Sr. Specialist Accounting Policy

Transamerica; Baltimore (MD); Hybrid; USD 112,000 - 140,000; Full time

Benefits offered by this job

Competitive Pay

Annual Bonus

Pension Plan

401k Match

Tuition Reimbursement

Medical Insurance

Paid Time Off

Employee Discounts

Job summary

Transamerica is seeking a highly skilled individual to provide technical accounting expertise across all business units. The role involves developing and maintaining accounting policies while offering guidance on significant transactions.

The ideal candidate will have at least eight years of experience and a bachelor's degree in accounting. The position offers a hybrid working model with competitive pay and comprehensive benefits including a 401k match and paid parental leave.

Qualifications

• Eight years of accounting experience.
• Experience in the financial services/insurance industry is preferable.
• Ability to work in a fast-paced, deadline-driven environment.

Responsibilities

• Provide U.S. GAAP technical accounting guidance.
• Develop and maintain global accounting policies.
• Support business units with significant transactions.
• Draft financial statement disclosures.
• Engage with legal counsel and external auditors.

Skills

In-depth accounting knowledge

Analytical skills

Problem-solving skills

Written/verbal communication skills

Advanced computer skills

Education

Bachelor’s degree in accounting or related field

Job description

Job Description Summary

Provide technical accounting expertise to business partners and leaders across all business units. Develop and maintain accounting policy documents and analyze accounting implications of new accounting guidance or strategic transactions to assist in making key accounting policy decisions.

Responsibilities

• Provide U.S. GAAP technical accounting guidance related to current and proposed transactions to ensure consistent interpretation and conformity with authoritative accounting literature.
• Develop and maintain global accounting policies as well as oversight of adoption and compliance with global accounting policies.
• Analyze accounting implications of alternate solutions and support business units with significant and unusual transactions in support of key accounting decisions.
• Perform independent research to support key accounting decisions.
• Consider financial impact, benefits and drawbacks, and potential legal and regulatory impacts of significant accounting transactions.
• Monitor the FASB for emerging and new adoptions of accounting standards; assess guidance applicable to the company. Participate with insurance industry technical accounting groups to ensure consistent application of global accounting standards.
• Prepare memos and policy documents to communicate accounting changes.
• Develop, implement, and communicate new policies and processes to comply with newly issued accounting standards.
• Draft financial statement disclosures regarding upcoming accounting pronouncements.
• Work closely with senior management as well as external auditors on complex accounting topics, and engage with legal counsel, regulators, and consultants as needed.
• Serve as a technical accounting subject matter expert.

Qualifications

• Bachelor’s degree in accounting or related field.
• Eight years of accounting experience.
• In-depth accounting knowledge, preferably in the financial services/insurance industry.
• Analytical and problem-solving skills.
• Written/verbal communication skills.
• Ability to work in a fast-paced, deadline-driven environment.
• Advanced computer skills.

Preferred Qualifications

• Experience in technical research and preparation of accounting memorandums and policies.
• Advanced writing skills to document and communicate complex accounting and reporting issues to finance and non-finance personnel.
• Advanced strategic thinking skills when formulating interpretations of accounting guidance for new and emerging transactions and when presenting accounting interpretations to external auditors.
• CPA designation.
• Big 4 experience.
• Understanding of Statutory Accounting Principles.
• Understanding of actuarial concepts.
• Understanding of financial instruments.

Working Conditions

• Hybrid (In Office: Tuesdays, Wednesdays & Thursdays)
• Occasional Travel

Salary

The Salary for this position generally ranges between $112,000 - $140,000 annually. Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors including qualifications, experience, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.

Additionally, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.

Benefits

• Competitive Pay
• Bonus for Eligible Employees
• Pension Plan
• 401k Match
• Employee Stock Purchase Plan
• Tuition Reimbursement
• Disability Insurance
• Medical Insurance
• Dental Insurance
• Vision Insurance
• Employee Discounts
• Career Training & Development Opportunities
• Paid Time Off starting at 160 hours annually for employees in their first year of service.
• Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).
• Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars
• Parental Leave – fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.
• Adoption Assistance
• Employee Assistance Program
• Back-Up Care Program
• PTO for Volunteer Hours
• Employee Matching Gifts Program
• Employee Resource Groups
• Inclusion and Diversity Programs
• Employee Recognition Program
• Referral Bonus Programs