Apply on Employer Site

Talcott Financial Group · 1 day ago

Director of Financial Reporting

Greater Hartford

Full-time

Onsite

Director/Executive

15+ years exp

Talcott Financial Group is an international life insurance group and the industry’s trusted partner for comprehensive risk solutions. The Director of Financial Reporting will be responsible for reporting the spread business on the US Controllers Accounting team, preparing and reporting financial information for various stakeholders, and leading a team of accountants to implement best practices and process improvements.

Financial ServicesInsuranceRisk Management

No H1B

U.S. Citizen Only

Responsibilities

Lead team responsible for US GAAP and statutory quarterly/annual financial reporting process for the spread business within the US legal entities

Support the Company's external financial reporting that aligns with US GAAP, Statutory (including regulatory reporting) and Bermuda accounting requirements

Accountable for making sure accounting and reporting is in compliance with applicable accounting policies

Accountable for various spread based product blocks of business, including FIA, Funding Agreement, Structured Settlements, and other retail annuity products, including related intercompany cessions of certain business on a ModCo and/or Funds Withheld basis

Analyze and document quarterly earnings and other key financial variances, including STAT and GAAP management reporting analytics

Produce high caliber, executive ready, business review materials and analysis, including key performance indicators to clearly communicate results commentary and drive accountability

Lead special projects, including the implementation of new accounting standards and new transactions onboarding

Streamline processes and procedures to continually improve efficiency and controls

Interact with various internal and external stakeholders, including, but not limited to Talcott management, third-party administrators, and reinsurance partners

Review and approve required internal controls and maintain documentation of the controls as required

Perform review of ledger entries, account reconciliations, and internal control documentation

Participating in ad-hoc financial reporting needs and projects

Qualification

CPAFinancial ReportingAccounting StandardsReinsurance TransactionsMicrosoft ExcelPeopleSoft/OracleLeadership SkillsAnalytical SkillsCommunication SkillsProblem-Solving SkillsCollaboration SkillsOrganizational Skills

Required

Undergraduate degree in accounting and CPA or MBA required

15+ years of progressive accounting/finance experience in the financial services industry or auditing within a large life insurance company

Experience in accounting, financial reporting, audit, financial statement preparation & analysis

Experience with accounting for complex reinsurance transactions required

Ability to understand and analyze complex financial records and reports in a highly regulated environment

Mastery of accounting standards and experience with performing technical research

Ability to proactively identify, define, and resolve complex problems

Management experience and demonstrates strong leadership skills, guiding and reviewing work performed

Must be able to manage competing priorities, build relationships and work closely with a team in a fast-paced environment

Must be able to comfortably dig into the details and work collaboratively with the team to understand process mechanics as well as high-level technical theory of accounting processes and transactions

Strong collaboration skills, including the ability to influence outcomes within the team and across functions to achieve organizational goals in a dynamic environment

Strong organizational, analytical, and problem-solving skills with proven attention to details

Polished communication skills, both verbal and written, with the ability to articulate complex information to all levels and functions

Ability to understand leadership reporting needs and to creatively produce useful reports to meet those needs