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, lead the process for building and enhancing various analytics on portfolio risk metrics 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 the 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 allowance for credit losses / CECL and support related analytics and reporting
Develop a thorough understanding of the Generally Accepted Accounting Principles (GAAP) and Accounting Standard Codification (ASC) 326 / Current Expected Credit Losses (CECL) and apply specialized knowledge and experience in accounting, analyzing and reporting financial information around allowance for credit losses
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 estimates, estimate updates 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)
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 issues impacting allowance for credit losses and loan 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
Responds to inquiries from management and organization-wide contacts regarding allowance for credit losses, credit loss forecasts, and 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 Accounting or related field or the equivalent combination of education, training and experience
Certified Public Accountant designation in good standing
Extensive experience in financial services industry or public accounting firms researching and applying complex accounting treatments for loans and allowance for credit losses 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
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.)
Prior experience implementing and / or leading the loan accounting and allowance for credit losses processes
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
Locations: 820 Follin Lane, Vienna, VA 22180 | 5510 Heritage Oaks Drive, 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.
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- Fortune Best Workplaces for MillennialsTM 2023
- Fortune Best Workplaces for Women TM 2023
- Fortune 100 Best Companies to Work ForR 2024
- Military Times 2023 Best for Vets Employers
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- Ripplematch Campus Forward Award - Excellence in Early Career Hiring
- Yello and WayUp Top 100 Internship Programs
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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: 21344
