Overview

Lead the operations of the Operational Accounting team or Technical Accounting team which includes functions such as General Ledger operations, serve as accounting expert and business partner for our internal business units, lead the team to 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. Partner with Assistant Vice President of Accounting Operations or Technical Accounting in developing talent strategy, including talent development, succession planning etc. and lead the execution of talent strategy within the team. Partner with the Assistant Vice President in leading ongoing operational strategy, and alignment with corporate and departmental strategic goals.

Responsibilities

• Manages group operations and oversees the accounting activities required to maintain the company’s general ledger and related financial statements.

• Develop a thorough understanding of the financial statements, general ledger structure and related chart of accounts

• Collaborate across Enterprise to ensure timely and accurate recording of transactions and accounting activities; including analytical review to ensure completeness and 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

• Coordinate with Product Optimization team and Corporate System, as needed, to ensure all general ledger interface activity and batch postings to the General Ledgers are properly captured, and discrepancies are identified, investigated and resolved

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

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

• Research and analyze complex accounting transactions impacting Operational Accounting or 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

• Coordinate development and maintenance of financial systems and facilitates process improvement as cross-functional project team member

• Maintain collaborative relationship with the Product Optimization team and facilitate and contributes to implementation of new system, application and/or any process improvements

• Review and analyze processes and procedures, identify and develop operational efficiencies and automated solutions for manual processes; recommend and collaborate on implementation of improvement

• Collaborate with Information Services Department (ISD), Corporate system, Product Optimization team and other Business Unit system team to provide subject matter expertise on group process and procedures, reviews and assists with the writing business requirements, and provides recommendations for enhancements

• Manage impact of corporate projects affecting the GL and company’s financials, and provide full life cycle and communication support to project teams and stakeholders

• 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

• Perform other related duties as assigned or appropriate

Qualifications

• Extensive experience with financial accounting and management, including techniques used in the analysis and reporting of financial information, and review/effective challenging

• Prior supervisory experience in a financial reporting/general ledger area, demonstrating strong leadership skills including managing, coaching, training and developing people

• CPA and CECL experience required

• Experience in progressively responsible positions in a corporate environment that demonstrate the ability to organize, direct and control a multi-function operation, and drive the achievement of objectives

• 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

• Ability to see big picture without missing any crucial details 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

• 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

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

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

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

• Prior public accounting experience (e.g., Audit, Advisory, Consulting etc.)

• Experience with PeopleSoft and implementation of ERP, or financial accounting & reporting

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

• Remains cognizant of and adheres to Navy Federal policies and procedures, regulations pertaining to the Bank Secrecy Act.

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

  Location: 820 Follin Lane Vienna, Virginia 22180 | 5550 Heritage Oaks Dr. Pensacola, FL 32526

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: 21891