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- Merrifield, VA 22119
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Assistant Vice President, Technical Accounting
Navy Federal Credit Union • Merrifield, VA
Posted 12 days ago
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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 IND123
*An employee-focused, diverse, and service-oriented workplace environment
To oversee the Technical Accounting team and related activities required to maintain the company’s financial statements. Manage the internal and external reporting functions of Navy Federal at the corporate level. Ensure compliance with local, state and Federal laws and regulations. To contribute in the direction/execution of the department’s strategic objectives and ensuring alignment with Navy Federal’s goals and strategies.
•Oversee activities of the Technical Accounting team to ensure timely and accurate recordation of transactions and accounting activities including detailed analytical review of Balance Sheet accounts, validation of variance reports to ensure reasonable and accurate justification
•Review and approve work papers and related reconciliations for all technical accounting entries accordance with policy
•Collaborate with senior management to ensure clean and timely year end internal and external audits
•Monitor new or changes to existing accounting pronouncements and assess impact on financial statements
•Partner with accounting and finance teams to ensure financial statement disclosures are presented properly in accordance with GAAP
•Participate as leader and partner with the business units in the migration efforts for compliance with new accounting requirements based on ASC’s or ASUs (CECL, revenue recognition, and leasing standards)
•Lead and drive the evaluation of complex technical accounting issues, research, and present conclusions
•Develop and maintain an understanding of relevant industry standards, best practices, business processes and technology used within related business areas to ensure compliance with policy, vendor contractual requirements, procedures, processes and standards
•Serve as subject matter expert regarding business functions, systems, policies and/or procedures
•Partner with department executives, leadership and other key personnel to develop the long term strategic direction and roadmap on technical accounting matters
•Serve as strategic advisor to senior management on technical accounting matters
•Contribute to a culture of collaboration by actively working across business lines, communicating knowledge and business processes to other business units
•Provide overall leadership to large strategic projects or programs as they relate to technical accounting matters
•Participate in cross-organizational task groups concerning new automated systems, products and/or services impacting technical accounting
•Promote proactive best practice approaches using department systems to solve business needs and problems
•Bachelor’s degree in Accounting related field or the equivalent combination of training, education, and experience
•Extensive experience with financial accounting and management, including techniques used in the analysis and reporting of financial information, and review/proofing
•Extensive experience in a financial reporting/general ledger area
•Extensive experience researching and applying GAAP
•Advanced skill working with financial accounting systems used in the management and analysis of financial data
•Expert skill presenting findings, conclusions, alternatives and information clearly and concisely
•Expert analytical/quantitative, reconciliation and deductive reasoning skills
•Expert experience working with cross-functional teams and leading projects
•Ability to establish effective policies and procedures
•Advanced verbal and written communication skills
•Advanced skill presenting findings, conclusions, alternatives and information clearly and concisely
•Advanced database and presentation software skills
•Desired - Master’s degree in in a related field, or the equivalent combination of training, education and experience
•Desired - Certified Public Accountant designation
•Desired - Experience as a public accounting auditor
•Experience in the Financial Services Industry
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