What are the responsibilities and job description for the Manager, Financial Reporting position at AAA Life Insurance Company?
Overview
Why AAA Life
AAA Life is a respected and trusted American brand that has been focusing on Life Insurance and Annuity Products since 1969. At AAA Life we have over 1.8 million policies where we take pride in earning the trust of our policyholders who understand our promise to be there for them – and their families – when we’re needed most. By joining the AAA Life team, you are joining a company that genuinely cares about helping each other, with a devotion to protect the lives of those around us. We embrace a diverse, equitable, inclusive culture where all associates can feel a sense of belonging and use their unique talents and perspective to influence, innovate, motivate, and thrive.
How You’ll Work
Work Solution: Remote
Responsibilities
The Manager, Financial Reporting is a leader in the organization managing internal management financial reporting and external regulatory financial reporting; financial recordkeeping; tax reporting; reporting of performance measures including key non-financial data and maintenance and development of all financial reporting. Assist in providing financial counseling, guidance and information to AAA Life Alliance management.
Position Responsibilities
Basic Qualifications
While performing the duties of this job, the employee is frequently required to stand, walk, sit, use hands to finger, handle, or feel and talk or hear. Specific vision abilities required by this job include close vision, distance vision, color vision, depth perception, and ability to adjust focus.
This job requires the ability to perform duties contained in the job description for this position, including, but not limited to, the above requirements. Reasonable accommodations will be made for otherwise qualified applicants as needed to enable them to fulfill these requirements.
AAA Life Insurance Company does not offer immigration sponsorship for this position. This includes visa types such as H-1B, TN, and STEM OPT. Please do not apply if you currently require or may require employer-sponsored immigration support now or in the future.
Why AAA Life
AAA Life is a respected and trusted American brand that has been focusing on Life Insurance and Annuity Products since 1969. At AAA Life we have over 1.8 million policies where we take pride in earning the trust of our policyholders who understand our promise to be there for them – and their families – when we’re needed most. By joining the AAA Life team, you are joining a company that genuinely cares about helping each other, with a devotion to protect the lives of those around us. We embrace a diverse, equitable, inclusive culture where all associates can feel a sense of belonging and use their unique talents and perspective to influence, innovate, motivate, and thrive.
How You’ll Work
Work Solution: Remote
Responsibilities
The Manager, Financial Reporting is a leader in the organization managing internal management financial reporting and external regulatory financial reporting; financial recordkeeping; tax reporting; reporting of performance measures including key non-financial data and maintenance and development of all financial reporting. Assist in providing financial counseling, guidance and information to AAA Life Alliance management.
Position Responsibilities
- Prepare, analyze, and deliver accurate and timely financial reports, including internal management and external reporting.
- Evaluate financial performance and profitability through analysis of accounting and operational data.
- Develop financial forecasts, reports, and presentations for senior leadership, including the Operating Committee and Board of Directors.
- Maintain ownership of the general ledger, ensuring accuracy, integrity, and adherence to accounting standards.
- Manage the chart of accounts and reporting structures to support effective financial reporting and business insights.
- Partner with cross-functional teams to support and enhance accounting systems, processes, and data integration.
- Supervise day-to-day activities of the Financial Reporting and Tax teams, ensuring priorities and deadlines are met.
- Support talent development through coaching, training, and performance management to build a strong, capable team.
- Promote clear, professional communication and collaboration within the team and across the organization.
- Ensure compliance with statutory reporting requirements, including timely and accurate regulatory filings.
- Build and maintain effective relationships with internal stakeholders, external auditors, and regulatory agencies.
- Ensure compliance with GAAP, statutory accounting principles, and applicable laws and regulations.
- Monitor and implement new accounting standards and regulatory changes impacting the business.
- Collaborate with Actuarial and other departments to review financial results and communicate key drivers and insights.
- Identify opportunities to improve processes, enhance reporting accuracy, and increase operational efficiency.
Basic Qualifications
- Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.
- 3 years of experience in a people leadership or management role.
- 5 years of progressive experience in accounting and financial reporting, including:
- Analyzing and developing financial and statistical data to support business recommendations.
- Preparing financial statements under both GAAP and statutory (insurance) accounting standards.
- Interpreting and applying insurance regulations and related legislation.
- Evaluating and maintaining internal controls over financial reporting.
- Interfacing with regulatory bodies and supporting compliance requirements.
- Working knowledge of statutory accounting principles and life insurance accounting practices.
- Experience using financial systems, including general ledger platforms, financial reporting tools, and Microsoft Office applications.
- CPA, MBA, or Fellow, Life Management Institute (FLMI) designation.
- Experience in financial reporting or a related accounting function within the insurance industry.
- Experience applying life insurance accounting and regulatory reporting requirements.
- Experience working with internal and external auditors, including preparing and presenting financial information.
- Experience using technology and systems enhancements to improve reporting processes, accuracy, and efficiency.
While performing the duties of this job, the employee is frequently required to stand, walk, sit, use hands to finger, handle, or feel and talk or hear. Specific vision abilities required by this job include close vision, distance vision, color vision, depth perception, and ability to adjust focus.
This job requires the ability to perform duties contained in the job description for this position, including, but not limited to, the above requirements. Reasonable accommodations will be made for otherwise qualified applicants as needed to enable them to fulfill these requirements.
AAA Life Insurance Company does not offer immigration sponsorship for this position. This includes visa types such as H-1B, TN, and STEM OPT. Please do not apply if you currently require or may require employer-sponsored immigration support now or in the future.