Sr. Analyst – Financial Reporting – Payroll Tax Reporting

Sr. Analyst – Financial Reporting – Payroll Tax Reporting

Requirements

• Undergraduate degree in business administration, accounting, finance, insurance or other relevant academic subject areas preferred.
• More than two years of relevant industry experience.
• GAAP and/or statutory accounting bases.
• Insurance regulatory requirements.
• Complex financial statement preparation, including consolidation of companies/subsidiaries.
• Financial/statistical analysis.
• Principles of taxation and the related impact on financial statement preparation.
• Accounting and/or business computer systems.
• Ability to analyze financial or statistical results and trends and understand complex financial reporting requirements.
• Verbal and written communication skills to communicate professionally with regulators and business partners.
• Ability to understand changes in financial or statistical reporting and legal/regulatory requirements relative to the impact on financial statement preparation, premium and payroll taxes and supplemental or statistical filings and to the formulation of company or business area policies and procedures.
• Ability to operate and maintain efficient financial information networks, systems and software.

Responsibilities

• Prepares and reviews complex federal, state and local statutory financial statements and reports, supplemental and statistical forms and data calls and/or employment, premium, sales/use and personal property tax returns, as well as related journal entries as assigned in accordance with state and federal laws, regulations and/or instructions.
• Assists in reviewing and evaluating quarterly financial results and assists in analyzing trends to ensure accurate reporting, integrity of data and to avoid fines and penalties.
• Stays informed and assists in analyzing the potential impact of pending legislation and proposed new or revised GAAP and statutory accounting policies, as directed.
• Participates in research, analysis and implementation of new and/or revised accounting policies, procedures and disclosures with Accounting policy.
• Ensures the timely initiation of high dollar amounts of related tax and fee payments as required by the state and federal laws, regulations and instructions.
• Provides audit evidence and support to external audit firms and state departments of insurance, under direction.
• Assists in responding to requests and inquiries from external auditors, IRS, state departments and examiners, statistical bureaus and/or other regulatory agencies on analytical inquiries, compliance and/or data quality/integrity matters.
• Helps prepare information to be used in the administration and settlement of financial and tax audits.
• Assists in improving monthly/quarterly close and reporting process.
• Reviews work performed by offshore contractors, as requested and under direction.
• Prepares, reviews and maintains documentation and testing of controls over financial reporting, as assigned.
• Participates in the development and design of new and enhanced systems and processes to produce high-quality results in an efficient manner, while meeting all established and regulatory timelines.
• Prepares special reports and presentations to management and internal customers as advised.
• Participates on selected projects as advised.

Preferred Qualifications

• Other criteria, including leadership skills, competencies and experiences may take precedence.