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Senior Mortgage Accounting Specialist

Location: Full/Part Time: Full-Time Regular/Temporary: Regular

Job Description

Employee Perks

Why You Will Love Being Part of the Navy Federal Team:

*Competitive compensation with opportunities for annual raises, promotions, and bonus potential
*Best-in-Class Benefits! (7% 401k match / Pension plan / Tuition reimbursement / Great insurance options)
*On-site amenities include fitness center, wellness center, cafeteria, etc. at Pensacola, FL; Vienna, VA and Winchester, VA campuses
*Consistently Awarded Top Workplace
*Nationally recognized training department by TRAINING Magazine
*An employee-focused, diverse, and service-oriented workplace environment

Basic Purpose

To execute Mortgage Servicing financial accounting processes by applying federal and industry regulations and standards, and to support the accurate reconciliation and maintenance of financial statements and reports. 


• Perform accounting activities to include review and analysis of financial records to ensure accurate application of industry standards 
• Maintain mortgage accounting statements and associated accounts by reviewing and analyzing accounting activities
• Perform monthly close activities to include reviewing and monitoring entries to the Trial Balance,and posting of adjustments
• Perform account reconciliation, analytics and variance analysis, and provides sufficient supporting documentation
• Ensure compliance with GAAP and ASC by applying accounting standards in the preparation of Mortgage Servicing  financial statements
• Identify simplifying assumptions and accounting methods, and instances of incorrect application of GAAP/ASC; quantifies the impact of such treatment and recommends solution
• Lead and guide Accounting Technicians with proper classification of transactions and funds, and the resolution of misapplied funds or outstanding items
• Conducts in-depth analysis to identify, isolate and resolve discrepancies, and contributes to quality control and process improvement
• Investigate, resolve and /or escalate complex discrepancies, data entry errors, and out of balance situations; prepare and present recommendations for immediate action or proposals for policy changes to prevent losses
• Serve as point of contact for inquiries and problem resolution in collaboration with all levels of management and staff across the organization
• Perform research to assist with responses to inquiries from internal and external auditors
• Perform variance analysis and generates reports including associated justification
• Identify opportunities for process improvement  and presents recommendations for implementation
• Participate in process and automated improvement initiatives
• Participate on project teams and assists with the development and integration testing for new or enhanced automated financial accounting systems  -Guide Accounting Technicians with interface posting discrepancies and validating system generated reports
• Keep abreast of emerging accounting policies or updates Execute financial and operational controls as designed and according to the control descriptions
• Ensure compliance with internal documentation requirements by maintaining desktop procedures and/or checklists
• Mentor and guide Accounting Technicians
• Perform other duties as assigned


• Bachelor’s degree in a related field or the equivalent combination of education, training, and experience
• Knowledge and understanding of the application of the rules of GAAP
• Understanding of Sarbanes-Oxley(SOX) control environment and requirements
• Proficient with PC applications to include Microsoft Office and good Excel skills
• Ability to work both independently and in a team environment to include mentoring/guiding teammates
• Effective interpersonal , oral and written communication skills, and the ability to interact with external and internal contacts (e.g., auditors and other oversight groups to provide requested information/data)
• Strong problem solving, analytical and decision making skills
• Ability to work in a deadline driven environment
• Demonstrated intention to pursue or currently pursuing CPA certification
• Desired - Bachelor’s or advanced degree in Accounting, Finance, or other related field
• Desired - CPA certification highly desired
• Desired - Previous experience with credit union financials and/or NCUA regulations
• Desired - Knowledge of or familiarity with Navy Federal organizational structure, products, services, policies and procedures

Monday-Friday, 8:00AM-4:30PM
Flex time between 7:00AM and 7:30PM will be considered

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