Sr. Associate Accounting & Finance Job Newark area,New Jersey USA,Accounting

MSIG USA continues to grow!

Company OverviewMSIG 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.
Senior Associate – Accounting & Finance Mitsui Sumitomo Insurance Group USA (MSIG USA)
About MSIG USAMSIG USA is the U.S.

-based subsidiary of MS&AD Insurance Group Holdings, Inc., a global property and casualty insurance organization. MSIG USA combines financial strength, technical expertise, and an international perspective to deliver commercial insurance solutions while fostering a collaborative environment in which employees can grow and contribute.
Position SummaryMSIG USA is seeking a Senior Associate to support investment accounting, insurance operations, and financial reporting activities within its Finance organization. The successful candidate will bring three to five 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 investment accounting activities, including journal entries, reconciliations, roll-forwards, and financial statement support.
Support accounting for fixed-income securities, equities, short-term investments, realized and unrealized gains and losses, investment income, impairments, and related transactions.
Prepare and review investment-related schedules and disclosures for U.S. NAIC statutory and IFRS reporting.
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, investment 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.
Perform monthly lease accounting reporting
Perform ad hoc analyses and participate in Finance projects and system implementations.
Continuous improvement mindset.

Required Qualifications

Bachelor’s degree in Accounting, Finance, or a related field.
Three to five years of accounting experience within the insurance industry, preferably in property and casualty
Experience applying U.S. NAIC statutory accounting principles (yellow books) and U.S. GAAP.
Investment accounting experience, including reconciliations, close activities, and financial or regulatory reporting.
Understanding of insurance operations and the flow of transactions from source systems to the general ledger and financial statements for direct, assumed, and ceded business.
Strong analytical, organizational, and problem-solving skills, with careful attention to…