Lincoln Financial Group
Reinsurance Accounting- Senior Talent
Lincoln Financial Group, San Ramon, California, United States, 94583
Lincoln Financial Group Reinsurance Accounting- Senior Talent San Ramon, California Apply Now
Work Arrangement:
Remote: Work at home employee residing outside of a commutable distance to an office location. Relocation assistance:
is not available for this opportunity. Requisition #:
73985 General Purpose of Job: This position will provide leadership and direction to ensure group results for their assigned Reinsurance accounting area(s) of responsibility. They will direct the preparation, recording, analysis, and reporting of complex Reinsurance accounting transactions and ensure the integrity of accounting records for completeness, accuracy, and compliance with accepted accounting policies and principles. This strategy entails strategic reinsurance deals, which will help us add tremendous value and reinforce a long-term commitment as stewards of Lincoln’s capital. The Role at a Glance: As a Senior Reinsurance Accounting resource, you will manage staff, help lead the onboarding of new strategic reinsurance transactions, and administration of existing reinsurance. This position is not simply accounting-oriented; while your accounting expertise will be utilized, your strategic knowledge of structuring reinsurance transactions and evaluation of risk transfer will be paramount. This role will require working with various business areas and key stakeholders to evaluate the structure of reinsurance transactions to identify and communicate accounting issues, propose accounting resolutions, and communicate status to accounting stakeholders. You will collaborate within the Chief Accounting Office to provide clarity on a GAAP and STAT basis and the reporting of new and existing reinsurance transactions, overseeing onshore and offshore affiliate captive reinsurance. Support the monthly and/or quarterly close process and reinsurance GAAP and Statutory financial reporting requirements. What you'll be doing: Evaluate reinsurance transactions, their structure, and financial accounting implications. Identify and recommend best practice opportunities to improve efficiencies as new reinsurance processes are established. Ability to read reinsurance treaty agreements and apply concepts in the agreements to the appropriate accounting and administrative approach. Research accounting guidance and apply appropriate accounting guidance to complex reinsurance transactions and structures. Understand, evaluate, and conclude on risk transfer as it applies to new transactions on both a GAAP and Statutory basis. Collaborate on proforma financial statements for new and/or amended reinsurance accounting transactions. Review and analyze proforma financial statements to determine impacts of the transactions to the enterprise and ensure reporting is accurate. Explain the financial statement impacts of the reinsurance transaction to key stakeholders and leaders. Evaluate treaty administrative implications of reinsurance structures. Responsible for Reinsurance reporting on new and current transactions. Support a timely and accurate monthly and quarterly financial close process. Develop control processes to ensure effective procedures are in place to support internal operating and SOX controls. Provide training and development opportunities for team members. Establish and implement individual and team priorities, performance goals, and objectives. Manage and evaluate individual/team performance. Ensure that top talent is hired and retained. Develop and maintain strong relationships with internal/external auditors. Comply with all state and federal regulations and guidelines. Perform other duties as required. What we’re looking for: 5+ Years of experience in Reinsurance accounting, including 3+ years of managerial, supervisory, and/or demonstrated leadership experience. CPA Certification is a plus. Demonstrated ability to successfully hire, retain, develop, and coach staff. Strong relationship management skills with internal clients. Ability to influence outcomes without directing or commanding. Strong project management leadership skills. Proficiency with Microsoft Office Suite (Word, Excel, PowerPoint, Outlook). Application Deadline:
Applications accepted until 3/31/25 About The Company: Lincoln Financial Group helps people to plan, protect, and retire with confidence. As of Dec. 31, 2023, approximately 17 million customers trust our guidance and solutions across four core businesses – annuities, life insurance, group protection, and retirement plan services.
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Work Arrangement:
Remote: Work at home employee residing outside of a commutable distance to an office location. Relocation assistance:
is not available for this opportunity. Requisition #:
73985 General Purpose of Job: This position will provide leadership and direction to ensure group results for their assigned Reinsurance accounting area(s) of responsibility. They will direct the preparation, recording, analysis, and reporting of complex Reinsurance accounting transactions and ensure the integrity of accounting records for completeness, accuracy, and compliance with accepted accounting policies and principles. This strategy entails strategic reinsurance deals, which will help us add tremendous value and reinforce a long-term commitment as stewards of Lincoln’s capital. The Role at a Glance: As a Senior Reinsurance Accounting resource, you will manage staff, help lead the onboarding of new strategic reinsurance transactions, and administration of existing reinsurance. This position is not simply accounting-oriented; while your accounting expertise will be utilized, your strategic knowledge of structuring reinsurance transactions and evaluation of risk transfer will be paramount. This role will require working with various business areas and key stakeholders to evaluate the structure of reinsurance transactions to identify and communicate accounting issues, propose accounting resolutions, and communicate status to accounting stakeholders. You will collaborate within the Chief Accounting Office to provide clarity on a GAAP and STAT basis and the reporting of new and existing reinsurance transactions, overseeing onshore and offshore affiliate captive reinsurance. Support the monthly and/or quarterly close process and reinsurance GAAP and Statutory financial reporting requirements. What you'll be doing: Evaluate reinsurance transactions, their structure, and financial accounting implications. Identify and recommend best practice opportunities to improve efficiencies as new reinsurance processes are established. Ability to read reinsurance treaty agreements and apply concepts in the agreements to the appropriate accounting and administrative approach. Research accounting guidance and apply appropriate accounting guidance to complex reinsurance transactions and structures. Understand, evaluate, and conclude on risk transfer as it applies to new transactions on both a GAAP and Statutory basis. Collaborate on proforma financial statements for new and/or amended reinsurance accounting transactions. Review and analyze proforma financial statements to determine impacts of the transactions to the enterprise and ensure reporting is accurate. Explain the financial statement impacts of the reinsurance transaction to key stakeholders and leaders. Evaluate treaty administrative implications of reinsurance structures. Responsible for Reinsurance reporting on new and current transactions. Support a timely and accurate monthly and quarterly financial close process. Develop control processes to ensure effective procedures are in place to support internal operating and SOX controls. Provide training and development opportunities for team members. Establish and implement individual and team priorities, performance goals, and objectives. Manage and evaluate individual/team performance. Ensure that top talent is hired and retained. Develop and maintain strong relationships with internal/external auditors. Comply with all state and federal regulations and guidelines. Perform other duties as required. What we’re looking for: 5+ Years of experience in Reinsurance accounting, including 3+ years of managerial, supervisory, and/or demonstrated leadership experience. CPA Certification is a plus. Demonstrated ability to successfully hire, retain, develop, and coach staff. Strong relationship management skills with internal clients. Ability to influence outcomes without directing or commanding. Strong project management leadership skills. Proficiency with Microsoft Office Suite (Word, Excel, PowerPoint, Outlook). Application Deadline:
Applications accepted until 3/31/25 About The Company: Lincoln Financial Group helps people to plan, protect, and retire with confidence. As of Dec. 31, 2023, approximately 17 million customers trust our guidance and solutions across four core businesses – annuities, life insurance, group protection, and retirement plan services.
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