World Insurance Associates · 3 months ago
Senior Accountant, Financial Reporting
United States
Full-time
Remote
Senior Level
5+ years expWorld Insurance Associates is a unique insurance organization offering top products and services from major providers, combined with attentive service from local agents. The role of Senior Accountant, Financial Reporting involves assisting with the allocation of purchase prices for newly acquired entities, interpreting asset and equity purchase agreements, and preparing financial statement disclosures in accordance with GAAP.
Customer ServiceFinanceFinancial ServicesInsurance
Responsibilities
Assist, under the direction of the manager, with the allocation of purchase prices for newly acquired entities and determine fair values, including contingent consideration, while maintaining associated schedules
Read and interpret diverse asset and equity purchase agreements, along with associated closing statements and wiring instructions for ASC 805 business combination recording
Review new and amended debt agreements in order to record transactions according to GAAP and estimate monthly principal/interest payments
Assist quarterly with ASC 606 revenue recognition true-ups and fair value measurement of contingent consideration, which require substantial fair value modeling
Collaborate with external consultants on hedge accounting documentation and journal entries under ASC 815 and accounting for stock incentive plans, including option grants, vesting schedules, and expense recognition under ASC 718
Use NetSuite to prepare and record complex intercompany journal entries across multiple subsidiaries
Assisting with the annual audit by maintaining the Prepared by Client listing and preparing required schedules and rollforwards
Prepare and review financial statement disclosures in accordance with GAAP
Work on monthly reporting deliverables to senior management and the Board
Qualification
Required
Bachelor's degree with concentration in Accounting
Minimum of 5 years of accounting experience, including working on technical accounting matters; insurance industry auditing or accounting experience is preferred; Big 4 experience is strongly desired
Strong understanding of US GAAP is preferred, particularly in areas related to ASC 805 and ASC 606
Possess strong administrative and computer skills, including Microsoft Office (Word, Excel and Power Point)
Able to work independently and enjoy a high degree of interaction with team members
Self-motivated and driven with a sense of urgency to meet deadlines
Demonstrate effective written and verbal communication skills, including active listening and problem-solving capabilities with minimal assistance
Ability to multitask, prioritize tasks, work independently, and handle sensitive information with discretion
Ability to maintain well-documented and independently reviewable Excel workpapers on various complex GAAP subjects
Maintain a professional demeanor and positive attitude
Preferred
CPA preferred
Familiarity with ASC 718 and ASC 815 preferred
Experience with NetSuite or similar ERP systems strongly preferred
Company
World Insurance Associates
World Insurance Associates is a unique insurance organization offering top products and services from major providers, combined with attentive service from local agents.
1001-5000 employees
H1B Sponsorship
World Insurance Associates has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2020 (1)
Funding
Current Stage
Late StageCompany data provided by crunchbase