Navient Sr Accountant II in Reston, Virginia
This position is responsible for overseeing the accounting for the Department of Education's student loan assets serviced by Navient, a Title IV Servicer; ensuring adherence to the Federal Information Security Management Act (FISMA) requirements; accounting controls and procedures; and working collaboratively with other departments, Title IV Servicers and Federal Student Aid (FSA) staff. This position will focus on processes related to the Defaulted Loan transfers to DMCS and the Loan Consolidation program, which includes coordination of the monthly reconciliations, identification and resolution of issues and variances. The position requires advanced accounting and technical skills, excellent communication, proven leadership and effective time management. The position requires a Level 5C (High Risk) security clearance.
a) Keep the Director apprised of all issues. Actively participate in meetings; provide timely delivery of requirements.
b) Oversee the Loan Consolidation process and its impact to Loan Accounting. Elevate issues to the appropriate business areas; collaborating on issues until resolution. Represent Loan Accounting on internal and external FSA/TIVAS touchpoint calls.
c) Ensure timely follow up and resolution to reconciliation variances.
d) Coordinate the final DMSC reconciliations; analyze results and work with business partners on variance resolution.
e) Summarize and document existing accounting issues for management; formulate and execute plan of action
f) Provide superior customer service to FSA staff
2) Support Department Objectives/Customer Service
a) Provide support for multiple internal and external audits throughout the year
b) Provide superior customer service and prompt response to FSA inquiries. Support the company's goal of achieving a first place scorecard ranking by the Department of Education
c) Monitor variances; working with the business areas and IT to coordinate their efforts in resolution
d) Review mapping and procedure documentation to ensure they are current and to eliminate risk
e) Assist in the implementation of new program requirements and change requests
f) Prepare monthly DMCS Monthly Management Report.
This position will support a federal government contract. Applicants must be able to obtain Public Trust security clearance as required of federal government contractors to include a background check conducted by the U.S. Government to determine eligibility and suitability for federal contract employment for public trust or sensitive positions. For this level of clearance, applicants must possess U.S. citizenship.
Bachelor's Degree - Accounting and Finance
4 -- 5 years experience in a fast-paced accounting department
Complex general ledger accounting
Excellent communication skills
Expertise in Microsoft Office products, especially Excel
Excellent analytical skills
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.