Senior Accounting Manager - Insurance

Senior Accounting Manager – Insurance (PR/602932) New York, New York

Salary: USD
135000 - USD
150000 per year

Key Duties

• Lead monthly, quarterly, and annual close processes, including complex journal entries, reconciliations, and financial analysis
• Oversee accounting and financial reporting for insurance operations, ensuring accuracy and compliance with applicable accounting standards
• Partner with actuarial and underwriting teams to evaluate reserve adequacy and analyze loss trends
• Establish and maintain a strong internal control and risk management framework
• Ensure compliance with GAAP and applicable regulatory requirements for financial and tax reporting
• Manage carrier and third-party reporting requirements
• Oversee accounting for premiums, claims activity, insurer settlements, and related insurance transactions
• Oversee cash management, trust accounts, and insurer reconciliation processes
• Analyze financial performance against budget and forecast, providing variance analysis and actionable insights
• Provide financial analysis on business unit performance, including revenue, expenses, profitability, and cash flow drivers
• Lead and develop the accounting team, fostering accountability and operational excellence
• Collaborate cross-functionally with finance, operations, legal, compliance, and other business partners
• Support internal and external audits, regulatory reporting, and compliance initiatives
• Drive system enhancements, process improvements, and operational efficiency initiatives
• Partner with senior accounting leadership to identify and implement process improvements
• Manage special projects and executive-level financial analyses

Qualifications

• Bachelor’s degree in Accounting, Finance, or a related field
• 5+ years of progressive accounting or finance experience within the insurance industry
• Strong knowledge of insurance accounting principles, financial reporting, and US GAAP
• Experience leading and developing accounting teams
• Extensive account reconciliation and full-cycle accounting experience
• Demonstrated ability to analyze financial information and exercise sound business judgment
• Ability to thrive in fast-paced or ambiguous environments while driving process improvements
• Proven ability to partner effectively with cross-functional stakeholders
• Strong written, verbal, and analytical communication skills
• Advanced Microsoft Excel skills, including Pivot Tables and VLOOKUPs, along with proficiency in Microsoft Office Suite

Preferred Experience

• Experience working within insurance carriers, MGAs, TPAs, or similar insurance organizations
• Strong understanding of insurance products, premiums, commissions, trust accounting, and insurer reporting
• Experience partnering with actuarial teams on reserve analyses and methodologies
• Experience with Workday, Black Line, or similar financial systems
• Experience supporting specialty insurance or warranty-related programs