Overview

Lead the operations of the Technical Accounting team which includes functions such as serve as accounting expert and business partner for our internal business units, manage the accounting for complex accounting areas such as allowance for credit losses, fair value accounting, derivatives, investment and debt accounting, lead the process for building and enhancing various analytics for leadership reporting, deliver process improvements and provide overall leadership to the team. Manage the development, periodic review and update and maintenance of risk, processes, controls, metrics residing within the respective teams. Support with Assistant Vice President of Technical Accounting in developing talent strategy, including talent development, succession planning etc. and lead the execution of talent strategy within the team. Collaborate with the other Managers on the team to support the execution of the operational strategy, and ensure alignment with broader Finance and Corporate Accounting strategic goals.

Responsibilities

• Manages group operations and oversees the accounting activities associated with complex accounting areas and support related analytics and reporting

• Develop a thorough understanding of the Generally Accepted Accounting Principles (GAAP) and Accounting Standard Codification (ASC) for their focus areas and apply specialized knowledge and experience in accounting, analyzing and reporting financial information

• Collaborate with Business Partners across the Enterprise to understand the business needs, serve as point of contact for inquiries, problem resolution and ensure timely and accurate recording of transactions and accounting activities; including analytical review to ensure completeness and a accuracy of classes of transactions and account balances

• Responsible for supervising and running monthly closing process and related monthly close activities, including monthly forecasts, forecast updates during throughout the month end close and review and/or approval of all standard, non-standard, and adjusting entries

• Partner and coordinate with Accounting Policy team to ensure continuing compliance with accounting (e.g., Generally Accepted Accounting Principles – GAAP) and regulatory requirements (e.g., NCUA)

• Responsible for ensuring to have daily and monthly reconciliations completed timely, including proper disposition of any significantly aged un-reconciled amounts in accordance with policy

• Lead the initiatives to design and build reporting tools, information dashboards and other data analytics to support strategic initiatives

• Lead the identification and implementation of automation and process improvement initiatives, reviewing testing and presenting recommendations to leadership for implementation.

• Collaborate with Enterprise Technology Services (ETS), Product Optimization team and other Business Units to provide subject matter expertise on group process and procedures, reviews and assists with the writing business requirements, and provides recommendations for enhancements

• Responsible for handing requests from auditors (external and Internal) and regulators, including any follow up requests

• Perform other related duties as assigned or appropriate

• Serves as accounting subject matter expert and liaison for internal business partners and key external contacts

• Research and analyze complex accounting transactions impacting Technical Accounting and consult with Accounting Policy, as appropriate, and provide accounting guidance to business partners

• Provide appropriate leadership and guidance to the team to perform technical research and tailor the communication of summary/conclusion to appropriate audience

• Directs and guides internal business partners in maintaining and modifying financial reporting and information systems, and ensures the flow of financial information

• Responds to inquiries from management and organization-wide contacts regarding financial results, special reporting requests, and complex accounting transactions; advises staff regarding the handling of non-routine reporting transactions and requests

• Ensures key controls are implemented, executed, and adhered to, and reviews regularly for any required changes or new key controls

• Performs managerial supervision

• Establish goals and objectives that align with Department policies, procedures, and objectives and key results

• Identify and select right talent for the team; onboard the team and provide positive experience for the team

• Develop talent strategy to ensure expectations are understood, performance is measured and rewarded, feedback is provided timely to contribute to team’s development

• Develop and execute a plan that supports continued investment in creating bench strength and succession planning

• Assist with budget requirements and contribute to forecasting and the preparation of the AFP

• Monitors status of major projects and provides regular updates to leadership regarding progress, issues, and timelines

Qualifications

• Bachelor’s degree in a related field or the equivalent combination of education, training and experience

• Certified Public Accountant designation in good standing

• Extensive experience in public or private accounting applying complex accounting treatments and resolving complex accounting issues.

• Extensive experience with financial accounting and management, including techniques used in the analysis and reporting of financial information, and review/effective challenge preferably in a financial services organization

• Extensive experience in researching, interpreting, and applying GAAP and Accounting Standard Codifications

• Extensive experience in progressively responsible positions managing people in technical accounting or financial reporting area in a corporate environment that demonstrate the ability to organize, direct and control a multi-function operation, and drive the achievement of objectives, demonstrating strong leadership skills including managing, coaching, training and developing people

• Ability and desire to lead the team by developing talent strategy to help them get to next level in their career and help realize operational efficiency

• Ability to manage multiple priorities independently and/or in a team environment to achieve goals

• Experience in leading complex projects and working with cross-functional teams.

• Ability to see big picture with attention to detail within that topic/project/initiative

• Strong verbal, written and interpersonal communication skills including the ability to interpret and present complex financial information clearly and concisely

• Highly proficient in resolving conflicting requests and meeting changing requirements; exercising initiative and using good judgment to make sound decisions; and maintaining accuracy with attention to detail and meeting deadlines

• Change agent with prior experience initiating, managing and executing change

• Be able to represent the team in various types of settings, including with Executives

• Advanced problem solving, collaboration, critical thinking, team building, and presentation skills

Desired Qualifications

• Prior experience with Big 4 public accounting firms, (e.g., Audit, Advisory, Consulting etc.)

• Experience with Oracle PeopleSoft or financial accounting & reporting automated systems, analytical and data visualization tools such as Tableau, Power Bi

• Thorough knowledge of NCUA policies, procedures and regulations and their application to Navy Federal’s organizational structure and operations

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

Location: 820 Follin Lane, Vienna, VA 22180 | 5510 Heritage Oaks Drive, Pensacola, FL 32526

*As part of our Hybrid work model, People Leaders are expected to be onsite 3 days a week or more.

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.

• Best Companies for Latinos to Work for 2024

• Computerworld® Best Places to Work in IT

• Forbes® 2024 America's Best Large Employers

• Forbes® 2023 The Best Employers for New Grads

• Fortune Best Workplaces for Millennials™ 2023

• Fortune Best Workplaces for Women ™ 2023

• Fortune 100 Best Companies to Work For® 2024

• Military Times 2023 Best for Vets Employers

• Newsweek Most Loved Workplaces

• Ripplematch Campus Forward Award - Excellence in Early Career Hiring

• 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. 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 EOE/AA/M/F/Veteran/Disability

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.

REQNUMBER: 20153