Job Description

During this time of recommended social distancing, Navient will conduct telephone interviews only until it is safe and permissible to invite candidates to our offices for personal interviews. We look forward to receiving your application and appreciate your flexibility and understanding.

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 Specialist 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, and reporting and analyses for senior management.

Essential Job Functions:

1. Budgeting and Forecasting

* Provide guidance and assistance to business units and cost center heads for the preparation of their respective operating expense budget and forecasts.
* Develop and become efficient in the companys budgeting and reporting tool (PBCS & 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 revenue and 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. Maintain Cost Allocation Models

* Identify pertinent changes to cost allocation models and update accordingly.
* Run manual cost allocation models and assist in getting them posted to the Oracle GL.
* Execute monthly Oracle based allocations and assist in resolving any errors.

4. Project Work & Ad Hoc Request

* Participate in modeling and analyzing complex business transactions and provide analysis results to management.
* Work closely with the financial systems team to create, leverage and deploy innovative financial models and analytical tools for own use and those of other finance staff.
* Make recommendations for and implement model enhancements to increase efficiency, automation and streamline reporting and analysis.
* Perform research, ad hoc analyses and special projects for senior management.

MINIMUM REQUIREMENTS:

* Bachelors Degree - Finance or Accounting degree preferred additional equivalent experience may substitute for degree
* Expertise in Microsoft Office products, especially Excel and PowerPoint
* Expertise in financial modeling and standards of practice