Accountant
Company: Navient
Location: Herndon
Posted on: October 15, 2024
Job Description:
The Accountant is responsible for accounting and reporting
functions related to the Company's various capital markets
transactions. - This includes maintaining accounting systems,
booking journal entries, reconciling the general ledger, resolving
issues with Treasury back office, ensuring compliance with relevant
accounting standards, maintaining a strong controls environment,
and analytical reporting and reviewing of results. - The incumbent
will be able to assist with the accounting duties across the
different portfolios within the Capital Markets Accounting group.
This job requires flexible work hours as extended hours may be
required during monthly close and other peak periods.This is a
hybrid role with 2 days a week out of our Herndon, VA office.1.
General Ledger Accounting - - - - - - - - - - - - - - - - - - - - -
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- Prepare journal entries for debt instruments and derivatives
residing in the Company's securitization trusts.
- Reconcile the general ledger for the Company's trust debt and
derivative accounts
- Maintain an 8-day close by adhering to the group's monthly and
quarterly close calendar schedule
- Monitor and address cash clearing account balances as well as
inter-company out-of-balance issues - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - -2. Monthly/ Quarterly Reporting -
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- Create and maintain internal and external reports
- Review and maintain various excel spreadsheets used for monthly
analysis and reporting of monthly results
- Prepare quarterly reporting used to support disclosures
included in SEC Forms 10K/Q - - -
- Create and complete accurate ad hoc reporting as needed3.
Customer Service - - - - - - - - - - - - - - - - - - - - - - - - -
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- Liaison with IT, Front Office, Back Office, Financial Reporting
and other departments within the Company
- Respond to internal/external audit inquiries & requests
promptly
- Work with the Operations and Capital Markets teams to resolve
any paydown or interest override discrepancies between financial
systems.4. Accounting and Treasury System Maintenance - - - - - - -
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- Approve trades and verify interest overrides associated with
structured finance transactions on an ongoing and as needed basis
utilizing the Principia software system.
- Participate in UAT and parallel testing as needed for our
financial systems
- Ensure principal paydown files are accurate at various
distribution dates before being run in Principia
- Assist with new deal issuances for the Company's securitization
trusts and the creation of debt and derivative instruments, as well
as unsecured debt issuances, in PrincipiaMINIMUM REQUIREMENTS:
- Bachelor's Degree - Accounting, Finance, Economics
- 0-2 years of accounting/finance experience or back
office/middle office experience
- Strong Microsoft Excel skills
- General Ledger software (e.g., Oracle, PeopleSoft, etc.)
experience
- Strong analytical and problem-solving skills
- Strong communication skillsPREFERRED QUALIFICATIONS:
- CPA candidate
- Debt and/or derivative accounting experience
- Back Office or Middle Office experienceAll offers of employment
are contingent on standard background checks. Navient and certain
of its affiliated companies are federal, state and/or local
government contractors. Should this position support a Federal
Government contract, now or in the future, the successful candidate
will be subject to a background check conducted by the U.S.
Government to determine eligibility and suitability for federal
contract employment for public trust or sensitive positions.
Positions that support state and/or local contracts also may
require additional background checks to determine eligibility and
suitability.EOE Race/Ethnicity/Sex/Disability/Protected Vet/Sexual
Orientation/Gender Identity. Navient Corporation and its
subsidiaries are not sponsored by or agencies of the United States
of America.Navient is a drug free workplace.
Keywords: Navient, Reston , Accountant, Accounting, Auditing , Herndon, Virginia
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