Accounting Manager (Hybrid in Worcester, MA)

Hanover Insurance Group, Inc.; Worcester, Northern (MA, KY); Hybrid; USD 110,000 - 150,000; Full time

Benefits offered by this job

Hybrid/flex work

Job summary

The Hanover Insurance Group, Inc. in Worcester, MA is seeking an Accounting Manager to lead the accounting and financial reporting functions in a hybrid work arrangement.

This exempt, full-time role focuses on GAAP and statutory reporting, internal controls, and process improvements across the finance team. You will mentor staff, partner with internal stakeholders, and drive accuracy, timeliness, and compliance across NAIC, SEC, SOX, and related policies, leveraging ERP and BI tools to optimize

Qualifications

• Minimum 5-8 years of progressive accounting and financial reporting experience.
• CPA, MBA, or Master's degree in Accounting strongly preferred.
• Experience with SAP, NAIC, GAAP, SEC, and statutory accounting principles strongly preferred.

Responsibilities

• Lead core accounting and reporting processes ensuring timely close and accurate journal entries.
• Oversee regulatory filings and internal controls in accordance with NAIC, SEC, and SOX requirements.
• Partner with internal and external auditors during audits and examinations.
• Drive process improvements and automation within the accounting function.
• Mentor and develop accounting staff to strengthen talent and performance.

Skills

Leadership

Analytical thinking

Collaboration

Process improvement

Digital mindset

Education

Bachelor's degree in Accounting or Finance

CPA or MBA preferred

Tools

SAP

PeopleSoft

Oracle

Essbase

Hyperion

Power BI

Job description

Our Finance team is currently seeking an Accounting Manager in our Worcester, MA location. Position is eligible for Hybrid/Flex work arrangement. This is a full-time, exempt role.

POSITION OVERVIEW:

Responsible for managing all day-to-day accounting team functions, internal controls and quality assurance processes, and monthly/quarterly/annual internal and external GAAP and statutory reporting. This role oversees accurate and timely preparation, review, and analysis of financial information, regulatory filings, internal controls, and disclosures while ensuring compliance with NAIC, SEC, SOX, and company accounting policies. Requires expertise in specialized programs accounting including reinsurance and ensuring all team members are proficient as well. Requires strong team building skills including the ability to motivate, retain and development talent. Responsible for continuous review and improvement of accounting processes, effectively leveraging modern technologies, managing unanticipated situations and problem solving. Requires significant collaboration and communication with management and staff throughout the company, including reinsurance operations/billing, information technology operations and business analysts, P&C accounting, finance, actuarial, HR, and internal and external auditors.

IN THIS ROLE, YOU WILL:

Responsibilities / Essential Functions

Core Accounting & Reporting

• Serve as subject matter expert and point person for all accounting, systems and reporting matters. This individual must be able to analyze, review and evaluate financial statement data flows and relevant key controls and to solve issues and any significant variances when they emerge. This includes being able to obtain a strong understanding and full view of the critical financial reporting data path: from front-end inputs, through system-to-system feeds, to back-end conversion to automated and manual journal entries, and to the final reporting deliverables.
• Manage day-to-day accounting operations, internal controls, and quality assurance activities, including routine and non-routine reporting deliverables as well as ad-hoc projects.
• Oversee monthly, quarterly, and annual close processes and ensure timely reporting deliverables.
• Review and approve complex journal entries, reconciliations, and supporting workpapers.
• Prepare, review and analyze financial results, investigate variances, and resolve reporting issues.

Insurance-Specific Accounting

• Oversee accounting and reporting activities supporting SAP, GAAP, and SEC requirements, as applicable.
• Support NAIC reporting, regulatory filings, and insurance industry financial reporting requirements, as applicable.
• Serve as subject matter expert for insurance accounting transactions, related systems, and reporting matters.

Financial Reporting & Compliance

• Ensure compliance with SOX, SEC, NAIC, SAP, GAAP, and company policies, as applicable.
• Partner with internal and external auditors during audits and regulatory examinations.
• Research, document, and implement new accounting guidance and reporting requirements.
• Maintain and enhance internal control documentation and testing activities.

Process Improvement & Technology

• Lead process improvement and automation initiatives driven by strong understanding of end-to-end financial statement data flows, systems and financial reporting outputs.
• Experience working with enterprise general ledger systems, such as PeopleSoft General Ledger, Oracle Financials, or equivalent ERP platforms, as well as other financial reporting tools, including Hyperion Essbase, Power BI, or similar tools.
• Identify technology opportunities and develop accounting/reporting solutions.

Leadership, Collaboration & Business Partnership

• Lead, mentor, develop, and evaluate accounting staff.
• Establish team priorities, allocate resources, and monitor performance.
• Collaborate with operations, IT, actuarial, finance, HR, and management teams.
• Involves others to leverage additional knowledge or skills that lead to increased understanding. Obtains shared commitment to the improvement or success of an event or project.
• Communicate complex accounting matters and recommendations to senior leadership building support, agreement and commitment.

Required Skills, Key Success Factors, and Experience

Required Experience & Qualifications

• Minimum 5-8 years of progressive accounting and financial reporting experience.
• Insurance accounting, public accounting, or a combination thereof preferred.
• Bachelor's degree in Accounting or Finance required.
• CPA, MBA, or Master's degree in Accounting strongly preferred.
• Experience with SAP, NAIC, GAAP, SEC, and statutory accounting principles strongly preferred.
• Experience with financial reporting and ERP systems including PeopleSoft, Oracle, SAP, Essbase, Hyperion, Power BI, or similar tools.
• Ability to work independently, manage multiple priorities, and meet deadlines.

Leadership & Talent Development

• Builds high-performing teams through coaching, mentoring, and development while fostering a culture of technical excellence.
• Effectively recruits, retains, and develops talent.
• Promotes accountability, collaboration, and continuous improvement.

Learning Agility & Digital Mindset

• Demonstrates curiosity and adaptability in a rapidly evolving finance environment
• Continuously developing technical accounting, analytical, and digital skills

Analytical Thinking & Business Insight

• Analyzes complex financial data and reporting processes.
• Identifies issues, evaluates alternatives, and develops practical solutions.
• Connects accounting outcomes to business performance and risk management.

Collaboration & Influencing

• Build strong partnerships across departments and stakeholders.
• Communicates effectively and gains commitment to initiatives and decisions.

Initiative & Continuous Improvement

• Proactively identifies risks, opportunities, and process enhancements.
• Drives automation, efficiency, and reporting improvements.