Technical Accounting Senior Manager

Genworth Financial, Inc.; Raleigh (NC); Hybrid; USD 130,000 - 180,000; Full time

Benefits offered by this job

Hybrid work schedule

Time Off

Tuition Reimbursement

Employee Assistance

401k with company match

Health & dental insurance

Job summary

Enact Holdings, Inc. in Raleigh, NC seeks a Technical Accounting Senior Manager to lead complex accounting research, document conclusions, and provide guidance across US GAAP, SAP, and regulatory regimes.

Reporting to the Director of Financial Reporting in Controllership, you will influence financial reporting conclusions and partner with business leaders on accounting issues. This role supports credit-related insurance and reinsurance activities, strengthens controls, and participates in system

Qualifications

• 8+ years of progressive accounting experience including technical accounting analysis.
• Strong knowledge of U.S. GAAP and ability to apply guidance to complex transactions.
• Ability to research technical accounting matters, document conclusions clearly, and communicate positions to stakeholders.
• Ability to work independently in a fast-paced, deadline-driven environment.

Responsibilities

• Lead technical accounting research and documentation for complex transactions under U.S. GAAP, SAP and other accounting principles.
• Evaluate accounting implications of assumed credit-related reinsurance and insurance transactions.
• Assist with statutory and U.S. GAAP financial reporting deliverables and regulatory inquiries.
• Maintain and enhance technical accounting policies, documentation, and internal controls.

Skills

U.S. GAAP knowledge

Technical accounting analyses

Communication with stakeholders

Excel proficiency

Education

Bachelor's or Master's degree in Accounting

CPA Certification

Tools

Excel

Job description

At Enact, we understand that there's no place like home. That's why we bring our deep expertise, insightful offerings, and extra mile service to work every day to help lenders put more people in homes and keep them there. We're looking for a Technical Accounting Senior Manager in Raleigh, NC to join us in fulfilling our mission, while utilizing our values of excellence, improvement, and connection. In this role, you will report to the Director of Financial Reporting within the Controllership team and provide technical accounting leadership across U.S. GAAP, statutory accounting principles (SAP) and other applicable global accounting and regulatory regimes. This role will support complex accounting analyses, financial reporting conclusions, and related documentation, with a particular focus on the Company's credit-related insurance and reinsurance business. The role will evaluate new transactions, provide guidance to business leaders on potential accounting issues and how best to address them, strengthen reporting processes, support audit and regulatory deliverables, partner closely across functions, and assist with system implementation or enhancement initiatives impacting accounting and reporting.

LOCATION

Enact Headquarters, Raleigh, NC - Hybrid Schedule

YOUR RESPONSIBILITIES

• Lead technical accounting research and documentation for complex transactions under U.S. GAAP, SAP and other international accounting principles, including preparation of accounting memos and position papers.
• Evaluate the accounting and reporting implications of assumed credit-related reinsurance and insurance transactions, including profit commissions, ceding commissions, collateral provisions, foreign exchange matters and other transaction-specific terms.
• Assist with statutory and U.S. GAAP financial reporting deliverables, including disclosures, supplemental schedules, regulatory filings, and responses to auditor or regulator inquiries.
• Maintain and enhance technical accounting policies, process documentation, and internal controls related to complex transactions and financial reporting conclusions.
• Monitor emerging accounting and regulatory guidance affecting insurance, reinsurance, and financial reporting matters, and assess the impact on company policies, disclosures, and processes.
• Serve as a key accounting subject matter expert on system implementation or enhancement projects supporting the credit insurance and reinsurance business, including requirements gathering, testing, control design, data validation, and accounting/reporting readiness.
• Identify and drive process improvement opportunities to increase efficiency and strengthen accounting and reporting controls.

YOUR QUALIFICATIONS

• Bachelor's or Master's degree in Accounting.
• CPA Certification.
• 8+ years of progressive accounting experience, including technical accounting analysis.
• Strong knowledge of U.S. GAAP and experience interpreting and applying accounting guidance to complex transactions.
• Demonstrated ability to research technical accounting matters, document conclusions clearly, and communicate accounting positions to internal and external stakeholders.
• Ability to work independently and exercise sound judgment in a fast paced, deadline driven environment.
• Strong interpersonal skills, with the ability to collaborate effectively within the accounting team and across departments and levels of the organization.
• Excellent written and verbal communication skills, including the ability to clearly document accounting matters and explain technical accounting concepts in a clear, practical manner.
• Strong analytical and critical thinking skills.
• Strong proficiency in Excel and other accounting and financial reporting tools.

PREFERRED QUALIFICATIONS

• Financial services or insurance experience, including statutory accounting.
• Knowledge of special purpose vehicles (SPVs), hedge accounting, and derivative financial instruments.
• Public accounting experience.
• Oracle or similar ERP experience.

COMPANY

Enact Holdings, Inc. (Nasdaq: ACT), operating primarily through its wholly owned subsidiaries, is a leading publicly traded U.S. private mortgage insurance provider, offering borrower-centric products that enable lenders and other partners across the U.S. to help people responsibly achieve and maintain the dream of homeownership. By empowering customers and their borrowers, Enact seeks to positively impact the lives of those in the communities in which it serves in a sustainable way. Headquartered in Raleigh, North Carolina, we play an active role in supporting a prosperous Triangle community. We also support our colleagues’ philanthropic efforts in their home communities across the U.S. Enact values all perspectives, characteristics and experiences, along with providing a positive and inclusive culture for employees to grow and succeed. We strive to create an environment where employees can bring their full, authentic selves to work to help each other and their customers. We are proud to be an equal opportunity employer and all hiring decisions are based on merit, qualifications, and business needs. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.

WHY WORK AT ENACT

• We bring innovative thinking to the situations at hand
• We seek out and incorporate diverse views to strengthen our outcomes
• We work on challenging and rewarding projects

We offer competitive benefits:

• Hybrid work schedule (in-office days Tues/Wed/Thurs)
• Generous Time Off
• 40 Hours of Volunteer Time Off
• Tuition Reimbursement and Student Loan Repayment
• Paid Family Leave and Flexible Spending Accounts
• 401k with up to 5% employer match
• Fitness and Emotional Wellness Reimbursements
• Onsite Gym

This role is not eligible for employment visa sponsorship.

Genworth Financial, Inc ("Genworth") (NYSE: GNW) is a Fortune 1000 company focused on empowering families to navigate the aging journey with confidence, now and in the future. Headquartered in Richmond, Virginia, Genworth and its CareScout businesses provide guidance, products, and services that help people understand their caregiving options and fund their long-term care needs. Genworth is also the parent company and majority-owner of publicly traded Enact Holdings, Inc. (Nasdaq: ACT), a leading U.S. mortgage insurance provider.

Genworth Mexico Genworth US We know we can’t deliver on our mission unless we deliver for our employees. That's why we're committed to creating a work environment that fosters inclusion, excellence, improvement and connection. We know each employee contributes in their own unique way and we're dedicated to supporting every one of them to help them reach their full potential.

We are proud to be an equal opportunity employer and all hiring decisions are based on merit, qualifications, and business need. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.