Senior Accountant

Ameriprise Financial; Minneapolis (MN); Hybrid; USD 71,000 - 98,000; Full time

Job summary

Ameriprise Financial is seeking a Senior Accountant to develop and report ongoing accounting processes for Life Company products, ensuring GAAP compliance across ledgers and reconciliations. You will own balance sheet accounts, analyze variances, and partner with Finance and Client Service to drive accuracy and internal control improvements.

The position offers in-office collaboration with a hybrid work model, a base salary range of $71,300–$98,100 per year, and a comprehensive benefits program.

Qualifications

• Bachelor's degree in accounting or finance or equivalent experience.
• 3–5 years accounting experience including general ledger accounting, balance sheet reconciliations, account analysis, and financial reporting support.
• Ability to evaluate critical operational and financial problems and proactively apply action steps to resolve.
• Proficient with current desktop tools and Advanced Excel abilities.
• Excellent verbal and written communication skills.
• Ability to work alone and as part of a team.
• Experience with data analysis tools such as Access, Power BI, Alteryx, SQL.
• Annuity and Life Insurance Product knowledge.

Responsibilities

• Performs accounting processes for transactions per company policies and controls.
• Prepares journal entries, account analyses, and investigates unusual balances.
• Owns assigned balance sheet accounts and clears reconciling items.
• Collaborates with finance and client service to resolve variances.
• Drives process improvements to enhance reconciliation quality and efficiency.
• Identifies automation opportunities to reduce manual work.

Skills

Accounting proficiency

Excel proficiency

GAAP knowledge

Attention to detail

Communication skills

Team collaboration

Education

Bachelor's degree in accounting or finance

Tools

Access

Power BI

Alteryx

SQL

Job description

About Our CompanyWe’re a diversified financial services leader with more than $1.5 trillion in assets under management, administration and advisement as of year-end 2024. Our team of 22,000 people across 19 countries, serves more than 3.5 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses – Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.Job DescriptionAmeriprise Financial has an exciting opportunity for Senior Accountant role! The individual would be working with a talented team to develop and report ongoing accounting processes for Life Company products while adhering to GAAP (Generally Accepted Accounting Principles) and other governing agencies. Responsible for ensuring that various Ledgers and Records of the Life Company are properly accounted for and controlled. Responsible for monitoring and research of monthly reconciliations for Annuity and Life Insurance related transactions across all I&A platforms.Key ResponsibilitiesPerforms accounting processes for a variety of transactions in accordance with company policies, and internal control requirements. Prepares journal entries, account analysis, and investigates unusual balances or fluctuations.Owns assigned balance sheet accounts. Researches and clears outstanding reconciling items. Research may need to be done using various sources such as administration system reports or history screens, general ledger queries, or bank reconciliation files. Collaborates with other Finance and Client Service personnel to troubleshoot and resolve reconciling items. Provides an analytical review of monthly reconciliations to resolve variances and ensure appropriate controlsParticipates as a subject matter expert on business projects. Provides metrics to drive business changes and objectives.Drives continuous improvement initiatives to enhance reconciliation quality, operational efficiency, and internal controls. Identifies opportunities for automation, standardization, and reduction of manual processes while minimizing operational and financial risks.Required QualificationsBachelor’s degree in accounting or finance or equivalent experience3-5 years accounting experience including general ledger accounting, balance sheet reconciliations, account analysis, and financial reporting support..Ability to evaluate critical operational and financial problems and proactively apply action steps to resolveTimely research and resolution of balance sheet account variancesStrong attention to detail and ability to manipulate and draw conclusions from large data sets.Proficient with current desktop tools. Advanced Excel abilities (formulas, pivot tables, etc).Excellent verbal and written communication skillsAbility to work alone and as part of a team.Preferred QualificationsExperience with data analysis tools such as Access, Power BI, Alteryx, SQL, or similar reporting and analytics applications.Innovative forward thinking approach to structured and unstructured data collection and analysis.Ability to apply root cause analysis to obtain origination of critical operational and financial problems and proactively apply action steps to resolve.Experience with bank reconciliation processes.Annuity and Life Insurance Product knowledge.In-Office CollaborationWe are a client-centric, relationship-based business. Working together, in-person, is foundational to how we achieve results. By fostering a culture of face-to-face collaboration, idea sharing, productivity and personal connection, we deliver for our stakeholders — clients, advisors, employees and shareholders. Our employees work in the office at least four (4) days per week, with flexibility to work from home one (1) day per week. Some roles may require additional in-office time or different in-office expectations, and specific requirements will be discussed during the hiring process.Visa SponsorshipApplicants must have a valid work authorization that does not now, or in the future, require visa sponsorship for employment in the United States (e.g., H-1B, F-1 CPT, F-1 OPT, TN).Base Pay SalaryThe estimated base salary for this role is $71,300- $98,100/year. We have a pay-for-performance compensation philosophy. Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role. We also have a competitive and comprehensive benefits program that supports all aspects of your health and well-being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurances.Full-Time/Part-TimeFull timeExempt/Non-ExemptExemptJob Family GroupFinanceLine of BusinessFIN FinanceAmeriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, national origin, ancestry, age, physical or mental disability, medical condition, pregnancy, military status, veteran status, genetic information, citizenship, disability status, marital status, family status or any other basis prohibited by law.We are committed to fostering an inclusive and accessible recruitment process for individuals with disabilities. If you require a reasonable accommodation to participate in the application or interview process, speak to your recruiter to discuss how we can support you.