Job Description SummaryThis role is with ERAC, Employers Reassurance Corporation and a corporate holding of GE Aerospace. We are a reinsurance company supporting the long-term care insurance, structure settlements and Life along with other insurance products. Responsible for driving technical accounting compliance, financial and operational internal controls, process simplification, and operational excellence to deliver accurate actual financial reporting and analysis for both Statutory and US GAAP. Leads continuous process improvements initiatives. Has in-depth knowledge of best practices and how own area integrated with others; Stays informed of industry trends that may influence workJob Description
Roles and Responsibilities
- Prepare and coordinate quarterly Statutory Accounting Practices (SAP) and Generally Accepted Accounting Principles (GAAP) financial statements, including detailed analysis, supplemental schedules and disclosures; coordinate internal reviews.
- Prepare and coordinate annual SAP statements and audited financial statements, including detailed analysis, supplemental schedules and disclosures; coordinate internal reviews.
- Complete periodic NAIC financial statement data and other regulatory filings
- Prepare and review ERAC's legal entity Board reports
- Support internal and external audits.
- Initiate and drive simplification initiatives and projects to continuously improve controllership environment, primarily related to financial reporting processes
- Support other ERAC, regulatory and strategic/operational initiatives
Required Qualifications
- Bachelor's degree in accounting or finance
- Minimum 6 years of accounting or finance experience
- Insurance industry experience in finance
- Financial reporting experience
Desired Characteristics
- Certified Public Accountant (CPA) or equivalent certification
- Public Accounting experience; demonstrated expertise in SAP and GAAP accounting
- Experience with OSFI regulatory reporting and IFRS accounting a plus
- Leadership experience with senior management interaction
- Demonstrated experience influencing and communicating at all levels across the business and managing multiple priorities
- Demonstrated oral and written communication skills and ability to work cross-functionally
- Proven project management and coordination skills
- Proficient use of financial systems and Microsoft Office (e.g., Excel, Word, PowerPoint)
The base pay range for this position is $110,200 to $155,200. The specific pay offered may be influenced by a variety of factors, including the candidate’s experience, education, and skill set. This position is also eligible for an annual discretionary bonus based on a percentage of your base salary/ commission based on the plan. This posting is expected to close on March 25, 2025 Healthcare benefits include medical, dental, vision, and prescription drug coverage; access to a Health Coach, a 24/7 nurse-based resource; and access to the Employee Assistance Program, providing 24/7 confidential assessment, counseling and referral services. Retirement benefits include the GE Retirement Savings Plan, a tax-advantaged 401(k) savings opportunity with company matching contributions and company retirement contributions, as well as access to Fidelity resources and planning consultants. Other benefits include tuition assistance, adoption assistance, paid parental leave, disability insurance, life insurance, and paid time-off for vacation or illness.
General Electric Company, Ropcor, Inc., their successors, and in some cases their affiliates, each sponsor certain employee benefit plans or programs (i.e., is a “Sponsor”). Each Sponsor reserves the right to terminate, amend, suspend, replace, or modify its benefit plans and programs at any time and for any reason, in its sole discretion. No individual has a vested right to any benefit under a Sponsor’s welfare benefit plan or program. This document does not create a contract of employment with any individual.
Additional Information
GE Aerospace offers a great work environment, professional development, challenging careers, and competitive compensation. GE Aerospace is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.
GE Aerospace will only employ those who are legally authorized to work in the United States for this opening. Any offer of employment is conditioned upon the successful completion of a drug screen (as applicable).
Relocation Assistance Provided: No
#LI-Remote - This is a remote position
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