Sr. Accountant I

Reston, VA
Feb 14, 2019
Feb 21, 2019
Full Time
Navient (Nasdaq: NAVI) provides asset management and business processing solutions to education, healthcare and government clients at the federal, state, and local levels. We help our clients and millions of Americans achieve financial success through our services and support. Headquartered in Wilmington, Delaware, Navient employs team members in Western New York, Northeastern Pennsylvania, Indiana, Tennessee, Texas, Virginia, and other locations. Learn more at Department is responsible for accounting and reporting functions related to the Company's structured finance transactions. This includes maintaining accounting systems, booking journal entries, reconciling the general ledger, ensuring compliance with relevant accounting standards, and analytical reporting and reviewing of results. In addition, the group is called on for ad hoc reporting and analysis as needed by Senior Management. Specific job responsibilities include preparing accounting entries and reconciling general ledger accounts for debt instruments, and derivatives residing in the Company's securitization trusts, reviewing and reconciling cash activity related to debt and derivatives reviewing and approving trades associated with structured finance transactions on an ongoing/ as needed basis, reviewing and maintaining various excel spreadsheets used for monthly analysis and reporting of monthly results, and preparing ad hoc reports and analysis as needed. This job requires flexibility in work hours and mandatory overtime during peak periods.1. General Ledger Accountinga. Prepare accounting entries for all debt, derivative, and investment instruments residing in securitization trustsb. Prepare G/L reconciliations for all accounts related to the entries mentioned, abovec. Review and reconcile cash activity related to debt and derivatives2. Maintain accurate records in Principiaa. Review and approve trades associated with structured finance transactions on an ongoing/ as-needed basis.b. Maintain accurate paydown records in accordance with monthly & quarterly paydown schedules.3. Trust Operationsa. Review debt settlement cash flows to ensure proper modelingb. Analyze the results of assumption changes from quarter to quarter and provide variance explanations.4. Monthly/ Quarterly Reportinga. Review and maintain various excel spreadsheets used for monthly analysis and reporting of monthly resultsb. Prepare quarterly reporting used to support disclosures included in SEC Forms 10K/QMINIMUM REQUIREMENTS:* Bachelor's Degree - Accounting, Finance, Economics* 2 year of accounting/finance experience* Excellent Microsoft Excel skills* General Ledger software (eg-SAP, PeopleSoft, etc.) experience* Excellent analytical and problem-solving skills* Excellent communication skills

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