Senior Manager - Accounting and Financial Reporting

TIAA•Charlotte, NC

3d•$119,000 - $150,000•Onsite

About The Position

TIAA’s Corporate Controller group is looking for an experienced Senior Manager to lead statutory accounting and financial reporting activities across our insurance and reinsurance operations. This role is responsible for ensuring the accuracy of the statutory accounting and reporting for insurance and reinsurance activities, overseeing the general ledger close process for related activities, and ensuring compliance with statutory accounting requirements. The Senior Manager will oversee a small US-based team of associates and leverage our India-based resources, and will serve as a key partner to senior leadership on technical accounting and reporting matters.

Requirements

5 + years of experience with life and annuity insurance companies, including related Statutory Accounting Principles (SAP) and Annual Statements (Blue Book and Green Book).
Understanding of and ability to manage parts of the monthly general ledger close process regarding journal entries and reconciliations.
Ability to maintain and strengthen the internal control environment, including managing the preparation of audit work papers and supporting schedules
Experience working with both internal and external auditors.
Ability to analyze financial statements, general ledger detail, and supporting schedules to identify discrepancies, unusual trends, or potential misstatements, and investigate root causes rather than accepting surface-level explanations.
Ability to research and apply accounting guidance for reporting and accounting requirements.
Strong knowledge of reinsurance accounting and its statutory reporting implications.
Knowledge of GAAP and Bermuda Statutory & Economic Balance Sheet accounting and reporting.

Nice To Haves

University (Degree) Preferred
7 + years of experience with life and annuity insurance companies, including related Statutory Accounting Principles (SAP) and Annual Statements (Blue Book and Green Book).
Certified Public Accountant
Experience in the financial services industry
Leadership and team management experience, including the ability to develop talent, manage workloads across multiple filing deadlines, and foster a culture of accuracy and accountability.
Strong written and verbal communication skills are necessary for presenting financial results to senior leadership and external stakeholders including auditors.
A background in driving process improvements, including leveraging automation and data analytics to reduce manual effort and improve reporting accuracy.
Strong project management capabilities, including experience managing cross-functional teams through complex regulatory filings and system implementations.
Experience working with Actuarial, Finance, Tax, Treasury and Accounting Policy teams.

Responsibilities

Manage the close process related to insurance and reinsurance activities, ensuring timely and accurate reporting
Review and approve journal entries prepared by team members within the general ledger
Ensure journal entries are properly supported, accurately classified, and compliant with accounting policy
Maintain strong controls over journal entry preparation, review, and approval workflows
Oversee balance sheet and other reconciliation processes across insurance and reinsurance balances
Ensure reconciliations are performed timely, accurately, and with appropriate supporting documentation
Review and resolve reconciling items, escalating significant issues as needed
Serve as the Financial Reporting Owner for various operating subsidiaries ensuring they are properly accounted for on TIAA’s financial statements and to ensure associated capital needs are met
Drive efficiency improvements in close, reconciliation, and reporting workflows, including identifying opportunities for automation and standardization across US and India teams
Coordinate with external auditors and manage audit requests for insurance and reinsurance activities
Oversee certain disclosures and schedules within TIAA’s annual statement for the general account (Blue Book) and separate accounts (Green Books), as well as the audited financial statements
Responsible for the US statutory accounting for certain Bermuda based insurance subsidiaries, which requires working with Bermuda service providers, auditors and regulators as needed
Research, interpret and document technical accounting positions on complex insurance and reinsurance transactions, applying relevant accounting guidance and coordinating with the Accounting Policy team to ensure appropriate application of accounting principles.
Prepare and review technical accounting analysis specific to insurance/reinsurance transactions (e.g., premium accounting, reserves, ceded/assumed reinsurance treaties)
Help to manage, mentor, and develop a US-based team and leverage our India-based resources
Participate in setting performance goals, conducting regular performance reviews, and supporting professional development of related team
Maintain and strengthen internal controls over accounting and financial reporting for insurance and reinsurance activities
Partner cross-functionally with Actuarial, FP&A, Tax, Treasury and Legal teams