Overview

To perform complex cost accounting and management reporting for Navy Federal business unit products and services, and to contribute to the formulation of department business strategy by planning and conducting the annual financial planning (AFP) and midyear update processes. To support the optimization of business operations (money, materials, and people) by analyzing current product and budget performance.

Responsibilities

• Analyzes and studies financial data synthesized from the Activity Based Costing (ABC) system and other information sources in support of other cost analyses.
• Leads the design, analysis, and preparation of complex customized reports that provide actual Net Income and Return On Asset results for Department Products and Services
• Provides operational cost information to department business analysts in support of their analyses, and guidance regarding the use of ABC tools and models
• Synthesizes results of analyses of ABC processes, 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 ABC processes, reporting, and costing methodology
• Plans and conducts the department AFP and midyear update processes.
• 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
• 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
• Directs the preparation of AFP review materials for senior department management
• Analyzes and studies financial data synthesized from the AFP system and other information sources for executing current budgets and estimating future financial needs
• 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 enhanced efficiencies and potential gaps and/or problems related to generating revenue and suggests corrective alternatives
• Serves as liaison between functional areas and management for the implementation of ABC methodology changes and various study findings, and coordinates responses to related inquiries
• Performs other related duties as required or appropriate.

• Significant experience in progressively responsible accounting and/or finance positions that demonstrates in-depth knowledge of Activity Based Costing, 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

• 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