Technical Accounting Lead

Employer
Navy Federal Credit Union
Location
Merrifield, VA
Posted
Sep 15, 2017
Closes
Sep 18, 2017
Function
Accountant
Hours
Full Time
Employee PerksWhy 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 environmentBasic PurposeTo 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.Responsiblities:1. 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 NFCR 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* Leads and guides Accounting Technicians with proper classification of transactions and funds, and the resolution of misapplied funds or outstanding items2. 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 implementation3. 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* Guides Accounting Technicians with interface posting discrepancies and validating system generated reports* 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 checklistsAccountant III:* 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 (eg, monthly closing activities and year-end internal and external audits) or portions of projects* Creates financial reporting and budgeting models* Mentors Accountant I and II and provides guidance regarding the application of principles and standardsQualifications -- Knowledge, Skills and Abilities:Level III:* Bachelor's degree in a related field or the equivalent combination of education, training, and experience* Certified Public Accountant designation* Prior work experience in public or private accounting applying complex accounting treatments and resolving complex accounting issues* 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 contactsDesired:* Bachelor's or 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 proceduresHours:Monday-Friday, 8:00AM-4:30pm and as business requiresEqual Employment OpportunityNavy 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