Regulatory Financial Accountant

2 weeks ago


Dallas, Texas, United States Frontline Source Group Full time
Job Overview: Regulatory Financial Accountant
Our client, a prominent organization in the insurance sector, is seeking a Regulatory Financial Accountant. This position is a direct hire opportunity.

Company Overview:

We provide a range of insurance products, including life, annuity, and health insurance, across nearly all states. Our mission is to assist individuals and businesses in achieving and safeguarding their financial objectives. We have recently been recognized as a "Best Company" by a leading industry rating agency.


Role Responsibilities:
The Regulatory Financial Accountant will manage the Accounts Payable process, which includes receiving invoices, obtaining approvals, and entering data into the AP system.

Responsibilities include conducting payment runs for checks and electronic funds transfers, distributing and mailing checks, and reporting issued and voided items to the bank for positive pay validation.

Additionally, the role involves handling 1099-MISC, 1099-R, and 1099-NEC reporting and submissions to the IRS, payees, and state entities.
The accountant will prepare and review state premium tax returns, quarterly estimated payments, and other regulatory filings.
Management of Federal and State Income Tax Withholding payments and returns is also required.
Supervision of Unclaimed Property Inventory, performing necessary due diligence, and completing annual filings with states is essential.
The Regulatory Financial Accountant will record statutory entries and accruals for quarterly and annual closing processes as needed.
Preparation and review of monthly general ledger account reconciliations and variance analysis for resolution will be part of the role.
Addressing inquiries from both internal and external auditors is expected.
Assistance in the preparation of GAAP and statutory audits will be required.
Contributing to the creation of State Pages and Schedule Ts is also part of the job.

The accountant will play a key role in preparing quarterly and annual statutory statements (Blue Books), including schedules and exhibits in accordance with statutory accounting principles (SAP).

Proposing enhancements to internal procedures and efficiencies is encouraged.
Additional departmental and company-related tasks may be assigned as necessary.

Candidate Profile:
A Bachelor’s degree in accounting or equivalent experience is required.
A minimum of seven years of experience in accounting or a related field is necessary.
Prior experience in life insurance companies is mandatory.
Strong organizational skills and attention to detail regarding workpapers, financial statements, and schedules are essential.
The ability to multitask and manage competing deadlines is crucial.
Excellent analytical and critical thinking skills are required.
Advanced proficiency in Microsoft Office Suite (Excel, Outlook, etc.) is necessary.

Benefits:
Medical Insurance
Dental Insurance
Vision Insurance
Basic Life and AD&D Insurance
Voluntary Life and AD&D Insurance
Long-Term Disability Insurance
Discount Card Benefits Program
Flexible Spending Accounts – Medical & Dependent Care
401(k) Plan

Frontline Source Group is an Equal Opportunity Employer. Candidates must be authorized to work in the United States without sponsorship. The client cannot sponsor any visas.

Disclaimer:

Frontline Source Group or its affiliates will not request sensitive and personal data until a job offer is made and accepted.

If you have any doubts regarding the validity of our job postings, we encourage you to contact one of our branch locations to verify the status of any job.



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