Financial Reporting Manager

The James Allen Companies Inc • Village of Roslyn, NY, United States • $200k - $250k / year • 4w ago

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.

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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