Sr. Specialist Accounting Policy

Job Family
Financial Accounting & Reporting

Job Description Summary
Provide technical accounting expertise to business partners and leaders across all business units. Develop and maintain accounting policy documents and analyze accounting implications of new accounting guidance or strategic transactions to assist in making key accounting policy decisions.

Job Description

Responsibilities

• Provide U.S. GAAP technical accounting guidance related to current and proposed transactions to ensure consistent interpretation and conformity with authoritative accounting literature.
• Develop and maintain global accounting policies as well as oversight of adoption and compliance with global accounting policies.
• Analyze accounting implications of alternate solutions and support business units with significant and unusual transactions in support of key accounting decisions.
• Perform independent research to support key accounting decisions.
• Consider financial impact, benefits and drawbacks, and potential legal and regulatory impacts of significant accounting transactions.
• Monitor the FASB for emerging and new adoptions of accounting standards; assess guidance applicable to the company. Participate with insurance industry technical accounting groups to ensure consistent application of global accounting standards.
• Prepare memos and policy documents to communicate accounting changes.
• Develop, implement, and communicate new policies and processes to comply with newly issued accounting standards.
• Draft financial statement disclosures regarding upcoming accounting pronouncements.
• Work closely with senior management as well as external auditors on complex accounting topics, and engage with legal counsel, regulators, and consultants as needed.
• Serve as a technical accounting subject matter expert.

Qualifications

• Bachelor's degree in accounting or related field.
• Eight years of accounting experience.
• In-depth accounting knowledge, preferably in the financial services/insurance industry.
• Analytical and problem-solving skills.
• Written/verbal communication skills.
• Ability to work in a fast-paced, deadline-driven environment.
• Advanced computer skills.

Preferred Qualifications

• Experience in technical research and preparation of accounting memorandums and policies.
• Advanced writing skills to document and communicate complex accounting and reporting issues to finance and non-finance personnel.
• Advanced strategic thinking skills when formulating interpretations of accounting guidance for new and emerging transactions and when presenting accounting interpretations to external auditors.
• CPA designation
• Big 4 experience
• Understanding of Statutory Accounting Principles
• Understanding of actuarial concepts
• Understanding of financial instruments

Working Conditions

• Hybrid (In Office: Tuesdays, Wednesdays & Thursdays)
• Occasional Travel

The Salary for this position generally ranges between $112,000 - $140,000 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