STAFF ACCOUNTANT

NEXCOM•Virginia Beach, VA

11d

About The Position

Serves as a technical advisor to the Supervisor of an Accounting section and in this capacity coordinates the accounting functions for the Navy Exchange Program Military Sealift Command and Navy Lodging and NGIS Programs.

Requirements

A total of 5 years of experience is required.
3 years of responsible experience in bookkeeping, accounting, or auditing, or successful experience in positions with a variety of responsible accounting functions, supplemented with 12 post-secondary semester hours of accounting or auditing courses of appropriate type and quality.
OR
A four year bachelors degree with an accounting major or bachelors degree supplemented with at least 24 hours in accounting or auditing.
AND
2 years of progressively substantive experience which provided a broad knowledge of one or more functional areas of financial management, such as: budgeting, accounting, auditing, management analysis, financial or statistical reporting or similar work which demonstrated the knowledge and abilities of accounting management.

Responsibilities

Works under the general supervision of a supervisor in the Accounting section who outlines objectives and policies and provides regulatory material for use as operation guides. Incumbent operates independently within the framework of established procedures and regulatory guides. Review of work is made in terms of overall efficiency of operations determined by means of reports, discussions, general observations and pre-defined expectations.
Responsible for the maintenance and analysis of General and Subsidiary Ledgers, setting up books of accounts and control of depreciation of equipment, buildings and building improvements for Navy Exchanges, Navy Lodging and/or NGIS locations.
Controls the process of year end retail inventories and recording physical inventory adjustments, overages and shortages, recording interest earned on investment portfolio and assists in the coordination with the Certified Public Accountants in the interim and year end audits.
Participates in the preparation of the monthly consolidated Financial Statements of NEXCOM business lines.
Maintains control for all year end schedule work covered under the mid-year and year end Accounting Instructions 7330. Also assists in the development and monitoring of accounting systems in keeping NEXCOM up to date with accounting practices currently utilized in the retail and hospitality accounting fields.
Controls General and Subsidiary Ledgers, involving issuance and/or review of monthly central office accrual journal vouchers, analysis and reconciliation of semi-annual detailed accounting reports and documents for propriety and fixed asset accounting.
Records financial transactions concerning investments, prepares reports pertaining to reserves for retirement, severance pay and bonuses for local nationals in foreign currency/U.S. dollars based on data received from overseas operations.
Assists in the preparation of schedules and analyses of accounts for NEXCOM programs as required by Certified Public Accountants for their annual audit which include reviewing for accounting accuracy, adherence to established guidelines, year-end reports submitted by field locations and preparation of annual sales group classifications for NEX, etc.
Initiates appropriate adjustments and correspondence to effect corrective action where necessary. Assists in providing instructions and procedures for the accomplishment of section activities.
Reviews accounting procedures and policies with a view towards recommending updating in accordance with current commercial accounting practices as well as with the opinions of the Accounting Principles Board (APB) and the Financial Accounting Standards Board (FASB) concerning the financial reporting function. Also, reviews operational procedures with a view towards recommending procedural changes in the interest of greater productivity and efficiency.
Maintains contact with NEXCOM division personnel and program management accounting personnel for the purpose of issuing or obtaining clarifying data and information, resolving problem areas, etc.
Makes advisory field activity visits as required.
Performs other related duties as assigned.