Job Information
Navy Federal Credit Union Senior Business Unit Financial Analyst in Vienna, Virginia
Overview
To perform complex financial management and reporting for the Office of General Counsel and Internal Audit departments within Navy Federal, and to contribute to the formulation of department business strategy by planning and conducting the annual financial planning (AFP) and forecast update processes. To support the optimization of business operations by analyzing department financial performance and implementing efficiencies as needed.
Responsibilities
Leads the design, analysis, and preparation of complex customized reports that provide Net Income, Cost, and Return on Asset results for Department Products and Services
Synthesizes results of process and model changes and the impact of business decisions; develops recommendations and presents results to management
Collaborates with management to identify, recommend, and facilitate implementation of new or enhanced Activity Based Costing (ABC) processes, reporting, and costing methodology
Plans and conducts the department AFP and quarterly forecast updates. Prepares adhoc reports as needed in support of departments
Leads the design, analysis, and preparation of complex customized reports that influence senior department management decisions regarding prioritizing the organization's financial resources
Establishes procedures to ensure accurate and complete compilation of AFP submittals. Directs the preparation of AFP materials for senior department management review
Analyzes and studies financial data synthesized from the AFP system and other information sources for executing current budgets and estimating future financial needs
Serves as technical subject matter expert for cost-benefit analysis, fiscal allocation, and budget preparation; analyzes and recommends reporting process improvement to management
Reviews consolidated summaries of department plan submissions for completeness, accuracy and compliance with budget directives
Conducts cost studies by analyzing internal data and reviewing for reasonableness and accuracy; recommends proposals for implementation
Oversees the preparation of variance analyses, monitors the implementation of budget revisions, and responds to information and analysis requests from senior management
Responsible for supporting the production, analysis, and dissemination of monthly financial management information for Navy Federal
Identifies opportunities for process efficiencies related to department financial management
Performs other related duties as required or appropriate
Qualifications
Significant experience in progressively responsible accounting and/or finance positions that demonstrates in-depth knowledge of financial planning and analysis, budgeting theories and practices, and variance analysis
Proficiency with word processing, spreadsheet, database, and presentation/graphics application
Ability to work independently with limited guidance and as part of a team, and experience with guiding and mentoring others
Ability to work in a changing environment and assess the impact of changes on objectives and to rapidly shift priorities as circumstances change
Extensive experience and proficiency with data querying, reporting and forecasting including demonstrated skill using automated cost accounting/planning/budgeting systems
Strong research, analytical, and problem-solving skills including the ability to clearly present findings and alternatives to influence management decision making
Strong interpersonal skills including the ability to interact effectively with external contacts and all levels of management and staff
Bachelor's Degree in a related field, or the equivalent combination of training, education and experience
Desired Qualifications
Knowledge of financial institutions operations, preferably credit unions
Certified Public Accountant (CPA) or Master of Business Administration (MBA) highly desired
Bachelor's degree in Accounting, Finance, or Business Administration
Hours: Monday - Friday, 8:00AM - 4:30PM
Location: 820 Follin Lane, Vienna, VA 22180
About Us
Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.
Our approach to careers is simple yet powerful: Make our mission your passion.
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From Fortune. ©2024 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Navy Federal Credit Union.
Equal Employment Opportunity: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected Veteran.
Hybrid Workplace: Navy Federal Credit Union is a hybrid workplace, and details will be discussed during your interview process.
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.
REQNUMBER: 24469