Senior Accountant

Company: Navy Federal Credit Union
Location: Vienna
Posted on: May 4, 2024

Job Description:

OverviewTo 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 independently within established procedures/practices, makes recommendations and with moderate guidance.ResponsibilitiesPerform accounting activities to include review and analysis of financial statements, ledgers, reconciliations and associated accounts to ensure accurate application of industry standardsPerform monthly close activities to include reviewing and monitoring entries to the Trial Balance, Balance Sheet and Income Statement accounts and posting of adjustmentsPerform account reconciliation, analytics and variance analysis, and provide sufficient supporting documentationApply basic to broad knowledge of Generally Accepted Accounting Principles (GAAP) and Accounting Standard Codification (ASC) to the preparation of NFCU financial statementsEnsure compliance with GAAP and ASC by applying accounting standards in the preparation of NFCR financial statementsIdentify simplifying assumptions and accounting methods and instances of incorrect application of GAAP/ASC; quantify the impact of such treatment and recommend solutionsLead and guide Accounting Technicians with proper classification of transactions and funds, and the resolution of misapplied funds or outstanding itemsConduct in-depth analysis to identify, isolate and resolve discrepancies, and contribute to quality control and process improvementInvestigate, 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 lossesBuild business unit relationships and serve as point of contact for inquiries and problem resolution in collaboration with all levels of management and staffPerform technical research to assist with responses to inquiries from internal and external auditorsPerform variance analysis and generate reports including associated justificationIdentify and participate in process and automated improvement initiatives; assist with integration testing and present recommendations for implementationMentor and guide Accounting Technicians with interface posting discrepancies and validating system generated reportsEnsure compliance and keep abreast of emerging accounting policies/updates and assist with the maintenance of the Accounting Policy ManualPrepare and reviews internal and external reports, schedules and statementsIdentify gaps in financial controls, develop and present recommendations for alternative/corrective actionLead small projects or support project groups across departmental lines by applying accounting knowledge to development or enhancement initiatives for new systems and automated processesParticipate in task/project groups across department lines; assist with system design/development and participate in integration testing; communicate accounting knowledge and business processesMaintain relationships with external contacts and all levels of management and staff; act as resource for the resolution of complex problemsMentor and review work of junior level team membersPerform other duties as assignedQualificationsExperience in an accounting role demonstrating an significant knowledge and understanding of accounting functions and transactions, reconciliation techniques and technical accounting informationWorking knowledge of GAAP and general working experience with technical accounting memosExperience with financial/accounting systems (e.g., Peoplesoft, General Ledger) used in the management and analysis of financial dataWorking knowledge of SOX control environment including documentation and testing of controls and their effectiveness over financial reportingDemonstrated ability to work independently and to coach, train and guide teammates in the application of GAAP and accounting rulesExperience working with cross-functional teams and the ability to lead small projects or portions of projectsAbility to present findings and conclusions clearly and conciselyWorking knowledge of PC applications to include Microsoft Office, particularly Excel, Access and PowerPointAbility to work both independently and in a team environment to include mentoring/guiding teammatesPrevious experience with credit union financials and/or NCUA regulationsWorking knowledge of Navy Federal organizational structure, products, services, policies and proceduresDemonstrated intention to pursue or currently pursuing CPA certificationCPA certification highly desiredAdvanced skill in handling multiple tasks simultaneously with a high degree of accuracyEffective analytical, organizational and problem solving skillsAdvanced skill maintaining accuracy with attention to detail and meeting deadlinesEffective verbal and written communication skillsEffective interpersonal skills and the ability to collaborate with both internal and external contacts and to respond to requests regarding complex financial information/dataBachelor's degree in Accounting, Finance or a related field or the equivalent combination of experience, education and trainingDesired QualificationsAdvanced degree in Accounting, Finance, or other related fieldHours: Monday - Friday, 8:00AM - 4:30PMLocations: 820 Follin Lane. Vienna, Virginia - 5550 Heritage Oaks Drive. Pensacola, FL 32526About UsYou have goals, dreams, hobbies, and things you're passionate aboutwhat'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 themfriends, family, and passions. And we're looking for team members who are passionate about our missionmaking 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 ServicesEqual 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/DisabilityDisclaimers: 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 teams 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 positionBank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.by Jobble

Keywords: Navy Federal Credit Union, Dundalk , Senior Accountant, Accounting, Auditing , Vienna, Maryland