Director Financial Reporting
Description
The Director requires a broad set of financial reporting skills as the position is involved with both insurance and investment accounting issues, writes extensive analysis and explanations on various statement questions, researches statutory accounting impact on various issues, and is involved with various system projects supporting the financial reporting process.
The responsibilities of the Director in the Regulatory Reporting Unit of Financial Management include the following:
* Coordinate the preparation of the statutory financial statements for the company;
* Work with FIS (systems area) and profit center accounting areas, investment operations, and Tax department to ensure that statement system reports are updated and maintained on an ongoing basis;
* Coordinate/prepare the Risk-Based Capital calculation (actual and forecasts) for the life insurance entities;
* Respond to various statutory financial statement questions from regulators on the company's financial reports;
Assist the Unit's Vice-President where appropriate with the following:
* Assist with the preparation of various quarterly statutory analysis packages such as the statutory Management's Discussion and Analysis (MD&A), senior officers/board meeting packages, internal variance analysis rating agency meeting materials, state insurance department presentations, etc.;
* Assist with the statutory financial results forecasting process.
The Director has a staff of 5-7 people, including 1-2 Managers.
Desired Experience
* 7-10 years of financial reporting and accounting experience, preferably in the insurance industry;
* Extensive ledger/reporting systems experience required (preferably Oracle);
* Four year college degree required with a degree preferably in accounting or finance;
* MBA and/or CPA helpful;
* Experience with Risk-Based Capital or required equity calculation (an insurance industry capital adequacy measure) helpful;
* Excellent writing and oral communication skills are required as the Director will be writing extensive analysis packages and will be communicating with various levels of management and executives throughout the company;
* Supervisory/managing experience of a group required;
Location
Northern NJ
Compensation
$120,000 to $130,000 w/ up to 55% bonus
