Supervisor, Financial Reporting

NJM Insurance Group   •  

West Trenton, NJ

Industry: Accounting, Finance & Insurance


5 - 7 years

Posted 194 days ago

This job is no longer available.

Job Responsibilities:

  • Assume ownership of timely and accurate statutory deliverables, including quarterly and annual statements, supplementary filings to the states or the National Association of Insurance Commissioners (NAIC), audited financial statements, and any financial analytical reports including understanding of significant changes in the business and the impact to the financial statements prior to distribution to General Accounting management, executive/senior management, directors, auditors and regulatory agencies.
  • Supervise the preparation and review of various statutory deliverables, support workpapers, and any financial analytical reports.
  • Review and analyze financial results and explain to team and management including explanations for key business drivers, fluctuation analyses, and other reporting matters.
  • Monitor and ensure timely identification and compliance with evolving accounting guidance, provide NAIC statutory accounting interpretation and prepare technical memorandums.
  • Communicate and explain accounting issues and evolving accounting guidance to the management team.
  • Create and maintain reporting calendars to communicate necessary deliverables and deadlines
  • Prepare schedule of staff work assignments and monitor staff workflow to ensure the timeliness and accuracy of assignments.
  • Implement and maintain reporting procedures to comply with internal control requirements.
  • Address issues/concerns in a professional manner.
  • Demonstrate ability to execute and follow-through to completion and documentation
  • Communicate, collaborate and interact effectively with internal/external stakeholders, including ability to work with the actuarial and accounting functions to understand various, important concepts that are unique to the insurance industry.
  • Prepare and complete the assignments within the expected timeframes and effectively manage time to complete multiple tasks
  • Participate in other projects as required
  • Provide leadership to assigned staff including regular coaching and feedback, development and performance management.
  • Assist in fulfilling requests and answering questions from state examiners, external auditors, and internal auditors.
  • Review and analyze processes and procedures, identify and develop operational efficiencies and automated solutions for manual processes, recommend and oversee implementation of improvement and participate in development of changes to area(s) of responsibility that would enhance, improve or facilitate job performance, processing or workflow.
  • Take ownership of assignments, personal growth, and professional development
  • Participate in activities such as internal/external training, webinars, networking and business process improvements to develop the necessary skills to meet all departmental objectives and provide timely and accurate data.
  • Take ownership of all assignments by owning the whole issue, problem and solution, ensure clarity and closure on issues, ensure accountability on who does what by when, and create transparency on critical issues.
  • Maintain enterprise wide thinking, be committed to agility & change, and demonstrate acceptance/commitment to the process and to the final decision.
  • Professionally communicate (both verbal and written) and respond to inquiries from internal and external parties, including but not limited to regulatory agencies, external auditors, state examiners and other external parties.
  • Consistently communicate in a clear, concise manner and be an actively listener to others concerns and different viewpoints and produce clear, well-structured and concise written communications.

Required Qualifications and Experience:

  • 6 or more years of relevant statutory accounting, reporting, or auditing experience (including at least two years in a supervisory role), preferably for property & casualty insurance companies, and experience in interacting with external auditors or examiners. The ideal candidate would also have a track record in leading process improvements.
  • Bachelor's degree or higher in Accounting
  • Certified Public Accountant (CPA) is desired
  • A strong knowledge of US GAAP and NAIC statutory accounting principles is required combined with the ability to research and propose company positions on complex accounting issues
  • Exceptional prioritization and time management ability with a sense of urgency to deal with the pressures of meeting regulatory deadlines required
  • Experience with annual statement software (WINGS), and G/L system (PeopleSoft) preferred. Working knowledge of nVision and Crystal reports and enhanced Excel functions, including but not limited to Lookups, Indirect, array formulas, pivot tables, macros and Visual basis is preferred.