About Navient. Navient, (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 navient.com. The Sr. Loan Accountant is responsible for accounting for Navient’s student loan assets, ensuring adherence to internal accounti... more details
About Navient
Navient, (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 navient.com.
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
Job Abstracts is an independent Job Search Engine. Job Abstracts is not an agent or representative and is not endorsed, sponsored or affiliated with any employer. Job Abstracts uses proprietary technology to keep the availability and accuracy of its job listings and their details. All trademarks, service marks, logos, domain names, and job descriptions are the property of their respective holder. Job Abstracts does not have its members apply for a job on the jobabstracts.com website. Additionally, Job Abstracts may provide a list of third-party job listings that may not be affiliated with any employer. Please make sure you understand and agree to the website's Terms & Conditions and Privacy Policies you are applying on as they may differ from ours and are not in our control.
Welcome to Job Abstracts
We would like to take a second to Welcome You to Job Abstracts, the nation’s largest Pure Job Board. With over 3.1 million job listings from 15,000+ Companies & Organizations, we help job searchers find careers that match their interests. As an anonymous user, you have probably discovered how easy our system is to use. However, you have just scratched the surface of what we can offer.
We encourage you to Register so you can use our most powerful features: searching with multiple terms, setting up multiple locations, establishing favorite companies, and accessing your search history. If you find a job you like, you can apply directly for it, and then, keep notes on it. We will also keep a lookout for jobs that match your search terms and email you when we find something you may like.
You can register for free and the system is free to use. If you like our system so far, click on Register and unlock the power required by serious job searchers.
Any time you conduct a search, the system shows you job matches, ranked by their Relevance Score (RS).
The score is calculated by a proprietary algorithm that uses Intelligent Machine Learning.
The Relevance Score tells you how well the job opportunity matches your search term or terms.
When not logged in, the system is limited to one search term. Scores for single term matches are usually lower.
When you register, log in, and set up multiple terms prioritized by importance, the jobs found for you will receive a much higher Relevance Score.