Senior Manager VSA Accounting & Reporting
About The Position
Our vision for the future is based on the idea that transforming financial lives starts by giving our people the freedom to transform their own. We have a flexible work environment, and fluid career paths. We not only encourage but celebrate internal mobility. We also recognize the importance of purpose, well-being, and work-life balance. Within Empower and our communities, we work hard to create a welcoming and inclusive environment, and our associates dedicate thousands of hours to volunteering for causes that matter most to them. Chart your own path and grow your career while helping more customers achieve financial freedom. Empower Yourself. The Sr Manager VSA Accounting and Reporting is responsible for overseeing and reviewing U.S. Statutory (NAIC – National Association of Insurance Commissioners) and U.S. GAAP, regulatory, tax and/or Board accounting and financial reporting for Separate Accounts of the Insurance Company, subsidiaries and affiliates. This role requires a thorough understanding of accounting pronouncements and appropriate application to the investment portfolio.
Requirements
- Bachelor’s Degree in Accounting, Finance, related field, or equivalent experience.
- 7+ years of financial reporting experience required
- Advanced MS Office Skills (Excel, Access and PowerPoint)
- Public accounting or investment related financial reporting experience
- Strong knowledge of U.S. Statutory (NAIC) and/or GAAP accounting principles
- Strong technical and analytical skills with ability to communicate effectively, both written and verbally
- Ability to work both independently and collaboratively in a team environment
- Ability to utilize creativity thinking towards improvement of business processes and internal controls, and follow-thru in all stages from design into implementation
- Attention to detail, analytical acumen and excellent organizational skills with the ability to handle and prioritize multiple and competing priorities
- Self-driven with ability to deal with ambiguity, a willingness to learn and take on additional responsibilities
- Proficient in MS Office, including advanced Excel skills
- Process improvement mindset
Nice To Haves
- 3-5 years of supervisory experience preferred
- Previous experience in investments strongly preferred
- Experience using Alteryx and Wings annual statement software a plus
Responsibilities
- Manage staff responsible for the preparation and review of the quarterly/annual statutory NAIC state financial reporting, supplements, annual audited financial statements, and VSA accounting.
- Oversee investment presentation in the financial statements on a quarterly basis.
- Research and propose new disclosures and modifications to reports in response to new pronouncements, guidelines and investment types.
- Interpret new pronouncements and guidelines issued by authoritative associations in relation to U.S. Statutory, U.S. GAAP, or various regulations for accounting and reporting implications.
- Recommend appropriate changes to accounting systems and presentation of information.
- Oversee process improvements and system enhancements to increase overall effectiveness and efficiency to support internal and external accounting and reporting initiatives.
- Oversee new processes and project implementation.
- Oversee audits for Investments and explaining Company’s position.
- Manage the design and implementation of controls pertaining to accounting and financial reporting processes. Maintain an effective control environment through the mitigation and remediation of control compliance issues.
Benefits
- Medical, dental, vision and life insurance
- Retirement savings – 401(k) plan with generous company matching contributions (up to 6%), financial advisory services, potential company discretionary contribution, and a broad investment lineup
- Tuition reimbursement up to $5,250/year
- Business-casual environment that includes the option to wear jeans
- Generous paid time off upon hire – including a paid time off program plus ten paid company holidays and three floating holidays each calendar year
- Paid volunteer time — 16 hours per calendar year
- Leave of absence programs – including paid parental leave, paid short- and long-term disability, and Family and Medical Leave (FMLA)
- Business Resource Groups (BRGs) – BRGs facilitate inclusion and collaboration across our business internally and throughout the communities where we live, work and play. BRGs are open to all.
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What This Job Offers
Job Type
Full-time
Career Level
Manager
