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Senior Accountant - Subsidiary Accounting

Navy Federal Credit Union Vienna, VA Full-Time
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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 IND123
*An employee-focused, diverse, and service-oriented workplace environment

Basic Purpose

Navy Federal Financial Group (NFFG) is looking for an accountant level 2 to support the accounting functions of NFFG and its subsidiaries. The ideal candidate should have a broker dealer and/or financial services accounting background.  NFFG itself is a wholly owned subsidiary of Navy Federal Credit Union, a licensed insurance agency, and through its subsidiaries, is a registered securities broker-dealer and investment advisory firm.


1.  Performs accounting activities to include review and validate revenue data from third parties to ensure accuracy and completeness;  executes various expense calculations; prepares, examines, or analyzes financial data and accounting records to assess accuracy, and for compliance with procedural standards, industry and federal regulations.
•    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 broad knowledge of Generally Accepted Accounting Principles (GAAP) and Accounting Standard Codification (ASC) to the preparation of NFFG and its subsidiaries financial statements
•    Produces various complex financial and operational reports, including SEC mandated periodic Financial and Operational Combined Uniform Single (FOCUS) reports, ensures compliance with SEC/FINRA regulatory requirements
•    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  
•    Keeps abreast of emerging accounting policies or updates and assists with the maintenance of the Accounting Policy Manual
•    Evaluates impact of amended regulations; recommends and implements methods to ensure compliance with SEC/FINRA
•    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
•    Applies a thorough understanding of and experience with financial accounting and management, including techniques used in analyzing and reporting financial information
•    Identifies gaps in financial controls, develops and presents recommendations for alternative/ corrective action
•    Leads small projects or supports project groups across departmental lines by applying  accounting knowledge to development or enhancement initiatives for new systems and automated processes 
•    Maintains relationships with external contacts and all levels of management and staff;  acts as resource for the resolution of complex problems


•    Bachelor’s degree in a related field or the equivalent combination of education, training, and experience
•    Prior experience in an accounting role demonstrating an in-depth knowledge and understanding of accounting functions and transactions, reconciliation techniques and technical accounting information
•    Strong knowledge of GAAP and general working experience with technical accounting memos
•    Demonstrated ability to work independently and to coach, train and guide teammates in the application of GAAP and accounting rules
•    Experience working with cross-functional teams and the ability to lead small projects or portions of projects
•    Strong interpersonal skills and the ability to collaborate with both internal and external contacts and to respond to requests regarding complex financial information/data
•    Excellent analytical, organizational and decision making skills
•    Proficient with Microsoft Excel
•    FINRA Series 99 to be obtained within 120 day, FINRA Series 7 to be Obtained within the first 12 month

•    Bachelor’s or advanced degree in Accounting, Finance, or other related field
•    Previous experience with broker dealer firms and FINRA/SEC regulations
•    Prior knowledge and experience with QuickBooks accounting system
•    FINRA Series 99 license
•    CPA certification preferred

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

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


Skills required

Financial Transactions
Financial Statements
Financial Analysis
General Ledger
Standard Accounting Practices


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Senior Accountant - Subsidiary Accounting
Estimated Salary: $81K
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Navy Federal Credit Union is the world’s largest credit union with over 7 million members, over $82 billion in assets, and over 16,000 employees. As a credit union, we have members, not customers. At our campuses in Vienna, VA, Pensacola, FL, Winchester, VA, and in our more than 300 branch offices, we serve the men and women of the U.S. Army, Marine Corps, Navy, Air Force, veterans, the civilian employees of the Department of Defense and their families. We deliver world-class service, rooted in the belief that it is an honor and privilege to serve our members. We are committed to providing our members outstanding financial products and services.

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