The Senior Financial Reporting Analyst is responsible for preparation of monthly, quarterly, and annual internal and external reports related to financial statements (e.g., board reports, NCUA call report, annual report, retirement plans) and ensure compliance of such financial statements with management standards, Generally Accepted Accounting Principles (GAAP), and regulatory requirements.
This position also has financial reporting requirements to perform research and evaluate existing and emerging accounting rules, standards and disclosure requirements to determine impact to the financial statements.
Monitor and analyze new and existing accounting guidance and federal regulations to ensure that Navy Federal is in compliance with established standards
Interpret emerging accounting guidance and policies and make recommendation
Prepare/collaborate on presentations, reports, white papers in communication with business units and other departments
Ensure compliance with internal and external documentation and disclosure requirements
Serve as a subject matter expert with internal and external auditors (e.g., NCUA, CFPB, and contracted third parties) to address and resolve audit questions and findings
Provide expert guidance for application and implementation of new controls/processes as it relates to financial reporting ;and make recommendation for best practice
Prepare ad hoc and required industry and regulatory reports including audit inquires in compliance with internal and external regulations
Participate in development and implementation of systems of large scope and scale
Serve on automated financial systems improvement initiatives
Monitor automated processes and reports for accuracy and completion; contribute to process improvement
Develop and recommend enhancements to improve operational processes and procedures
Performs other duties as assigned
Bachelor’s degree in Accounting and Finance
5+ years relevant work experience, combination of public accounting or financial reporting experience preferred. Financial Services or credit union/NCUA Regulations experience is a plus
Certified Public Accountant (CPA) designation
Experience in applying techniques used in analyzing and reporting financial information
Demonstrated knowledge of generally accepted accounting principles (GAAP) and financial reporting
Advance skill working with financial accounting systems used in the management and analysis of financial data
Demonstrated ability to effectively communicate complex messages to diverse audiences at all organization levels, both verbally and in writing
Advance research, analytical, and problem solving skills
Advance skill presenting findings, conclusions, alternatives and information clearly and concisely
Ability to work independently and in a team environment
Effective database and presentation software skills
Advanced Microsoft Office products skills, especially Excel word
Bank Secrecy Section
Remains cognizant of and adheres to Navy Federal policies and procedures and regulations pertaining to the Bank Secrecy Act.
About Navy Federal Credit Union
As a member-owned and not-for-profit credit union, Navy Federal’s mission is to always put
members first. Each area of the credit union operates with the same purpose in mind; making
members’ financial goals the top priority. Navy Federal is honored to serve those who serve, with a
field of membership comprised of all Department of Defense and Coast Guard active duty, veterans,
civilian and contractor personnel and their families.
• Navy Federal’s headquarters in Vienna, Virginia.
• Navy Federal was organized in 1933 with only seven members. Now, the largest
credit union in the world, we serve more than 8.6 million members.
• Navy Federal has a workforce of over 18,000 employees dedicated to serving
members. One-third of our employees work in our branches worldwide.
• Navy Federal has $106.6 billion in assets.
• Navy Federal has been recognized as:
• #1 for Customer Experience Among Multi-channel Banks/Credit Unions, Forrester
CX Index, 2019
• No. 29 on FORTUNE’s 2019 “100 Best Companies to Work For” List
• No. 1 on KPMG’s 2018 U.S. Customer Experience Excellence Analysis
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