Accountant I - Technical Accounting

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
• 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
• CPA certification highly desired

Hours: Monday - Friday, 8:00AM - 4:30PM

Locations: 820 Follin Lane, Vienna, VA 22180 | 5550 Heritage Oaks Drive Pensacola, FL 32526

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. The salary range for this position is: $29.28 - $44.86 hourly

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