Overview
Technical Accounting is a team within Corporate Accounting, along with the operational accounting, accounting policy, internal risk and controls, and financial reporting teams. We work together to create accurate financial reports. The Technical Accounting team focuses on accounting areas of higher judgment or estimation, including current expected credit loss, fair value estimates, investments, derivatives, and more, as well as producing data driven analytics to support these areas. In addition to our team's review and analysis of financial statement line items and monthly close activities, we are focused on finding areas of improvement in existing processes and controls.
We are looking for a driven individual with an understanding of GAAP and/or financial principles and terms who is ready for an immersive, real-world experience. The associate can expect to participate in the preparation of financial reports, analyze actual financial data, create analytics, learn more about our general ledger software, and assist with other accounting projects and activities. The intern will need to be a motivated team player who can maintain efficiency and accuracy when multitasking and should possess an understanding of accounting and financial principles and a positive attitude. The intern should also be collaborative, trustworthy, receptive to feedback, and eager to learn.
The year-round intern will assist with developing analytics, process improvements, and/or control enhancements related to our CECL reserves process and management reporting enhancements for various other high estimation accounting areas. The intern will work directly with executives though VP.
The year-round intern position will begin in Fall 2024. Students will work on impactful projects and meaningful work during their internship. To qualify for this position, applicants must be currently pursuing a degree from an accredited college or university and have an anticipated graduation date of December 2025 or later.
Responsibilities
Determine appropriate documentation for lien placement; prepare letters/forms and forward to member; track and follow-up to ensure forms are returned
Review member account data and/or documentation to ensure data is accurate, up-to-date and in compliance with applicable federal and state laws, rules and regulations and Navy Federal policies and procedures
Analyze, search, and resolve problems and discrepancies related to member accounts/loans
Release titles, reverse loan rates and recommend account refinances and/or changes of collateral on accounts that do not comply with loan guidelines
Maintain thorough knowledge of applicable federal and state laws, rules and regulations and Navy Federal policies and procedures
Maintain systematic, consistent, and reliable notes and contact history information on each member interaction and action taken on accounts
Advise Supervisor and peers of regulatory and/or procedural changes implemented by titling agencies
Contact registered owners, state and federal titling agencies, vehicle dealerships, etc. to resolve discrepancies with title issues and loan compliance; identify and perform related follow-up actions
Track and update action items in databases
Maintain and administer Navy Federal's collateral tracking database
Collect, prepare, and maintain data for analysis, reports and reference
Monitor, review, interpret and process requests, initiate adjustments within defined scope of authority
Operate and maintain standard office equipment
Ensure compliance with internal and external documentation and disclosure requirements
Perform other duties as assigned
Qualifications
Must be pursuing a degree from an accredited college/university
Effective interpersonal, verbal, and written communication skills
Effective research, analytical, and problem-solving skills
Effective skill maintaining accuracy with attention to detail and meeting deadlines
Ability to exercise initiative and good judgment to make sound decisions
Ability to adapt to new technologies
Ability to provide exceptional customer service
Effective organizational, planning and time management skills
Ability to work independently and in a team environment
Effective database, word processing, spreadsheet, and presentation software skills
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
- ComputerworldR Best Places to Work in IT
- ForbesR 2024 America's Best Large Employers
- ForbesR 2023 The Best Employers for New Grads
- 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
- 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: 21076
