Insurance Accountant – Mastery

  • Location
    Boston, Massachusetts
  • Posted
  • Start Date
    ASAP
  • Expiry Date
    2022-08-28

As the Insurance Accountant, you will have impact through your contribution to oversight of the insurance accounting execution and controls for monthly and quarter-end closes. You will also have the ability to lead various initiative work focusing on increasing efficiency and adding value, while continuing to develop your project management skills, hone your skills in insurance product accounting and related financial impacts. Your daily/monthly responsibilities will include, but are not limited to the following:

  • Ensures the accurate, timely completion of monthly, quarterly and annual accounting close cycles for complex insurance accounting by effectively planning, monitoring, and problem solving
  • Designs and improves the analysis on trends and results, use strong business acumen and communication skills collaborating with peers and other departments to draft commentary which enables readers to quickly understand the financial results and drivers
  • Effectively collaborates with Treasury, Investment Accounting, Reinsurance Accounting, Strategic Business Partner, Reporting and Corporate Actuarial teams and builds key relationships to maintain expertise in insurance product accounting and related financial impacts
  • Exhibit strong leadership presence and communications skills in presenting results to various levels of management. This will require thought leadership and entail developing sound accounting practices, efficient processes, and robust control documentation to effectively deliver timely and insightful results.
  • Adds value to the enterprise through close collaboration and partnership with other MassMutual business units and corporate functions to ensure the accurate, timely and efficient submission of data and analysis required to meet reporting requirements
  • Develops, documents, and assures adherence to an internal control framework that ensures accurate and timely financial reporting. Makes recommendations to continuously improve the overall control environment. Monitors the control execution of insurance accounting, including accounting performed by vendors. Ensures policies and procedures are adhered to
  • Lead the accounting policy research and implementation for new insurance products or insurance related transactions ensuring accuracy and compliance with accounting regulations. This includes the monitoring and governance, oversight, process change and transaction controls, including those executed by vendors that provide accounting services to the Company
  • Drives accountability by collaborating with accounting policy and other areas within the Controllers Organization on the evaluation of new GAAP and statutory accounting guidance impacts to the company
  • Provides sound financial advice to business units or other departments, anticipating the financial statement impact of changes in the business environment and making recommendations to ensure appropriate processes are implemented and maintained
  • Understands how data flows through the financial systems to the accounting function, planning appropriately for changes and prioritizing and implementing enhancements
  • Plays a key role in creating a collaborative and inclusive culture by working closely with outsourced vendors and other areas within the Controllers Organization to build trust through increasing understanding of and respecting differences
  • Uses professional insight to identify, initiate and/or lead initiatives and continuous improvement activities that increase efficiency and add value. Leads problem solving to improve quality, reduce close cycle times, improve team collaboration, including collaboration with vendors, and improve customer satisfaction
  • Effectively collaborates with internal and external auditors and provide complete and accurate source document information, including control execution documentation and support
  • Demonstrates the technical and leadership competencies and passion for continuous improvement

The Minimum Qualifications

  • Bachelor’s degree or equivalent experience
  • Minimum of 8 years of relevant experience in public accounting or large sophisticated corporate environment
  • Insurance accounting, general ledger processing and month end close related matters
  • In-depth knowledge and experience of US GAAP Accounting
  • Experience in best-in-class control execution/documentation
  • Experience in using accounting data and information to analyze and articulate financial results
  • Ability to perform independent research and serve as a key resource for resolution of unique or complex business problems
  • Experience in effectively coach and develop core level accountants and external consultants

The SR Group (UK) Limited is acting as an Employment Agency in relation to this vacancy.

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