Summer Associate Graduate Intern (Technical Accounting)

YOUR LIFE’S MISSION: POSSIBLE

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 2021 Best for Vets Employers
• WayUp Top 100 Internship Programs
• Forbes® 2022 The Best Employers for New Grads
• Forbes® America’s Best Employers
• Newsweek Top 100 Most Loved Workplaces
• Fortune Best Workplaces for Women
• Fortune 100 Best Companies to Work For®
• Computerworld® Best Places to Work in IT

Basic Purpose

Technical Accounting is a team within Corporate Accounting, along with Operational Accounting, Accounting Policy, Internal Risk and Controls, and Financial Reporting. We work together to create accurate financial reports. The Technical Accounting team focuses on accounting areas of higher judgment or estimation, including allowance for loan losses, current expected credit loss, investments, derivatives, and more. In addition to our team’s review and analysis of financial statement line items and monthly close activities, we are focused on finding areas of improvement in existing processes and controls.

We are looking for a driven individual with understanding of GAAP, and financial principles and terms who is ready for an immersive, real-world experience. The Summer Associate can expect to participate in the preparation of financial reports, analyze actual financial data, learn more about our general ledger software, and assist with other accounting projects and activities. The Summer Associate will need to be a motivated team player who can maintain efficiency and accuracy when multitasking and should possess an understanding of accounting and financial principles and a positive attitude. The Summer Associate should also be collaborative, trustworthy, receptive to feedback, and eager to learn.

The Summer Associate will assist with developing analytics, process improvements, and control enhancements related to our CECL reserves process, investment accounting process, and/or management reporting enhancements for various other high estimation accounting areas.

The Summer Associate Graduate Intern Program is a 10+ week graduate internship program beginning in May 2023 and ending in August 2023. The intention of this program is to hire graduate interns who prove their aptitude into full time roles following graduation. To qualify for this position, applicants must be currently pursuing a graduate or PhD level degree from an accredited college or university with an anticipated graduation date of December 2023 or later.

Responsibilities

• Prepare executive financial reports by collecting, analyzing, and summarizing account information and trends
• Assist with process improvements related to CECL reserve and investment accounting processes
• Support Technical Accounting team in identifying and revising reporting requirements
• Assist with month-end close activities
• Handle sensitive or confidential information with honesty and integrity
• Take on additional tasks or projects to learn more about accounting, finance, and data analytics

Qualifications

• Currently pursuing a graduate degree in Accounting, Finance, or MBA preferred
• Bachelor’s degree in Accounting or the equivalent combination of experience,

education, and training

• Working knowledge of GAAP
• Effective organizational skills and ability to respond to requests effectively and efficiently
• Experience with data analytics and working with large data sets
• Ability to translate business requirements into non-technical, lay terms
• Strong verbal and written communication skills
• High level of efficiency, accuracy, and responsibility
• Motivation and a strong desire to take on new challenges and learn as much as possible

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

Location: Remote | 820 Follin Lane, Vienna, VA 22180 | 5550 Heritage Oaks Drive, Pensacola, FL 32526 | 141 Security Drive, Winchester, VA 22602

Navy Federal is now hybrid! Our standard enterprise requirement for a hybrid schedule is to report on-site 4-16 days each month. The number of days reporting on-site will ultimately be determined by the employee’s leadership and business unit needs. You will learn more throughout the hiring and on boarding process.

Salary Range: $41.00 – $46.00 hourly

Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. Within this range, pay will be determined based on factors such as individual qualifications, location, and market position.

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

COVID-19 Safety Protocols

All employees are expected to follow our COVID-19 safety protocols.

Disclaimer

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.

Bank Secrecy Act

Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.