Director, Accounting Standards

Travelers • Hartford, CT

12d

About The Position

As a Director, Accounting Standards, you will have the opportunity each day to contribute to Travelers success while using your technical accounting and business knowledge. This role, under broad oversight, performs professional accounting work to ensure current, accurate and complete financial information. Assists in the development of accounting policies and controls consistent with regulatory/legal requirements and insurance industry standards.

Requirements

• CPA (Certified Public Accountant) designation required.
• Minimum 5 years of related work experience.

Nice To Haves

• Bachelor's degree in accounting, finance preferred.
• Typically 8+ years of related work experience.
• Intermediate knowledge of accounting theory and practice.
• Demonstrates accounting/finance knowledge and ability; can apply the competency in new or complex situations.
• Strong written and oral communication skills.
• Insurance industry knowledge preferred; accounting research a plus.

Responsibilities

• Research accounting guidance related to proposed business transactions and issues raised by business areas of the Company to ensure compliance with US STAT, GAAP, SEC and IFRS accounting standards.
• Partner with Accounting Policy to review draft conclusions and communicate the accounting guidance to the impacted business area(s).
• Assists in the reviews of quarterly and annual external financial statements for compliance with applicable accounting standards, specifically focused on accounting standards for which individual is responsible.
• Develops and propose accounting policies for newly issued accounting standards and coordinates the implementation with appropriate areas of the company.
• Monitors developing and emerging current accounting topics/projects of the state insurance departments, NAIC, FASB, SEC, and IASB
• Prepares financial information for inclusion in certain footnotes in the financial statements.
• Calculates or reviews appropriateness of certain financial information for inclusion in the financial statements or footnotes.
• Evaluate the applicability to and impact on the Company’s businesses of new accounting and reporting standards to understand potential changes in the Company’s processes and/or financial statements.
• Provides support for certain financial information for inclusion in the financial statements or footnotes.
• Provides ad hoc reports and/or analysis for various proposed transactions or proposed new accounting standards.
• 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