Lead- Accounting & Reporting, Reinsurance (Possible Remote)

Company: Equitable Advisors
Location: Charlotte
Posted on: November 17, 2023

Job Description:

Primary Location Other Locations : UNITED STATES-NC-Charlotte, UNITED STATES-NY-SYRACUSE Organization : Equitable Schedule : Full-time Description At Equitable, our power is in our people.

We're individuals from different cultures and backgrounds. Those differences make us stronger as a team and a force for good in our communities. Here, you'll work with dynamic individuals, build your skills, and unleash new ways of working and thinking. Are you ready to join an organization that will help unlock your potential? The Senior -Manager - Accounting & Reporting, Reinsurance role is a vital part of the Finance Organization at Equitable. The primary focus of this position is to oversee accounting and financial reporting of Equitable's internal reinsurance portfolio, including life and annuity policies issued between Equitable's insurance subsidiaries. This position offers unique opportunities to utilize your project management, product implementation, and accounting system & design expertise, through management of various key accounting and reporting initiatives. The ideal candidate will work closely with our team to deliver on the monthly and annual reporting process, and the many accounting/reporting requests received from various internal and external stakeholders, including various exposure opportunities with our Chief Accounting office, external auditor, IT -and SOX.Come join a best-in-class operation, within a leading financial leader! - Key Job Responsibilities -

• Prepare and oversee all internal reinsurance entries required for the accurate closing of the monthly, quarterly, and annual financial results.
• Compile and review reinsurance related footnote disclosures and reinsurance related annual statements schedules
• Develop and maintain deep understanding of reinsurance treaty provisions and serve as a subject matter expert for various inquiries of accounting impact
• Prepare and/or review and analyze monthly and quarterly treaty settlement statements and manage reinsurance receivables and payables with counterparties
• Analyze and monitor actual treaty experience in accordance with corporate risk sharing and retention limits
• Prepare and analyze reinsurance treaty financial results and analyze trends relative to prior periods, annual budget and strategic plans
• Design efficient, effective and scalable processes and controls with focus on continuous improvement
• Coordinate required communication and documentation gathering to support internal and external audits
• Ensures effective controls over SOX compliance, and efficient & timely closeout of external -audit requests
• Leads projects and financial analysis for various accounting, product and reinsurance initiatives
• Work with management and team members to evaluate and implement process improvement initiatives The base salary range for this position is $67,000 - $100,000. Actual base salaries vary based on skills, experience, and geographical location. In addition to base pay, Equitable provides compensation to reward performance with base salary increases, spot bonuses, and short-term incentive compensation opportunities. Eligibility for these programs depends on level and functional area of responsibility. For eligible employees, Equitable provides a full range of benefits. This includes medical, dental, vision, a 401(k) plan, and paid time off. For detailed descriptions of these benefits, please reference the link below.
  • Bachelor's degree in accounting or finance
  • 5+ years of financial accounting and reporting experience
  • Able to develop business insights from data analysis and communicate clearly to stakeholders
  • Intermediate to Advanced use of data gathering, query and analysis tools (i.e. Excel, MS Access)
  • Continuous improvement mindset with experience in designing new ways of working and leading teams through change Preferred Qualifications
    • Business knowledge in areas of insurance/reinsurance
    • Effective oral and written communication skills with staff, peers, superiors and internal/external stakeholders
    • Experience in US Stat, GAAP accounting and reporting preferred
    • Demonstrated problem solver and leadership qualities in a collaborative business domain
    • Additional technical expertise using query tools and advanced functions a plus
    • Ideal candidate will be proactive, adaptive and solution driven Skills Accounting: Knowledge of accounting methods, processes, and tools; ability to maintain and prepare financial statements and reports using accounting methods and processes. Accuracy and Attention to Detail: Understanding the necessity and value of accuracy; ability to complete tasks with high levels of precision. Data Gathering and Reporting: Knowledge of tools, techniques and processes for gathering and reporting data; ability to practice them in a particular department or division of a company. Financial and Accounting Systems: Knowledge of functions, features and capabilities of financial and accounting systems; ability to use financial and accounting applications specific to the organization. Generally Accepted Accounting Principles (GAAP): Knowledge of the generally accepted accounting principles (GAAP); ability to apply GAAP appropriately within the organization. Problem Solving: Knowledge of approaches, tools, techniques for recognizing, anticipating, and resolving organizational, operational or process problems; ability to apply knowledge of problem solving appropriately to diverse situations. Diversity, Equity and Inclusion: Demonstrates a commitment to Diversity, Equity and Inclusion by treating everyone with respect and dignity, ensuring all voices are heard and advocating for change. ABOUT EQUITABLE
      At Equitable, we're a team of over ten thousand strong; committed to helping our clients secure their financial well-being so that they can pursue long and fulfilling lives.
      
      We turn challenges into opportunities by thinking, working, and leading differently - where everyone is a leader. We encourage every employee to leverage their unique talents to become a force for good at Equitable and in their local communities.
      
      We are continuously investing in our people by offering growth, internal mobility, comprehensive compensation and benefits to support overall well-being, flexibility, and a culture of collaboration and teamwork.
      
      We are looking for talented, dedicated, purposeful people who want to make an impact. Join Equitable and pursue a career with purpose.
      
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      Equitable is committed to providing equal employment opportunities to our employees, applicants and candidates based on individual qualifications, without regard to race, color, religion, gender, gender identity and expression, age, national origin, mental or physical disabilities, sexual orientation, veteran status, genetic information or any other class protected by federal, state and local laws.
      
      NOTE: Equitable participates in the E-Verify program.
      
      If reasonable accommodation is needed to participate in the job application or interview process or to perform the essential job functions of this position, please contact Human Resources at (212) 314-2211 or email us at - TalentAcquisition@equitable.com .
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Keywords: Equitable Advisors, Charlotte , Lead- Accounting & Reporting, Reinsurance (Possible Remote), Advertising , Charlotte, North Carolina