Accounting Technician I

To perform accounting functions that supports the proper/accurate classification, balancing, reconciliation, and recording of the organization's financial statements, transactions and funds. To resolve discrepancies of misapplied funds, adjustments or unreconciled items. To ensure compliance with federal regulations and Navy Federal accounting policies and procedures. Perform moderately complex/varied tasks with limited latitude and impact.

• Review, record and reconcile invoices, journal/ledger entries, transactions and accounts
• Analyze and verify invoices, statements, and transactions for accuracy and conformity with internal policies and applicable governing accounting principles (GAAP)
• Identify/determine and research appropriate cost center and/or accurate application to proper general ledger
• Prepare vouchers and forwards to cognizant business unit for processing or performs automated data entry
• Review invoices/payments to ensure accounts or cost centers are valid/accurate and processes within designated timeframes
• Process/maintain specialized items/ledgers: including subsidiary accounts, payroll taxes, wire transfers, mortgage servicing transactions, amortization, depreciation, and escheatment items
• Perform quality control review of system generated summaries for designated functional areas; ensures accounts are reconciled and clears outstanding items
• Maintain automated payment and reconciliation systems, sub-systems and databases; monitors auto-processes and reports for accuracy and completion
• Verify inter-face postings via automated system reports and ensures systems are in balance; clears outstanding items and escalates complex issues to management /ISD
• Participate in developing business requirements and designing new/enhanced automation; tracks ISD work requests; reviews and monitors integration testing, and participate in task groups across department lines
• Serve as resource in evaluating existing accounting systems and procedures to improve performance and processes; researches changes for more efficient operations
• Initiate and track automation work requests; collaborates with ISD and management regarding test results
• Ensure compliance with regulations and problem resolution through collaboration/interaction with internal and external contacts.
• Identify and investigate complex discrepancies/ processing problems - e.g., substantial branch or ATM cash differences, collections items, stop payments, balancing and/or reconciliation differences
• Determine corrective actions: prepares documentation and completes/reconciles ledger entries
• Research and resolves data entry errors or misapplied funds
• Resolve complex, critical and time-sensitive disputes; performs detailed research, provides required documentation and expedites payments
• Initiate contact with internal management, ISD, vendors, state or local tax authorities, and the Federal Reserve Bank to verify data; requests appropriate adjustments and/or follows up on outstanding reconciliation items
• Serve as point of contact for the branch/section and responds to critical/complex escalated inquiries from all levels of management and staff
• Guide and/or uses persuasion to ensure timely and accurate application of funds
• Generate, analyze, and compare accounting and financial reports; review/monitor to verify compliance, and advise data to contribute to corporate decision-making.
• Review and verify integrity of reports and documentation from automated postings; ensure accounts are maintained in compliance with Generally Accepted Accounting Principles (GAAP), Navy Federal, and NCUA standards
• Prepare and forward reports/documentation to ensure compliance with federal regulations (Reg D, Reg Z, FRB, incl. Board pages and NCUA report, internal/external audit findings)
• Compile and analyze cost accounting data (direct/indirect expenses, cost of capital, net income/loss); complete narrative reports/comparisons
• Compute and remits tax payments for federal, state, and local agencies; prepare and file quarterly returns and provides advice on the impact of changes in regulations and implement process improvements
• Compile/prepare & submit data to reflect property tax information by location/tax jurisdiction for property tax reporting purposes
• Performs standard/routine bookkeeping functions: posting, verification and balancing; modifies course of action based on precedent/within established guidelines
• Performs research for both standard and non-standard problem-solving including interaction with all levels of internal and external contacts for moderately complex issues
• Modifies work processes as needed and makes recommendations which have limited to moderate impact
• Works under moderate supervision