Sr. Financial Reporting Accountant I

Trustmark; Chicago (IL); On-site; USD 72,000 - 103,000; Full time

Benefits offered by this job

Health/dental/vision

Life insurance

401(k) plan

Employee Assistance Program

Wellness program

Job summary

Trustmark, based in Lake Forest, IL, seeks a financial reporting professional responsible for preparing internal, external, and regulatory reports on a statutory and GAAP basis. You will consolidate data from business units, analyze trends, and ensure accuracy and compliance with accounting standards.

You will coordinate with internal and external auditors, perform variance analyses, and assist with statutory filings and surveys.

Qualifications

• Bachelor’s degree or 4–6 years of related experience.
• Experience with statutory and GAAP reporting.
• Ability to consolidate data from multiple units.

Responsibilities

• Statutory reporting for quarterly and annual filings and complex schedules.
• Prepare GAAP financial statements and consolidate non-insurance entities.
• Support audits with documentation and explanations.
• Perform variance analyses and ensure accuracy of reports.
• Prepare surveys for AMBEST, ACLI, US Census, and others.
• Handle complex STAT filings and related disclosures.

Skills

Financial reporting

GAAP knowledge

Audit coordination

Variance analysis

Regulatory reporting

Education

Bachelor’s Degree

Tools

Excel

Job description

Trustmark’s mission is to improve wellbeing – for everyone. It is a mission grounded in a belief in equality and born from our caring culture. It is a culture we can only realize by building trust. Trust established by ensuring associates feel respected, valued and heard. At Trustmark, you’ll work collaboratively to transform lives and help people, communities and businesses thrive. Flourish in a culture of diversity and inclusion where appreciation, mutual respect and trust are constants, not just for our customers but for ourselves. At Trustmark, we have a commitment to welcoming people, no matter their background, identity or experience, to a workplace where they feel safe being their whole, authentic selves. A workplace made up of diverse, empowered individuals that allows ideas to thrive and enables us to bring the best to our colleagues, clients and communities.

About The Role

Responsible for preparing internal, external, and regulatory reports related to financial statements on a statutory and GAAP basis. Works closely with financial data, ensuring accuracy and compliance with relevant accounting standards. Analyze financial statements and reports to identify trends, variances, and key performance indicators. Consolidates financial data from various business units to present a comprehensive view of the organization's financial position. Ensures compliance with applicable accounting standards (e.g., GAAP or STAT) and regulatory requirements. Assists external auditors as needed.

Key Accountabilities

• Statutory Reporting: Completes more complex quarterly and annual statutory filings. For all NAIC filings, accountable for the more voluminous and complex schedules, exhibits and Notes. Identifies, initiates, tests and implements process improvements to make more efficient.
• GAAP Accounting and Reporting: Prepares and consolidates quarterly and annual financial statements for the non-insurance entities. Maintains and communicates configuration changes. Reconciles GAAP financial statements and maintains Excel GAAP financial statements. Prepares Trustco Statement of Cash Flows quarterly. Completes D&T Codification Accounting and Disclosure checklist for the noninsurance companies and all requests needed for all audited financial statements. Researches GAAP pronouncements to determine impact on Trustmark financials. Coordinates with internal and external auditors during audits, providing necessary documentation and explanations.
• Audited Financial Statements: Prepares GAAP and aids with all other insurance legal entity audit reports as needed. Compile data, ensuring completeness and accuracy; and detailed documents support the reports.
• Variance Analysis: Prepares and ensures accuracy, completeness and clarity of quarterly and annual statutory financial statement line-by-line analyses for GAAP and STAT legal entities which identify significant, unusual or unreasonable variances.
• Surveys and Other: Prepares complex annual and quarterly AMBEST, ACLI, US Census, and other industry associations’ surveys.
• Prepares other more complex required STAT filings including AHPEE, state pages and other.

Minimum Requirements

Bachelor’s Degree and/or 4 – 6 years of related experience OR High School Diploma or GED with 6-8 years of related experience.

The compensation range for this role is (based on the corporate location in Lake Forest, Illinois):

$71,520.40 - $103,307.70 per year

The final salary offer will be determined based on factors such as location, qualifications, experience, skill set, and other relevant factors. This position may also be eligible for bonus. We understand that compensation is an important factor when considering a new opportunity, and we strive to provide a competitive salary within the market.

Brand: Trustmark

• In addition to compensation, we offer a comprehensive benefits package that includes: Health/dental/vision, life insurance, FSA and HSA, 401(k) plan, Employee Assistant Program, Back-up Care for Children, Adults and Elders and many health and wellness initiatives.
• We also offer a Wellness program that enables employees to participate in health initiatives to reduce their insurance premiums.

We are an equal opportunity employer, including disability and protected veteran status.