Financial Reporting Manager

General Summary : The Financial Reporting Manager will report to the Senior Vice President and Chief Financial Officer and collaborate with the Assistant Vice President of Reinsurance & Internal Controls on financial reporting and statutory accounting.

The ideal candidate must have experience with the Statutory Finacial Statements Yellow Books and a background in the insurance industry.

If you think you are the right match for the following opportunity, apply after reading the complete description.

100% in the office.

Essential Duties & Responsibilities :

• Facilitate the preparation, validation, review, and timely submission of all statutory financial requirements including NAIC Quarterly and Annual Statement ( Yellow Book ) and state regulatory reporting requirements.
• Evaluate and perform balance sheet and income statement reconciliations that are complete, accurate and fully supported by appropriate evidence in compliance with statutory accounting regulations.
• Analyze and review month-end close activities for discrepancies, coding errors and other issues that should be researched and resolved or brought to management’s attention, including preparation, review, upload, and posting of journal entries.
• Participate in annual financial audits and engage with external audit partners.
• Partner with relevant departments in preparation and filing of quarterly and annual statutory statements, supporting schedules (such as Schedule P, F, financial notes, general interrogatories, risk-based capital reports, management discussion and analysis, and insurance expense exhibit).
• Maintain accounting principles, practices and procedures that are supported by the accounting standard that is relevant to that financial transaction including Statements of Standard Accounting Practices ( SSAPs ) and Generally Accepted Accounting Principles ( GAAP ) standards.
• Perform internal roll-forward analysis and review of the finance department’s reporting workpapers that are used to source the quarterly and annual financial statements.
• Provide support in applying the appropriate accounting treatment on operational transactions associated with accounts payable and accounts receivable work efforts.
• Ensure compliance with all relevant insurance industry regulations and standards.
• Assist in enhancement of internal control systems to ensure the accuracy of financial data and protection of the company’s assets.
• Review and manage significant insurance accounts including direct premiums written, operating expenses, incurred losses and outstanding reserves.
• Oversee the preparation of regulatory filings and ensure all deadlines are met.
• Assist in training and development of finance team in core accounting functions and procedures such as workpaper design, balance sheet & income statement review, reconciliation of accounts, and other areas as needed.
• Provide technical financial advice and knowledge to finance organization
• Foster a collaborative and high-performance team environment.
• Coordinate cross-departmental collaboration to support organizational goals.

Education & Qualifications :

• Bachelor’s degree from an accredited university with a degree in finance or accounting.
• A CPA / Master’s degree or MBA preferred.
• Minimum of two years knowledge of statutory accounting principles; statutory accounting experience is required.
• Proven experience in managing and facilitating annual statement preparations for an insurance / reinsurance company.
• Knowledge of Clearwater, Sage Intacct, or other related accounting software a plus.
• Proficiency in Microsoft Suite including Excel, Word, PowerPoint, OneNote, with particular emphasis on data management (pivot tables, SQL, etc.).
• Significant experience with general ledger, journal entry preparation, monthly & annual close processes.
• Excellent oral, communication, and time management skills.
• Excellent analytical, problem solving, and critical thinking skills.
• Ability to work independently & multitask with strong organizational skills.

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