Assistant Controller

Posted 2 Days Ago
Be an Early Applicant
Warren, NJ
In-Office
150K-170K Annually
Senior level
Insurance • Financial Services
The Role
Lead financial reporting and regulatory filings for US GAAP and NAIC statutory accounting. Oversee monthly/quarterly/annual close, audits, reporting to parent company, supervise accounting staff, and drive close-process improvements and system projects.
Summary Generated by Built In

MSIG USA continues to grow! 

Company Overview:

MSIG USA is the US-based subsidiary of MS&AD Insurance Group Holdings, Inc., one of the world’s top P&C carriers and a global Class 15 insurer, with A+ ratings and a reach that spans 40+ countries and regions. Leveraging our 350-year heritage, MSIG USA brings the financial strength, expertise, and global footprint to offer commercial insurance solutions that address your business’s unique risks.

Summary/Job Purpose:

The Financial Reporting Lead is responsible for ensuring the organization’s internal and external financial reporting, analysis of Statutory and US GAAP financial statements and regulatory filings are completed on a timely basis. This includes overseeing the accounting staff and when necessary preparing financial information for the monthly, quarterly and annual close processes. In addition, the role will include overseeing the financial reporting to our parent company, MS&AD, and the related accounting to conform to MS&AD standards.

Essential Functions:

Financial Reporting

Assist in managing the preparation and review of financial statements including disclosures for the Company’s quarterly and annual reporting requirements.

Assist in managing state regulatory filings to ensure state regulator deadlines are met.

Assist in managing the monthly, quarterly and annual close process by ensuring all entries, account reconciliations and other close matters are completed on a timely basis.

Assist in managing the quarterly/annual audits by both internal and external auditors.

Assist in home office financial analysis and reporting requirements to Japan by preparing and/or reviewing adjusting entries to ensure compliance with home office accounting policies.

Utilize critical thinking skills to help streamline the close process via efficiency and automation.

Establish and maintain strong working relationships with key functional departments, including but not limited to Treasury, Investments, Actuarial, Tax, Legal and Internal Audit.

Other Responsibilities

Ensure strong internal control environment around documentation financial reporting and disclosures.

Ensure appropriate training and cross training of staff members.

Back up the Accounting Manager responsibilities.

Other projects as assigned by your manager, such as new system implementation or analysis of certain financial data.

Supervisory Responsibilities:

Must supervise, train and mentor the Accounting staff in their accounting and financial reporting responsibilities.  Carry out supervisory responsibilities in accordance with the organization’s policies and applicable laws.  Responsibilities include interviewing, hiring and training employees; planning, assigning, and directing work; appraising performance; rewarding and correcting employees; addressing complaints and resolving problems.   

Qualifications:

To perform this job successfully, an individual must be self-motivated, exhibit critical thinking skills and be able to perform each essential duty satisfactorily.  The requirements listed below are representative of the knowledge, skill, and /or ability required.  Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

Education and Experience Required:

  • Bachelor’s degree in Accounting or Finance required
  • CPA preferred
  • 5+ years of accounting experience; property and casualty insurance experience required
  • Knowledge of US GAAP and NAIC Statutory accounting and reporting requirements
  • Management experience required
  • Experience with Workday is a plus

SALARY: The estimated salary range for this position is $150,000.00 - $170,000.00 per year. This is a good-faith assessment of the salary range for this position only. In determining the actual salary within this range, MSIG USA will consider a candidate’s relevant experience, location, and other job-related factors.
Additional Benefits:  

  • Healthcare and Retirement Benefits

  • Comprehensive medical, dental, and vision coverage

  • 401(k) with a generous employer match and profit-sharing contribution

  • Wellness incentive program

  • Life and accidental death and dismemberment (AD&D) insurance

  • Flexible spending programs

  • Short-term and long-term disability plans

Additional Benefit Programs

  • Paid time off program

  • Paid charitable leave

  • Paid parental leave

  • Tuition reimbursement program

  • Personal insurance (auto/homeowners) discounts

It's an exciting time for our company and a great opportunity to join a financially sound and growing global insurance group!  

It is the policy of MSIG USA to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, MSIG USA will provide reasonable accommodations for qualified individuals with disabilities.

Top Skills

Workday,Us Gaap,Naic Statutory
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The Company
New York, New York
644 Employees

What We Do

MSIG USA is the partner that businesses rely on for creative, customized insurance solutions. Owned by a global P&C carrier with an A+ rating and a 300-year heritage, MSIG USA helps protect leading businesses across a wide range of industries. The company’s financial strength and deep capacity enable it to cover a wide range of risks and deliver responsive, personalized service through a nationwide team. MSIG USA is admitted in all P&C lines in all 50 states, the District of Columbia, and Puerto Rico.

MSIG USA is the marketing name used to refer to certain underwriting subsidiaries of MSIG Holdings (U.S.A.), Inc. (“MSIGH”), and its subsidiary companies. U.S. Companies Only: MSIG insurers are subsidiaries of Mitsui Sumitomo Insurance Company, Limited, a member of MS & AD Insurance Group. MSIG refers to the insurers underwriting coverage: Mitsui Sumitomo Insurance Company of America, Mitsui Sumitomo Insurance USA Inc. and MSIG Specialty Insurance USA Inc

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