Staff Accountant

Navy Federal Credit Union - Pensacola, FL (30+ days ago)4.0


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:
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 items
2. 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
3. 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 checklists
Level I:
  • Applies industry knowledge of and experience with the complex accounting related activities associated with ledgers, reconciliation, and financial reports
  • Receives moderate guidance and direction
  • Resolves complex escalated discrepancies including guiding and/or negotiating with specialized internal and external contacts
  • Evaluates impact of amended regulations; recommends and implements methods to ensure compliance
  • Participates in task/project groups across department lines; assists with systems design/development, and participates in integration testing
  • Maintains training documentation and historical files
  • Mentors and guides Accounting Technicians
  • Contributes to change initiatives (e.g., implementation of new GL), and seeks out opportunities to automate manual functions
  • Contributes to a culture of collaboration by actively working across business lines, communicating accounting knowledge and business processes to other business units
Qualifications - Knowledge, Skills and Abilities:
Level I:
  • Bachelor’s degree in a related field or the equivalent combination of education, training, and experience
  • Knowledge and understanding of the application of the rules of GAAP
  • Understanding of Sarbanes-Oxley(SOX) control environment and requirements
  • Proficient with PC applications to include Microsoft Office and good Excel skills
  • Ability to work both independently and in a team environment to include mentoring/guiding teammates
  • Effective interpersonal , oral and written communication skills, and the ability to interact with external and internal
contacts (e.g., auditors and other oversight groups to provide requested information/data)

  • Strong problem solving, analytical and decision making skills
  • Ability to work in a deadline driven environment
  • Demonstrated intention to pursue or currently pursuing CPA certification
Desired:
  • 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 procedures
Hours:
Monday-Friday, 7:30AM-4:00PM

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