Assistant Manager, Financial Reporting

## Assistant Manager, Financial Reporting Apply:
Hybrid:
NJ-Warren:
Full time:
Posted Today:
JR-001101

MSIG USA continues to grow!
** Company Overview:
** MSIG USA is the US-based subsidiary of MS&AD Insurance Group Holdings, Inc., one of the world’s top P&C carriers and a global Class 15 insurer, with A+ ratings and a reach that spans 40+ countries and regions. Leveraging our 350-year heritage, MSIG USA brings the financial strength, expertise, and global footprint to offer commercial insurance solutions that address your business’s unique risks.
** Position Summary
** MSIG USA is seeking an Assistant Manager – Financial Reporting to support accounting, insurance operations, and financial reporting activities within its Finance organization. The successful candidate will bring five to seven years of property and casualty insurance accounting experience, including working knowledge of U.S. NAIC statutory accounting principles and U.S. GAAP.

Experience with IFRS is a plus. This role requires strong analytical skills, attention to detail, and the ability to collaborate across Finance, Investments, Actuarial, Operations, FP&A, and other business functions.  
** Key Responsibilities
*** Perform monthly, quarterly, and annual accounting activities, including journal entries, reconciliations, roll-forwards, and financial statement support.
* Prepare and review quarterly consolidation-related journal entries, including goodwill and intangible asset amortization, deferred salary allocations, and other corporate accounting adjustments.
Partner with Finance, Premium Accounting, Reinsurance, Actuarial, and external stakeholders to ensure accurate and timely financial reporting.
* Monitor intercompany balances and eliminations across the insurance group and resolve out-of-balance conditions prior to close and consolidation.
* Calculate and record noncontrolling interest activity.
* Prepare and review equity method accounting and equity pickup entries for parent and affiliated entities.
* Prepare standalone financial statements for holding companies, including Balance Sheet, Income Statement, Cash Flow Statement, and Statement of Shareholders’ Equity.
* Prepare and record manual journal entries for as needed for premiums, commissions, losses, IBNR, and reinsurance transactions within the general ledger.
* Support operational accounting processes involving premiums, claims, reserves, commissions, receivables, payables, and intercompany transactions, as assigned.
* Assist with statutory financial statements, regulatory schedules, management reporting, and supporting documentation.
* Analyze general ledger balances and resolve differences among the general ledger, accounting records, custodial statements, and other source systems.
* Partner with Investment, Treasury, Actuarial, Tax, Reinsurance, and insurance operations teams to ensure complete and accurate accounting for business activity.
* Assist with internal and external audits, regulatory examinations, and requests for supporting documentation.
* Maintain effective internal controls and contribute to process improvements, automation, documentation, and data-quality initiatives.
* Research accounting issues and help assess the impact of new statutory, U.S. GAAP, and, where applicable, IFRS guidance.
* For newly acquired or incorporated entities, work with Controller to build out subsidiary reporting processes and incorporate new companies into the group consolidation process.
* Perform ad hoc analyses and participate in Finance projects and system implementations.
** Required Qualifications
*** Bachelor’s degree in Accounting, Finance, or a related field.
* Five to seven years of accounting experience within the insurance industry, preferably in property and casualty
*…