Financial reporting

Description & Requirements Maximus is seeking a Sr Analyst in Financial Reporting to join our team.This position is responsible for accounting for the Department of Education's student loan assets, serviced by Aidvantage, ensuring adherence to the Federal Information Security Management Act (FISMA) requirements, accounting controls and procedures, and working collaboratively with other departments, Title IV Servicers and Federal Student Aid (FSA) staff.The incumbent will be responsible for accounting for multiple portfolios.The position requires proven accounting and technical skills, excellent communication and effective time management in a fast paced multiple deadline oriented accounting department.The position requires a Level 5C security clearance. This position reports to a Supervisor or a Manager.The Sr.Analyst reviews the daily reporting data that is loaded into the Federal Accounting and Reporting System (FARS), analyzes the data and ensures accuracy of the transactions sent to Department of Education's Financial Management System (FMS) for posting to their general ledger.Once the monthly accounting cycle is complete, the Sr.Analyst must prepare reconciliations and research and resolve any unreconciled items. The main challenge of this position is to be able to effectively account for multiple portfolios under tight deadlines.Attention to detail and time management are essential to the success of this position.Another challenge is the identification of variances and their timely resolution.The analyst must take initiative in determining a plan to resolve variances, so those reconciling items are current and thoroughly documented.The analyst must work closely with contacts to build an effective relationship to achieve common goals.Analytical skills are required in an effort to understand and explain changes in income and other servicing practices. At this level, the Sr.Analyst is expected to achieve routine daily and monthly accounting assignments with little assistance and formulate a plan of action for non-routine accounting issues.The Sr.Analyst will be assigned more challenging portfolios and projects.The position requires solid knowledge and experience in accounting, effective communication skills and strong organizational and multitasking skills.Furthermore, the analyst must be proficient in Microsoft Office products. Essential Duties and Responsibilities : - Assist in implementing new program requirements and collaborate with the Director on upcoming initiatives.Identify control gaps, evaluate underlying business processes by collaborating with other business areas and coordinate resolution.Initiative and time management are essential to the success of this position. - Determine the source of the issue and the resulting appropriate action to resolve variances so reconciling items are thoroughly documented.Work closely with IT and Servicing to build effective relationships and achieve common goals.Strong analytical skills are critical for this position. - Assist with review and preparation of monthly and quarterly servicing reports.Oversee the Loan Consolidation process and its impact to Loan Accounting. - Elevate issues to the appropriate business areas;collaborating on issues until resolution. - Represent Loan Accounting on internal and external FSA / TIVAS touchpoint calls.• Ensure timely follow up and resolution to reconciliation variances. - Coordinate the final DMSC reconciliations; analyze results and work with business partners on variance resolution.• Summarize and document existing accounting issues for management; formulate and execute plan of action - Provide support for multiple internal and external audits throughout the year - Monitor variances;working with the business areas and IT to coordinate their efforts in resolution - Review mapping and procedure documentation to ensure they are current and to eliminate risk - Assist in the implementation of new program requirements and change requests - Prepare the monthly Loan Consolidation Dashboard Report.Minimum Requirements - Bachelor's Degree - 5 years experience in a fast-paced accounting department - Complex general ledger accounting - Excellent communication skills - Expertise in Microsoft Office products, especially Excel - Excellent analytical skills - Must qualify for a Level 6C (High Risk) security clearance - Extensive knowledge and experience in the financial services industry, strong organizational and effective communication skills required.• Superior knowledge in Microsoft Office Excel required.• Will consider extensive experience in lieu of degree.• CORRECTION TO SECURITY CLEARANCE REQUIREMENT : Must qualify and maintain a 5C clearance. Additional Requirements as per contract / client :• FSA, Department of Education experience preferred• High School Diploma or GED required• Must reside in the U.S.• Must be a U.S.citizen.• Must be able to pass a criminal background check.• Must not be delinquent or in default on any federal student loans.• Employment and continued employment are contingent upon obtaining and maintaining a favorable clearance.Final suitability determination is the sole discretion of the Department of Education.Obtaining and Maintaining a PIV-I card is a requirement of this position.PIV-I cards must be picked up in person.New and existing employees may need to travel via car, train, or plane to a designated location to pick up their new or replacement PIV-I card.Any travel expenses will be paid for by Maximus. Home Office Requirements :• Hardwired internet (ethernet) connection• Internet download speed of 25mbps or higher required (you can test this by going to www.speedtest.net)• Private work area and adequate power source EEO Statement Active military service members, their spouses, and veteran candidates often embody the core competencies Maximus deems essential, and bring a resiliency and dependability that greatly enhances our workforce.We recognize your unique skills and experiences, and want to provide you with a career path that allows you to continue making a difference for our country.We're proud of our connections to organizations dedicated to serving veterans and their families.If you are transitioning from military to civilian life, have prior service, are a retired veteran or a member of the National Guard or Reserves, or a spouse of an active military service member, we have challenging and rewarding career opportunities available for you.A committed and diverse workforce is our most important resource.Maximus is an Affirmative Action / Equal Opportunity Employer.Maximus provides equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status or disabled status.Pay Transparency Maximus compensation is based on various factors including but not limited to job location, a candidate's education, training, experience, expected quality and quantity of work, required travel (if any), external market and internal value analysis including seniority and merit systems, as well as internal pay alignment.Annual salary is just one component of Maximus's total compensation package.Other rewards may include short- and long-term incentives as well as program-specific awards.Additionally, Maximus provides a variety of benefits to employees, including health insurance coverage, life and disability insurance, a retirement savings plan, paid holidays and paid time off.An applicant's salary history will not be used in determining compensation.Maximus will comply with regulatory minimum wage rates and exempt salary thresholds in all instances. Annual Base Pay Minimum for this Position $ 72,000.00 Annual Base Pay Maximum for this Position $ 79,000.00 *Last updated : 2024-09-07