Assistant Manager, Financial Reporting

MSIG USA•Warren Township, NJ

1d•$170,000 - $195,000

About The Position

MSIG USA is seeking an Assistant Manager – Financial Reporting to support accounting, insurance operations, and financial reporting within its Finance organization. The role calls for five to seven years of property and casualty insurance accounting experience, working knowledge of U.S. NAIC statutory accounting principles and U.S. GAAP, and strong analytical and communication skills. The position collaborates with Finance, Investments, Actuarial, Operations, FP&A, and other business functions to support accurate and timely reporting.

Requirements

Bachelor’s degree in Accounting, Finance, or a related field.
Five to seven years of accounting experience within the insurance industry, preferably in property and casualty.
Experience applying U.S. NAIC statutory accounting principles (yellow books) and U.S. GAAP.
Insurance accounting experience, including reconciliations, close activities, and financial or regulatory reporting.
Understanding of insurance operations and the flow of transactions from source systems to the general ledger and financial statements for direct, assumed, and ceded business.
Strong analytical, organizational, and problem-solving skills, with careful attention to detail.
Ability to manage multiple priorities, meet deadlines, and communicate effectively with colleagues at different levels of the organization.
Proficiency in Microsoft Excel and experience working with general ledger or financial reporting systems.

Nice To Haves

Experience with IFRS reporting or reconciliation between IFRS, U.S. GAAP, and statutory bases of accounting.
Experience with accounting platforms, data tools, financial reporting applications, and Microsoft Copilot.
Knowledge of internal control frameworks and experience supporting audits or regulatory examinations.
Experience with managing general agent (MGA) accounting.
Experience in a multi-entity or international insurance organization, including foreign exchange.
Experience working with offshore staff.
CPA designation or progress toward CPA certification.

Responsibilities

Perform monthly, quarterly, and annual accounting activities, including journal entries, reconciliations, roll-forwards, and financial statement support.
Prepare and review quarterly consolidation-related journal entries, including goodwill and intangible asset amortization, deferred salary allocations, and other corporate accounting adjustments.
Partner with Finance, Premium Accounting, Reinsurance, Actuarial, and external stakeholders to ensure accurate and timely financial reporting.
Monitor intercompany balances and eliminations across the insurance group and resolve out-of-balance conditions before close and consolidation.
Calculate and record noncontrolling interest activity.
Prepare and review equity method accounting and equity pickup entries for parent and affiliated entities.
Prepare standalone financial statements for holding companies, including Balance Sheet, Income Statement, Cash Flow Statement, and Statement of Shareholders’ Equity.
Prepare and record manual journal entries as needed for premiums, commissions, losses, IBNR, and reinsurance transactions within the general ledger.
Support operational accounting processes involving premiums, claims, reserves, commissions, receivables, payables, and intercompany transactions, as assigned.
Assist with statutory financial statements, regulatory schedules, management reporting, and supporting documentation.
Analyze general ledger balances and resolve differences among the general ledger, accounting records, custodial statements, and other source systems.
Partner with Investment, Treasury, Actuarial, Tax, Reinsurance, and insurance operations teams to ensure complete and accurate accounting for business activity.
Assist with internal and external audits, regulatory examinations, and requests for supporting documentation.
Maintain effective internal controls and contribute to process improvements, automation, documentation, and data-quality initiatives.
Research accounting issues and help assess the impact of new statutory, U.S. GAAP, and, where applicable, IFRS guidance.
For newly acquired or incorporated entities, work with the Controller to build subsidiary reporting processes and incorporate new companies into the group consolidation process.
Perform ad hoc analyses and participate in Finance projects and system implementations.