Overview
To execute Navy Federal's financial accounting processes by applying federal and industry regulations and standards, and to support the accurate reconciliation and of the organization's financial statements and reports. Works on problems of diverse scope where analysis of data requires evaluation of identifiable factors. Work independently with guidance only in the most complex situations
Responsibilities
Perform accounting activities to include review and analysis of financial statements, ledgers, reconciliations, and associated accounts to ensure accurate application of industry standards.
Perform monthly close activities to include reviewing and monitoring entries to the Trial Balance, Balance Sheet and Income Statement accounts and posting of adjustments.
Perform account reconciliation, analytics and variance analysis, and provide sufficient supporting documentation.
Apply basic to broad knowledge of Generally Accepted Accounting Principles (GAAP) and Accounting Standard Codification (ASC) to the preparation of NFCU financial statements.
Ensure compliance with GAAP and ASC by applying accounting standards in the preparation of NFCR financial statements.
Identify simplifying assumptions and accounting methods and instances of incorrect application of GAAP/ASC; quantify the impact of such treatment and recommend solutions.
Lead and guide Accounting Technicians with proper classification of transactions and funds, and the resolution of misapplied funds or outstanding items.
Conduct in-depth analysis to identify, isolate and resolve discrepancies, and contribute to quality control and process improvement.
Investigate, resolve and /or escalate complex discrepancies, data entry errors and out of balance situations; prepare and present recommendations for immediate action or proposals for policy changes to prevent losses.
Build business unit relationships and understand the business needs; serve as point of contact for inquiries and problem resolution in collaboration with all levels of management and staff.
Perform research to assist with responses to inquiries from internal and external auditors.
Perform variance analysis and generate reports including associated justification.
Identify and participate in process and automated improvement initiatives; assist with integration testing and present recommendations for implementation.
Mentor and guide Accounting Technicians with interface posting discrepancies and validating system generated reports.
Ensure compliance and keep abreast of emerging accounting policies/updates and assist with the maintenance of the Accounting Policy Manual.
Apply broad and specialized knowledge of and experience with financial accounting and management, including a thorough understanding of techniques used in analyzing and reporting financial information.
Qualifications
Significant experience in public or private accounting applying complex accounting treatments and resolving complex accounting issues.
Advanced knowledge and experience working with SOX control environment including documentation and testing of controls and their effectiveness over financial reporting.
Experience researching technical accounting issues and making recommendations for the application and implementation of accounting principles.
Significant experience and proficiency with data querying, researching and reporting.
Experience in leading complex projects and working with cross-functional teams.
Ability to present findings and conclusions clearly and concisely.
Advanced knowledge of PC applications to include Microsoft Office, particularly Excel, Access and PowerPoint.
Certified Public Accountant designation and five years of progressive and relevant experience.
Advanced skill in handling multiple tasks simultaneously with a high degree of accuracy.
Advanced leadership skills and ability to coach and train team members in application of complex accounting rules.
Advanced interpersonal skills and the ability to collaborate with both internal and external contacts and to respond to requests regarding complex financial information/data.
Advanced analytical, organizational and problem-solving skills.
Expert skill maintaining accuracy with attention to detail and meeting deadlines.
Effective verbal and written communication skills.
Demonstrated skill validating accuracy and applicability of underlying data.
Demonstrated skill in presenting complex financial information clearly and concisely.
Bachelor's degree in Accounting, Finance or a related field or the equivalent combination of experience, education and training.
Hours: 8:30 AM - 5:00 PM
Locations: 820 Follin Lane. Vienna, Virginia 22180 | 5550 Heritage Oaks Drive. Pensacola, FL 32526
About Us
You have goals, dreams, hobbies, and things you're passionate about—what's important to you is important to us. We're looking for people who not only want to do meaningful, challenging work, keep their skills sharp and move ahead, but who also take time for the things that matter to them—friends, family, and passions. And we're looking for team members who are passionate about our mission—making a difference in military members' and their families' lives. Together, we can make it happen. Don't take our word for it:
• Military Times 2022 Best for Vets Employers
• WayUp Top 100 Internship Programs
• Forbes® 2022 The Best Employers for New Grads
• Fortune Best Workplaces for Women
• Fortune 100 Best Companies to Work For®
• Computerworld® Best Places to Work in IT
• Ripplematch Campus Forward Award - Excellence in Early Career Hiring
• Fortune Best Place to Work for Financial and Insurance Services
Equal Employment Opportunity: Navy Federal values, celebrates, and enacts diversity in the workplace. Navy Federal takes affirmative action to employ and advance in employment qualified individuals with disabilities, disabled veterans, Armed Forces service medal veterans, recently separated veterans, and other protected veterans. EOE/AA/M/F/Veteran/Disability EOE/AA/M/F/Veteran/Disability
Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team’s discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position
Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.
REQNUMBER: 18460
