VP Statutory Accounting & Capital Management
Company: Empower
Location: Denver
Posted on: April 30, 2024
Job Description:
Grow your career with a growing organizationWhether they're
helping people reach their long-term financial goals or providing
personal wealth management strategies, every associate contributes
to changing the lives of those we serve for the better. When it
comes to job satisfaction, that's hard to beat. And from a personal
satisfaction perspective, you'll enjoy the freedom to support
causes that matter to you and experience a truly inclusive work
environment. Your future starts now.The VP Statutory Accounting
leads the Statutory Accounting function for Empower, including the
evaluation and delivery of internal and external statutory
accounting needs, quarterly analysis of RBC, review and development
of existing and new statutory reports, analytics and forecasting of
statutory results, reconciliations between IFRS and STAT results,
and assistance of new accounting initiatives with other business
partners. - This leader ensures the timely and accurate preparation
of all aspects of statutory filings and resolution to technical
accounting issues, as well as provides guidance on statutory
accounting principles ("SAP").This role requires a solid
understanding of Statutory Accounting Principles including
following latest emerging guidance from the National Association of
Insurance Commissioners ("NAIC").What you will do
- Responsible for the Statutory Accounting function, including
oversight and direction of statutory accounting, and reporting for
the Company's -subsidiaries and affiliates.
- Ensure accurate month-end, quarter-end and annual reporting of
balances relating to investment assets, liabilities, income and
expenses on statutory basis of accounting.
- Build out analytics and forecasting models for statutory
results that can be utilized in risk based capital (RBC) and tax
modeling
- Build and maintain external relationships with auditors,
vendors and other business partners and leverage relationships to
ensure continuity of services provided. Act as liaison for
investment related requests and oversee RFP process for any
services or products evaluated.
- Effectively partner across the organization, including
financial reporting, accounting, tax, treasury, risk, treasury, and
investment operations, to support their specific needs.
- Develop continuous process improvement strategy which includes
automation and the implementation of new technology, processes, and
reporting, and strengthens controls over investment
accounting.
- Establish and manage to key business indicators to ensure
effective and timely reporting.
- Stay abreast of financial reporting and regulatory developments
related to investment accounting which can impact the Company and
facilitate compliance with such regulations.
- Lead a team of statutory accounting professionals, including
establishing and monitoring of goals, reviewing work completed by
team on a timely basis, and ensuring proper communication of
accounting and corporate policies, practices, and performance.
- Participates with preparation of risk-based capital
forecasts
- Research new and existing SAP/NAIC requirements
- Ensures all statutory reports and disclosures comply with
statutory accounting principles
- Direct preparation of standalone regulatory filings, including
preparation and coordination of supporting schedules
- Respond to requests from external auditors and state
regulators, including DOI audits.What you will bring
- Bachelor's degree or equivalent experience required
- 10-15 years of related experience required in the areas of
investment accounting, financial reporting, internal controls,
process improvement, and the broader accounting profession,
including statutory requirements
- 3-4 years of experience with insurance statutory filings
- 4 or more years of management or people leadership experience
required. Inspiring and motivating; results driven; self-motivated;
ability to work constructively under pressure; able to work with
others at varying levels within the organization
- Solid understanding of Statutory accounting principles and
financial reporting concepts
- Solid technical accounting research skills. Strong accounting,
finance and business acumen
- Excellent project management and organization skills
- Highly effective skills in organization, managing multiple
tasks and projects simultaneously, oral and communication, and
analytical and problem-solvingWhat will set you apart
- Certified Public Accountant (CPA) or other finance related
certification desired***Applicants must be authorized to work for
any employer in the U.S. We are unable to sponsor or take over
sponsorship of an employment visa at this time, including
CPT/OPT.***#PJFINWhat we offer youWe offer an array of diverse and
inclusive benefits regardless of where you are in your career. We
believe that providing our employees with the means to lead healthy
balanced lives results in the best possible work performance.
- Medical, dental, vision and life insurance
- Retirement savings - 401(k) plan with generous company matching
contributions (up to 6%), financial advisory services, potential
company discretionary contribution, and a broad investment
lineup
- Tuition reimbursement up to $5,250/year
- Business-casual environment that includes the option to wear
jeans
- Generous paid time off upon hire - including a paid time off
program plus ten paid company holidays and three floating holidays
each calendar year
- Paid volunteer time - 16 hours per calendar year
- Leave of absence programs - including paid parental leave, paid
short- and long-term disability, and Family and Medical Leave
(FMLA)
- Business Resource Groups (BRGs) - internal networks that rally
around common interest, experiences and identities such as race,
ethnicity, gender, ability, military status and sexual orientation.
BRGs play a vital role in educating and engaging our people and
advancing our business priorities.Base Salary Range$179,700.00 -
$260,625.00The salary range above shows the typical minimum to
maximum base salary range for this position in the location listed.
Non-sales positions have the opportunity to participate in a bonus
program. Sales positions are eligible for sales incentives, and in
some instances a bonus plan, whereby total compensation may far
exceed base salary depending on individual performance. Actual
compensation offered may vary from posted hiring range based upon
geographic location, work experience, education, licensure
requirements and/or skill level and will be finalized at the time
of offer.Equal opportunity employer --- -Drug-free workplaceWe are
an equal opportunity employer with a commitment to diversity. -All
individuals, regardless of personal characteristics, are encouraged
to apply. -All qualified applicants will receive consideration for
employment without regard to age (40 and over), race, color,
national origin, ancestry, sex, sexual orientation, gender, gender
identity, gender expression, marital status, pregnancy, religion,
physical or mental disability, military or veteran status, genetic
information, or any other status protected by applicable state or
local law. -***For remote and hybrid positions you will be required
to provide reliable high-speed internet with a wired connection as
well as a place in your home to work with limited disruption. You
must have reliable connectivity from an internet service provider
that is fiber, cable or DSL internet. Other necessary computer
equipment, will be provided. You may be required to work in the
office if you do not have an adequate home work environment and the
required internet connection.***Job Posting End Date at 12:01 am
on:05-07-2024Want the latest money news and views shaping how we
live, work and play? Sign up for Empower's and check out .Workplace
Flexibility: Remote - Nationwide
Keywords: Empower, Lakewood , VP Statutory Accounting & Capital Management, Accounting, Auditing , Denver, Colorado
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