Senior Operational Accountant

Overview

To execute Navy Federal's financial accounting processes by applying federal and industry regulations and standards, and to support the accurate reconciliation and of the organization's financial statements and reports. Works on problems of diverse scope where analysis of data requires evaluation of identifiable factors. Work independently with guidance only in the most complex situations

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 NFCU 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
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 understand he business needs; serve as point of contact for inquiries and problem resolution in collaboration with all levels of management and staff
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
Ensure compliance and keep abreast of emerging accounting policies/updates and assist with the maintenance of the Accounting Policy Manual
Apply broad and specialized knowledge of and experience with financial accounting and management, including a thorough understanding of techniques used in analyzing and reporting financial information
Assist junior team members with more complex accounting issues; develop and recommend sound solutions
Interpret emerging accounting policies and make recommendations for changes to remain in compliance
Lead month-end income statement estimate process and coordinate with different business partners
Collaborate across the enterprise to ensure the timely and accurate delivery of projects and the proper recording of transactions
Is able to communicate effectively and efficiently to all level within the enterprise. Adapts approach to the situation and audience.
Mentor and review work of junior level team members
Support management with ad hoc requests and projects

Qualifications

Significant experience in public or private accounting applying complex accounting treatments and resolving complex accounting issues
Advanced knowledge and experience working with SOX control environment including documentation and testing of controls and their effectiveness over financial reporting
Experience researching technical accounting issues and making recommendations for the application and implementation of accounting principles
Significant experience and proficiency with data querying, researching and reporting
Experience in leading complex projects and working with cross-functional teams
Ability to present findings and conclusions clearly and concisely
Advanced knowledge of PC applications to include Microsoft Office, particularly Excel, Access and PowerPoint
Certified Public Accountant designation preferred and five years of progressive and relevant experience
Advanced skill in handling multiple tasks simultaneously with a high degree of accuracy
Advanced leadership skills and ability to coach and train team members in application of complex accounting rules
Advanced interpersonal skills and the ability to collaborate with both internal and external contacts and to respond to requests regarding complex financial information/data
Advanced analytical, organizational and problem solving skills
Expert skill maintaining accuracy with attention to detail and meeting deadlines
Effective verbal and written communication skills
Demonstrated skill validating accuracy and applicability of underlying data
Demonstrated skill in presenting complex financial information clearly and concisely
Bachelor's degree in Accounting, Finance or a related field or the equivalent combination of experience, education and training

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.

• Best Companies for Latinos to Work for 2024

• Computerworld Best Places to Work in IT

• Forbes 2024 America's Best Large Employers

• Forbes 2024 America's Best Employers for New Grads

• Forbes 2024 America's Best Employers for Tech Workers

• Fortune Best Workplaces for Millennials 2024

• Fortune Best Workplaces for Women 2024

• Fortune 100 Best Companies to Work For 2024

• Military Times 2024 Best for Vets Employers

• Newsweek Most Loved Workplaces

• 2024 PEOPLE Companies That Care

• Ripplematch Recruiting Choice Award

• Yello and WayUp Top 100 Internship Programs

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.