Statutory Reporting Associate
| Company | Global Atlantic Financial Group |
|---|---|
| Location | Des Moines, IA, USA |
| Salary | $90000 – $120000 |
| Type | Full-Time |
| Degrees | Bachelor’s |
| Experience Level | Mid Level, Senior |
Requirements
- Bachelor’s degree in Accounting
- 5-7 years experience in the insurance industry or public accounting which includes some management experience
- Experience in Statutory, IFRS or US GAAP accounting in a life insurance company preferred
- Demonstrated analytical skills with the ability to draw conclusions from research and report on findings
- Strong communication skills, work ethic and high level of personal integrity and accountability
Responsibilities
- Learn on the job about statutory reporting, reinsurance transactions, accounting for investments, capital requirements, and regulatory filing process
- Review and approve journal entries within the close process cycle and reconcile ledger to source information, research/explain fluctuations in financials and prepare analysis and commentary on key business drivers
- Review and oversee internal reinsurance settlements on a quarterly basis
- Complete monthly assigned balance sheet and/or transaction reconciliations
- Review quarterly and annual schedules included in the filings for a life and health insurance company and contribute to completion of schedules for multiple companies
- Review financial statements and reports for auditors and regulatory agencies
- Provide financial analysis and support for various projects and initiatives
- Assisting with external audits and examinations by preparing work papers, analyzing data, and preparing SSAP basis financial reports
- Research and compile information for ad-hoc requests, including life and annuity business analysis, rating agency data compilation, state insurance department inquiries and other departmental requests
- Identify weaknesses in internal SOX controls and make recommendations for improvements to workflows, procedures, and find reporting efficiencies
Preferred Qualifications
- Experience in Statutory, IFRS or US GAAP accounting in a life insurance company preferred
- Experience with PeopleSoft General Ledger, Business Object Enterprise, Hyperion Financial Management and Essbase preferred