Senior Accounting Analyst

PML Penn Mutual Life Insurance Company; Philadelphia (Philadelphia County); Hybrid; USD 85,000 - 100,000; Full time

Job summary

Penn Mutual Life Insurance Company is seeking a Senior Accounting Analyst to manage accounting functions for HTK and 1847Financial, collaborating with Penn Mutual's financial management teams during ledger closings.

The role covers accounting, financial reporting and analysis with moderate guidance, applying GAAP and regulatory knowledge, and contributing to audit support and process improvements. Hybrid work arrangement offered.

Qualifications

• Bachelor's degree in accounting or finance; or equivalent master's degree
• Required CPA designation is preferred
• 2-5 years of related experience
• Experience in life insurance or financial services industry preferred
• Brokerage firm experience strongly preferred

Responsibilities

• Prepares journal vouchers and accounting classifications, and complete associated account reconciliations
• Participates in processes to ensure accuracy and completeness of financial records
• Prepares and analyzes internal and external ad hoc financial requests
• Interprets financial data and/or results for users and may offer recommendations to management
• Supports internal and external audit requests
• Provides information to support Management, Regulatory, and GAAP reporting
• Keeps apprised of regulatory landscape and informs management of potential impacts
• Documents business processes and identify controls and deficiencies in processes
• Identifies, recommends and implements ongoing process improvements
• Applies accounting knowledge to quarterly accruals for insurance companies
• Performs intercompany accounting and reconciliations between Penn Mutual and affiliates
• Handles statutory and GAAP consolidation
• Completes regulatory financial filings quarterly and annually
• Completes state filings as required
• Maintains checklists for filing requirements
• Participates on project teams
• Complies with policies and procedures
• Stays current in profession and industry trends
• Completes regulatory and training requirements
• Performs other duties and special projects
• Demonstrates AI fluency to enhance performance and decision-making

Skills

Pivot Tables

Advanced Formulas

Communication Skills

Critical Thinking

Attention to Detail

Multi-tasking

Team Collaboration

Problem Solving

Process Improvement

Education

Bachelor's in Accounting/Finance

CPA Preferred

Job description

Job Description: The Senior Accounting Analyst will manage accounting functions for both HTK and 1847Financial to streamline process, working closely with Penn Mutual's financial management teams during ledger closings. They will perform finance functions including, but not limited to accounting, financial reporting, or analysis with moderate instruction or guidance. In this role, you will utilize general accounting and financial principles and techniques to support various activities within and outside of financial management covering moderately difficult assignments with diverse scope. We've embraced a flexible, hybrid approach to work. Based on your role and personal preference, we empower you to choose where you work best. This model allows you to balance your life and bring your whole self to work.

Responsibilities

• Prepares journal vouchers and accounting classifications, and complete associated account reconciliations
• Participates in processes to ensure accuracy and completeness of financial records
• Prepares and analyzes internal and external ad hoc financial requests
• Interprets financial data and/or results for users and may offer recommendations to management
• Supports internal and external audit requests
• Provides information to support Management, Regulatory, and GAAP reporting
• Keeps apprised of the changing accounting and regulatory landscape through research of technical guidance; assists in documenting and informing management of potential impacts
• Documents business processes and identify controls and deficiencies in business processes
• Identifies, recommends and implements ongoing process improvements
• Applies accounting knowledge to complete: Quarterly accruals for insurance companies
• Intercompany accounting and reconciliations between Penn Mutual and affiliates
• Statutory and GAAP consolidation
• Completes regulatory financial filings on a quarterly basis
• Completes annual filings, including "Blue Books" and regulatory filings
• Completes state filings as required throughout the year
• Oversees the maintenance of comprehensive checklists encompassing all insurance entities for various filing requirements
• Participates on project teams
• Complies with all company and site policies and procedures
• Remains current in profession and industry trends
• Successfully completes regulatory and job training requirements
• Performs various other related duties, assignments and special projects as assigned
• Demonstrates a commitment to AI fluency by embracing AI tools and technologies to enhance individual and team performance, decision-making, and innovation

Skills and Abilities

• Strong data analysis skills including the ability to work with pivot tables, advanced formulas and modeling
• Ability to effectively communicate and present information (written and verbal) clearly, consistently and accurately
• Strong critical thinking and problem solving skills
• Must be detail-oriented and be able to handle multiple tasks/projects as well as exercise initiative and follow-through to meet deadlines
• Ability to work collaboratively in a team environment
• Ability to make a positive contribution as demonstrated by learning new skills and making suggestions for process/procedure improvement
• Ability to work with others in a collaborative team environment

Education

Bachelor's Degree in accounting or finance; or equivalent master's degree

Required and CPA designation is Preferred

Experience

• 2-5 years of related experience
• Required and Experience working in the life insurance industry or other financial services industry
• Required Experience working for a brokerage firm strongly preferred

Base Salary Range: $85,000 - $100,000

For over 175 years, Penn Mutual has empowered individuals, families and businesses on the journey to achieve their financial goals. Through our partnership with Financial Professionals across the U.S., we help instill the confidence and reliability that comes from a stronger financial future. Penn Mutual and its affiliates offer a comprehensive suite of competitive products and services to meet the unique needs of Financial Professionals and their clients, including life insurance, annuities, wealth management and institutional asset management. To learn more, including current financial strength ratings, visit www.pennmutual.com.

Penn Mutual is committed to Equal Employment Opportunity (EEO). We provide employment and advancement opportunities to all qualified applicants and associates, according to applicable laws. This is reflected in our practices for hiring, placement, promotion, transfer, demotion, layoff, termination, recruitment, compensation, selection or training, and all other terms and conditions of employment. All employment-related decisions and practices are free from unlawful discrimination. This includes: race, creed, color, national origin, ancestry, citizenship age, gender (including pregnancy), sexual orientation, gender identity or expression, domestic partnership or civil union status, marital status, genetic information, disability, religious observance or practice, liability, veteran status or any other classification protected under applicable law.

You’ve got big plans. You want to do work that matters. And you have high expectations for the next step in your career. Join a team of bright, talented and driven employees who have a common goal in mind: To help people get stronger. It's as simple as that. You’ll build on your expertise and have a positive impact on the financial professionals we support and the clients they serve. Here, you're an expert in the subject matter and you'll always be treated like one. Every day, your purpose is to help people get stronger. But here's the thing: Professionally, you'll get stronger too.