Job Description
Overview
Assist in the development and execution of the accounting policy function and ensure alignment with Navy Federal's overall goals, strategies, mission and vision. Work directly with the Manager of Accounting Policy, leadership in Finance, and stakeholders across the enterprise to:(a) Produce the appropriate accounting assessments and recommendations associated with business initiatives related to products, services, and transactions(b) Monitor and communicate emerging or changing accounting and regulatory standards(c) Assist in representing Navy Federal externally on accounting related matters(d) Develop and maintain an accounting policy handbook for broad consumption. Direct report to the Manager of Accounting Policy.
Responsibilities
Communicate summaries of proposals, standards, regulations, and developments affecting Navy Federal in the areas of accounting and disclosure
Aid in the clear and concise communication of complex accounting and reporting issues to non-accountants.
Gainer a working understanding of Navy Federal's systems and data,
Identify issues requiring consultations and advice provided to the business and operational accounting teams.
Lead the processes to effectively document complex accounting and reporting issues and work with external auditors and regulators to support accounting positions, as needed.
Form relationships with product line personnel to stay informed of new or changing products, services, and transactions to provide decision useful advisory services to leaders in a timely manner.
Assist in compiling periodic training to finance and accounting teams on emerging accounting and regulatory standards.
Maintain strong organizational skills to drive productivity throughout the team.
Compile existing accounting policy documentation to formulate an organized, user-friendly accounting policy handbook for broad consumption.
Understand the financial reporting data lineage framework to effectively provide advisory services to the business and operational accounting teams.
Render assistance in representing the organization externally on matters affiliated with accounting and disclosure issues identified within the financial services industry.
Contribute to a culture of horizontal collaboration by actively working across business units and sharing knowledge.
Perform other duties as assigned.
Qualifications
Experience in accounting/finance leadership experience, preferably with a Big 4 public accounting firm and/or in a publicly traded banking or financial services environment.
Strong knowledge of Generally Accepted Accounting Principles and financial industry regulations (i.e. NCUA, OCC, FDIC, etc.).
Extensive experience accounting for loans, securities, derivatives, hedging, and other complex financial instruments, Revenue recognition
Experience reviewing contracts and preparing accounting assessments
Ability to build relationships with executive management, internal, and external stakeholders.
Advanced experience in managing cross-functional, multi-dimensional teams and projects of the highest complexity which have business risk and impact.
Advanced experience in identifying relevant analytical problems, determining appropriate diagnostic methods and solving unique and complex issues/problems.
Certified Public Accountant designation.
Advanced skill in communicating complex accounting concepts to non-accountant business leaders.
Advanced skill demonstrating thought leadership in providing vision & strategic thinking.
Effective mentoring skills and the ability to make sound long and short-term business decisions.
Database technological skills - Access, SQL, Hadoop
Bachelor's Degree in Accounting or Finance, or the equivalent combination of education, training, and/or experience.
Desired Qualifications
Experience with NCUA regulations.
Master's Degree in Accounting or Finance or a related field, or the equivalent combination of training, education and experience
Hours: Monday - Friday, 8:00AM - 4:30PM
Locations: 820 Follin Lane Vienna, Virginia 22180 | 5550 Heritage Oaks Dr. Pensacola, FL 32526 | 141 Security Drive Winchester, VA 22602 | 9999 Willow Creek Road San Diego, CA 92131
About Us
Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.
Our approach to careers is simple yet powerful: Make our mission your passion.
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• Yello and WayUp Top 100 Internship Programs
From Fortune. ©2024 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Navy Federal Credit Union.
Equal Employment Opportunity: Navy Federal values, celebrates, and enacts diversity in the workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected Veteran.
Hybrid Workplace: Navy Federal Credit Union is a hybrid workplace, and details will be discussed during your interview process.
Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team’s discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position
Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.
Job Tags
Temporary work, Internship, Monday to Friday,