Financial Analyst - Financial Reporting

Reliance Matrix•Philadelphia, PA

1d•Hybrid

About The Position

The Financial Analyst will be responsible for preparing, analyzing, and presenting financial reports that support decision-making and ensure regulatory compliance. Prepare and review monthly, quarterly and annual financial statements in accordance with statutory accounting principles (“SAP”). Ensure compliance with accounting standards, regulatory requirements, and company policies. Manage and support the financial close process, including journal entries, account reconciliations, and variance analyses. Collaborate with external auditors to facilitate the audit process and address any issues. Maintain and reconcile general ledger accounts. Assist with statutory audits and coordinate with external auditors and regulatory examiners. Analyze financial data and provide insights to support business decisions and operational improvements. Review and enhance internal controls, ensuring adherence to company policies and regulatory expectations. Collaborate with actuarial, retirement services, investments and financial planning and analysis departments to ensure accurate financial reporting. Support process improvements and automation initiatives within the accounting function.

Requirements

Bachelor’s degree in Accounting or Finance.
2-3 years of accounting experience, with at least 1-2 years in the insurance industry.
Strong knowledge of SAP; familiarity with Generally Accepted Accounting Principles is a plus.
Experience with insurance specific accounting areas such as loss reserves, reinsurance and premium revenue recognition.
Proficiency in accounting systems and Microsoft Office applications.
Experience with statutory annual statement preparation software is highly desirable.
Strong analytical, problem solving and organizational skills.
Ability to read, analyze and interpret both internal and external documents such as general media/publications, professional journals, technical procedures, governmental regulations, policies, proposals, and standard operating procedures.
Must have strong written and verbal communication skills, including the ability to influence and communicate with senior level management.
Detail-oriented with a high level of accuracy and accountability
Ability to prioritize, multitask, manage ambiguity, and work in fast paced environment.
Proven ability to work independently and as part of a team with all levels of the organization.

Nice To Haves

Experience with statutory annual statement preparation software is highly desirable.

Responsibilities

Prepare and review monthly, quarterly and annual financial statements in accordance with statutory accounting principles (“SAP”).
Ensure compliance with accounting standards, regulatory requirements, and company policies.
Manage and support the financial close process, including journal entries, account reconciliations, and variance analyses.
Collaborate with external auditors to facilitate the audit process and address any issues.
Maintain and reconcile general ledger accounts.
Assist with statutory audits and coordinate with external auditors and regulatory examiners.
Analyze financial data and provide insights to support business decisions and operational improvements.
Review and enhance internal controls, ensuring adherence to company policies and regulatory expectations.
Collaborate with actuarial, retirement services, investments and financial planning and analysis departments to ensure accurate financial reporting.
Support process improvements and automation initiatives within the accounting function.

Benefits

An annual performance bonus for all team members
Generous 401(k) company match that is immediately vested
A choice of three medical plans (that include prescription drug coverage) to suit your unique needs.
For High Deductible Health Plan enrollees, a company contribution to your Health Savings Account
Multiple options for dental and vision coverage
Company provided Life & Disability Insurance to ensure financial protection when you need it most
Family friendly benefits including Paid Parental Leave & Adoption Assistance
Hybrid work arrangements for eligible roles
Tuition Reimbursement and Continuing Professional Education
Paid Time Off – new hires start with at least 20 days of PTO per year in addition to nine company paid holidays.
Volunteer days, community partnerships, and Employee Assistance Program
Ability to connect with colleagues around the country through our Employee Resource Group program