Assistant Manager, Subsidiary Accounting

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.

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 result