Navy Federal Credit Union
Lead Technical Accountant (Technical Accounting)
At a glance
Location: US-FL-Pensacola Map
Posted: 11/10/2019
Closing: 12/09/2019
Degree: Not Specified
Type: Full-Time
Experience: Not Specified
Navy Federal Credit Union
Job description

Employee Perks

Why You Will Love Being Part of the Navy Federal Team:

*Competitive compensation with opportunities for annual raises, promotions, and bonus potential
*Best-in-Class Benefits! (7% 401k match / Pension plan / Tuition reimbursement / Great insurance options)
*On-site amenities include fitness center, wellness center, cafeteria, etc. at Pensacola, FL; Vienna, VA and Winchester, VA campuses
*Consistently Awarded Top Workplace
*Nationally recognized training department by TRAINING Magazine
*An employee-focused, diverse, and service-oriented workplace environment

Basic Purpose

To execute Navy Federal's financial accounting processes by applying federal and industry regulations and standards, and to support the accurate reconciliation and maintenance of the organization's financial statements and reports.

Responsibilities:

•Performs accounting activities to include review and analysis of financial records to ensure accurate application of industry standards
•Maintains financial statements, general ledger and associated accounts by reviewing and analyzing accounting activities
•Performs monthly close activities to include reviewing and monitoring entries to the Trial Balance, Balance Sheet, and Income Statement accounts and posting of adjustments
•Performs account reconciliation, analytics and variance analysis, and provides sufficient supporting documentation
•Applies basic to broad knowledge of Generally Accepted Accounting Principles (GAAP) and Accounting Standard Codification (ASC) to the preparation of NFCU financial statements
•Ensures compliance with GAAP and ASC by applying accounting standards in the preparation of financial statements
•Identifies simplifying assumptions and accounting methods, and instances of incorrect application of GAAP/ASC; quantifies the impact of such treatment and recommends solution
•Conducts in-depth analysis to identify, isolate and resolve discrepancies, and contributes to quality control and process improvement
•Investigates, resolves and /or escalates complex discrepancies, data entry errors, and out of balance situations; prepares and presents recommendations for immediate action or proposals for policy changes to prevent losses
•Serves as point of contact for inquiries and problem resolution in collaboration with all levels of management and staff across the organization
•Performs research to assist with responses to inquiries from internal and external auditors
•Performs variance analysis and generates reports including associated justification
•Identifies opportunities for process improvement and presents recommendations for implementation
•Participates in process and automated improvement initiatives
•Participates on project teams and assists with the development and integration testing for new or enhanced automated financial accounting systems
•Keeps abreast of emerging accounting policies or updates and assists with the maintenance of the Accounting Policy Manual
•Executes financial and operational controls as designed and according to the control descriptions
•Ensures compliance with internal documentation requirements by maintaining desktop procedures and/or checklists
•Applies 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
•Works independently with guidance only in the most complex situations
•Solves or leads others to solve the most complex accounting issues; develops and recommends sound solutions
•Interprets emerging accounting policies and makes recommendations for changes to remain in compliance
•Leads functional teams (e.g., monthly closing activities and year-end internal and external audits) or portions of projects
•Mentors Accountant I and II and provides guidance regarding the application of principles and standards
•Perform other duties as assigned

Qualifications and Education Requirements:

•Bachelor’s degree in a related field or the equivalent combination of education, training, and experience
•Strong knowledge of and prior 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
•Demonstrated leadership skills and ability to coach and train team members in application of complex accounting rules
•Experience leading projects and working with cross-functional teams including demonstrated skill in presenting complex financial information clearly and concisely•Strong analytical, organizational, and decision-making skills
•Excellent interpersonal, oral and written communication skills and the ability to effectively collaborate with various external and internal technical and functional contacts

Desired Qualifications and Education Requirements:

•Advanced degree in Accounting, Finance, or other related field
•CPA certification highly desired
•Previous experience with credit union financials and/or NCUA regulations
•Knowledge of or familiarity with Navy Federal organizational structure, products, services, policies and procedures•Prior work experience in public or private accounting applying complex accounting treatments and resolving complex accounting issues

Hours: 40 hours a week, some overtime is required

Location: 5550 Heritage Oaks Drive, Pensacola, FL 32526

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

Disclaimer

Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need.

Bank Secrecy Act

Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.

Lead Technical Accountant (Technical Accounting)