Senior Accountant - Financial Analysis
Company: Navy Federal Credit Union
Location: Vienna
Posted on: May 4, 2024
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Job Description:
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. 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; 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 serve as point of contact for
inquiries and problem resolution in collaboration with all levels
of management and staff
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
Identify gaps in financial controls, develop and present
recommendations for alternative/corrective action
Lead small projects or support project groups across departmental
lines by applying accounting knowledge to development or
enhancement initiatives for new systems and automated processes
Participate in task/project groups across department lines;
communicate accounting knowledge and business processes
Maintain relationships with external contacts and all levels of
management and staff; Mentor and review work of junior level team
members
Experience in an accounting role demonstrating an significant
knowledge and understanding of accounting functions and
transactions, reconciliation techniques and technical accounting
information
Working knowledge of GAAP and general working experience with
technical accounting memos
Experience with financial/accounting systems (e.g., Peoplesoft,
General Ledger) used in the management and analysis of financial
data
Working knowledge of SOX control environment including
documentation and testing of controls and their effectiveness over
financial reporting
Demonstrated ability to work independently and to coach, train and
guide teammates in the application of GAAP and accounting rules
Experience working with cross-functional teams and the ability to
lead small projects or portions of projects
Working knowledge of PC applications to include Microsoft Office,
particularly Excel, Access and PowerPoint
Previous experience with credit union financials and/or NCUA
regulations
Working knowledge of Navy Federal organizational structure,
products, services, policies and procedures
Effective interpersonal skills and the ability to collaborate with
both internal and external contacts and to respond to requests
regarding complex financial information/data
Bachelor's degree in Accounting, Finance or a related field or the
equivalent combination of experience, education and training
Advanced degree in Accounting, Finance, or other related field
Hours: Monday - Friday, 8:00AM - 4:30PM
And we're looking for team members who are passionate about our
mission-making a difference in military members' and their
families' lives. 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
--- 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. 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.
Keywords: Navy Federal Credit Union, Potomac , Senior Accountant - Financial Analysis, Accounting, Auditing , Vienna, Maryland
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