Navy Federal Credit Union
Senior Investor Reporting Accounting Specialist
At a glance
Location: US-VA-Vienna, VA Map
Posted: 02/04/2020
Closing: 03/03/2020
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

We are looking for a dynamic addition to our Investor Reporting team. The ideal candidate is a CPA who would like to make use of their Accounting knowledge in more of an analyst role.
Service mortgage loan investor portfolios sold to secondary market investors through the performance of 3 critical functions: (1) remittance, (2) reporting and (3) reconciliation as mandated by GSEs’ (Ginnie Mae, Freddie Mac and Fannie Mae) and Private Investors’ guidelines.  Prepare annual compliance certifications and audits requests for various regulators (HUD/FHA, GNMA, FNMA, FHLMC, internal and external auditors, etc.).  Perform and report analyses of monthly Investor Reporting’s metrics to upper management.  Assess and implement process improvements and/or controls as part of SOX.  Participate in projects or initiatives (whether mandated by GSEs or internally) that will impact Investor Reporting’s processes and functions.  Lastly, perform other duties as they arise or are assigned.

Job Responsibilities:

•Understand the various GSEs’ remittance, reporting and reconciliation guidelines and stay abreast of applicable changes to or newly issued federal, state and industry laws and regulations
•Perform daily, weekly and monthly remittances, reporting and reconciliation of GSEs’ portfolios as per mandated guidelines on a timely and accurate basis
•Review and analyze mortgage loan transaction activity within Black Knight’s Mortgage Loan Servicing System (MSP), other NFCU’s internal systems, GSEs’ systems and Investors’ trial balances and reports to assess for accuracy, resolve issues (i.e. loan activity rejects), or reporting submissions to GSEs
•Perform accounting activities to include review and analysis of financial records in the completion of custodial bank accounts and general ledger reconciliations
•Understand and process various default liquidations (i.e. short sales, REO, 3rd Party Sales, repurchases, make whole, etc.)
•Perform complex calculations and work with multiple excel workbooks and data sources to prepare, analyze, record journal entries and analyses for Risk Sharing and Rep and Warrants on a monthly basis
•Prepare and analyze monthly Investor Reporting analytics package to management
•Set up headers and sell loans to GSEs, as well as, perform sales reconciliation and adjustments
•Thorough understanding of Investor Reporting’s processes and controls to be able to effectively execute controls and/or identify control weaknesses, develop and/or implement corrective actions
•Interact and collaborate with Investors and/or various NFCU business units (i.e. Servicing, Lending, Default, Capital Markets, etc.) when questions arise, to resolve reporting and remittance issues and/or projects/initiatives
•Support and prepare for internal, external and GSEs reviews or audits, as well as, annual certifications (for Reg AB, USAP, HUD/FHA, FNMA and FHLMC) through gathering of requested documentation, update of procedures, answering of questions, etc.
•1st level reviewer of Investor Reporting Specialists’ assignments, as well as, assist in the coaching and professional development

Required Qualifications:

•Certified Public Accountant designation
•Bachelor’s or advanced degree in Accounting, Finance, or other related field or the equivalent combination of training, education, and experience
•Intermediate excel, word  and powperpoint  skills
•Effective verbal and written communication skills
•Experience with performing review of prior staff/team member’s assignments
•Detail oriented to ensure accuracy and attention to details
•Effective organization and time management skills
•Ability to work independently, as well as, collaboratively in a team environment

Desired Qualifications

•Experience or knowledge of Investor Reporting and/or mortgage industry, concepts and/or accounting
•Experience or knowledge of GSEs (GNMA, FNMA, FHLMC) and/or Private Investor’s reporting requirements
•Experience or exposure to internal or external audits
•Familiarity with Navy Federal products, services, systems, policies and procedures
•Exposure to Credit Union financials and /or NCUA regulations
•Experience or knowledge of REG AB or loan securitization
•Advanced research, analytical, and problem solving skills

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

Location: 820 Follin Lane, Vienna, VA 22180

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


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.

Senior Investor Reporting Accounting Specialist