Assistant Director Of Reinsurance Financial Reporting

What You'll Do
We're looking for an Assistant Director of Reinsurance Financial Reporting to join our Benefits & Protection Finance & Accounting team. In this role, you'll collaborate with the accounting research lead and actuarial team to conduct reinsurance and financing transaction accounting research, translate that research into initial and ongoing journal entries, and develop and oversee ongoing accounting processes.

• Transactions primarily related to external life and group reinsurance arrangements.
• Review legal documentation, connecting it to relevant GAAP and statutory accounting guidance and develop accounting conclusions.
• Translate accounting research conclusions into initial and ongoing transaction journal entries.
• Ownership of developing accounting conclusions and implications, both strategic and operational, to identify the financial impact, and achieving organizational objectives. Advise on actions or options to improve outcomes.
• Point person for external life and group reinsurance, relationship management, and issue resolution.
• In collaboration with subject matter experts, design and implement efficient and controlled accounting processes ensuring compliance with reinsurance agreements, relevant accounting standards and corporate guidelines.
• Ensure processes are appropriately documented, backed-up and have appropriate review controls.
• Proactively communicate relevant information to impacted parties.
• Provide back-up and support for captive reinsurance arrangements.
• Process improvement for external life and group external reinsurance accounting and reporting processes
• Other duties across Benefits and Protection accounting and reporting team to be assigned as needed, including monthly close processing and statutory reporting.

Who You Are

• Bachelor's degree in accounting or finance or 8+ years equivalent experience
• 8+ years of relevant experience required
• CPA or other applicable certifications preferred
• Reinsurance experience is ideal

Salary Range Information
Salary ranges below reflect targeted base salaries. 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 for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer.
Salary Range
$123000 - $167000 / year
Additional Information
Work Environments
This role offers in-office, hybrid (blending at least three office days in a typical workweek), and remote work arrangements. You'll work with your leader to figure out which option may align best based on several factors.
Work Authorization/Sponsorship
At this time, we're not considering applicants that need any type of immigration sponsorship (additional work authorization or permanent work authorization) now or in the future to work in the United States. This includes, but IS NOT LIMITED TO: F1-OPT, F1-CPT, H-1B, TN, L-1, J-1, etc. For additional information around work authorization needs please use the following links.
Nonimmigrant Workers and Green Card for Employment-Based Immigrants
Investment Code of Ethics
For Principal Asset Management positions, you'll need to follow an Investment Code of Ethics related to personal and business conduct as well as personal trading activities for you and members of your household. These same requirements may also apply to other positions across the organization.
Experience Principal
At Principal, we value connecting on both a personal and professional level. Together, we're imagining a more purpose-led future for financial services - and that starts with you. Our success depends on the unique experiences, backgrounds, and talents of our employees. And we support our employees the same way we support our customers: with comprehensive, competitive benefit offerings crafted to protect their physical, financial, and social well-being. Check out our careers site to learn more about our purpose, values and benefits.
Principal is an Equal Opportunity Employer
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.
Posting Window
We will be accepting applications for at least 3 days from when the job was originally posted, after which we may keep open or remove the posting based upon applications we receive. Please submit applications in a timely manner as there is no guarantee the posting will be available beyond 3 days of the original posting date.
Date First Posted (TTF)
12/15/2023
LinkedIn Remote Hashtag
#LI-Remote