Reinsurance Accounting Manager (Hybrid in Worcester, MA)

Hanover Insurance Group, Inc.; Worcester (MA); Hybrid; USD 120,000 - 165,000; Full time

Job summary

Hanover Insurance Group, Inc. in Worcester, MA seeks a Reinsurance Accounting Manager to lead the reinsurance accounting team, manage close cycles, ensure GAAP/SEC and statutory reporting, and drive process improvements.

The role emphasizes internal controls, regulatory compliance, and collaboration across finance, IT, and actuarial teams. The ideal candidate will bring 5–8 years of accounting and insurance experience, strong ERP and reporting tool expertise, and proven leadership to recruit,

Qualifications

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

Responsibilities

• Lead reinsurance accounting, systems, and reporting matters as expert.
• Manage day-to-day accounting operations, controls, and QA activities.
• Oversee monthly, quarterly, and annual close processes and reporting.
• Review complex journal entries, reconciliations, and workpapers.
• Prepare and analyze financial results, investigate variances, resolve issues.

Skills

Reinsurance accounting

GAAP knowledge

Attention to detail

Leadership

ERP systems

Compliance

Education

Bachelor's in Accounting/Finance

CPA/MBA preferred

Tools

SAP

PeopleSoft

Oracle Financials

Hyperion Essbase

Power BI

Job description

Our Finance team is currently seeking a Reinsurance 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 reinsurance accounting team functions, internal controls and quality assurance processes, and monthly/quarterly/annual internal and external GAAP/SEC and statutory reinsurance 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 using the reinsurance accounting system (ReinsurancePro) and ensuring all team members are proficient as well. Requires strong team building skills including the ability to effectively recruit, train, 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 and consolidated reporting, Hanover Programs 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 reinsurance 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.

WHAT YOU NEED TO APPLY:

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.

This job posting provides cursory examples of some of the job duties associated with this position. The examples provided are not complete, and the position may entail other essential and job-related functions and responsibilities that employees will be required to perform.