Manager of Financial Reporting

2 weeks ago


Roslyn, New York, United States Primma, LLC Full time
Job Overview

Position Summary: The Manager of Financial Reporting will be responsible for overseeing financial documentation and statutory accounting practices. This role will report directly to the Senior Vice President and Chief Financial Officer and will work closely with the Assistant Vice President of Reinsurance & Internal Controls. The ideal candidate should possess a solid understanding of Statutory Financial Statements and have relevant experience in the insurance sector.

Key Responsibilities:

  • Lead the preparation, validation, and timely submission of all statutory financial obligations, including NAIC Quarterly and Annual Statements.
  • Conduct thorough evaluations and reconciliations of balance sheets and income statements to ensure accuracy and compliance with statutory accounting standards.
  • Analyze month-end closing processes for discrepancies and coding errors, addressing issues as necessary and preparing journal entries.
  • Engage in annual financial audits and collaborate with external auditors.
  • Coordinate with various departments to prepare and file quarterly and annual statutory statements and supporting schedules.
  • Uphold accounting principles and practices in line with relevant standards, including Statements of Standard Accounting Practices and Generally Accepted Accounting Principles.
  • Perform internal analyses and reviews of financial reporting workpapers that contribute to quarterly and annual financial statements.
  • Provide guidance on appropriate accounting treatments for operational transactions related to accounts payable and receivable.
  • Ensure adherence to all pertinent insurance industry regulations and standards.
  • Assist in enhancing internal control systems to safeguard financial data and company assets.
  • Oversee significant insurance accounts, including direct premiums, operating expenses, incurred losses, and reserves.
  • Manage the preparation of regulatory filings and ensure compliance with deadlines.
  • Support the training and development of the finance team in essential accounting functions and procedures.
  • Offer technical financial expertise to the finance organization.
  • Encourage a collaborative and high-performance team culture.
  • Facilitate cross-departmental collaboration to achieve organizational objectives.

Qualifications:

  • Bachelor's degree in finance or accounting from an accredited institution.
  • CPA or Master's degree/MBA is preferred.
  • A minimum of two years of experience with statutory accounting principles is required.
  • Demonstrated experience in managing annual statement preparations for an insurance or reinsurance firm.
  • Familiarity with accounting software such as Clearwater or Sage Intacct is advantageous.
  • Proficient in Microsoft Office Suite, particularly Excel, with an emphasis on data management.
  • Extensive experience with general ledger management and monthly and annual closing processes.
  • Strong communication, analytical, and problem-solving skills.
  • Ability to work independently while managing multiple tasks effectively.

Compensation for this position will be based on experience and other relevant factors.



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