What are the responsibilities and job description for the Assistant Controller position at LIMRA AND LOMA?
Assistant Controller
About Us: Recognized as the trusted source for industry knowledge, LIMRA and LOMA provides research, training, development, and networking solutions to financial services companies. In a rapidly changing marketplace, companies rely on us for our industry insight, practical solutions, and unwavering commitment to their success.
Why Join Us: Leading life insurance and financial services organizations around the world rely on our membership to make bottom-line decisions with greater confidence. They turn to us for:
- Research: Catalysts for new ideas, industry benchmarking, and strategic planning.
- Learning & Development: Programs to assess, train, and increase productivity, and develop future corporate leaders.
- Networking: Connections with industry leaders and peers through study groups, committees, and conferences.
The Opportunity: The Assistant Controller will assist in overseeing the core financial functions of the finance department including general accounting, accounts payable and receivable, deferred revenue, prepaids, investments, as well as internal and external financial reporting. The role will focus on three areas: Oversight of the daily accounting operations, Financial Reporting and Analysis, and Strategic Support and Special Projects.
The position will work with the Chief Financial Officer, Chief Accounting Officer, and the Director of Finance on a daily basis to enhance the association’s financial health and strategic vision. This leadership role will oversee a team of Accounting professionals and have experience with leading leaders. The position will report directly to the Chief Accounting Officer.
Location: Connecticut (Hybrid)
What You’ll Do:
- Manage oversight of the daily Accounting operations
- Provide leadership and supervision to designated accounting staff
- Ensure accurate and timely processing of financial transactions
- Develop, implement, and ensure compliance with internal controls and accounting policies
- Serves as a liaison with the independent auditors relating to all reports, questions and queries, and coordinating activities of staff responding to the needs of the external auditors
- Assist with the review of the weekly cash reporting to the Chief Financial Officer and Chief Accounting Officer
- Assist in the preparation of the monthly, quarterly, and annual financial statement reports
- Assist the Chief Financial Officer, Chief Accounting Officer, and Director of Finance with financial reporting and presentations as required for all employee meetings, board committee, and board of director meetings
- Assist the Chief Financial Officer and Director of Finance with the production and ongoing monitoring of annual budgets and forecasts
- Ensure timely execution of deliverables and that applicable reporting is in accordance with US GAAP
- Assist with transformation initiatives
- Collaborate to ensure alignment with strategic goals for the division
- Assist in the review of product profitability
- Foster a collaborative and high-performance culture while motivating the team to manage various reporting deadlines
What You’ll Bring
- Bachelor’s degree in Accounting, Finance, or Business is required; CPA, CMA, and/or MBA strongly preferred
- Minimum of 10 years of progressive experience in accounting and financial management, with a demonstrated ability to lead leaders and high-performing teams through effective delegation, motivation, and inspiration
What Do You Need to Succeed?
- Deep expertise in US GAAP and strong technical accounting and business writing capabilities
- Preferred experience in both for-profit and non-profit environments, with a solid understanding of their unique financial frameworks
- Extensive knowledge of accounting systems and emerging technologies, including automated workflows and digital processing tools relevant to core accounting functions
- Exceptional communication skills, presentation, and messaging skills with the ability to convey complex financial information clearly and effectively
- Strong organizational skills and meticulous attention to detail, with the ability to prioritize and meet tight deadlines in a dynamic environment
- Manage multiple priorities in a fast-paced setting with shifting demands
- Analyze, interpret, and present financial reports with clarity and insight
- Operate independently with minimal supervision while maintaining high productivity
- Respond effectively to frequent ad hoc requests
- Foster a positive, collaborative team culture and drive engagement across departments
- Advanced proficiency in Microsoft Excel, MS Office Suite, and other applicable financial software tools and solutions; experience with NetSuite is a plus
- Strong decision-making and problem-solving abilities, supported by excellent time management and organizational skills
- Industry experience in financial services - particularly in life insurance, retirement, and group and workplace benefits – is highly desirable
Inclusion-Focused, Values-Driven
LIMRA and LOMA are committed to fostering an inclusive workplace where individuals feel valued and empowered to contribute. We welcome people with unique perspectives and backgrounds, recognizing that a wide range of experiences strengthens our ability to help members navigate with confidence.
We are an Equal Opportunity employer and do not discriminate on the basis of race, ancestry, color, religion, sex, age, marital status, sexual orientation, national origin, medical condition, disability, veteran status, or any other basis protected by law.
This Employer Participates in E-Verify. See the E-Verify notices.
Este Empleador Participa en E-Verify. Ver el E-Verify avisos.