Manager, Accounting Systems and Controls
Apply NowCompany: Midland National Life Insurance
Location: Sioux Falls, SD 57106
Description:
What You Can Expect In This Role
Leadership position within the Financial Reporting team of the Corporate Accounting Division. Responsible for managing and overseeing the performance of accounting systems and related controls. Lead team in utilizing technology and drive projects in support of team objectives. Hold team accountable to both technical work standards and service levels but also to expected interpersonal and professional work demeanor. Ideal candidate has experience in Excel, SQL, Arbutus, Mainframe, Power Query or similar programs.
What You'll Do In This Role
Apply extensive knowledge of Statutory Accounting Principles to lead team in the research and resolution of various accounting and reporting issues.
Apply extensive knowledge of Generally Accepted Accounting Principles (GAAP) with an emphasis on insurance-based concepts to lead team in the research and resolution of accounting and reporting issues while handling the most complex issues.
Ensure team successfully executes on the timely and accurate completion of the monthly, quarterly and annual financial statements and footnotes of the Sammons Financial Group (SFG) Member Companies.
Complete understanding of chart of accounts and accounting related workflows for the general ledger (SAP, legacy systems) and policy administration systems
Provide quality customer service in area of expertise and escalate or refer to other areas when appropriate. Use effective communication to handle complex customer inquiries/issues without management guidance. Coach other team members on effective communication.
Working knowledge of GAAP and STAT accounting. Ability to apply accounting principles and ensure adequacy of internal controls.
Ensure team accurately completes journal entries and reconciliations of account balances to supporting documentation. Design, document and implement internal controls related to financial reporting.
Provide coaching and guidance to team to build analytical and critical thinking skills. Provide meaningful and actionable information to meet the business needs of SFG leadership as it relates to the financial results.
Coach, mentor and motivate the activities of team members, driving accountability and growth in technical and interpersonal skills and effectiveness of the team. Create an environment that fosters a high performance culture.
Work with and support external auditors and regulatory examiners in areas of responsibility applicable to the external audits and exams. Monitor team interactions with auditors and provide coaching and guidance to build team skills.
Apply knowledge of the SFG entities, business units, chart of accounts, profit centers, hierarchies, processes and controls in order to effectively manage the ability of the team to implement changes in the organization that impact Financial Reporting.
Apply knowledge of SFG technology platforms or new technology in order to effectively anticipate and utilize team to implement changes in the organization that impact Financial Reporting.
Communicate effectively, professionally, and positively with areas outside of Corporate Accounting to proactively, identify and implement projects that impact Financial Reporting.
Identify, prioritize and assign special assignments and projects to the appropriate team members; drive and monitor execution of projects to meet departmental goals.
Maintain procedural documentation for all assigned tasks and adhere to processes and procedures in support of the required internal controls. Ensure all team duties are adequately documented.
What We're Looking For
Other Requirements
Due to the financial nature and level of accountability of this position, a credit and criminal background check is required - The Fair Credit Reporting Act requires Sammons Financial Group Companies to notify you that, as a routine part of processing this application for employment, Sammons Financial Group may request a consumer report on you to verify all information contained in this application. Such report may include information about work-related behaviors, performance, character, general reputation, and personal characteristics, in addition to information about your previous employment, education, credit history and criminal records
What you can expect when you join Sammons Financial Group
Sammons Financial Group offers a competitive benefit package that includes: Health, Dental, Vision, Company Paid Retirement, PTO and Holiday Pay.
Our Employee Stock Ownership Plan (ESOP) is a 100% company-funded retirement plan, so you can save for retirement without contributing a penny of your own paycheck.
Healthy balance between work and personal lives. Friday afternoons off all year long, competitive PTO, and generous number of paid holidays.
Our incentive program for defined goals subject to eligibility and performance. Monetary rewards are based on individual and/or overall company performance.
Colleagues who support one another, model our core values, and drive our healthy, high-performing culture.
Work Authorization/Sponsorship
At this time, we're not considering candidates that need any type of immigration sponsorship now or in the future or those needing work authorization for this role (This includes, but is not limited to students on F1-OPT, F1-CPT, J-1, etc.)
Leadership position within the Financial Reporting team of the Corporate Accounting Division. Responsible for managing and overseeing the performance of accounting systems and related controls. Lead team in utilizing technology and drive projects in support of team objectives. Hold team accountable to both technical work standards and service levels but also to expected interpersonal and professional work demeanor. Ideal candidate has experience in Excel, SQL, Arbutus, Mainframe, Power Query or similar programs.
What You'll Do In This Role
Apply extensive knowledge of Statutory Accounting Principles to lead team in the research and resolution of various accounting and reporting issues.
Apply extensive knowledge of Generally Accepted Accounting Principles (GAAP) with an emphasis on insurance-based concepts to lead team in the research and resolution of accounting and reporting issues while handling the most complex issues.
Ensure team successfully executes on the timely and accurate completion of the monthly, quarterly and annual financial statements and footnotes of the Sammons Financial Group (SFG) Member Companies.
Complete understanding of chart of accounts and accounting related workflows for the general ledger (SAP, legacy systems) and policy administration systems
Provide quality customer service in area of expertise and escalate or refer to other areas when appropriate. Use effective communication to handle complex customer inquiries/issues without management guidance. Coach other team members on effective communication.
Working knowledge of GAAP and STAT accounting. Ability to apply accounting principles and ensure adequacy of internal controls.
Ensure team accurately completes journal entries and reconciliations of account balances to supporting documentation. Design, document and implement internal controls related to financial reporting.
Provide coaching and guidance to team to build analytical and critical thinking skills. Provide meaningful and actionable information to meet the business needs of SFG leadership as it relates to the financial results.
Coach, mentor and motivate the activities of team members, driving accountability and growth in technical and interpersonal skills and effectiveness of the team. Create an environment that fosters a high performance culture.
Work with and support external auditors and regulatory examiners in areas of responsibility applicable to the external audits and exams. Monitor team interactions with auditors and provide coaching and guidance to build team skills.
Apply knowledge of the SFG entities, business units, chart of accounts, profit centers, hierarchies, processes and controls in order to effectively manage the ability of the team to implement changes in the organization that impact Financial Reporting.
Apply knowledge of SFG technology platforms or new technology in order to effectively anticipate and utilize team to implement changes in the organization that impact Financial Reporting.
Communicate effectively, professionally, and positively with areas outside of Corporate Accounting to proactively, identify and implement projects that impact Financial Reporting.
Identify, prioritize and assign special assignments and projects to the appropriate team members; drive and monitor execution of projects to meet departmental goals.
Maintain procedural documentation for all assigned tasks and adhere to processes and procedures in support of the required internal controls. Ensure all team duties are adequately documented.
What We're Looking For
- Bachelor's Degree Required
- Master's Degree Preferred
- 7-10 years insurance accounting or applicable public accounting experience Required
- Experience in Excel, SQL, Arbutus, Mainframe, Power Query or similar programs
- Demonstrated leadership through developing, coaching and mentoring a team
- Strong written and verbal communication skills; ability to work with and communicate with senior leaders outside of Corporate Accounting and external auditors
- High degree of analytical and critical thinking skills and a professional judgement disposition
- Ability to identify and resolve complex issues and lead resources within a team to achieve results
- Ability to prioritize multiple projects, delegate and allocate time and resources effectively; ability to meet strict deadlines is necessary
- High degree of professionalism, motivation and intellectual curiosity; courage to address challenging issues in a professional and positive fashion
- Ability to adapt to change and learn quickly
- Desire to attain or further insurance-industry specific skills beyond accounting and finance
- Ability to lead a team's ability to identify and apply appropriate software to efficiently achieve objectives
- Demonstrated ability to research and implement existing and emerging insurance industry GAAP and stat accounting concepts
- Strong knowledge of insurance products and how the economics of those products are reflected in accounting results
Other Requirements
Due to the financial nature and level of accountability of this position, a credit and criminal background check is required - The Fair Credit Reporting Act requires Sammons Financial Group Companies to notify you that, as a routine part of processing this application for employment, Sammons Financial Group may request a consumer report on you to verify all information contained in this application. Such report may include information about work-related behaviors, performance, character, general reputation, and personal characteristics, in addition to information about your previous employment, education, credit history and criminal records
What you can expect when you join Sammons Financial Group
Sammons Financial Group offers a competitive benefit package that includes: Health, Dental, Vision, Company Paid Retirement, PTO and Holiday Pay.
Our Employee Stock Ownership Plan (ESOP) is a 100% company-funded retirement plan, so you can save for retirement without contributing a penny of your own paycheck.
Healthy balance between work and personal lives. Friday afternoons off all year long, competitive PTO, and generous number of paid holidays.
Our incentive program for defined goals subject to eligibility and performance. Monetary rewards are based on individual and/or overall company performance.
Colleagues who support one another, model our core values, and drive our healthy, high-performing culture.
Work Authorization/Sponsorship
At this time, we're not considering candidates that need any type of immigration sponsorship now or in the future or those needing work authorization for this role (This includes, but is not limited to students on F1-OPT, F1-CPT, J-1, etc.)