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Accountant - Financial Operations Specialist

2 months ago

Frederick, Maryland, United States Legal & General America Full time
About the Role

We are seeking a highly skilled Accountant to join our team at Legal & General America. As a key member of our Accounting Operations team, you will play a critical role in supporting the operational accounting needs of our company.

Responsibilities
  • Financial Reporting and Analysis: Calculate and prepare daily retirement funding necessary from each investment account based on contract details and reinsurance/administrative counterparts for each retirement deal.
  • Database Management: Maintain a database of all retirement deals, including all nuances that affect accounting.
  • Reconciliation and Verification: Review and/or prepare daily reconciliation between bank and general ledger, including stops, reclamations, returned checks/EFTs, and communicate open items that need retirement team processing attention.
  • Complex Reconciliations: Prepare complex reconciliations for banking and all retirement suspense accounts.
  • Check and EFT File Processing: Oversee and act as the point person for any issues related to check and EFT file processing and reconciliation to source systems for retirement.
  • Collaboration and Verification: Collaborate with retirement team on complex reconciliation issues and verify accounting as possible solutions are tested/validated in productions.
  • Intercompany Reimbursement: Prepare the quarterly intercompany detailed work papers for LGRA required for reimbursement authorization.
  • Tax Withholdings and Payments: Review and/or prepare the daily transmission of retirement tax withholdings to Sovos for federal and all states, the daily authorization of payments to the various reporting entities when due, and the subsequent validation of payment and associated journal entries.
  • Process Improvement: Work with retirement team and associated programmers as new deal functionality and changes to the PRT policy administration platform are discussed and facilitate the process of addressing accounting operations changes required and associated testing.
  • Escheat Process Management: Manage the retirement escheat process, ensuring that all escheatable items are included in the state escheat filings and remittance reports based on state regulatory requirements.
  • Audit Support: Prepare audit requests as assigned.
Requirements
  • Education: Bachelor's degree required. In lieu of a degree, 10 or more years of relevant accounting general ledger experience may suffice.
  • Experience/Knowledge: 5+ years accounting experience in general accounting; financial reporting exposure preferred.
  • Skills: Solid understanding of general accounting principles, self-initiative and problem-solving skills, ability to handle confidential information, ability to manage multiple priorities, ability to work under pressure, proficient user of Excel, excellent communication skills (oral and written), highly organized and detailed.
What We Offer

We offer a competitive compensation package, including a salary range of $67,000 - $92,050 annually, a hybrid work arrangement with 3 days per week in office, and a comprehensive benefits package, including health, life, and dental insurance, 401K with company match up to 6%, pension package, generous time off, and wellbeing initiatives throughout the year.