysis issues.  The position also requires strong database management skills.

 

The position includes designing and maintaining meaningful financial information management
processes to be used as a basis for both the Bank’s lending decisions, and the purchase of
mortgage assets.  The position also includes both independent responsibilities for specific
analyses and processes, as well as participation in team projects.  Activities may include
cross-departmental projects involving the Bank’s accounting, treasury, information technology,
capital markets, and operations.  

 

The position also requires proficiency in complex data management and detailed knowledge of
regulatory reporting requirements.  Must be able to clearly document work and to communicate
effectively with high level management both internally and with external parties.  The
Financial Analyst is also responsible for training related to daily advances underwriting and
database reporting.  

 

Qualifications:

·        Attention to Detail – Must have a commitment to accuracy, striving for an error free
environment.

 

·        Education - Bachelor’s degree with course work in financial accounting,
microeconomics, and finance.  

 

·        Experience – Two to three years of work experience in the financial analysis of
financial entities.  Closely related financial analysis experience in other work settings may
also be acceptable.  Experience must include risk valuation of complex institutions, and
extensive database development and reporting.  

 

·        Finance Skills - Should be thoroughly familiar with U.S. financial institutions,
FFIEC, NCUA, OTS and SEC regulatory reporting requirements, and banking regulations -
especially Basil Committee issues   Must also be able to apply such knowledge to real tasks,
considering pertinent financial details, legal, regulatory, policy, resource constraints, and
market inefficiencies.

 

·        Database management and related skills - Must be proficient in data management and
query language.  Must have high level of proficiency in MS Excel.  Must have a demonstrated
ability to produce clear and detailed specifications and instructions for financial programs
and analyses.  Incumbent must also have experience with the use of advanced financial
valuation and risk management concepts.   

 

·        Communication Skills - Must be able to communicate clearly and effectively in oral
and written form.  Must have proven ability to organize and document complex analytical
processes and procedures.  Must be able to write detailed specifications for analytical and
information management processes and be capable of directing professional programming and
database management staff on department projects.   

 

·        Self Starter  - Must have confidence and initiative to complete assignments on time
and accurately.

 

Please send or fax a resume with salary requirements to:

Employment Manager

Federal Home Loan Bank of Boston

111 Huntington Avenue, 24th Floor

Boston, MA  02199

Fax: 617.375.2241

Email:  careers@FHLBBoston.com 

An Equal Opportunity Employer.

No telephone calls please.
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