Andrew Retig, Cpa
About Andrew Retig, Cpa
Andrew Retig is a Financial Accounting Analyst at the Federal Reserve Bank of New York, where he has worked since 2015. He holds a Bachelor's degree and an MBA in Accounting from the State University of New York at New Paltz.
Work at Federal Reserve Bank of New York
Andrew Retig serves as a Financial Accounting Analyst at the Federal Reserve Bank of New York, a position he has held since 2015. In this role, he is responsible for reconciling Federal Reserve Notes Outstanding balances between the Federal Reserve Bank of New York and the U.S. Department of the Treasury. He accrues weekly costs associated with the printing of Federal Reserve Notes and the related interest for remittance to the U.S. Department of the Treasury. Additionally, he processes Capital Stock transactions between the Federal Reserve Bank of New York and Commercial Depository Institutions. His work supports the financial operations and reporting of the Federal Reserve.
Previous Experience at TBWA\, Worldwide
Prior to his current role, Andrew Retig worked as a Staff Accountant at TBWA\, Worldwide for six months in 2014. During his time at this advertising agency, he gained experience in financial accounting, which contributed to his professional development. This position provided him with insights into the financial operations within a corporate environment.
Education and Expertise
Andrew Retig studied at the State University of New York at New Paltz, where he earned a Bachelor's degree in Accounting from 2008 to 2012. He furthered his education by obtaining a Master of Business Administration (MBA) in Accounting from the same institution, completing his studies in 2013. His academic background equips him with a strong foundation in financial principles and practices.
Key Responsibilities
In his current role, Andrew compiles a semiannual Dividends Report for review by management and the Board of Directors. He transmits the daily Balance Sheet to the Board of Governors in Washington, D.C., which is utilized for weekly press releases and monetary policy decisions. Additionally, he enters Letters of Credit and corresponding journal entries for transactions with the International Monetary Fund (IMF), demonstrating his involvement in international financial transactions.