Overview
To support the execution of Navy Federal's investment and liquidity management strategy by ensuring proper accounting and documentation of associated transactions in compliance with federal regulations and internal policies and procedures. Implement short-term tactical investment/borrowing techniques. Develop and maintain business relationships with multiple internal and external contacts. Monitor and responsible for ensuring accurate reconciliation and proper documentation of cash and investment transactions, related fees and regulatory reports. Contribute to efficient operations by researching, recommending and implementing new or enhanced technology. Works on assignments requiring considerable judgment and initiative with minimum day to day supervision.
Responsibilities
Perform basic post trade activities related to capital markets transactions, including ensuring successful settlement of securities and/or cash with external counterparties
Ensure safety, soundness, and accuracy of multi-billion dollar investment and borrowing portfolios by performing on going accounting and coupon maintenance of investment, derivative, and borrowing portfolios
Execute, design and enhance moderately complex financial and business controls
Coordinate with Capital Markets team to execute final transactions for investor delivery and trades/securities, including resolving problems/discrepancies
Monitor and manage daily moderately complex multi-million dollar cash flows daily through the Federal Reserve account to meet reserve and clearing balance requirements, and determine funds available for investment or required for operations (Branch Office/ATM cash orders)
Collaborate with the Federal Reserve, internal business units, and Navy Federal's contracted courier to reconcile transactions on Navy Federal's Reserve Account; identify and resolve complex substantial dollar value discrepancies
Process moderately complex multi-million dollar corporate wires to fulfill the Credit Union's obligations
Perform accounting activities with ledgers, reconciliation and financial reports
Basic research and review on statistics and reports to discover, report, and leverage business performance and trends Collect, prepare and maintain data for analysis, reports and reference; update and maintain reports and statistics for management
Stay abreast of and ensure compliance with applicable federal, state and industry laws, regulations and guidelines
Review proposed policy and procedure changes for technical adequacy, completeness, compliance to regulations
Identify areas of improvement; determine solutions; implement enhancements/changes to improve operations, standards and results
Ensure complete and accurate documentation regarding Navy Federal policies and processes
Perform other duties as assigned
Qualifications
Experience in corporate treasury operations and executing corporate investments
Working knowledge of Federal Reserve regulations and cash management standards, practices and procedures
Experience executing overnight investments, borrowing short-term funds, cash management and account reconciliation
Experience applying technical accounting knowledge in performing transactions and reconciliation
Experience in work which displays increasing levels of responsibility and/or authority
Ability to work independently and in a team environment
Effective skill in responding to requests regarding complex financial information/data
Effective skill exercising initiative and using good judgment to make sound decisions
Effective skill interacting with staff, management, vendors and members diplomatically and tactfully
Effective verbal and written communication skills
Effective organizational, planning and time management skills
Effective word processing and spreadsheet software skills
Effective database and presentation software skills
Desired Qualifications
Bachelor's degree in Accounting, Finance, Business Administration, or the equivalent combination of experience, education and training
Significant experience with credit union financials and/or NCUA regulations
Working knowledge of Navy Federal products, services, policies, and procedures
Hours: Monday - Friday, 8:00AM - 4:30PM
Locations: 820 Follin Lane, Vienna, VA 22180 | 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.
Our approach to careers is simple yet powerful: Make our mission your passion.
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Equal Employment Opportunity: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected Veteran.
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: 26164
