Accountant - Closed Block Business

Overview:

This role is responsible for executing accounting, financial reporting, reconciliations, and analysis activities for Closed Block operations, with specialization in Retirement Recordkeeping business. This team member will develop expertise in their respective area while cross-training to provide finance support across our Closed Block business.

This position partners with internal business stakeholders, third-party administrators, auditors, actuaries, and finance leadership to ensure accurate financial reporting, strong controls, and continuous process improvement. The role offers opportunities to participate in strategic initiatives, system enhancements, and accounting projects while contributing to both GAAP and Statutory reporting requirements.

Job Responsibilities include but not limited to:

• Prepare and analyze monthly, quarterly, and annual financial reporting for Closed Block operations, including both GAAP and Statutory reporting requirements.

• Ensure accounting transactions are recorded accurately and timely and support the integrity of financial results.

• Perform reconciliations of financial statements, settlement statements, reinsurance activity, and related accounting records.

• Execute financial reporting tasks supporting reporting cycles, controls, management reporting, regulatory filings, and audited financial statements.

• Deliver independent analysis and interpretation of financial results used with management and appropriate external parties.

• Build trusted partnerships with third-party administrators and internal stakeholders to reconcile financial information, investigate variances, and resolve accounting issues.

• Develop, document, and maintain accounting procedures, controls, and reporting processes.

• Support testing, validation, and implementation of accounting system enhancements, automated accounting feeds, and process improvements.

• Respond to inquiries and provide financial information to auditors, regulators, insurance examiners, rating agencies, and company leadership.

• Monitor completion of reporting deliverables and ensure deadlines are consistently achieved.

• Identify opportunities to improve efficiency, strengthen controls, and enhance reporting capabilities.

• Collaborate with Finance, Actuarial, Risk, Operations, and Technology teams on closed block initiatives, special projects, or emerging requirements.

Qualifications:

• 5+ years of experience with knowledge of general GAAP accounting principles in order to apply correct financial statement treatment. 

• General understanding of statutory insurance accounting principles / financial reporting.

• Strong analytical and problem-solving skills with the ability to interpret financial results.

• Proven organization and planning skills to direct/coordinate numerous activities for internal and external financial statement production and distribution.

• Communication skills to respond to questions and provide quality service to business and other stakeholders.

• Leadership skills to execute activities for certain special projects.

• High attention to detail and commitment to accuracy.

Preferred Qualifications:

• Insurance industry accounting experience.

• Experience with reinsurance accounting and reporting.

• Understanding of retirement recordkeeping products and operations.

• Experience supporting system implementations, accounting automation, or process improvement initiatives.

• CPA or progress toward CPA designation.

* Internal Securian Financial job title for this position is Financial Reporting Sr. Analyst. (P2) or Financial Reporting Consultant (P3) *

Securian Financial believes in hybrid work as an integral part of our culture. Associates get the benefit of working both virtually and in our offices. If you’re in a commutable distance (90 minutes) you’ll join us 3 days each week in our offices to collaborate and build relationships. Our policy allows flexibility for the reality of business and personal schedules.

Preferred Skills:

Accounting, Business Acumen, Critical Thinking, Detail-Oriented, Expectation Management, Problem Solving, Verbal Communications

The estimated base pay range for this job is:

$73,700.00 - $136,800.00

Pay may vary depending on job-related factors and individual experience, skills, knowledge, etc. More information on base pay and incentive pay (if applicable) can be discussed with a member of the Securian Financial Talent Acquisition team.

Be you. With us. At Securian Financial, we understand that attracting top talent means offering more than just a job – it means providing a rewarding and fulfilling career. As a valued member of our high-performing team, we want you to connect with your work, your relationships and your community. Enjoy our comprehensive range of benefits designed to enhance your professional growth, well-being and work-life balance, including the advantages listed here:

Paid time off:

• We want you to take time off for what matters most to you. Our PTO program provides flexibility for associates to take meaningful time away from work to relax, recharge and spend time doing what’s important to them. And Securian Financial rewards associates for their service by providing additional PTO the longer you stay at Securian. 
• Leave programs: Securian’s flexible leave programs allow time off from work for parental leave, caregiver leave for family members, bereavement and military leave.
• Holidays: Securian provides nine company paid holidays.

Company-funded pension plan and a 401(k) retirement plan: Share in the success of our company. Securian’s 401(k) company contribution is tied to our performance up to 10 percent of eligible earnings, with a target of 5 percent. The amount is based on company results compared to goals related to earnings, sales and service.

Health insurance: From the first day of employment, associates and their eligible family members – including spouses, domestic partners and children – are eligible for medical, dental and vision coverage.

Volunteer time: We know the importance of community. Through company-sponsored events, volunteer paid time off, a dollar-for-dollar matching gift program and more, we encourage you to support organizations important to you.

Associate Resource Groups: Build connections, be yourself and develop meaningful relationships at work through associate-led ARGs. Dedicated groups focus on a variety of interests and affinities, including:

• Environmental Health & Sustainability
• Mental Wellness and Disability
• Pride at Securian Financial
• Securian Young Professionals Network
• Securian Multicultural Network
• Securian Women and Allies Network
• Servicemember Associate Resource Group

For more information regarding Securian’s benefits, please review our Benefits page.

This information is not intended to explain all the provisions of coverage available under these plans. In all cases, the plan document dictates coverage and provisions.

Securian Financial Group, Inc. does not discriminate based on race, color, religion, national origin, sex, gender, gender identity, sexual orientation, age, marital or familial status, pregnancy, disability, genetic information, political affiliation, veteran status, status in regard to public assistance or any other protected status. If you are a job seeker with a disability and require an accommodation to apply for one of our jobs, please contact us by email at Employment@Securian.com, by telephone 651-655-5522 (voice), or 711 (Relay/TTY).

Securian Financial is a drug-free workplace.

To view our privacy statement click here

To view our legal statement click here