Job Information
Navient Accountant in Herndon, Virginia
Navient Solutions LLC
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 have the opportunity to assist with the accounting duties across the different portfolios within the Capital Markets Accounting group. This job requires flexibility in 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.
Essential Job Functions:
- General Ledger Accounting
Create journal entries to accurately account for various entities cash activity and balances
Set foreign currency spot rates based on contractual agreements and create corresponding journal entries
Implement and create new templates for cash system to reflect new banking activity
Ensure accurate new general ledger account creation
Prepare accounting entries for invoices received relative to the Company’s secured financings
Prepare accounting entries for non-facility Revolving Credit Agreements
Monitor and clear inter-company balances
- 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
- Customer Service
Liaison with IT, Front Office, Back Office, Financial Reporting and other departments within the Company
Participate in cross-training relative to the Company’s Secured Debt and Swap portfolio
Respond to internal/external audit inquiries in a timely manner
Assist with internal and external audit requests and management testing
- Accounting and Treasury System Maintenance
Update secured deals in Principia timely for capitalized invoices and ensure they are reconciled to the inventory of invoices outstanding.
Approve trades associated with structured finance collateral transactions.
Maintain and create accounting templates within cash system
Update Foreign Currency rates in the Oracle G/L
Participate in UAT and parallel testing as needed for our financial systems
Assist with new deal issuances for the Company’s securitization trusts and the creation of debt and derivative instruments 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
IMPORTANT NOTICES:
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
Navient (Nasdaq: NAVI) provides technology-enabled education finance and business processing solutions that simplify complex programs and help millions of people achieve success. Our customer-focused, data-driven services deliver exceptional results for clients in education, healthcare, and government. Learn more at navient.com.
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