Reinsurance Accounting and Financial Reporting Manager

Job Description:

Providing for loved ones, planning rewarding retirements, saving enough for whatever lies ahead – our policyholders count on us to be there when it matters most. It’s a big ask, but it’s one that we have the power to deliver when we work together. We collaborate and innovate – pushing one another to transform not just Pacific Life, but the entire industry for the better. Why? Because it’s the right thing to do. Pacific Life is more than a job, it’s a career with purpose. It’s a career where you have the support, balance, and resources to make a positive impact on the future – including your own.
 

Pacific Life is investing in bright, agile, and diverse new talent to ensure we continue to innovate and strengthen relationships with our policyholders. That’s why we’re actively seeking a talented Financial Reporting Manager to join our team to support our Reinsurance Financial Reporting function. (This role is an individual contributor position.)

If you’re experienced professional in the financial services industry with strong technical grasp of insurance and reinsurance, you’re a great fit for this role. Technical capabilities aside, if you’re a mission-driven self-starter who’s comfortable with ambiguity, and who thrives in a fast-paced, collaborative culture, you’re a perfect fit for Pacific Life.

This role is based in our brand-new Charlotte, NC office, to be connected with a team spanning across the continental US.

• This role is hybrid. We believe in empowering our employees to get work done both in and out of the office.
How you’ll help move us forward:

• Drive key initiatives that support the Reinsurance accounting and financial reporting function

• Design, plan, and execute monthly, quarterly, and annual deliverables and related internal controls

• Develop and provide concise, relevant, meaningful reporting and analysis to facilitate management’s review of the financial results.

• As a Reinsurance subject matter expert, contribute interpretation, advice, and perspective especially on highly technical and complex subject matters

• Communicate issues and the business impact to management, offer perspective and solutions

• Communicate our agreements, business, and accounting considerations and perspective to key business partners throughout the organization at various levels

Stay at the cutting edge of reinsurance accounting issues:

• Lead efforts to design accounting entries and reporting requirements for new transactions, treaties, and events

• Coordinate with SMEs and stakeholders in actuarial, accounting, reporting, tax, and technology teams

• Develop a network to draw on expertise and ask the right questions

• Draw conclusions and make recommendations in accordance with technical guidance and knowledge of industry practice

Lead analysis and reporting initiatives:

• Design and prepare quarterly analysis of results and trends to drive business insights

• Understand and communicate key drivers and divisional impacts and impacts to key stakeholders throughout financial close process

• Ensure impacts of specific business events are clearly represented appropriately in our accounting results and documented in our financial reporting

Support the controllership function:

• Prepare or approve journal entries as needed

• Prepare or approve account reconciliations as needed

• Prepare or review settlements

• Support audit requests

• Support Finance projects and initiatives, both small scale and transformative

Serve as a SME:

• Be recognized as an expert within the organization both within and beyond own function

• Interpret internal or external business issues and recommends process, product, or service improvements

• Contribute to the development of functional strategy

• Solve unique or complex problems that have a broad impact on the business

• Take a broad perspective to identify innovative solutions

• Explain technical concepts, adapted to various levels, including subordinates, peers, and management, with varying levels of familiarity with reinsurance accounting

Factors for Success:

• Work independently, with guidance in only the most complex situations.

• Regularly exercise patience, willingness to learn, due care, technical thoughtfulness

• Understand and apply accounting and financial reporting principles, insurance and reinsurance knowledge, and general business acumen

• Apply best practices and knowledge of business issues to improve services and solve long-term problems

• Lead efforts to tackle complex problems, applying ingenuity and creativity to develop solutions.

• Proactively learn relevant systems, products, and business models

• Proactively engage in knowledge sharing and peer training.

The experience you bring:

• Proficiency with Microsoft Office, including Excel, Teams, Outlook etc.

• 10+ years of experience in Accounting, Financial Reporting, Insurance, and/or Reinsurance

• Ability to manage multiple responsibilities under tight time frames

• Possesses excellent oral and written communication skills

• Strong technical, analytical, and problem-solving skills

• Strong organizational skills, ability to work well in deadline-driven environment

• Strong accountability, customer focus, and collaboration

• Comfortable with collaborating with all levels of management

What makes you stand out:

• Insurance industry experience, especially with reinsurance

• Experience or certification with Oracle, Essbase, Alteryx, Snowflake

• CPA candidacy or licensure

You can be who you are.
People come first here. We’re committed to a diverse, equitable and inclusive workforce. Learn more about how we create a welcoming work environment through Diversity, Equity, and Inclusion at www.pacificlife.com. What’s life like at Pacific Life? Visit Instagram.com/lifeatpacificlife.
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Base Pay Range:

The base pay range noted represents the company’s good faith minimum and maximum range for this role at the time of posting. The actual compensation offered to a candidate will be dependent upon several factors, including but not limited to experience, qualifications and geographic location. Also, most employees are eligible for additional incentive pay.

Your Benefits Start Day 1  
 

Your wellbeing is important to Pacific Life, and we’re committed to providing you with flexible benefits that you can tailor to meet your needs. Whether you are focusing on your physical, financial, emotional, or social wellbeing, we’ve got you covered.

• Prioritization of your health and well-being including Medical, Dental, Vision, and Wellbeing Reimbursement Account that can be used on yourself or your eligible dependents

• Generous paid time off options including: Paid Time Off, Holiday Schedules, and Financial Planning Time Off

• Paid Parental Leave as well as an Adoption Assistance Program

• Competitive 401k savings plan with company match and an additional contribution regardless of participation

EEO Statement:

Pacific Life Insurance Company is an Equal Opportunity /Affirmative Action Employer, M/F/D/V. If you are a qualified individual with a disability or a disabled veteran, you have the right to request an accommodation if you are unable or limited in your ability to use or access our career center as a result of your disability. To request an accommodation, contact a Human Resources Representative at Pacific Life Insurance Company.