Sr. Associate Accounting & Finance

MSIG USA; Warren Township (IA); On-site; USD 125,000 - 155,000; Full time

Benefits offered by this job

Health benefits

401(k) with match

Disability insurance

Paid time off

Tuition reimbursement

Job summary

MSIG USA is seeking a Senior Associate to support investment accounting, insurance operations, and financial reporting within its Finance organization. 3–5 years of P&C accounting experience with NAIC and GAAP knowledge are required, IFRS a plus.

You will collaborate across Finance, Investments, Actuarial, and Operations to ensure accurate financial reporting. The role emphasizes strong analytical skills, attention to detail, and the ability to work on multiple priorities while maintaining

Qualifications

• Three to five years of accounting experience in the insurance industry (P&C)
• Experience applying U.S. NAIC statutory accounting principles (yellowbooks) and U.S. GAAP
• Investment accounting experience including reconciliations and financial/reporting activities
• Understanding of insurance operations and the flow of transactions to the GL and financial statements
• CPA designation or progress toward CPA is a plus

Responsibilities

• Perform monthly, quarterly, and annual investment accounting activities with journal entries, reconciliations, and roll-forwards
• Support accounting for fixed-income securities, equities, and investment income/impairments
• Prepare investment-related schedules and disclosures for NAIC statutory and IFRS reporting
• Assist with statutory financial statements, regulatory schedules, and management reporting
• Analyze GL balances and resolve differences across systems
• Collaborate with Investment, Treasury, Actuarial, Tax, and Operations teams
• Assist with audits, regulatory examinations, and documentation
• Maintain internal controls and drive process improvements
• Research accounting issues and assess impact of new guidance
• Perform monthly lease accounting reporting
• Participate in Finance projects and system implementations
• Demonstrate continuous improvement mindset

Skills

Analytical skills

Attention to detail

Communication

Excel proficiency

Multitasking

Education

Bachelor’s degree in Accounting, Finance, or related field

Tools

Microsoft Excel

General ledger systems

Job description

MSIG USA continues to grow!

Company Overview

MSIG USA is the U.S.-based subsidiary of MS&AD Insurance Group Holdings, Inc., a global property and casualty insurance organization. MSIG USA combines financial strength, technical expertise, and an international perspective to deliver commercial insurance solutions while fostering a collaborative environment in which employees can grow and contribute.

Mitsui Sumitomo Insurance Group USA (MSIG USA)

About MSIG USA

MSIG USA is the U.S.-based subsidiary of MS&AD Insurance Group Holdings, Inc., a global property and casualty insurance organization. MSIG USA combines financial strength, technical expertise, and an international perspective to deliver commercial insurance solutions while fostering a collaborative environment in which employees can grow and contribute.

Position Summary

MSIG USA is seeking a Senior Associate to support investment accounting, insurance operations, and financial reporting activities within its Finance organization. The successful candidate will bring three to five years of property and casualty insurance accounting experience, including working knowledge of U.S. NAIC statutory accounting principles and U.S. GAAP. Experience with IFRS is a plus. This role requires strong analytical skills, attention to detail, and the ability to collaborate across Finance, Investments, Actuarial, Operations, FP&A, and other business functions.

Key Responsibilities

• Perform monthly, quarterly, and annual investment accounting activities, including journal entries, reconciliations, roll-forwards, and financial statement support.
• Support accounting for fixed-income securities, equities, short-term investments, realized and unrealized gains and losses, investment income, impairments, and related transactions.
• Prepare and review investment-related schedules and disclosures for U.S. NAIC statutory and IFRS reporting.
• Support operational accounting processes involving premiums, claims, reserves, commissions, receivables, payables, and intercompany transactions, as assigned.
• Assist with statutory financial statements, regulatory schedules, management reporting, and supporting documentation.
• Analyze general ledger balances and resolve differences among the general ledger, investment accounting records, custodial statements, and other source systems.
• Partner with Investment, Treasury, Actuarial, Tax, Reinsurance, and insurance operations teams to ensure complete and accurate accounting for business activity.
• Assist with internal and external audits, regulatory examinations, and requests for supporting documentation.
• Maintain effective internal controls and contribute to process improvements, automation, documentation, and data‑quality initiatives.
• Research accounting issues and help assess the impact of new statutory, U.S. GAAP, and, where applicable, IFRS guidance.
• Perform monthly lease accounting reporting
• Perform ad hoc analyses and participate in Finance projects and system implementations.
• Continuous improvement mindset.

Required Qualifications

• Bachelor’s degree in Accounting, Finance, or a related field.
• Three to five years of accounting experience within the insurance industry, preferably in property and casualty
• Experience applying U.S. NAIC statutory accounting principles (yellowbooks) and U.S. GAAP.
• Investment accounting experience, including reconciliations, close activities, and financial or regulatory reporting.
• Understanding of insurance operations and the flow of transactions from source systems to the general ledger and financial statements for direct, assumed, and ceded business.
• Strong analytical, organizational, and problem‑solving skills, with careful attention to detail.
• Ability to manage multiple priorities, meet deadlines, and communicate effectively with colleagues at different levels of the organization.
• Proficiency in Microsoft Excel and experience working with general ledger, investment accounting, or financial reporting systems.

Preferred Qualifications

• Experience with IFRS reporting or reconciliation between IFRS, U.S. GAAP, and statutory bases of accounting.
• Experience with investment accounting platforms, data tools, financial reporting applications, and Microsoft Copilot.
• Knowledge of internal control frameworks and experience supporting audits or regulatory examinations.
• Experience with managing general agent (MGA) accounting.
• Experience in a multi-entity or international insurance organization including foreign exchange.
• Experience with working with offshore staff.
• CPA designation or progress toward CPA certification.

#Li-hybrid

Salary Range $125,000 to $155,000. Salary determinations are based on various factors, including but not limited to, relevant work experience, skills, certifications and location.

Additional Benefits:

• Healthcare and Retirement Benefits
• Comprehensive medical, dental, and vision coverage
• 401(k) with a generous employer match and profit‑sharing contribution
• Wellness incentive program
• Life and accidental death and dismemberment (AD&D) insurance
• Flexible spending programs
• Short-term and long‑term disability plans

Additional Benefit Programs

• Paid time off program
• Paid charitable leave
• Paid parental leave
• Tuition reimbursement program
• Personal insurance (auto/homeowners) discounts

Core Competencies

• Accounting and financial reporting knowledge
• Analytical thinking and sound judgment
• Accuracy and attention to detail
• Ownership and accountability
• Collaboration and clear communication

It’s an exciting time for our company and a great opportunity to join a financially sound and growing global insurance group!

It is the policy of MSIG USA to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, MSIG USA will provide reasonable accommodations for qualified individuals with disabilities.