Financial Consulting Senior Associate - Insurance Accounting

Location: New York

Financial Consulting Senior Associate - Insurance Accounting page is loaded## Financial Consulting Senior Associate - Insurance Accounting locations:
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Full time posted on:
Posted Todayjob requisition :
JR117416

We are the leading provider of professional services to the middle market globally, our purpose is to instill confidence in a world of change, empowering our clients and people to realize their full potential. Our exceptional people are the key to our unrivaled, culture and talent experience and our ability to be compelling to our clients. You’ll find an environment that inspires and empowers you to thrive both personally and professionally.

There’s no one like you and that’s why there’s nowhere like RSM.
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* Position Overview:

** We are seeking experienced Senior Accountants to join our team and support our clients with insurance and investment accounting experience. The ideal candidate will possess expertise in managing typical accounting and operational areas for insurance companies, a strong understanding of both Generally Accepted Accounting Principles (GAAP) and Statutory Accounting Principles (STAT).

Experience with reinsurance and  investment accounting is preferred. This role requires analytical acumen, attention to detail, and a commitment to delivering exceptional client support.

** Key Responsibilities
*** Utilizing intermediate knowledge of complex accounting concepts to assist insurance clients with its accounting and finance operations, including reinsurance, LDTI, audit readiness, claims and reserves, and revenue recognition.
* Prepare and review GAAP and STAT financial statements, schedules, and reports to ensure compliance with regulatory standards.
* Provide timely, high quality client service that meets or exceeds client expectations including coordinating the development and execution of the consulting work plan and client deliverables
* Collaborate directly with firm specialists/subject matter experts on complex accounting matters
* Collaborate directly with the engagement manager and partner and the client
* Actively participate with engagement team and function as an in-charge facilitating field work by monitoring and reporting regarding productivity and adherence to work plan schedules on each assignment
* Perform detailed investment accounting tasks for various asset classes, including fixed income, equities, derivatives, real estate investments, private placements, commercial mortgage loans, and alternative investments.
* Utilize investment accounting system for recording, monitoring, and reporting investment activity.
* Collaborate with internal and external stakeholders to provide expert guidance on investment accounting and regulatory reporting requirements.
* Conduct variance analysis, financial reporting analysis, and other ad hoc analyses to support client decision-making.
* Stay updated on regulatory changes and industry trends impacting investment accounting and insurance companies as a whole.
* Technical proficiency and willingness to learn on various technical accounting topics
** Qualifications
* ** Bachelor’s degree in Accounting, Finance, or a related field; CPA or equivalent designation preferred.
* Minimum of 3 years of experience in investment accounting, preferably in the insurance industry. Alternatively relevant experience in banking and asset management industries will be considered
* Strong knowledge of GAAP and STAT principles, with a focus on investment accounting.
* Experience with Investment accounting systems (Clearwater, Aladdin Accounting, PAM, others) is highly desirable.
* Proficiency in Microsoft Excel and other financial analysis tools.
* Excellent communication and interpersonal skills, with a client-focused mindset.
* Ability to manage multiple priorities in a fast-paced environment and meet deadlines.
* Strong analytical and problem-solving skills, with keen attention to detail.
* Willingness to travel up to 3 months a year.

At RSM, we offer a competitive benefits and compensation package for all our people.

We offer flexibility in your schedule, empowering you to balance life’s demands, while…