CNA Financial Corporation

Operations General Manager, Ledger Reconciliation

CNA Financial Corporation • $72K — $141K *
Chicago, IL 60629In-Person
Finance & Insurance
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in accounting, finance, business, or related field; coursework in insurance or leadership a plus.
  • 5-7 years of extensive experience in accounting, financial operations, and ledger reconciliation.
  • Proven leadership skills in coaching, performance management, and workload coordination.
  • Experience with financial close support, SOX compliance, and reconciliation systems preferred.
  • Familiarity with the insurance industry is advantageous.

Responsibilities

  • Oversee accurate and timely general ledger reconciliations for insurance receivables.
  • Lead and manage the monthly financial close process, ensuring all reconciliations are thoroughly reviewed.
  • Act as primary representative on the financial close committee, advising on accounting processes and issue resolution.
  • Approve significant journal entries in the general ledger after assessing their financial impact and compliance.
  • Manage and resolve complex reconciliation issues and ensure operational integrity in receivables management.
  • Develop and implement strategies using data and automation to enhance reconciliation processes.
  • Foster strong partnerships with multiple departments and stakeholders to effectively resolve issues.

Benefits

  • Opportunity for hybrid work arrangement.
  • Professional development and training programs available.
  • Collaborative work environment that encourages innovation and process improvement.
  • Potential to impact high-volume operational processes and deliver significant business growth.
  • Access to advanced technology and tools to optimize financial operations.
Full Job Description
Manages the enterprise Ledger Reconciliation function for insurance receivables and related accounting, including Surety. The role leads operational execution, financial close governance, journal entry approval, audit support, BPO partnership strategy, control discipline, and continuous improvement across a high-volume and increasingly complex receivables environment.

JOB DESCRIPTION:

Essential Duties & Responsibilities

Performs a combination of duties in accordance with departmental guidelines:
  • Oversees enterprise general ledger reconciliations for insurance receivables and related accounting, including Surety, ensuring reconciliations are accurate, supported, completed timely, and aligned with corporate accounting and reconciliation policies.
  • Leads the monthly financial close process for the Ledger Reconciliation function, including review of automated and manual reconciliations, validation of general ledger and sub-ledger balances, review of reconciling items, aging, comments, resolution ownership, and management sign-off in applicable systems.
  • Serves as the primary Operations representative for the financial close committee during each monthly close period; advises on and makes decisions impacting Operations accounting processes, close deliverables, and issue resolution priorities.
  • Acts as primary approver for journal entries in the general ledger that may have material impact to CNA financial statements; evaluates supporting documentation, financial impact, compliance considerations, and appropriate resolution path before approval.
  • Manages complex reconciliation issues, out-of-balance conditions, timing differences, remediations, and escalations across insurance receivables, customer-level sub-ledger activity, TPA balances, deductible recoveries, invoices, payment activity, and related accounting processes.
  • Provides leadership over a high-volume receivables environment with an enterprise receivable base that has grown significantly in recent years; establishes priorities, governance routines, and problem-solving discipline to support continued business growth with a flat headcount model.
  • Develops and implements strategies that leverage data, automation, and AI-enabled tools to improve reconciliation processes, strengthen financial integrity, enhance reporting and decision-making, improve documentation, and reduce operational risk, backlog, and manual effort.
  • Leads strategic use of BPO/offshore support for Ledger Reconciliation activities, including work intake, quality expectations, service delivery oversight, issue escalation, performance monitoring, and sustainable capacity planning.
  • Builds strong partnerships with Finance, Financial Control, Audit, Claims, Processing, IT, Billing, Underwriting, Reinsurance, Payment Management, business partners, and other stakeholders to resolve complex issues and maintain accountability across end-to-end processes.
  • Serves as a primary liaison to internal and external auditors for Insurance Receivables and related accounts; coordinates evidence, explains reconciliation processes, addresses inquiries, supports control walkthroughs, and ensures timely remediation of audit or control findings.
  • Prepares, reviews, and distributes management reporting related to production, quality, close status, backlog, aged reconciling items, service levels, audit readiness, BPO performance, and process health; uses metrics, technology, and information analysis to make decisions and influence priorities.
  • Maintains a strong control environment by identifying compliance, SOX, accounting, tax, system, policy, and operational risks; partners with appropriate internal resources to resolve issues and reinforce standard practices.
  • Leads and supports Billing & Collections projects by providing subject matter expertise, requirements, testing, change management input, process design guidance, and deployment support for tools, automation, reconciliation workflows, and reporting enhancements.
  • Assigns, distributes, and coordinates work across the team and with partner teams to ensure consistent, efficient, and timely service delivery; validates staffing levels, anticipates workforce demand, manages overtime considerations, and supports annual budget input as needed.
  • Oversees recruitment, onboarding, performance management, training, development, coaching, and motivation of subordinate staff in alignment with corporate strategic direction; sets appropriate stretch goals aligned with CNA strategy, customer commitment, financial discipline, and operational excellence.
  • Generates and implements approved improvement ideas across teams; promotes continuous improvement, appropriate risk-taking, experimentation, and cross-functional collaboration to increase responsiveness and raise the quality of work.
  • May perform additional duties as assigned.


Reporting Relationship
  • Typically reports to Director or above.


Skills, Knowledge & Abilities
  • Strong knowledge of corporate accounting, finance, insurance receivables, financial close, account reconciliation practices, GAAP and statutory accounting principles, and related operational controls.
  • Demonstrated ability to lead complex operational processes with financial statement, audit, compliance, customer, and business partner impact.
  • Strong leadership, coaching, and talent development skills with the ability to attract, manage, develop, motivate, and retain talent needed to win.
  • Excellent organizational, analytical, and problem-solving skills with ability to prioritize multiple projects, resolve complex issues, and make sound decisions under close deadlines.
  • Ability to exercise professional judgment and assume responsibility for decisions impacting people, costs, compliance, financial integrity, quality of service, and operational outcomes.
  • Strong customer focus and continuous improvement mindset; value driven to provide superior solutions to internal and/or external customers and business partners.
  • Excellent verbal and written communication skills with ability to convey accounting, reconciliation, system, audit, and operational issues in a clear, concise, and effective manner.
  • Strong interpersonal and relationship-building skills with ability to influence across organizational boundaries and collaborate effectively with senior leaders, cross-functional partners, auditors, technology teams, and offshore partners.
  • Strong computer skills, including Microsoft Office suite and business-related software systems; ability to use metrics, reporting tools, reconciliation technology, and information analysis to drive decisions.
  • Acts with urgency to advance organizational priorities, thinks creatively, uses diverse ideas to solve problems, and focuses on objectives to set direction and drive superior results.


Education & Experience
  • Bachelor's degree in accounting, finance, business, or equivalent work experience; completion of applicable insurance, accounting, finance, or leadership coursework preferred.
  • Extensive experience in accounting, finance, financial operations, account reconciliation, ledger reconciliation, receivables, financial close, audit support, or related operational leadership environment.
  • People leadership experience, including coaching, performance management, development, workload management, and accountability for team results.
  • Experience supporting financial close, internal/external audit requests, SOX or control processes, reconciliation systems, process improvement, automation, reporting, or BPO/offshore partnerships preferred.
  • Insurance industry experience preferred.


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About CNA Financial Corporation

CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. It offers professional liability coverages and risk management services to various professional firms, including architects, real estate agents, and accounting and law firms; directors and officers, employment practices, fiduciary, and fidelity coverages to small and mid-size firms, public and privately held firms, and not-for-profit organizations; and commercial property, general liability, cyber liability, umbrella, and excess liability, as well as various other property and casualty coverages for healthcare institutions, professional services firms, and other specialized industries. The company also provides warranty and service contracts for consumer goods, and extended service contracts for consumer automobiles and recreational vehicles; and accident and health, and group life insurance products. In addition, it offers management and professional liability insurance and risk management services, as well as other specialized property and casualty coverages to various healthcare organizations, including hospitals, physician groups, and nursing homes. The company markets its products through independent agents, brokers, and general underwriters to various customers, including small, medium, and large businesses; insurance companies; associations; and other industry groups. CNA Financial Corporation was founded in 1853 and is headquartered in Chicago, Illinois.
Learn more about CNA Financial Corporation
Size
5,600 employees
Market Cap
$11.2 billion
Industry
Finance & Insurance
Net Income
$690 million
Founded
1973
5 Year Trend
+4.7%
Revenue
$10.8 billion
NASDAQ
CNA
* Ladders Estimates

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