Navient Sr Accountant I in Reston, Virginia
The Department is responsible for accounting and reporting functions related to the Company's structured finance transactions. This includes maintaining accounting systems, booking journal entries, reconciling the general ledger, ensuring compliance with relevant accounting standards, and analytical reporting and reviewing of results. In addition, the group is called on for ad hoc reporting and analysis as need by Senior Management. Specific job responsibilities include preparing accounting entries and reconciling general ledger accounts for debt instruments, and derivatives residing in the Company's securitization trusts, reviewing and reconciling cash activity related to debt and derivatives, reviewing and approving trades associated with structured finance transactions on an ongoing/ as needed basis, reviewing and maintaining various excel spreadsheets used for monthly analysis and reporting of monthly results, and preparing ad hoc reports and analysis as needed. Lastly, this position will be responsible for coordinating the modeling of the Company's existing, pipeline and future securitization and other asset-backed financial transactions; to include the settlement cash flow analysis of all new structured finance transactions. This job requires flexibility in work hours and mandatory overtime during peak periods
Essential Job Functions:
- General Ledger Accounting
Prepare accounting entries for all debt, derivative, and investment instruments residing in securitization trusts
Prepare G/L reconciliations for all accounts related to the entries mentioned, above
Review and reconcile cash activity related to debt and derivatives
- Maintain accurate records in Principia
Review and approve trades associated with structured finance transactions on an ongoing/ as-needed basis.
Maintain accurate paydown records in accordance with monthly & quarterly paydown schedules.
- Cash Flow Modeling
Review settlement cash flows to ensure proper modeling
Review securitization trust re-run cash flows and prepare relevant and necessary data files
Analyze the results of assumption changes from quarter to quarter, as evidenced in our managed upload process.
- Monthly/ Quarterly Reporting
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
- Complete other ad hoc analysis as directed.
Bachelor's Degree - Accounting, Finance
2 year of accounting/finance experience
Excellent Microsoft Excel skills
General Ledger software (e.g.-SAP, PeopleSoft, etc.) 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 Minority/Female/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.