Navient (Nasdaq: NAVI) provides asset management and business processing solutions to education, healthcare and government clients at the federal, state, and local levels. We help our clients and millions of Americans achieve financial success through our services and support. Headquartered in Wilmington, Delaware, Navient employs team members in Western New York, Northeastern Pennsylvania, Indiana, Tennessee, Texas, Virginia, and other locations. Learn more at navient.com.
The Financial Planning & Analysis team (FP&A) is seeking to hire a Financial Analyst to support the production, maintenance and development of models and processes performed for the financial planning, analysis and forecasting of Navient. The FP&A team is a high performing and highly visible team, whose primary mission is to provide key business and performance intelligence to executive management that enables accurate, efficient, and optimal financial management and decision making. The required budgeting and reporting functions include coordinating with the various departments and business units, development and deployment of budgeting and forecasting models, analyzing cash flow projections and reporting and analyses for senior management.
Essential Job Functions:
1.Budgeting and Forecasting
Provide guidance and assistance to business units and cost center head for the preparation of their respective operating expense budget and forecast
Develop and become efficient in the company's budgeting and reporting tool (Hyperion & Essbase) to produce meaningful reports and analysis
Analyze and explain any new trends affecting the annual budget and subsequent forecasts and make recommendations to the management team
2.Financial Analysis and Reporting
Produce actual operating expense reports with comparisons to budget and prior periods for distribution to senior management and cost center heads
Assist in the research of results comparing actual vs forecast/plan for senior executives on monthly basis with insight on main drivers/trends.
Monitor expense trend as a part of responsibility for cost allocation across the organization.
3.Cash Flow Forecast
Participate in modeling and analyzing cash flow trends and provide analysis results to management
Work with various accounting groups and capital markets to maintain cash flow model on an on-going basis
Support the production of the life-of-loan cash flow, assist in preparation of materials for Earnings and Investor presentations
4.General Ledger Account Maintenance
Maintain the general ledger account maintenance for across the organization
5.Ad Hoc Request
Provide support for and advise groups in dealing with budget/forecast related issues
Perform ad hoc analyses and special projects for senior management
Bachelor's Degree Finance or Accounting degree preferred additional equivalent experience may substitute
2+ years experience in financial analysis, corporate accounting and/or public accounting
Expertise in Microsoft Office products, especially Excel and PowerPoint
Expertise in financial modeling and standards of practice