Director, Accounting – Claim Finance

Travelers • Hartford, CT

6d

About The Position

Travelers' accounting team serves as the steward of our financial information and controls to ensure compliance with all internal policies and external requirements. Join our dynamic team as a Director of Accounting where you’ll utilize your expertise to support large-scale projects (e.g. digital payments initiative), evaluate accounting treatment for new and evolving workflows (e.g., Quantum Subro), and collaborate with key business partners (e.g. Accounting Policy and Corporate Audit) to resolve financial issues. The team creates transparency about the health of the company by providing timely, accurate, and actionable information to all stakeholders. As a Director, Accounting, you will be responsible for ensuring timely and accurate books and records for reporting to both internal and external parties while maintaining a strong control environment. As a partner to the business, you will interpret, communicate, and apply financial analyses in a way that resonates with the intended audience. You will also prepare, review, and approve complex financial activities including journal entries, payment requests, and reconciliations.

Requirements

• Five years of finance, accounting, financial planning, or related experience.
• Bachelor's degree in finance, accounting, economics, and/or professional designations, such as CPA, CMA or comparable advanced professional education.
• Extensive experience with accounting theory and practice within the insurance and financial services industry.
• Communication/influence: Excellent communication skills with the ability to influence across all levels of management.
• Analytical: Excellent analytical skills with the ability to evaluate and understand current data and systems, find opportunities, recommend changes, and translate into business impacts.
• Leadership: Proven leadership skills with the ability to mentor and develop employees.
• Project Management: Experience leading and managing complex projects.
• Technology: Experience using Microsoft Office (e.g., Excel, Word, Outlook, PowerPoint) and Financial Reporting Software (e.g., TM1, Essbase, Hyperion, etc.).
• Ability to apply the most complex accounting and financial concepts and controls to financial systems and processes.
• Ability to quickly gain an understanding of Travelers' business strategy and plan objectives to align with enterprise goals.

Responsibilities

• Understand workflow and technology changes, and proactively provide recommendations on accounting and control impacts.
• Resolve complex accounting issues with business and finance partners including Accounting Policy and Audit.
• Provide coaching, training, and mentoring on accounting and controls to business partners and Claim Finance.
• Compile, review, and analyze complex financial data for variance analysis, reporting, and accuracy to interpret and present on trends.
• Leverage business perspectives to develop robust financial analyses with a focus on key performance metrics (i.e. production, profitability, expense management, staffing).
• Accountable for the overall development and creation of financial/business plan, budget, and forecasts.
• Engage with business partners and functional partners in order to develop strong analyses and financial plans.
• Conduct an insightful and complete review and approve internal management based financial reporting for complete and consistent results within corporate policies and standards.
• Conduct an insightful and complete review for external financial statements which may include GAAP (Generally Accepted Accounting Principles), SEC and STAT (Statutory Accounting Principles).
• Develop, perform, and certify financial controls in accordance with Sarbanes-Oxley requirements.
• Review complex documentation to support internal and external audits with heavy interaction with internal and external auditors.
• Monitor and maintain compliance with various financial external regulatory requirements and internal accounting policies.
• Lead projects that analyze and implement complex business and financial regulatory changes relating to financial reporting, such as reorganizations, mergers and acquisitions, etc.
• Provide coaching, training, and mentoring.
• If a manager of people, effectively oversee and engage direct reports and perform management activities such as performance management, career development, and talent acquisition.
• Perform other duties as assigned.

Benefits

• Health Insurance : Employees and their eligible family members – including spouses, domestic partners, and children – are eligible for coverage from the first day of employment.
• Retirement: Travelers matches your 401(k) contributions dollar-for-dollar up to your first 5% of eligible pay, subject to an annual maximum. If you have student loan debt, you can enroll in the Paying it Forward Savings Program. When you make a payment toward your student loan, Travelers will make an annual contribution into your 401(k) account. You are also eligible for a Pension Plan that is 100% funded by Travelers.
• Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.
• Wellness Program: The Travelers wellness program is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health program provides access to free professional counseling services, health coaching and other resources to support your daily life needs.
• Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Number of Employees: 5,001-10,000 employees