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Manager, Financial Reporting

Company: MEMIC
Location: Hartford
Posted on: June 23, 2022

Job Description:

The Mission of The MEMIC Group is to make workers' comp work better with compassion, trusted partnerships, and relentless commitment to workforce safety. The secret to the success and longevity of great organizations is their shared vision and strong values. At MEMIC our values are to be conscientious, to be an expert, to be a partner, to be curious and to be transparent.This position is eligible to be full-time remote with some travel to our Portland headquarters.The Manager, Financial Reporting will manage the Group's monthly, quarterly and annual financial reporting, in accordance with statutory and, to a lesser extent, GAAP accounting principles, establish accounting policies and procedures, monitor internal control compliance and supervise and develop members of the finance team. The position will be responsible for managing the financial reporting team and report to the Director, Financial Reporting.

  • Manages and executes the monthly, quarterly and annual financial reporting processes including accurate preparation and review of internally prepared financial statements, quarterly and annual statutory statements and annual audited financial statements. Delivers reporting on a timely basis for use by management, the Board and applicable external regulatory agencies.
  • Manages the external audit process which includes ensuring supporting schedules are prepared and reviewed on a timely basis and the audit is completed on time.
  • Manages the Group's investment accounting and reporting by working with our investment management and accounting vendors to ensure transactions are accurately represented in our general ledger. Includes initiating certain transactions such as cash movement to and from our investment portfolio and movement of securities for our portfolio of special deposits with states.
  • Supports the general ledger close process by preparing and/or reviewing certain journal entries and account reconciliations according to the close schedule.
  • Leads and develops financial reporting team with a goal of continually improving collaboration, efficiency and effectiveness throughout the finance team.
  • Performs accounting research and advice on technical accounting issues including expense and revenue recognition issues and proper reporting of the same - supports the entire finance team in understanding of accounting research and any applicable updates to statutory or GAAP reporting that impacts the Group.
  • Supports the CFO, and other MEMIC Group leadership to ensure compliance with the internal control requirements of Model Audit Rule (MAR). This includes review and finalization of policies and procedures and internal control documentation including those prepared by finance staff.
  • Leverages the JD Edwards system by identifying ways to continuously improving the general ledger area to meet the needs of a rapidly growing business. Recommends upgrades if deemed necessary to meet improved business needs.Requirements:
    • Bachelor's degree in Accounting or related field with 5+ years' work experience in finance or equivalent work and education experience.
    • Certified Public Accountant (CPA) required.
    • Strong hands-on accounting or auditing experience, including experience in reviewing and preparing financial statements and account reconciliations in a deadline driven environment.
    • Must be able to successfully supervise and mentor direct reports.
    • Proven experience, solid knowledge and understanding of state filing requirements, expense and revenue recognition, US GAAP, FASB, MAR or other applicable accounting or regulatory requirements.
    • Key attributes include integrity, enthusiasm, highly disciplined and a self-starter.
    • Excellent time management, communications, decision making, problem-solving, human relations, technology and organizational skills.
    • Ability to work effectively in a cross functional environment at all levels of the organization.Our comprehensive benefits package includes all traditional offerings such as:
      • Health Insurance options, Dental Insurance options and Vision Insurance
      • Employee Life Insurance/AD&D and Dependent Life Insurance options
      • Short-term & Long-term Disability
      • Health Savings Account with potential employer match
      • Flexible Medical and Dependent Care Account
      • Accident Insurance
      • Critical Illness Insurance
      • Employee Assistance Program
      • Legal/Identify Theft Insurance options
      • Long Term Care Insurance
      • Pet Insurance
      • 401 (k) Retirement Plan with match up to 5%, plus profit sharing & discretionary contributions (subject to vesting)
      • 5 weeks of Paid Time Off (PTO)
      • 7 paid holidaysWe also offer other benefits to help foster a healthy, balance lifestyle such as:
        • Flextime schedules
        • Paid Parental Leave
        • Student loan paydown and refinancing assistance
        • Educational assistance for job related courses, seminars, certifications or degrees
        • One paid day every year to volunteer for your non-profit of choice
        • On-site fitness center (Maine & Virginia) or fitness reimbursement
        • Subsidized parking
        • Sit-Stand desks & daily stretch breaksMEMIC is committed to a policy of nondiscrimination and equal opportunity for all employees and qualified applicants without regard to race, color, religious creed, national origin, ancestry, age, disability, genetics, gender identity, veteran's status, sexual orientation, or any other characteristic protected by law. MEMIC is an equal opportunity employer encouraging diversity in the workplace.MEMIC is a safety company; therefore we require all employees to be fully vaccinated for COVID-19, unless an employee is allowed an exemption from this requirement due to a reasonable accommodation for legally protected medical or religious reasons.

Keywords: MEMIC, Hartford , Manager, Financial Reporting, Accounting, Auditing , Hartford, Connecticut

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