Summer Intern (Mortgage Financial Reporting)

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
• 2021 People Companies that Care
• Fortune Best Workplaces for Women
• Fortune 100 Best Companies to Work For®
• Fortune Best Workplaces for Millennials
• Computerworld® Best Places to Work in IT

Basic Purpose

Mortgage Financial Reporting is a team within Real Estate Lending department and more specifically the Mortgage & Equity Servicing Branch.

Our team is responsible for the reconciliation of over 20 general ledger accounts which are comprised of activity related to mortgage origination and servicing processes. The management of these accounts can require in depth research and working with various business units to resolve discrepancies. In addition, we manage the reconciliation of transactions posting to the mortgage servicing system to ensure accuracy of the daily transactions and providing internal controls. On a monthly basis, our team prepares reporting of the months mortgage activity for leadership and business partners.

• A requirement of this position is you must be currently enrolled in college level courses or a degree-seeking program throughout the duration of the internship. Please upload your transcripts by clicking the “Attach Cover Letter” button during your application.

Responsibilities

• Balance and reconcile Navy Federal core processing system transactions and totals to ensure general ledger and member account accuracy
• 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 business partners
• Involvement in month end account reconciliation
• Identify operational efficiencies and make recommendations of solution

Qualifications

• Must be pursuing an undergraduate or higher degree from an accredited college/university
• Experience working in an accounting or banking operation
• Working knowledge of financial transaction posting systems and reconciliation principles, procedures, and processes
• Effective research, analytical, and problem-solving skills
• Ability to work independently and in a team environment
• Effective organizational, time management and planning skills
• Effective verbal and written communication
• 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
• Undergraduate students only

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

Location: 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: $15.00 – $30.10 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.

Posting End Date: 12/31/22

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.

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.