RSM US LLP · 3 hours ago
Financial Consulting Senior Associate - Insurance Accounting
RSM US LLP is a leading provider of professional services to the middle market globally, seeking a Senior Associate to support clients in insurance and investment accounting. The role involves managing accounting operations for insurance companies, ensuring compliance with GAAP and STAT, and providing high-quality client service.
AccountingConsultingFinancial Services
Responsibilities
Utilizing intermediate knowledge of complex accounting concepts to assist insurance clients with its accounting and finance operations, including reinsurance, LDTI, audit readiness, claims and reserves, and revenue recognition
Prepare and review GAAP and STAT financial statements, schedules, and reports to ensure compliance with regulatory standards
Provide timely, high quality client service that meets or exceeds client expectations including coordinating the development and execution of the consulting work plan and client deliverables
Collaborate directly with firm specialists/subject matter experts on complex accounting matters
Collaborate directly with the engagement manager and partner and the client
Actively participate with engagement team and function as an in-charge facilitating field work by monitoring and reporting regarding productivity and adherence to work plan schedules on each assignment
Perform detailed investment accounting tasks for various asset classes, including fixed income, equities, derivatives, real estate investments, private placements, commercial mortgage loans, and alternative investments
Utilize investment accounting system for recording, monitoring, and reporting investment activity
Collaborate with internal and external stakeholders to provide expert guidance on investment accounting and regulatory reporting requirements
Conduct variance analysis, financial reporting analysis, and other ad hoc analyses to support client decision-making
Stay updated on regulatory changes and industry trends impacting investment accounting and insurance companies as a whole
Technical proficiency and willingness to learn on various technical accounting topics
Qualification
Required
Bachelor's degree in Accounting, Finance, or a related field
Minimum of 3 years of experience in investment accounting, preferably in the insurance industry
Strong knowledge of GAAP and STAT principles, with a focus on investment accounting
Proficiency in Microsoft Excel and other financial analysis tools
Excellent communication and interpersonal skills, with a client-focused mindset
Ability to manage multiple priorities in a fast-paced environment and meet deadlines
Strong analytical and problem-solving skills, with keen attention to detail
Willingness to travel up to 3 months a year
Preferred
CPA or equivalent designation preferred
Experience with Investment accounting systems (Clearwater, Aladdin Accounting, PAM, others) is highly desirable
Benefits
Discretionary bonus based on firm and individual performance
Company
RSM US LLP
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Funding
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