Navy Federal Credit Union - Vienna, VA
posted 4 months ago
The Accountant II - Operational Accounting position at Navy Federal Credit Union is designed to execute the financial accounting processes in accordance with federal and industry regulations and standards. This role is pivotal in supporting the accurate reconciliation and maintenance of the organization's financial statements and reports. The Accountant II will work independently within established procedures and practices, making recommendations with moderate guidance. The position requires a comprehensive understanding of accounting functions, including the review and analysis of financial statements, ledgers, reconciliations, and associated accounts to ensure compliance with industry standards. In this role, the Accountant II will perform monthly close activities, which include reviewing and monitoring entries to the Trial Balance, Balance Sheet, and Income Statement accounts, as well as posting necessary adjustments. The individual will also conduct account reconciliations, analytics, and variance analysis, providing sufficient supporting documentation to ensure the integrity of financial reporting. A strong knowledge of Generally Accepted Accounting Principles (GAAP) and Accounting Standard Codification (ASC) is essential for preparing Navy Federal's financial statements and ensuring compliance with these standards. The Accountant II will lead and guide Accounting Technicians in the proper classification of transactions and funds, resolving misapplied funds or outstanding items. This position involves conducting in-depth analyses to identify and resolve discrepancies, contributing to quality control and process improvement initiatives. The Accountant II will also be responsible for investigating complex discrepancies, preparing recommendations for immediate action, and presenting proposals for policy changes to prevent financial losses. Building relationships with business units and serving as a point of contact for inquiries and problem resolution is a key aspect of this role. The Accountant II will perform technical research to assist with internal and external auditor inquiries, generate variance analysis reports, and participate in process improvement initiatives. Mentoring junior team members and ensuring compliance with emerging accounting policies are also critical responsibilities of this position.