Position: Manager, Financial Reporting
Duration: Full-time with Bonus
Location: Ewing, NJ
Direct client: immediate interview
Job Summary:
This position is responsible for the timely and accurate preparation and analysis of all financial statements and all of its subsidiaries financial activities in accordance with Generally Accepted Accounting Principles (GAAP) and Statutory Accounting Principles (SAP). This position manages, develops and prepares all financial information for reporting to the Boards of Directors, the National Association of Insurance Commissioners (NAIC), the Department of Banking and Insurance (DOBI), and the Securities and Exchange Commission (SEC).
Responsibilities:
• Oversees the preparation of the quarterly and annual financial statements (including footnotes) and all of its subsidiaries, including benefit plans, ensuring compliance with the appropriate accounting guidance (GAAP and SAP) and regulatory requirements of the SEC, NAIC, DOBI and Includes responsibility for drafting the Management’s Discussion and Analysis for all filings.
• Performs variance analysis using financial and statistical data to support all financial reporting for internal and external purposes.
• Drafts position papers based upon the research and interpretation of accounting issues and accounting principles that potentially impact the Company. Includes the communication of the proper accounting treatment to the Finance Department and the development of the required disclosures to the financial statements. This includes GAAP and SAP accounting principles, and regulatory requirements of the SEC, NAIC, DOBI and
• Coordinates the company’s pension and 401(k) audits
• Oversees the development, documentation and recording of SG&A cost allocations between companies and between market segments to comply with the appropriate accounting guidance (GAAP and SAP)
• Directs staff to ensure overall client satisfaction and appropriate level of service delivery.
• Develops and monitors goals for staff and provides ongoing feedback and coaching.
• Conducts performance reviews on an annual basis and administers salaries for the staff.
• Directs the employment activities of the office that include staffing, development, and training.
• Ensures staff meets all regulatory requirements and comprehends and complies with best practices, professional standards, internal policies, and procedures.
• Accountable for maintaining effective internal controls over the processes and transactions under areas of responsibility including the completeness and accuracy of financial information and transactions, compliance with applicable laws and regulations, and the effectiveness and efficiency of operations.
Education/Experience:
• Requires a Bachelor’s degree in Accounting or Finance from an accredited college or university.
• Master's degree in business administration, accounting or finance a plus.
• Requires a minimum of 5 years of progressively responsible experience in financial reporting, general accounting, financial analysis, and related functions preferably within a public company and/or the health insurance industry.
• Requires recent experience in drafting SEC filings.
Additional licensing, certifications, registrations:
• CPA required.
Knowledge:
• Requires in-depth knowledge of general accounting principles and methods and of Generally Accepted Accounting Principles (GAAP).
• Prefers knowledge of Statutory Accounting Principles (SAP).
• Requires working knowledge of financial reporting regulations.
Skills and Abilities:
• Requires strong and oral written communication skills.
• Requires demonstrated aptitude for analytical thinking, including the ability to research and resolve problems, report findings accurately, identify solutions and implement resolutions through interaction with company-wide personnel.
• Requires very strong attention to detail and granular levels of financial reporting.
• Requires the ability to plan, organize and prioritize work assignments.
• Requires the ability to work independently and exercise sound business judgment.
• Require strong skills in MS Office (particularly Excel and Access).
• Requires knowledge of the general ledger system, preferably PeopleSoft.
• Requires knowledge of financial auditing.