Financial Reporting Specialist

    • Newark, NJ

The Long-term Care group seeks a skilled and highly motivated individual to become part of our team as a Reporting Specialist in the Long-Term Care Finance area. Based in Newark NJ, this position will report to a Manager of Financial Reporting supporting the Long-Term Care business. The successful candidate will coordinate various aspects of the financial reporting of results on a monthly, quarterly and annual basis. The financial reports are prepared based on both GAAP and Statutory guidelines. This area involves partnering with Actuarial, Planning and Analysis, Corporate Controllers and ALM Finance, as well as providing support to external and internal auditors for quarterly reviews and year-end audits. The position offers the candidate an excellent opportunity to develop and utilize their analytical skills, learn insurance accounting and actuarial concepts, and provides the opportunity to implement process improvements.

Job Responsibilities

  • Responsible for preparation of GAAP income statements and related management results package
  • Prepare the quarterly GAAP financial results for Senior Management and assist in developing insightful analytics to clearly convey the financial performance of the business as part of the Quarterly Results Review Package and Earnings Prep Package
  • Reporting and analyzing trends and variances within the various lines of the balance sheet and income statements collaborating with Actuarial, ALM Finance, Operations, and Planning and Analysis
  • Quarterly preparation and analysis of Statutory financial statements
  • Support quarterly/annual audits by Internal Auditors, as well as, Independent Auditors
  • Understand key business drivers, how they impact the business, and their financial implications
  • Prepare quarterly competitor analysis
  • Support the business in the implementation of new accounting principles/policies, including FASB's new Long-Duration Targeted Improvements standards.
  • Partner in the development of ad hoc presentations for Financial Management and the business group
  • Prepare necessary documentation to support the Sarbanes-Oxley and Model Audit Rule processes
  • Serve as a liaison between Finance and corporate partners, including ALM Finance, Actuarial, Planning and Analysis, and FACT
  • Opportunities to assist in developing financial forecasts on both a GAAP and Statutory basis

  • Bachelor's degree with a major in Accounting or Finance, with 2-3 years of relevant work experience
  • 2 years financial statement preparation and analysis preferred
  • CPA or pursuing CPA preferred
  • Experience managing multiple deliverables under tight deadlines
  • Ability to work independently as well as with others
  • High level of self-motivation
  • Excellent communication and analytical skills
  • Strong Excel and PowerPoint skills a plus
  • Experience providing finance support for a business a plus
Overtime required during peak hours.

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