We are a growing company that invests in our most important asset; our people! We offer many opportunities for growth, and we are committed to providing a beneficial career experience for all of our associates.
AAA Life is seeking a Manager of Financial Reporting to join our team! The Manager of Financial Reporting will lead the organization in managing internal management financial reporting and external regulatory financial reporting; financial recordkeeping; tax reporting; reporting of performance measures including key non-financial data and maintenance and development of all financial reporting. This role will also assist in providing financial counseling, guidance and information to AAA Life Alliance management.
POSITION RESPONSIBILITIES
- Responsible for the preparation and analysis of AAA Life Alliance financial reports and fiscal records and all internal and external management reporting.
- Manages the development, analysis and interpretation of statistical and accounting data to appraise profitability.
- Responsible for the preparation of financial reports and projections for the Operating Committee and the Board of Directors.
- Maintains business relationships with internal business personnel, external auditors, insurance examiners, and other regulatory groups to exchange information and resolve issues and questions.
- Has ownership of the corporate ledger and is a technical resource for the Company and contributes to the development of best-in-class accounting processes.
- Manages chart of accounts and other hierarchies, writing reports, and coordinating with appropriate technical resources to ensure automated feeds are functioning properly without exception.
- Partners with various business partners across the Company to develop accounting infrastructure related solutions. Is committed to delivering high quality, long-lived financial systems that maximize the Company’s efficiencies.
- Determines overall work assignments and projects for the Financial Reporting and Tax teams. Ensures that adequate resources are available and have the skills to attain current and planned goals.
- Manages the team’s processes related to the talent acquisition, training and development, and coaching and counseling, ensuring the attainment of department objectives in support of the Company’s strategic initiatives.
- Inspires, motivates, and mentors Financial Reporting and Tax teams, ensuring consistency and best practices are utilized.
- Provides regular, consistent, and meaningful information. Listens carefully to others and ensures messages are understood. Keeps communication professional and positive. Collaborates and shares important matters with the team and all other appropriate parties.
- Supervises team in the timely completion and submission of all statutory reporting requirements including annual state and supplemental filings.
- Assists in the development and implementation of corporate policies, objectives and standards. Ensures that proper accounting controls are instituted and documented for all Financial Reporting systems.
- Responsible for researching and implementing new developments in GAAP and statutory accounting pronouncements that impact AAA Life businesses.
- Works with the Actuarial Department to review financial results.
- Analyzes Financial Statements and provides summarization of significant items.
- Analyzes and appraises the operating results of Financial Reporting develop innovative approaches to improve accuracy, operating effectiveness, enhance procedural flow and resolve complex problems.
- Facilitates the implementation of tax strategies.
- Responsible for maintaining compliance with all laws and regulations that govern the business processes in the department.
- Performs adhoc requests as needed to support the Finance, Accounting, and Tax functions.
Required Skills
- DECISION QUALITY AND TIMELINESS - Makes good decisions in a timely manner, sometimes with incomplete information and under tight deadlines and pressure based upon a mixture of analysis, wisdom, experience, and judgment; most of his/her solutions and suggestions turn out to be correct and accurate when judged over time; sought out by others for advice and solutions.
- PROBLEM SOLVING - Uses rigorous logic and methods to solve difficult problems with effective solutions; probes all fruitful sources for answers; can see hidden problems; is excellent at honest analysis; looks beyond the obvious and doesn't stop at the first answers.
- INITIATIVE - Takes initiative to learn new things, try new processes and is open to exploration; is motivated to continuously improve; demonstrates a sense of urgency.
- PERSONAL RESPONSIBILITY - Holds self-responsible for measurable high-quality, timely, and cost-effective results; accepts responsibility for mistakes; complies with established control systems and rules.
- COMMUNICATION SKILLS - Engages in effective, concise, two-way personal communication; can change tactics midstream when something isn't working. Is able to write clearly and succinctly in a variety of communication settings and styles; can get messages across that have the desired effect.
- FOCUS ON MEMBER/CUSTOMER - Is dedicated to meeting the expectations and requirements of customers (internal and external) and members; gets first-hand customer information and uses it for improvements in products and services; acts with members/customers in mind; establishes and maintains effective relationships with members/customers and gains their trust and respect.
- DELEGATION - Clearly and comfortably delegates both routine and important tasks and decisions; broadly shares both responsibility and accountability; tends to trust people to perform; lets direct reports and others finish their own work.
- DEVELOPING DIRECT REPORTS AND OTHERS - Provides challenging and stretching tasks and assignments; holds frequent development discussions; is aware of each person's career goals; constructs compelling development plans and executes them; pushes people to accept developmental moves; will take on those who need help and further development; cooperates with the developmental system in the organization; is a people builder.
- MANAGERIAL COURAGE - Doesn't hold back anything that needs to be said; provides current, direct, complete, and "actionable" positive and corrective feedback to others; lets people know where they stand; faces up to people problems on any person or situation (not including direct reports) quickly and directly; is not afraid to take negative action when necessary.
- DRIVE FOR RESULTS - Can be counted on to exceed goals successfully; is constantly and consistently one of the top performers; very bottom-line oriented; steadfastly pushes self and others for results.
Required Experience
Bachelor Degree in Accounting, Finance, Business Administration or related field. Candidates with a CPA or MBA or who have their FMLI designation are preferred.
Minimum 3 years’ experience in a management position.
Experience to include a minimum of 5 years in the following areas:
- analysis and development of statistical and financial data for utilization in the formulation of recommendations and reports.
- evaluation and interpretation of applicable legislation relating to insurance regulation
- the preparation of financial statements, including statutory and GAAP bases for insurance companies
- assessment of internal controls
- working with regulatory bodies
- statutory accounting
Knowledge of:
- PC software applications
- General ledger and financial reporting and analysis software packages
- Statutory and GAAP accounting for life insurance
Experience Preferred:
using technology to improve the overall efficiency of an organization
working in Financial Reporting or in a related position
communicating and providing financial information to internal and external auditors
working with insurance accounting, in particular life insurance accounting