AVP, Accounting Policy & SOX Compliance Manager

AVP, Accounting Policy & SOX Compliance Manager Location Boston Apply Now ( The Federal Home Loan Bank of Boston is a leading provider of wholesale funding for housing and community finance in New England serving more than 420 financial institutions across the region. The Federal Home Loan Bank of Boston is committed to making New England a better place to live and do business, and our employees are integral to our success. As a cooperative, we are owned by more than 420 banks, credit unions, insurance companies, and community development financial institutions that access tens of billions of dollars of our reliable wholesale funding each year. Our funds are a vital resource that helps our members succeed, provide families with safe, decent affordable housing, and generate economic development that creates jobs in communities throughout our region. Our highly skilled team of 220 is diverse, innovative, collaborative, and passionate about the work we do. We seek other professionals excited to share their knowledge, talent, and passion for our mission to join our team. We offer opportunities for career development, robust benefits, and a work-life balance. Position Summary The AVP, Accounting Policy and SOX Compliance Manager oversees and has overall responsibility for the development, implementation and administration of accounting policies for the Bank and the development and maintenance of the Banku2019s SOX 404 and 302 compliance activities. The position manages the implementation of new accounting standards and reporting requirements with accounting personnel and functional departments. Provides guidance for financial reporting and general Bank accounting issues. Evaluates new/proposed products or transactions for appropriate accounting treatment. The position manages one staff member, the Senior SOX Compliance Analyst. With the Senior SOX Compliance Analyst, the position works with business process owners on the continued refinement, timely completion, and ongoing maintenance of all SOX 404 and 302 activities. Evaluates and concludes on the severity and materiality of any identified accounting errors or internal control deficiencies. Assesses business processes to identify internal control strengths and weaknesses. Liaises with external and internal auditors to ensure compliance with rules and interpretations of SOX guidelines. Additionally, the AVP, Accounting Policy and SOX Compliance Manager analyzes business processes across the Accounting department to identify opportunities for process improvement through automation and IT-system feature adoption, working collaboratively with department managers and staff to develop and implement solutions. This role will have a hybrid work schedule in our Boston office in accordance with the Banku2019s Hybrid Work Program. More time will be expected in the office to support onboarding initially. Anticipated Pay Range The anticipated base pay range for this role is $119k - $182k This role is based in Boston with weekly in-office expectations. The base pay posted represents the annual base pay range or hourly wage range that we expect to offer for this job opportunity. The actual base salary offer will depend on a variety of factors including relevant experience, required skills and other relevant factors. The range noted here is not indicative of all positions in the job grade within which this position falls. All Bank full-time positions are eligible to participate in our annual incentive program and our robust total rewards offerings, in addition to the base pay. For more information, visit Careers - FHLBank Boston ( Specific Responsibilities Accounting Policies and Procedures u00b7 Develop and maintain accounting policies for the Bank which are consistent with GAAP and SEC requirements. u00b7 Evaluate new GAAP and SEC requirements as issued to determine the impact on the Bank and develop or modify the Banku2019s accounting policies as necessary. u00b7 Monitor the Banku2019s ongoing compliance with its accounting policies and disclosure requirements. u00b7 Manage the update process for the Accounting Control departmentu2019s Policies and Procedures manual. u00b7 Communicate accounting policies throughout the organization as necessary. SOX 404 and 302 Compliance u00b7 Continuously improve the SOX processes to comply with the Sarbanes-Oxley Act by maintaining an understanding of SOX requirements, COSO and PCAOB standards, guidelines, new developments and trends. Develop, implement, and administer SOX policies and procedures for the Bank. u00b7 Evaluate any identified accounting errors or internal control deficiencies and conclude on the severity and materiality of the deficiency. Oversee remediation activities for control deficiencies. u00b7 Develop and maintain the Banku2019s disclosure controls and procedures, consistent with the requirements of Sarbanes-Oxley, and ensure that the disclosure procedures are properly documented, communicated, implemented and enforced. u00b7 Prepare a disclosure checklist in conjunction with the preparation of the annual and quarterly financial reports to ensure that the financial statements, footnotes and disclosures of the Bank are complete and consistent with applicable requirements. Technical Accounting Research and Other Responsibilities u00b7 Research and document technical accounting inquiries and issues as needed and present findings and recommendations. u00b7 When the Bank undertakes any new or modified business activity, prepare a written analysis of the accounting and/or disclosure treatment for the activity, citing relevant standards, pronouncements, and regulations. u00b7 Monitor changes and developments in accounting requirements by the Financial Accounting Standards Board (FASB) and the SEC. Provide periodic updates to management and others throughout the Bank. u00b7 Provide training and education to Bank staff on relevant new accounting guidance and on emerging accounting developments undertaken by the FASB and the SEC. u00b7 Participate in FHLBank System-wide subcommittees related to accounting policy or SOX compliance matters that are relevant to the Bank and participate in drafting of comment letters to relevant accounting standards setters. u00b7 Monitor significant Bank Technology projects to track capital expenditures and provide guidance to appropriately allocate project costs between capital expenditure and operating expense in accordance with GAAP and the Banku2019s fixed assets policy. u00b7 Assist the SVP, Controller and Chief Accounting Officer with accounting and oversight functions, including the ability to perform back-up and review functions for other areas within the Accounting department. Process Improvement and Automation u00b7 Analyze processes within the Accounting department and identify opportunities for process improvement through automation and IT-system feature adoption; develop and implement solutions. u00b7 Foundational people management activities to ensure top talent, including selection, training and development, motivation, and evaluation of staff. + Other duties, as assigned. Required Background u00b7 7-10 years of broad-based accounting experience, preferably with a mix of public accounting and corporate accounting experience. Specific emphasis on SEC reporting required. u00b7 Current or prior people management experience is expected. u00b7 Thorough knowledge of GAAP with an emphasis on accounting for financial instruments, as well as SEC reporting requirements. u00b7 Understanding of and practical experience with Section 404 of the Sarbanes-Oxley Act. u00b7 Demonstrated ability to influence change and with process improvement. u00b7 Demonstrated knowledge of applying or maximizing technology in regards to the role responsibilities. u00b7 Experience in banking or other financial services accounting functions preferred. u00b7 Strong analytical and problem-solving skills. u00b7 Excellent oral and written communication skills. u00b7 Ability to perform this role independently. Education and Certification u00b7 Bacheloru2019s degree in Accounting required. u00b7 Certified Public Accountant (CPA) designation required. As an Equal Opportunity Employer, we strongly encourage applicants from every ethnicity, color, religion, gender, age, national origin, disability, veteran or parental status and sexual orientation. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time. Back ( Share

Created: 2025-11-17