Assistant Manager, Subsidiary Accounting

Overview

Assist in leading the operations of the Operational 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 Operational Accounting function. Assist in developing talent strategy, including talent development, succession planning etc. and lead the execution of talent strategy within Operational Accounting. Partner with the Manager in managing ongoing operational strategy, and alignment with corporate and departmental strategic goals.

Navy Federal Credit Union currently does not provide sponsorship for this role. Applicants must be authorized to work in the United States without the need for current or future sponsorship.

Responsibilities

1.Assist in managing 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
• Assign requests from auditors (external and Internal) and regulators, including any follow up requests and ensure timely completion of such requests

2. 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 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, in collaboration with manager, 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

  
  

3. 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

4. Performs managerial supervision.

• In collaboration with Manager and Assistant Vice President, 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
• Lead the execution of talent strategy to ensure expectations are understood, performance is measured and rewarded, feedback is provided timely to contribute in team's development
• Execute a plan that supports continued investment in creating bench strength and succession planning
• Create an environment where team engagement is fostered, two-way feedback (positive and constructive) are provided regularly
• Monitors status of major projects and provides regular updates to leadership regarding progress, issues, and timelines

5. Perform other related duties as assigned or appropriate.

Qualifications

• Bachelor's degree in a related field or the equivalent combination of education, training and experience
• Extensive experience with financial accounting and management, including techniques used in the analysis and reporting of financial information, and review/effective challenging
• 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
• Prior supervisory experience in a financial reporting/general ledger area, 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
• 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 researching, interpreting, and applying GAAP and Accounting Standard Codifications
• Be able to represent the team in various types of settings, including with Executives

Desired Qualifications

• Certified Public Accountant in good standing
• Prior public accounting experience (e.g., Audit, Advisory, Consulting etc.)
• Experience with PeopleSoft and implementation of ERP, or financial accounting & reporting automated systems
• Thorough knowledge of NCUA policies, procedures and regulations and their application to Navy Federal's organizational structure and operations

Additional Information

Hours:

• Monday - Friday, 8:00AM - 4:30PM

Location:

• 820 Follin Lane, Vienna, VA 22180
• 5510 Heritage Oaks Drive, Pensacola, FL 32526

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