Assistant Vice President, Investor Accounting

Overview

To manage and account for investor funds and related reporting, reconciliation and remittances for secondary market mortgage sales. Partner with internal business units and external parties on the delivery and certification of investor loan pools and government agency submissions. Ensure compliance with NCUA, Financial Accounting Standards Board (FASB) and Government-Sponsored Enterprise (GSE) requirements by directing the research, analysis, and reporting of complex financial and investor accounting standards. Provide expert technical guidance and support to senior management on complex investor accounting issues.

Responsibilities

• Directs the evaluation, interpretation and application of complex financial and investor accounting standards to credit union operations
• Ensures investor accounting policies are in compliance with Government-Sponsored Enterprise (GSE) and private investor base requirements
• Ensures accounting policies are in compliance with generally accepted accounting principles (GAAP) and statements of Financial Accounting Standards (FAS)
• Oversees the activities, performance and functioning of the respective mortgage investor accounting areas
• Works with line management to improve Navy Federal's competitive posture, operational efficiency, and quality of services to investors
• Directs and coordinates the resources, systems, as well as Managers, and other employees associated with Navy Federal's Mortgage & Equity Loan Servicing portfolio
• Analyzes the external environment (e.g., competitor practices, legislative and regulatory changes, economic trends, etc.) and the internal environment (e.g., member needs and preferences, available resources and technology, existing Navy Federal policies and procedures) to establish relevant objectives for the Division, in association with the Vice President.
• Develop alternatives for reaching the objectives and implement constructive plans to pursue the chosen solution
• Develop strategy for mortgage servicing products/ services
• Determines resources to be used, and when, where, and how they will be used; develops tasks to be performed; assigns tasks and allocates resources
• Directs others towards achieving division objectives
• Provides a leadership role in identifying new and innovative ways to apply technology to business lending situations
• Manages merit pay in accordance with specified objectives and guidelines
• Assists in the financial planning and goal setting for the Division
• Monitors projects assigned to ensure that project goals and objectives are completed according to schedule
• Works closely with the Division Vice President to prepare, analyze, complete, and execute the Annual Financial Plan for the Department
• Obtains or provides justification for all expense items
• Represents the Real Estate Lending Department as liaison and spokesperson to Navy Federal committees, other Departments and senior management regarding department/enterprise strategic initiatives, mortgage and equity lending issues and custodial account matters
• Performs other duties as assigned or appropriate

Qualifications

• Expert knowledge of and extensive experience with financial principles and practices, financial markets, banking and the analysis and reporting of financial data with the ability to effectively interpret and apply generally accepted accounting principles (GAAP)
• Extensive and progressively responsible experience which involved leading, directing, and controlling a multifunctional operation and the application of good management principles and practices
• Ability to plan, organize, direct, lead and control a multi-function operation
• Ability to produce desired results and achieve objectives
• Ability to present findings and conclusions clearly and concisely
• Familiarity with automated systems
• Knowledge of mortgage and equity products and services
• Strong research, analysis and problem-solving skills
• Highly effective verbal, written and interpersonal communication skills
• Designation as a Certified Public Accountant (CPA)
• Strong knowledge of financial services and mortgage/equity operations
• Familiarity with Navy Federal's objectives, functions and policies
• Advanced knowledge of NFCU's functions, philosophy, operations, and organizational objectives
• Bachelor's degree in Accounting, Finance or Business Administration, or related field

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

Locations: 820 Follin Lane, Vienna, Virginia 22180 | 141 Security Drive, Winchester, VA 22602

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