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Senior Accountant, Financial Reporting

NEW YORK-10010, NY, US
12/05/2016

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Required Skills

MS Excel

Company

Infinity Consulting Solutions, Inc

Experience

4 to 6 Year(s)

Job Description

Position Objective:

The overall objective of this position is to support the Statutory and GAAP (Generally Accepted Accounting Principles) Insurance Accounting and Financial Reporting functions of the Group Profit Center.

Responsibilities include preparation of journal entries and supporting schedules, reconciliation of key accounts and analysis of financial data included in the development of Group Profit Center monthly and quarterly financial statements.

In addition, the position will require the preparation and submission of Group Profit Center information for various annual statement exhibits and state regulatory filings in conjunction with Corporate Statutory Reporting timelines.

This position is responsible for preparing supporting documentation and workpapers for the internal and external auditors and assisting in the completion of audits as required.

Finally, the position will look to identify, communicate and implement process improvement projects to enhance accounting and reporting controls and provide efficiencies in the financial reporting process.

Major Opportunities and Decisions:

The position requires a good understanding of Statutory and GAAP accounting.

To be successful in this position, the employee should possess a detail oriented mindset to ensure accuracy of data contained in general ledger, account reconciliations and workpapers that supporting financial statements; as well as, develop a good understanding of multiple types of group insurance coverage to provide pertinent financial analysis to profit center management and product line strategic business units (SBU).

Developing strong computer skills especially in the use of MS Excel, PeopleSoft General Ledger and Essbase.

The position requires the ability to prioritize work to perform and complete multiple tasks and projects within specific deliverable timeframes.

Principal Accountabilities:

Perform general ledger account analysis and reconciliations for both balance sheet and income statement accounts to provide supporting information for the monthly / quarterly financial GAAP and Statutory financial statements.

Actively supports Group product line accounting operations and financial reporting processes through communication with Product area teams to determine financial data needs and providing the necessary information through the preparation of accurate product line journal entries and analytics.

Preparation of accurate and timely financial information schedules supporting Annual Statement Exhibits and various state regulatory filings.

Activity requires interaction and coordination with Product Area, Corporate Statutory Reporting and Group Actuarial

Identify, communicate and perform process improvement projects to enhance accounting and reporting controls and provide efficiencies in the financial reporting process.

Support annual audit process and assist in the development and enhancement of internal control procedures through documentation of procedures and maintenance of worksheet controls.

Develops and maintains advanced financial reporting and analytical tools via PeopleSoft, Essbase, PeopleSoft Queries and MS Excel Pivot Tables and Macros

Dimension:

Total Group Profit Center premiums - $3 billion

Major Group Product Lines of Business – 8

Annual Statutory Exhibits and Regulatory filings prepared - 40

The above description includes most significant duties performed.

However, other occasional work assignments not mentioned are assumed to be included.

Management reserves the right to assign and/or reassign duties and responsibilities at any time.

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Skills and Knowledge:

Competencies/Skills:

Strong written and oral communication skills both internally and with external parties

Demonstrated ability to make decisions using sound judgment

Demonstrated strong commitment to deliver timely results

Ability to manage multiple projects with multiple deliverables simultaneously

Ability to evaluate processes and controls to develop recommendations to enhance.

Ability to adapt to changing business priorities and environments.

Ability to work effectively with associates from across the Group Profit Center and with Corporate

Knowledge:

Strong knowledge of GAAP and Statutory accounting principles including experience in the preparation and filing of quarterly and annual statutory statements and related schedules

Group Insurance Industry knowledge

Strong knowledge in use of MS Excel including Macros and Pivot tables

Working knowledge of MS Word, MS Access and the use OLAP software such as Essbase

Knowledge of accounting/internal control procedures development and documentation.

Working knowledge of Peoplesoft General Ledger and Accounts Payable Modules an asset

Working knowledge of mainframe IT systems an asset

Education and Experience:

Education:

Bachelor's Degree with a major in Accounting

Certified Public Accountant Designation – Preferred but not required

Experience:

Minimum 4 years of related business experience in the Health / Life Insurance Industry