Financial Analyst

Overview

At Banner Life, family of companies, we aim to make a positive difference in the lives of our customers, partners, colleagues, and the communities in which they live. As a recognized market leader of term life insurance, we are working to transform our business through innovation and technology to provide products and solutions that help American families secure their financial futures.

We are a future-focused company, passionate about what we do and how we do it. This means working with pace and energy to reach our goals and challenging ourselves to achieve more. We strive to create a unique environment where balance between work and life is possible. Our employees' passion, dedication, and hard work, as well as our career development opportunities, benefits, and employee activities contribute to our positive workplace culture.

The Financial Analyst will prepare timely and accurate monthly, quarterly, and annual financial statements on US statutory, International, and/or Bermuda statutory accounting bases. Prepare detailed IFRS consolidations, analysis and reporting for the corporate holding company. Prepare high-level and detailed analysis of financial statements and subcomponents, particularly against plan and forecasts.

• Prepare research and analysis of financial operations and review these findings under the applicable basis of accounting.
• Prepare monthly, quarterly, and annual financial statements and analysis under three possible bases of accounting:
  United States statutory, International Financial Reporting Standards, and/or Bermuda statutory.
• Prepare position papers for new or newly relevant United States statutory and/or international accounting standards. Assist with implementation of changes in policies and procedures as a result of findings, as necessary.
• Prepare position papers for capital solutions under United States statutory and/or international accounting standards. Assist with implementation of changes in policies and procedures as a result of findings, as necessary.
• Prepare required monthly and/or ad hoc reporting, including monthly solvency reports, advanced forecasting, debt reporting, subsidiary valuation reports, and other requested reports, as necessary.
• Prepare US and Bermuda statutory capital forecasting requirements reports.
• Complete special tasks and projects as assigned.
• Prepare monthly, quarterly, and annual financial statement exhibits and analysis on US statutory and IFRS consolidated bases of accounting.
• Prepare responses to internal and external audit and actuarial consultant requests and operating entity financial statements and internal controls.
• Coordinate year-end state filing process, including coordination of premium tax return filings.
• Prepare employee benefit plan financial statements and form 5500 filings. Respond to audit and outside actuarial consultant requests.
• Prepare monthly allocation of intercompany corporate expenses/services among entities.
• Research aspects of accounting as requested by management regarding acquisition opportunities.

Education

BS in Accounting or equivalent four-year college degree

CPA

Experience/Knowledge

1-3 years cumulative relevant accounting experience

Public accounting experience preferred

Financial statement preparation or audit background

Insurance industry accounting experience preferred

Skills

Communication - written & oral

Analytical thought process

Facility with software reflecting technical requirements of position

The expected hiring compensation range for this position is $80,800 - $111,100 annually. This is a hybrid opportunity working in Frederick, MD.

The total compensation package for this position may include other elements, such as a sign-on bonus, long term incentives, and annual bonuses. This role is eligible to participate in the Annual Incentive Plan. The current target payment for the position is 8% of base salary, modified for corporate and individual performance. Bonuses are pro-rated based on start date. This role has 15 vacation days and 10 sick days that are accrued on a bi-weekly basis.

Employees also have 9 paid holidays throughout the calendar year.

We have…