Accounts Payable Analyst

Who we are:

Our mission at FHLBank Chicago: To partner with our members in Illinois and Wisconsin to provide them competitively priced funding, a reasonable return on their investment, and support for their community investment activities.

Simply said, we're a bank for banks and other financial institutions, focused on being a strategic partner for our members and working together to reinvest in our communities, from urban centers to rural areas. Created by Congress in 1932, FHLBank Chicago is one of 11 Federal Home Loan Banks, government sponsored in support of mortgage lending and community investment.

What it's like to work here

At FHLBank Chicago, we bring people together. We are committed to a high performing, engaged workforce, and to supporting the communities we serve across Illinois and Wisconsin. Our Buddy Program pairs new hires with tenured employees to guide their onboarding. Our professional development and training opportunities through upskilling, mentorship programs, and tuition reimbursement allow employees to grow their career with us. Our collaborative, in-office operating model brings teams together to foster innovation, connection, and shared success. To support balance and flexibility, employees are provided an allocation of remote days to use as needed throughout the year.

What You'll do

We are seeking a curious, tech-savvy, and detail-driven Accounts Payable Analyst to join our evolving finance team. This role is ideal for someone who not only ensures timely and accurate payments but also actively contributes to modernizing and automating our AP processes.

As an AP Analyst, you will leverage Workday and emerging automation tools to enhance efficiency, ensure strong controls, and strengthen our vendor relationships.

How you'll make an impact:

• This role will lead the Bank's Accounts Payable function, ensuring accurate and timely processing of vendor invoices. This helps keep the Bank's vendor relationships strong.
• This role will leverage Workday and emerging automation tools to enhance efficiency within the Accounts Payable function.

What you can expect:

• Accurately process and review vendor invoices, employee reimbursements, and credit card transactions.
• Analyze transactions to ensure proper coding, approvals, and compliance with internal policies.
• Prepare and execute weekly payment runs (ACH, wire, and check).
• Reconcile vendor statements and resolve discrepancies in a timely manner.
• Assist with month-end close activities, including accruals and invoice analysis.
• Partner closely with Procurement to ensure seamless vendor onboarding, compliance with third-party risk standards, and alignment of sourcing strategies with payment processes.
• Perform analysis and create reports on trends, inefficiencies, and opportunities for improvement and cost savings.
• Collaborate with business stakeholders to recommend improvements for accounts payable policies and procedures.
• Identify and report buying patterns, performance/financial metrics for management.
• Leverage Workday Financials and understanding of market standard AP processes to optimize AP workflows, including invoice routing, approval processes, and reporting.
• Support development and maintenance of Workday Financials reports to improve visibility into AP metrics and trends.
• Support audits by providing documentation and responding to inquiries.

What you'll bring:

• Bachelor's degree in Accounting, Finance, or a related field.
• 2-4 years of experience in accounts payable or general accounting.
• 2-4 years of experience with Workday Financials, exposure to automation tools strongly preferred.
• Understanding basic accounting principles and GAAP.
• Exposure to process improvement or automation projects, particularly in accounts payable.
• Proficiency in Microsoft Excel (pivot tables, VLOOKUPs, etc.).
• Strong attention to detail and organizational skills.
• Excellent communication and interpersonal skills.
• Ability to manage multiple priorities and meet deadlines.

The Perks

At FHLBank Chicago, we believe in rewarding our high performing workforce. We offer a highly competitive compensation and bonus package, and access to a comprehensive benefits program designed to meet the needs of our employees. Our retirement program includes a 401(k) and pension plan. Our wellbeing program supports employees at work and in their personal lives: Our PTO plan provides five weeks of vacation for new employees and 11 paid holidays per year; our Lifestyle Spending Account provides an annual stipend for employees to support wellbeing activities; and our central downtown location at the Old Post Office provides easy access to public transportation and breathtaking views from our award-winning rooftop. Visit FHLBCbenefits.com for additional details about our benefits. Step into a brighter future with us.

Salary Range:

The above represents the expected salary range for this job requisition. Ultimately, in determining your pay, we may also consider your experience, and other job-related factors. In addition to the base salary, we offer a comprehensive benefits package which can be found here: https://hrportal.ehr.com/fhlbc