Senior Finance Manager –Insurance Statutory Accounting

General Electric; Boston (MA); Remote; USD 124,000 - 180,000; Full time

Job summary

An established industry player is seeking a technical accounting specialist to ensure compliance and enhance operational excellence. This remote role involves guiding finance teams, managing internal controls, and leading projects to improve processes. The ideal candidate will possess a Master's degree and strong knowledge of insurance regulatory requirements. With a competitive salary and comprehensive benefits, this position offers a dynamic work environment focused on professional development and collaboration. Join a forward-thinking organization committed to diversity and inclusion.

Benefits

Medical Coverage

Dental Coverage

Vision Coverage

Employee Assistance Program

Retirement Plans with Company Matching

Tuition Assistance

Paid Parental Leave

Disability Insurance

Life Insurance

Paid Time Off

Qualifications

• Master's degree required; strong knowledge of insurance regulations.
• Experience with statutory financial statements and auditors.

Responsibilities

• Provide guidance on statutory accounting and regulatory requirements.
• Lead projects and communicate complex messages internally.

Skills

Statutory Accounting Knowledge

Insurance Regulatory Requirements

Technical Controllership

Problem Solving

Effective Communication

Education

Master's Degree

Job description

Job Description Summary

This role is for a specialist in technical, statutory insurance accounting at ERAC, Employers Reassurance Corporation, a corporate holding of GE Aerospace. We are a reinsurance company supporting long-term care insurance, structured settlements, life insurance, and other insurance products.

The successful candidate will be responsible for ensuring technical accounting compliance, managing financial and operational internal controls, simplifying processes, and achieving operational excellence to deliver accurate financial reporting and analysis. The role involves interpreting internal and external business challenges and recommending best practices to improve products, processes, or services. Staying informed of industry trends influencing the work is also essential. This position is available remotely anywhere in the US or at our Overland Park, KS location.

Roles and Responsibilities

1. Guidance and Compliance: Provide guidance to finance teams and the organization on statutory accounting, filings, and regulatory requirements. Assist with timely and compliant statutory filings.
2. Expertise Development: Grow expertise within the function, influence policy, and provide thought leadership, linking with other organizational functions.
3. Leadership in Projects: Lead or support projects with moderate complexity, such as NAIC’s Principles-Based Bond Definition and Group Capital Calculation, presenting solutions to leaders.
4. Communication and Negotiation: Communicate complex messages internally, influence peers, and negotiate with external partners or vendors.
5. Problem Solving: Lead creative solutions for complex problems, evaluate information quality, and utilize internal and external resources for decision-making.

Required Qualifications

• Master's degree from an accredited university or college
• Strong knowledge of statutory and insurance regulatory requirements
• Experience in technical controllership and the insurance industry, especially with Life & Health products
• Experience in preparing statutory financial statements and working with auditors

Desired Characteristics

• Ability to analyze facts and formulate technical accounting positions considering relevant guidance and practices
• Excellent communication skills and effective collaboration
• Quick learner with adaptability to company-specific processes

The salary range for this position is $124,500 to $180,000 annually, influenced by experience, education, and skills. The role is also eligible for an annual discretionary bonus or commissions. Benefits include medical, dental, vision, prescription coverage, a 24/7 nurse resource, Employee Assistance Program, retirement plans with company matching, tuition and adoption assistance, paid parental leave, disability and life insurance, and paid time off.

GE Aerospace offers a great work environment, professional development, and competitive compensation. We are an Equal Opportunity Employer committed to diversity and inclusion. Employment is contingent upon legal work authorization and successful completion of a drug screen. No relocation assistance is provided. This is a remote position.