Purpose
Provide assistance with hedge accounting and reporting for the portfolio of swaps, caps, floors, and options, and corresponding cash instruments, in accordance with GAAP (ASC 815, 820, 825, 310-20).
Major Accountabilities
- Assist with the preparation of Securities Exchange Commission (SEC), Office of Finance, and management reports.
- Evaluate trade structures, prepare hedge documentation, and perform weekly regression testing using the Bank’s valuation software.
- Prepare and process journal entries in accordance with ASC 815, ASC 825, and ASC 310-20.
- Analyze and certify all general ledger accounts associated with hedge accounting.
- Maintain and reconcile logs associated with the termination, de-designation, or re-designation of hedge structures.
- Interact regularly with Treasury and Financial Planning and Analysis on hedge-related requests.
- Perform margin analysis.
- Perform ad hoc tasks as needed.
Skills/Knowledge
- Bachelor’s degree in Accounting, Finance, Business Administration or a related field, or equivalent work experience, is required.
- Minimum of three to five years of experience within Treasury or investment operations in the financial industry required.
- Advanced Excel skills, including pivot tables and vlookup, are required. Proficient in Access, Crystal Reports, and valuation software a plus.
- Excellent verbal and written communication skills, with strong analytical and problem-solving skills are required.
- Strong interpersonal, problem resolution, organizational, and work prioritization skills are required.
- Must demonstrate attention to detail along with planning skills.
- Must be able to work effectively under pressure and to work either independently or as a member of a team.
The Federal Home Loan Bank of San Francisco is an Equal Employment Opportunity employer and is committed to a diverse workforce. We value and actively seek to recruit, develop, and retain individuals with varied backgrounds and experiences reflecting the full diversity of the communities that we serve. It is the policy of the Bank to comply with all applicable laws concerning the employment of persons with disabilities.