Accounting Technician I

Overview 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. Responsibilities 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 Performs other duties as assigned or appropriate. Qualifications Ability to work accurately with numbers and proficient with numbers Ability to use initiative and good judgment General understanding of GAAP, FAS and financial industry Experience using PCs including spreadsheet, database and word processing software Demonstrated knowledge of accounting including accounts payable, accounts receivable, balancing and reconciliation skills Effective problem-solving and organizational skills Effective interpersonal, verbal and written communication skills Desired Qualifications Previous experience using automated accounting systems in a financial institution In-depth knowledge GAAP and NCUA policies and regulations and their application to Navy Federal's accounting procedures Familiarity with ARM, Comperio, and/or other accounting research tools Thorough familiarity with Navy Federal's organizational structure, products and services CPA certification College level course work or undergraduate degree in Accounting, Finance or related field Hours: Monday - Friday, 7:30AM - 4:00PM Location: 5550 Heritage Oaks Drive Pensacola, FL 32526 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 • Computerworld® Best Places to Work in IT • Forbes® 2024 America's Best Large Employers • Forbes® 2023 The Best Employers for New Grads • Fortune Best Workplaces for Millennials™ 2023 • Fortune Best Workplaces for Women ™ 2023 • Fortune 100 Best Companies to Work For® 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: 21634