Job Family
Financial Accounting & Reporting

Job Description Summary
Responsible for establishing and leading a high-performing operational accounting center of excellence focused on accounting discipline, process rigor, control effectiveness, and continuous improvement. This role oversees cash and suspense reconciliation governance, open item aging, exposure monitoring, and other operational accounting processes, such as cashiering and billing, while partnering with Finance, Risk, Internal Controls, and Operations to ensure processes are performed completely, accurately, and within the enterprise risk and control framework.

Job Description

Responsibilities:

• Establish and lead an operational accounting center of excellence to drive consistent execution, accountability, governance, and continuous improvement.
• Ensure the integrity, accuracy, and completeness of accounting and financial reporting information, with emphasis on cash activity, suspense accounting, reconciliation quality, and open item aging.
• Drive disciplined monitoring of cash and suspense reconciliation open items, including aging, exposure, root cause themes, and remediation progress.
• Use suspense accounting and reconciliation results to identify operational gaps, control weaknesses, process breakdowns, and improvement opportunities.
• May authorize and/or approve legal, regulatory, or company documents.
• Review written analysis to propose recommendations to senior management for decision making.
• Partner with Operations, Finance, Risk, Internal Controls, and other stakeholders to resolve accounting matters, strengthen controls, and align operational accounting processes with enterprise standards.
• Understand and apply technical accounting concepts for multiple bases of accounting.
• Drive the development of financial reports and complex models for forecasting, trending and results analysis.
• Lead adherence to the Company's internal control framework, including documentation, escalation, remediation, and ongoing monitoring of operational accounting exposures.
• Oversee management staff providing hiring, direction, coaching, and training of staff. Complete performance appraisals and evaluates overall performance of team.
• Align staff goals, project priorities, cleanup initiatives, and process improvement objectives with business priorities and risk reduction goals.
• Collaborate effectively to provide input on organizational strategy and policy while managing risks.
• Develop strategic direction for the department/business unit. Responsible for departmental budget.
• Embody a culture of accountability, innovation, teamwork, and customer centricity.

Qualifications:

• Bachelor's degree in accounting.
• Generally 12+ years of experience, including required insurance accounting experience and a strong background in insurance, financial services, or investment management.
• Required experience leading suspense cleanup, reconciliation improvement, aging reduction, exposure management, or related operational accounting remediation initiatives.
• Demonstrated management/leadership experience.
• Extensive knowledge of applicable accounting and business areas.
• Ability to communicate orally and in writing to all audiences.
• Ability to lead a large group of employees to ensure business goals are met.
• Forward thinker able to anticipate future needs/challenges.
• Strong organizational, prioritization, and project management skills, with the ability to manage competing cleanup, control, and operational improvement priorities.
• Effective judgment and decision-making skills.

Preferred Qualifications:

• CPA/advanced degree.

The Salary for this position generally ranges between $153,000 - $185,000 annually. Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors including qualifications, experience, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.

Additionally, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Company's discretion.

Disclaimer:

Beware of fake job offers!

We've been alerted to scammers impersonating Transamerica recruiters, particularly for remote positions. Please note:

• We will never request personal information such as ID or payment for equipment upfront.
• Official offers are sent via DocuSign following a verbal offer-not through text or email.

This job description is not a contract of employment nor for any specific job responsibilities. The Company may change, add to, remove, or revoke the terms of this job description at its discretion. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.

What We Offer

For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees.

Compensation Benefits

• Competitive Pay
• Bonus for Eligible Employees

Benefits Package

• Pension Plan
• 401k Match
• Employee Stock Purchase Plan
• Tuition Reimbursement
• Disability Insurance
• Medical Insurance
• Dental Insurance
• Vision Insurance
• Employee Discounts
• Career Training & Development Opportunities

Health and Work/Life Balance Benefits

• Paid Time Off starting at 160 hours annually for employees in their first year of service.
• Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).
• Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars
• Parental Leave - fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.
• Adoption Assistance
• Employee Assistance Program
• Back-Up Care Program
• PTO for Volunteer Hours
• Employee Matching Gifts Program
• Employee Resource Groups
• Inclusion and Diversity Programs
• Employee Recognition Program
• Referral Bonus Programs