The Insurance Accounting Manager provides leadership and technical expertise across assigned insurance accounting and financial reporting activities, with the opportunity to lead, mentor, and develop accounting professionals. This position reviews and may assist in the preparation of accounting transactions, reconciliations, financial statements and disclosures, and related analyses to ensure accurate and timely reporting in accordance with applicable GAAP and statutory accounting requirements. Partnering with senior accounting management, the Accounting Manager contributes to financial reporting, regulatory, and departmental objectives, maintains effective internal controls, and collaborates with auditors, regulators, and business partners. The position also supervises and develops accounting staff and contributes to the continuous improvement of accounting and financial reporting processes. Essential Functions
- Provide technical and managerial leadership within the Accounting Department. Assess business and operating requirements, support departmental objectives, and effectively communicate accounting requirements and deliverables throughout the organization.
- Manage, coach, and develop assigned accounting staff, including resource allocation, training and development, performance management, and review of staff work. Provide technical guidance, feedback, and developmental opportunities while fostering teamwork and accountability.
- Manage and review accounting close activities to ensure timely and accurate financial reporting, including the review of journal entries, account reconciliations, financial analyses, and supporting schedules.
- Oversee the preparation and review of statutory quarterly and annual financial statements, including annual statement schedules, financial statement footnotes, Management’s Discussion and Analysis (MD&A), and other required regulatory reporting.
- Prepare and review statutory audited financial statements, coordinating with external auditors through completion.
- Ensure timely and accurate financial reporting in accordance with applicable Generally Accepted Accounting Principles (GAAP), Statutory Accounting Principles (SAP), and regulatory requirements.
- Serve as one of the primary accounting contacts for external and internal auditors. Coordinate audit requests, provide supporting documentation, explanations, and analyses, and facilitate timely resolution of audit matters.
- Support interactions with state insurance department personnel, tax authorities, reinsurance intermediaries, reinsurers, and other external organizations as necessary.
- Perform technical accounting research related to complex or unusual transactions and financial reporting matters. Evaluate applicable accounting guidance, document conclusions, and provide technical accounting recommendations to management.
- Ensure the adequacy and effectiveness of accounting policies, procedures, practices, and internal controls to maintain accurate books and records and safeguard Company assets.
- Identify, recommend, and lead accounting process improvement, automation, and reengineering initiatives intended to improve efficiency, accuracy, controls, and achievement of long-term strategic objectives.
- Collaborate effectively with other team members located across multiple time zones. Demonstrate flexibility in adjusting working hours when necessary to support reporting deadlines, meetings, and business needs.
- Manage multiple priorities and reporting deadlines while maintaining a high degree of accuracy, organization, and responsiveness.
- Perform other related duties and special projects as assigned or requested.
Minimum Requirements
Education, training, and experience:
- Bachelor's degree in Accounting or related course of study.
- CPA required.
- Minimum of 5-7 years of progressive accounting experience.
- Previous supervisory experience, including experience supervising staff, reviewing work, providing technical guidance, and supporting employee development.
- Insurance accounting experience required.
- Experience with statutory accounting principles and insurance regulatory reporting strongly preferred.
- Demonstrated experience working directly with external and internal auditors, including coordinating audit requests, preparing supporting documentation, responding to inquiries, and resolving audit matters.
- Experience reviewing journal entries and account reconciliations, including identifying and resolving accounting and financial reporting issues.
- Experience preparing and reviewing statutory annual statements and related financial statement footnotes.
- Experience drafting and reviewing statutory audited financial statements and Management’s Discussion and Analysis (MD&A).
- Experience assisting with technical accounting research and documenting accounting conclusions.
- Public accounting experience is preferred
Knowledge, skills, and abilities:
- Strong knowledge of insurance accounting and financial reporting principles.
- Knowledge of statutory accounting principles and NAIC financial reporting requirements strongly preferred.
- Strong technical accounting research skills and the ability to interpret accounting guidance and apply it to complex transactions.
- High level of analytical ability with the ability to manage complex accounting activities, financial reporting matters, and projects.
- Strong understanding of financial reporting processes and internal controls.
- Excellent leadership and interpersonal skills with demonstrated ability to coach, mentor, motivate, and develop accounting professionals.
- Strong written and verbal communication skills and the ability to communicate effectively with senior management, auditors, regulators, and other internal and external business professionals.
- Strong organizational and project management skills with the ability to manage multiple priorities and meet reporting deadlines.
- Strong attention to detail and commitment to accuracy and completeness.
- Strong computer systems skills, including general ledger and financial reporting systems and Microsoft Office applications, particularly Excel.
- Resourceful and able to think logically, exercise sound judgment, work independently, and take ownership of resolving accounting and reporting issues.
- Ability to identify issues, develop practical solutions, and effectively communicate recommendations.
- Ability to work effectively in a fast-paced environment and adapt to changing priorities and business requirements.
- Flexibility to collaborate with teams across multiple time zones and adjust working hours when necessary to support business and financial reporting needs.
- Team-oriented; embody the GeoVera Core Values of Teamwork, Trust, Integrity, Bias to Action, and Persistence.