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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
- 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
- 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 needed
3. Customer Service
- 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 ��
- 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 Principia
MINIMUM 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 skills
PREFERRED QUALIFICATIONS:
- CPA candidate
- Debt and/or derivative accounting experience
- Back Office or Middle Office experience
All 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.
