Senior Accountant for Insurance and Financial Services

7 days ago

Arlington, Virginia, United States National Rural Electric Cooperative Association Full time
Job Summary

National Rural Electric Cooperative Association (NRECA) is seeking a highly skilled Senior Accountant to join our Insurance and Financial Services (I&FS) team. As a key member of our finance team, you will be responsible for ensuring accurate accounting, financial reporting, and compliance with ERISA regulations.

Key Responsibilities
  • Manage daily, monthly, quarterly, and annual planning, forecasting, and reporting for I&FS, maintaining best accounting and financial reporting practices, internal controls, policies, procedures, and performance metrics.
  • Provide financial advice and analysis to key stakeholders in the I&FS department, offering guidance on financial compliance matters for the plans.
  • Lead and support a cross-functional team of accountants and I&FS staff to ensure accurate permissible Plan billing process, monitoring and analyzing expense trends, and ensuring a clear audit trail to ensure compliance with ERISA.
  • Ensure third-party vendor agreements and allocations are properly documented and in compliance with ERISA requirements.
  • Lead cross-functional team to ensure smooth and timely delivery of audited financial statements to the Insurance and Financial Services Committee of the NRECA Board of Directors, ensuring collaboration across departments to achieve audit planning and fieldwork goals.
  • Support preparation of audit schedules, GAAP financial statements, and ad hoc analysis as it pertains to the benefit plans' annual audits.
  • Perform general ledger accounting, including preparing journal entries, uploading of journal entries, and compiling financial statements, ensuring financial statements are GAAP compliant and completed in a timely and efficient manner.
  • Manage and oversee day-to-day activities of the Retirement Security Plan and Group Benefit Program's private market investments from a finance perspective, managing private market investment compliance and reporting in coordination with the Investment Strategy and Performance department.
  • Assist with overall tax compliance strategy, including compliance with all federal and state regulations and filings.
Requirements
  • Bachelor's degree (Master's preferred) in Accounting, Finance, or a related field or an equivalent combination of education, training, and additional experience.
  • 8 or more years of progressive accounting/finance/budgeting experience.
  • 5 or more years of prior experience in Employee Benefit Plan Administration industry (Defined Benefit and Defined Contribution Retirement Plans, and Health and Welfare Plans).
  • In-depth knowledge and understanding of ERISA regulations.
  • CPA license preferred.
What We Offer

NRECA is committed to providing a dynamic and inclusive work environment that fosters collaboration, innovation, and growth. As a member of our team, you will have access to a range of benefits, including competitive compensation, comprehensive health insurance, and opportunities for professional development.

We are an equal opportunity employer and welcome applications from diverse candidates. If you are a motivated and experienced professional looking to join a dynamic team, please submit your application.

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