SR. LOAN ACCOUNTANT
Company: Navient
Location: Herndon
Posted on: May 8, 2024
Job Description:
About NavientNavient, (Nasdaq: NAVI) and subsidiary companies,
provide technology-enabled education finance and business
processing solutions that simplify complex programs and help
millions of people achieve success. Our customer-focused,
data-driven services deliver exceptional results for clients in
education, healthcare, and government. Learn more at -.The Sr. Loan
Accountant is responsible for accounting for Navient's student loan
assets, ensuring adherence to internal accounting controls and
procedures, and working collaboratively with other departments. The
incumbent will be responsible for accounting for multiple
portfolios including Navient and third party serviced as well as
Securitized Trusts. - The position requires proven accounting and
technical skills, excellent communication, and effective time
management in a deadline-oriented accounting department.This is a
hybrid role with 2 days a week out of our Herndon, VA
office.Monthly Accounting
- Account for multiple Student Loan portfolios including both
CLASS/FDR and externally serviced loans.
- Maintain controls of loan assets. Understand and explain the
activity within their portfolio. - Be the expert of their assigned
tasks for both Trust and non-Trust portfolios. -
- Prepare monthly general ledger account reconciliations for all
portfolios; update the PeopleSoft Tracker component and ensure
timely follow up and resolution to reconciliation variances.
-Payment of Fees
- Review and approve monthly third-party servicing fee invoices
in compliance with their servicing contract. - Ensure that payments
are executed promptly.
- Analyze and be able to explain large income adjustments related
to the quarterly ED 799 billings.
- Review and prepare payments for Consolidation Loan Rebate Fees
in compliance with the Department of Education regulations.
-Support Department Objectives/Projects
- Provide support for both internal and external audits as well
as semi-annual Self-Assessments.
- Complete other projects as assigned.MINIMUM REQUIREMENTS:
- Bachelor's Degree - Accounting and Finance or similar
field
- 2 - 4 years experience in a fast-paced accounting
department
- Excellent communication skills
- Expertise in Microsoft Office products, especially Excel
- Excellent analytical skills
- Attention to detailAll offers of employment are contingent on
standard background checks. Navient and certain of its affiliated
companies are federal, state and/or local government contractors.
Should this position support a Federal Government contract, now or
in the future, the successful candidate will be subject to a
background check conducted by the U.S. Government to determine
eligibility and suitability for federal contract employment for
public trust or sensitive positions. Positions that support state
and/or local contracts also may require additional background
checks to determine eligibility and suitability.EOE
Race/Ethnicity/Sex/Disability/Protected Vet/Sexual
Orientation/Gender Identity. Navient Corporation and its
subsidiaries are not sponsored by or agencies of the United States
of America.Navient is a drug free workplace.
Keywords: Navient, Harrisonburg , SR. LOAN ACCOUNTANT, Accounting, Auditing , Herndon, Virginia
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