Manager of Financial Reporting and Consolidation

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Regular or Temporary:

Regular

Language Fluency:  English (Required)

Work Shift:

1st Shift (United States of America)

Please review the following job description:

Ensure proper understanding and implementation of accounting policies and practices in accordance with the extremely complex and dynamic accounting principles generally accepted in the United States (GAAP) to ensure all relevant GAAP is understood, effectively communicated to Truist Insurance Holdings (TIH) Management, appropriately implemented and subject to effective internal controls in connection with the SOX program. Provide expert advice on a broad range of complex accounting and financial reporting issues to TIH Management, the BU CFO organization and other members of the Senior Leadership Team.

KEY RESPONSIBILITIES

Following is a summary of the essential functions for this job.  Other duties may be performed, both major and minor, which are not mentioned below.  Specific activities may change from time to time. 

• Research appropriate accounting treatment and provide expert advice, on an as-needed basis, for complex transactions or financial matters for TIH and its subsidiaries to ensure compliance with GAAP, regulatory reporting and affiliate transaction requirements. Such complex issues include, but are not limited to, the accounting for mergers, acquisitions and divestitures, credit losses, derivatives and hedge accounting, foreign exchange, transfers of financial assets, fair value, gross vs. net classification, revenue recognition, variable interest entities, leases, employee benefit plans, classification of expenses and specialized industry accounting.
• Manage the accounting for highly complex transactions and GAAP and regulatory reporting requirements for all assigned functions.  Responsibilities include accurate financial reporting and adequate internal controls, preventing or detecting financial reporting fraud and ensuring that TIH complies with applicable Accounting Policies and Standards. 
• Analyze preliminary financial results in connection with the close process in order to identify significant or unusual activity that may require adjustment or disclosure in connection with TIH's internal or external financial reporting. Oversee preparation of monthly and quarterly financial statement close schedules and other reporting required to effectively communicate TIH’s financial position and results of operations.
• Closely monitor the standard setting process of the Financial Accounting Standards Board (“FASB,”), United States Securities and Exchange Commission ("SEC,") the Federal Deposit Insurance Corporation ("FDIC,") the Federal Reserve Board ("FRB") and other regulatory agencies as applicable to ensure that all relevant proposed changes to GAAP and other reporting requirements are understood
• Analyze, evaluate and provide accounting guidance in response to inquiries from auditors, regulators and others regarding specific transactions, issues and other matters.
• Ensure the design and implementation of adequate processes and controls to comply with relevant GAAP and to prevent significant deficiencies and material weaknesses in internal control over financial reporting.  Support ERM and the Risk Management Organization through the effective identification, measurement, and mitigation of GAAP risk. Communicate GAAP risks in a timely manner. Adhere to risk policies, procedures, and regulatory requirements.  Support business and corporate risk management objectives. Develop appropriate policies and procedural documentation to effectively manage the risk of GAAP non-compliance.  Ensure the continual effectiveness of any systems implemented and utilized in the management of GAAP risk.
• Coordinate the preparation and review of relevant sections of the annual and quarterly report disclosures.  Review drafts of the quarterly press release, annual and quarterly reports, and other regulatory reporting and provide feedback as necessary to ensure that all such reporting appropriately reflects TIH's financial position and results of operations in compliance with GAAP and regulatory requirements. Prepare the financial statement disclosure checklist on a quarterly basis.

EDUCATION AND EXPERIENCE

The requirements listed below are representative of the knowledge, skill and/or ability required.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Bachelor's degree in Accounting, Finance, Business Administration or equivalent education and related training.
• Seven to ten years of relevant accounting or accounting policy experience; three to five years of leadership and supervisory experience

CERTIFICATIONS, LICENSES, REGISTRATIONS

• CPA designation

FUNCTIONAL SKILLS

• Strong technical accounting knowledge
• Intelligent, strong and decisive leadership within an organization as a result of high integrity, intellectual clarity, and a passion for excellence; strong leadership abilities including proactive thinking and teamwork to drive the best business decisions
• Strong personal and professional ethics with impeccable integrity
• High energy level and strong work ethic to meet the demands of a fast paced, goal driven environment; results orientation, which includes meeting commitments, performance metrics, and targeted and required delivery dates.
• Self-motivated with the ability to work without supervision; ability to work under difficult time constraints and manage multiple resources, priorities and projects.
• Strong team orientation: eagerness to pitch in and help larger teams meet goals and responsibilities.
• Excellent technical and research skills
• Excellent communication and presentation skills
• Excellent critical and conceptual thinking, problem solving ability and analytical skills.
• Excellent interpersonal skills across internal and external organizational levels.
• Demonstrated proficiency in computer applications, such as Microsoft Office software products, with an emphasis on spreadsheet, word processing and database software
• Prior experience working for a large, SEC-registered insurance brokerage or carrier or senior manager-level public accountant with extensive insurance brokerage experience.
• Experience with Workiva reporting software and Workday

General Description of Available Benefits for Eligible Employees of TIH Insurance: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of TIH Insurance offering the position. TIH offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on TIH's generous benefit plans, please visit our site. Depending on the position and division, this job may also be eligible for TIH’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

CRC supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. CRC is a Drug Free Workplace.

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