Financial Reconciliation Specialist I

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Overview

Perform basic balancing and reconciliation functions for financial transactions and totals posted to Navy Federal systems and subsystems. Resolve exceptions and issues related to rejected items and transactions to ensure accuracy of general ledgers and member accounts. Perform basic/routine tasks requiring moderate analysis and solving problems of moderate complexity.

Responsibilities

• Balance and reconcile NFCU core processing system transactions and totals to ensure general ledger and member account accuracy
• Review, research, and evaluate unposted receipts, share/checking withdrawals, transfers, adjustments, and loans
• Process payments, reversals and adjustments to the recovery accounting system
• Identify and initiate adjustments; resolve posting errors and discrepancies related to out of balance conditions
• Conduct initial research of inquiries and discrepancies using applicable tools; determine resolution; communicate to appropriate internal/eternal contacts
• Identify, research, and resolve discrepancies/processing problems to include documentation and time-sensitive issues
• Serve on automated financial systems improvement initiatives
• Identify operational issues and make recommendations
• Monitor automated processes and reports for accuracy and completion; contribute to process improvement
• Support projects and initiatives within the business unit and/or across the organization
• Stay abreast of and ensure compliance with applicable federal, state and industry laws, regulations, and guidelines
• Collaborate successfully with others to create solutions
• Prepare or update written procedures
• Perform other duties as assigned

Qualifications

• Experience working in an accounting, banking and/or real estate lending operations.
• Working knowledge of financial transaction posting systems and reconciliation principles, procedures, and processes.
• Effective research, analytical, and problem solving skills.
• Effective skill interacting with staff, management, vendors and members diplomatically and tactfully.
• Effective verbal and written communication skills.
• Effective skill performing mathematical calculations and working accurately with numbers.
• Effective skill maintaining accuracy with attention to detail and meeting deadlines.
• Effective word processing and spreadsheet software skills.
• Effective database and presentation software skills.

Desired Qualifications

• Bachelor's degree in Accounting, Finance or other related field, or the equivalent combination of experience, education and training.
• Experience with credit union financials and/or NCUA regulations.
• Working knowledge of Navy Federal products, services, programs, policies and procedures.
• CPA designation SOX control environment and requirements including documentation/testing/financial reporting.

Hours: Monday - Friday, 8:00AM - 4:30PM

Location: 5550 Heritage Oaks Dr. Pensacola, FL 32526

About Us

You have goals, dreams, hobbies, and things you're passionate about—what's important to you is important to us. We're looking for people who not only want to do meaningful, challenging work, keep their skills sharp and move ahead, but who also take time for the things that matter to them—friends, family, and passions. And we're looking for team members who are passionate about our mission—making a difference in military members' and their families' lives. Together, we can make it happen. Don't take our word for it:

• Military Times 2022 Best for Vets Employers

• WayUp Top 100 Internship Programs

• Forbes® 2022 The Best Employers for New Grads

• Fortune Best Workplaces for Women

• Fortune 100 Best Companies to Work For®

• Computerworld® Best Places to Work in IT

• Ripplematch Campus Forward Award - Excellence in Early Career Hiring

• Fortune Best Place to Work for Financial and Insurance Services

Equal Employment Opportunity: Navy Federal values, celebrates, and enacts diversity in the workplace. Navy Federal takes affirmative action to employ and advance in employment qualified individuals with disabilities, disabled veterans, Armed Forces service medal veterans, recently separated veterans, and other protected veterans. EOE/AA/M/F/Veteran/Disability EOE/AA/M/F/Veteran/Disability Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team's discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.