Accounting Director - Statutory Reporting at Continental Casualty Company in Chicago, Illinois

Job Description:

Supervisory Position: Yes

Description

Job Summary

This Director position leads and directs the team responsible for the timely and accurate completion of all quarterly and annual Statutory financial statements and related filings, ensuring compliance with NAIC and other regulatory requirements. The team also has oversight of various intercompany accounting processes and is responsible for the development, analysis and distribution of key internal financial reports. The role provides opportunities to collaborate with a variety of teams across the organization and utilize new technologies, as we strive to continually enhance and improve processes. This role provides significant opportunities to enhance and develop insurance accounting and reporting skills and has high visibility to senior management.

The Statutory Reporting team is part of Corporate Financial Services, CNA's corporate controller organization. The group leads CNA's financial close process, driving efficient accounting and related analysis, along with meaningful internal and external reporting. The group's responsibilities encompass property & casualty and life & group insurance, reinsurance and corporate accounting as well as technical advisory, financial control, services operations and SEC/GAAP and Statutory reporting.

Essential Duties & Responsibilities

1. Reviews quarterly and annual Statutory financial statements, and other financial reports and regulatory filings for accuracy.


2. Oversees the monthly intercompany accounting processes.


3. Directs the work activities and has full management responsibility for the performance and development of the team.


4. Understands the Company's products, services, and the required regulatory reporting requirements and disclosures.


5. Investigates financial results; understands and communicates the impact to management.


6. Leads process improvement initiatives that enhance the efficiency and accuracy of financial reporting.


7. Participates in technical accounting research and in determining the proper reporting treatment of complex or unusual transactions.


8. Liaisons with internal and external auditors and provides necessary support.

May perform additional duties as assigned.

Reporting Relationship

AVP or VP

Skills, Knowledge & Abilities

1. Highest level understanding and working knowledge of current accounting/finance principles, practices and procedures and industry issues (U.S. GAAP and Statutory Accounting) as they relate to the organization.


2. Ability to effectively lead, coach and develop the team while encouraging creativity and innovation.


3. Ability to achieve results by taking a proactive long-term view of business goals and objectives.


4. Excellent analytical and problem-solving skills, with the ability to manage and prioritize multiple projects.


5. Excellent organizational skills.


6. Excellent written and verbal communication and presentation skills, with the ability to interface with departmental staff, internal and external management, customers and other business units.


7. Ability to exercise professional judgment and assume responsibility for decisions which have an impact on people and quality of service.


8. Strong computer skills including Microsoft Office Suite; experience with other business-related software systems preferred.

Education & Experience

1. Bachelor's Degree in Finance or Accounting; CPA preferred.


2. Typically, a minimum of nine to twelve years related work experience.


3. Audit experience in a large public accounting firm and/or public company reporting experience is preferred.

*LI-MR1

Job

Finance and Accounting

Primary Location

United States-Illinois-Chicago

Organization

Finance (FIN)

Job Posting

Jul 27, 2021

Unposting Date

Ongoing

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