Financial Systems Reconciliation Specialist I/II

Location: FL Milton 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 perform basic balancing and reconciliation functions for financial transactions and totals posted to Navy Federal systems and subsystems. To resolve exceptions and issues related to rejected items from interface files programmed to post to general ledgers and/or member accounts. 

Responsibilities (Level I):

•    Balance and reconcile core processing system totals (ST, IMPACS, ALS, CCS, MTG) to ensure general ledger accuracy 
•    Review, research, and evaluate unposted receipts, share/checking withdrawals, transfers, adjustments, and loans 
•    Process payments, reversals and adjustments to the recovery accounting system 
•    Identify and initiate adjustment; resolve posting errors and discrepancies related to out of balance conditions 
•    Conduct initial research of inquiries and discrepancies using applicable tools; determine resolution; communicate to appropriate internal/eternal contacts  
•    Identify, investigate and resolve discrepancies/processing problems to include documentation and time-sensitive issues 
•    Serve on automated financial systems improvement initiatives 
•    Identify operational issues and make recommendations  
•    Monitor automated processes and reports for accuracy and completion; contribute to process improvement  
•    Support projects and initiatives within the business unit and/or across the organization 
•    Stay abreast of and ensure compliance with applicable federal, state and industry laws, regulations and guidelines 
•    Perform other duties as assigned 

Responsibilities (Level II):

•    Balance and reconcile core processing system totals (ST, IMPACS, ALS, CCS, MTG) to ensure general ledger accuracy - Experienced
•    Review, research, and evaluate unposted receipts, share/checking withdrawals, transfers, adjustments, and loans - Moderate analysis
•    Identify and initiate adjustment; resolve posting errors and discrepancies related to out of balance conditions 
•    Conduct initial research of inquiries and discrepancies using applicable tools; determine resolution; communicate to appropriate internal/eternal contacts - Moderate analysis
•    Identify, investigate and resolve discrepancies/processing problems to include documentation and time-sensitive issues - Moderately Complex/Varied
•    Escalate issues as needed to appropriate representative and/or business unit - Moderate latitude
•    Serve on automated financial systems improvement initiatives - Participates in
•    Identify operational issues and make recommendations - Moderate latitude
•    Monitor automated processes and reports for accuracy and completion; contribute to process improvement  – Participates in 
•    Involved in cross-organizational task groups concerning new automated systems, products and/or services -Participates in
•    Support projects and initiatives within the business unit and/or across the organization – Participates in 
•    Conduct and/or facilitate user acceptance testing to include developing and executing test cases, communication with project teams, validating and documenting results - Participates in
•    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 – Participates in 
•    Stay abreast of and ensure compliance with applicable federal, state and industry laws, regulations and guidelines – Experienced 
•    Serve as mentor/trainer and provide guidance and assistance to team members 
•    Perform other duties as assigned 

Qualifications – All required unless otherwise noted (Level I):

•    Experience working in an accounting or banking operation Working knowledge of financial transaction posting systems and reconciliation principles, procedures, and processes 
•    Effective research, analytical,  and problem solving skills 
•    Effective skill interacting with staff, management, vendors and members diplomatically and tactfully 
•    Effective verbal and written communication skills Effective skill performing mathematical calculations and working accurately with numbers 
•    Effective skill maintaining accuracy with attention to detail and meeting deadlines 
•    Effective word processing and spreadsheet software skills 
•    Effective database and presentation software skills
•    Desired - Bachelor’s degree in Accounting, Finance or other related field Desired - CPA designation preferred
•    Desired - SOX control environment and requirements including documentation/testing/financial reporting
•    Desired - Experience with credit union financials and/or NCUA regulations 
•    Desired - Working knowledge of Navy Federal products, services, programs, policies and procedures 

Qualifications – All required unless otherwise noted (Level II):

•    Experience working in an accounting or banking operation Experience in work which displays increasing levels of responsibility and/or authority 
•    Working knowledge of financial transaction posting systems and reconciliation principles, procedures, and processes Effective research, analytical,  and problem solving skills 
•    Effective skill interacting with staff, management, vendors and members diplomatically and tactfully 
•    Ability to work independently and in a team environment Experience managing multiple priorities independently and/or in a team environment to achieve goals 
•    Effective organizational, planning and time management skills Effective skill exercising initiative and using good judgment to make sound decisions 
•    Effective verbal and written communication skills 
•    Effective skill performing mathematical calculations and working accurately with numbers Effective skill maintaining accuracy with attention to detail and meeting deadlines 
•    Effective word processing and spreadsheet software skills Effective database and presentation software skills 
•    Desired - Bachelor’s degree in Accounting, Finance or other related field
•    Desired - CPA designation preferred 
•    Desired - SOX control environment and requirements including documentation/testing/financial reporting
•    Desired - Experience with credit union financials and/or NCUA regulations Desired - Working knowledge of Navy Federal products, services, programs, policies and procedures 

**This position is designated essential and is expected to report onsite even if operations are reduced.** 

Hours:
Monday-Friday, 7:00AM-3:30PM

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