Job Description
Overview
To execute Navy Federal's financial accounting processes by applying federal and industry regulations and standards. Support the accurate reconciliation and maintenance of the organization's financial statements and reports. Works under minimal supervision and makes recommendations.
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
Provide guidance with inquiries and problem resolution
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
Execute financial and operational controls as designed and according to the control descriptions
Resolve moderately complex escalated discrepancies including guiding and/or negotiating with specialized internal and external contacts
Evaluate impact of amended regulations; recommend and implement methods to ensure compliance
Participate in task/project groups across department lines; assist with system design/development and participate in integration testing; communicate accounting knowledge and business processes
Perform other duties as assigned
Qualifications
Familiarity and understanding of the application of the rules of GAAP
Familiarity and understanding of Sarbanes-Oxley(SOX) control environment and requirements
Familiarity with PC applications to include Microsoft Office, particularly Excel, Access and PowerPoint
Ability to work both independently and in a team environment to include mentoring/guiding teammates
Ability to interact with external and internal contacts (e.g., auditors and other oversight groups to provide requested information/data)
Previous experience with credit union financials and/or NCUA regulations
Working knowledge of Navy Federal organizational structure, products, services, policies and procedures
Demonstrated intention to pursue or currently pursuing CPA certification
CPA certification highly desired
Advanced skill in handling multiple tasks simultaneously with a high degree of accuracy
Basic analytical, organizational and problem solving skills
Effective skill maintaining accuracy with attention to detail and meeting deadlines
Effective verbal and written communication skills
Bachelor's degree in Accounting, Finance or a related field or the equivalent combination of experience, education and training
Desired Qualifications
Advanced degree in Accounting, Finance, or other related field
Hours: Monday - Friday, 8:00AM - 4:30PM
Locations: 820 Follin Lane, Vienna, VA 22180 | 5550 Heritage Oaks Drive, Pensacola, FL 32526
About Us
Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.
Our approach to careers is simple yet powerful: Make our mission your passion.
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From Fortune. ©2024 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Navy Federal Credit Union.
Equal Employment Opportunity: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected Veteran.
Hybrid Workplace: Navy Federal Credit Union is a hybrid workplace, and details will be discussed during your interview process.
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.
Job Tags
Internship, Immediate start, Monday to Friday,