Financial Reporting Manager (Remote or Stamford, CT)

Company: Bellwether Staffing Solutions, LLC
Location: Stamford
Posted on: January 27, 2023

Job Description:

Financial Reporting Manager (Remote or Stamford, CT)We are currently recruiting for a Remote Financial Reporting Manager. Must have PRT / Annuities / Life Insurance industry experience and US statutory accounting - experience. Newly created role due to growth. This is a great opportunity to join a growing team. 120K+ Base + 15% Target Bonus + Benefits PackageResponsibilities:

• Monitor monthly/quarterly standard reports (i.e reinsurance settlements, Group disclosures, STAT annual statement schedules, etc) and challenge movements and accuracy
• Prepare, analyze and explain STAT balance sheet and income statement movements each quarter and meet with partners quarterly to review and approve their analysis of change submission highlighting impacts to surplus and risk-based capital
• Review and analyze IFRS operating income report and incorporate results into updated analysis workpapers demonstrating variance to plan
• Coordinate initial draft of quarterly results pack, IFRS Op Income memo, and reports to be submitted to Group and Auditors
• Prepare and analyze monthly business forecasts for IFRS and SII valuation basis
• Manage and develop processes and controls to ensure accuracy of reported information
• Prepare presentations for the Board and other Senior Leadership Team meetings/conferences
• Coordinate with tax team and compile/analyze tax positions and movements within financial statements
• Review RBC (Risk Based Capital) calculations and estimates
• Assist team's objectives and readiness for IFRS 17 reporting effective 1/1/2023
• Assist in drafting and coordinating accounting memo's for new products, structures, and reinsurance agreements for presentation to technical review committee
• Coordinate monthly intercompany reconciliations to support approving settlements
• Responsible for creation and maintenance of trend analysis of key figures and metrics
• Work closely with senior financial analyst to understand operating expenses in regards to reforecasting for monthly business overviews and to support the unit cost analysisRequirements:
  • Bachelor's degree in Accounting, Finance, or equivalent
  • 5-7 years+ of experience in finance/accounting role
  • Financial planning and reporting background required
  • Experience in pension risk transfer (PRT)/annuities strongly preferred; individual life insurance/annuities acceptable
  • Knowledge of US statutory accounting/RBC required; knowledge of IFRS or SII preferred
  • Knowledge of reinsurance structures and relative accounting treatments (i.e coinsurance, modified coinsurance, funds withheld, excess of loss, etc) preferred
  • Experience with management reporting, including financial reporting metrics, and financial controls and processes
  • Proven ability in building analytics and models and identify key drivers
  • Familiarity with actuarial concepts & principles
  • Flexibility to travel (approx. 10%) No sponsorship. 120K+ Base + 15% Target Bonus + Benefits Package. To apply email resume to petrina@bellwetherstaffing.com

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