Job Information
Navy Federal Credit Union Intern - Year Round (Investor Reporting Analyst) in Vienna, Virginia
Overview
Investor reporting services the mortgage loans sold portfolio to investors through the performance of three critical functions: (1) remittance, (2) reporting and (3) reconciliation as mandated by Government Sponsored Entities (GSE), Ginnie Mae (GNMA), Freddie Mac (FHLMC) and Fannie Mae (FNMA)) and Private Investors’ guidelines.
The Year Round Intern will perform daily/monthly tasks related to the three critical functions while developing data analysis and critical-thinking skills and learn/assist with basic functions of investor reporting such as preparing daily/monthly reporting, remittance, and reconciliations, performing discrepancy analysis, processing transactions in Mortgage Servicing Platform (MSP) director 7 applications, working with our vendor, Black Knight and various GSE representatives, and participating process improvement/automation projects in the pipeline.
*A requirement of this position is you must be currently enrolled in college level courses or a degree-seeking program throughout the duration of the internship. Please upload your transcripts by adding them to the “Intern Proof of Enrollment” section of the application.
Responsibilities
Provide comprehensive day-to-day operational support
Perform monthly custodial bank accounts, general ledger and principal and interest (P&I) reconciliations and identify and resolve discrepancies
Prepare analysis and adjustment to investor cash balances
Set up headers for investor sales and perform investor sales related functions and reconciliations
Perform various monthly reporting and remittance tasks related to loan and pool adjustments
Perform research and analysis including quantitative and/or qualitative analysis
Participate in Black Knight’s enhancements for MSP or investors’ initiatives
Assist with internal or external audit requests
Assist with procedure revamp and update initiatives
Qualifications
• Must be pursuing a degree from an accredited college/university
• Effective interpersonal, verbal, and written communication skills
• Effective research, analytical, and problem solving skills
• Effective skill maintaining accuracy with attention to detail and meeting deadlines
• Ability to exercise initiative and good judgment to make sound decisions
• Effective word processing and spreadsheet software skills
• Effective organizational, planning and time management skills
About Us
Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks.
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• Forbes® 2024 America's Best Large Employers
• Forbes® 2023 The Best Employers for New Grads
• Fortune Best Workplaces for Millennials™ 2023
• Fortune Best Workplaces for Women ™ 2023
• Fortune 100 Best Companies to Work For® 2024
• Military Times 2023 Best for Vets Employers
• Newsweek Most Loved Workplaces
• Ripplematch Campus Forward Award - Excellence in Early Career Hiring
• Yello and WayUp Top 100 Internship Programs
From Fortune. ©2024 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse products or services of, Navy Federal Credit Union.
Equal Employment Opportunity: Navy Federal values, celebrates, and enacts diversity in the workplace. Navy Federal takes affirmative action to employ and advance in employment qualified individuals with disabilities, disabled veterans, Armed Forces service medal veterans, recently separated veterans, and other protected veterans. EOE/AA/M/F/Veteran/Disability EOE/AA/M/F/Veteran/Disability
Hybrid Workplace: Navy Federal Credit Union is a hybrid workplace, and details will be discussed during your interview process.
Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team’s discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position
Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act.
REQNUMBER: 20535
