Accountant I - Branch Operations

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

Desired Qualifications

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

Location : 820 Follin Lane, Vienna, VA 22180

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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Equal Employment Opportunity : Navy Federal values, celebrates, and enacts diversity in the workplace. 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.