Financial Analyst

2 weeks ago


Herndon, Virginia, United States Navient Solutions, LLC Full time
Job Title: Accountant

Navient Solutions LLC is seeking a highly skilled Accountant to join our team. As an Accountant, you will be responsible for accounting and reporting functions related to the Company's various capital markets transactions.

Key Responsibilities:
  • 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.
Reporting and Analysis:
  • 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.
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.
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.

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.


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