Director, Reinsurance Accounting
Company: Lincoln Financial Group
Location: Fort Lauderdale
Posted on: May 26, 2023
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Job Description:
Alternate Locations: Work from Home; Atlanta, GA (Georgia);
Austin, TX (Texas); Bakersfield, CA (California); Baltimore, MD
(Maryland); Baton Rouge, LA (Louisiana); Birmingham, AL (Alabama);
Boise, ID (Idaho); Boston, MA (Massachusetts); Buffalo, NY (New
York); Canonsburg, PA (Pennsylvania); Charlotte, NC (North
Carolina); Chicago, IL (Illinois); Cincinnati, OH (Ohio);
Clearwater, FL (Florida); Cleveland, OH (Ohio); Columbia, SC (South
Carolina); Columbus, OH (Ohio); Concord, NH (New Hampshire);
Dallas, TX (Texas); Deerfield Beach, FL (Florida); Denver, CO
(Colorado); Detroit, MI (Michigan); Dover, NH (New Hampshire);
Durham, NC (North Carolina); Edina, MN (Minnesota); Edison, NJ (New
Jersey); El Paso, TX (Texas); Ellicott City, MD (Maryland);
Fayetteville, SC (South Carolina); Florence, SC (South Carolina);
Fort Lauderdale, FL (Florida); Fort Wayne, IN (Indiana); Fort
Worth, TX (Texas); Gainsville, FL (Florida); Glen Allen, VA
(Virginia); Glendale, CA (California); Greensboro, NC (North
Carolina); Greenwood Village, CO (Colorado); Hartford, CT
(Connecticut); Houston, TX (Texas); Huntsville, AL (Alabama);
Indianapolis, IN (Indiana); Irvine, CA (California); Jacksonville,
FL (Florida); Johnson City, TN (Tennessee); Kansas City, KS
(Kansas); Kansas City, MO (Missouri); La Jolla, CA (California);
Lexington, KY (Kentucky); Los Angeles, CA (California); Louisville,
KY (Kentucky); Lutherville, MD (Maryland); Madison, WI (Wisconsin);
Memphis, TN (Tennessee); Miami, FL (Florida); Milwaukee, WI
(Wisconsin); Minneapolis, MN (Minnesota); Nashville, TN
(Tennessee); New Braunfels, TX (Texas); New York, NY (New York);
None; Norwood, OH (Ohio); Omaha, NE (Nebraska); Orlando, FL
(Florida); Palm Desert, CA (California); Paramus, NJ (New Jersey);
Parsippany, NJ (New Jersey); Philadelphia, PA (Pennsylvania);
Phoenix, AZ (Arizona); Pittsburgh, PA (Pennsylvania); Plano, TX
(Texas); Plymouth Meeting, PA (Pennsylvania); Portland, ME (Maine);
Portland, OR (Oregon); Provo-Orem, UT (Utah); Radnor, PA
(Pennsylvania); Raleigh, NC (North Carolina); Richmond, VA
(Virginia); Rochester, NY (New York); Rockville, MD (Maryland);
Rolling Meadows, IL (Illinois); Rye Brook, NY (New York);
Sacramento, CA (California); Salt Lake City, UT (Utah); San
Antonio, TX (Texas); San Antonio, TX (Texas); San Diego, CA
(California); San Francisco, CA (California); San Ramon, CA
(California); Schaumburg, IL (Illinois); Scottsdale, AZ (Arizona);
Seattle, WA (Washington); Southfield, MI (Michigan); St. Louis, MO
(Missouri); St. Petersburg, FL (Florida); Syosset, NY (New York);
Tampa, FL (Florida); Toledo, OH (Ohio); Tucson, AZ (Arizona);
Tupelo, MS (Mississippi); US All Regions; US Midwest; US Northeast;
US Southeast; US Southwest; US West; Vienna, VA (Virginia);
Virginia Beach, VA (Virginia); Walnut Creek, CA (California);
Washington, DC (District of Columbia); Westlake Village, CA
(California); White Plains, NY (New York); Windsor, CT
(Connecticut); Woodmere, OH (Ohio)
Work Arrangement:
Remote : Work at home employee residing outside of a commutable
distance to an office location.
Relocation assistance: is not available for this opportunity.
Requisition #: 71374
General Purpose of Job
This position will provide leadership and direction to ensure group
results for their assigned Reinsurance accounting area(s) of
responsibility. They will direct the preparation, recording,
analysis, and reporting of complex Reinsurance accounting
transactions and ensure the integrity of accounting records for
completeness, accuracy and compliance with accepted accounting
policies and principles.
The Role at a Glance
As the Director of Reinsurance, you will manage staff, help lead
the onboarding of new strategic reinsurance transactions and
administration existing reinsurance. Strategic reinsurance
transactions involve accounting and administration complexities to
be analyzed on a case by case basis as each transaction evolves.
This role will require working with various business areas and key
stakeholders to evaluate the structure of reinsurance transactions
to identify and communicate accounting issues, propose accounting
resolutions, and communicate status to accounting stakeholders. In
this position you will collaborate within the Chief Accounting
Office to provide clarity, on a GAAP and STAT basis, the reporting
of new and existing reinsurance transactions.
What you'll be doing
Evaluate reinsurance transactions, their structure and financial
accounting implications of these transactions.
--- Ability to read reinsurance treaty agreements and apply
concepts in the agreements to the appropriate accounting and
administrative approach.
--- Research accounting guidance and apply appropriate accounting
guidance to complex reinsurance transactions and structures.
--- Understand, evaluate, and conclude on risk transfer as it
applies to new transactions on both a GAAP and Statutory basis.
--- Collaborate on proforma financial statements for new and/or
amended reinsurance accounting transactions.
--- Review and analyze proforma financial statements to determine
impacts of the transactions to the enterprise and ensure proforma
financial statement reporting is accurate.
--- Explain the financial statement impacts of the reinsurance
transaction to key stakeholders and leaders.
--- Evaluate treaty administrative implications of reinsurance
structures to ensure the Reinsurance Accounting team can support
ongoing administrative requirements.
--- Responsible for Reinsurance reporting, internal and external,
on new and current reinsurance transactions.
--- Support a timely and accurate monthly and quarterly financial
close process.
--- Understand the relationship of applicable systems and data
required to account for and support administration of new
transactions as applicable.
--- Develop control processes to ensure effective procedures are in
place to support internal operating and SOX controls as new
transactions are established.
--- Identify and recommend best practice opportunities to improve
efficiencies as new reinsurance processes are established.
--- Provide training and development opportunities, including
stretch assignments, for team members and give honest and open
feedback to aid in the development of talent.
--- Establish and implement individual and team priorities,
performance goals and objectives .
--- Manage and evaluate individual/team performance and take
appropriate action to meet and/or exceed performance standards.
--- Ensure that top talent is hired and retained to support these
responsibilities.
--- Develop and maintain a strong relationship with
internal/external auditors as applicable and ensure identified
issues are resolved in a collaborative manner.
--- Carries out duties in compliance with all state and federal
regulations and guidelines. Complies with all company and site
policies and procedures.
--- Performs other duties as required.
What we're looking for
7+ Years of experience years in accounting that directly aligns
with the specific responsibilities for this position, including 3+
years of managerial, supervisory, and/or demonstrated leadership
experience
--- 4 Year/Bachelor's degree or
--- CPA Certification a Plus, but not required
--- Demonstrated ability to successfully hire, retain, develop and
coach staff via a culture of real-time performance feedback, with
ability to build both technical and leadership skills.
--- Demonstrated strong relationship management skills with
internal clients (e.g. senior management, peers and colleagues);
proven ability to develop creative and collaborative
approaches.
--- Finds common ground and can gain collaboration among senior
management, colleagues and peers; can influence outcomes without
directing or commanding.
--- Demonstrated ability to identify and recommend processes
improvements.
--- Demonstrates strong project management leadership skills
including, critical ability to coordinate and balance multiple
projects in a time-sensitive environment, under pressure, and
meeting deadlines.
--- Proficiency with Microsoft Office Suite (Word, Excel,
PowerPoint, Outlook).
What's it like to work here?
At Lincoln Financial Group, we love what we do. We make meaningful
contributions each and every day to empower our customers to take
charge of their lives. Working alongside dedicated and talented
colleagues, we build fulfilling careers and stronger communities
through a company that values our unique perspectives, insights and
contributions and invests in programs that empower each of us to
take charge of our own future.
What's in it for YOU:
A clearly defined career framework to help you successfully manage
your career
Leadership development and virtual training opportunities
PTO/parental leave
Competitive 401K and employee benefits
(https://hrdirectdocs.lfg.com/misc/HR/Recruiting/BenefitsResourcesGuide.pdf)
Free financial counseling, health coaching and employee assistance
program
Tuition assistance program
A leadership team that prioritizes your health and well-being;
offering a remote work environment and flexible work hybrid
situations
Effective productivity/technology tools and training
Pay Range: $87,700 - $159,900
Actual base pay could vary based on non-discriminatory factors
including but not limited to work experience, education, location,
licensure requirements, proficiency and qualifications required for
the role. The base pay is just one component of Lincoln's total
rewards package for employees. In addition, the role may be
eligible for the Annual Incentive Program, which is discretionary
and based on the performance of the company, business unit and
individual. Other rewards may include long-term incentives, sales
incentives and Lincoln's standard benefits package.
About The Company
Lincoln Financial Group, a Fortune 200 company with over 10,000
employees, provides advice and solutions that help empower
Americans to take charge of their financial lives with confidence.
Our core business areas - Life Insurance, Annuities, Retirement
Plan Services and Group Protection - focus on supporting,
preserving and enhancing over 17 million customer's lifestyles and
retirement outcomes.
Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is
the marketing name for Lincoln National Corporation (NYSE: LNC) and
its affiliates. The company had $324 billion in end-of-period
account values as of June 30, 2021.
Ranked one of the Best Large Employers in America and Best
Employers for Women by Forbes magazine as well as one of Newsweek's
Most Responsible Companies, Lincoln Financial Group makes a serious
investment in our employees' futures through a broad range of
wealth accumulation and protection plans, health and wellness
programs, and career development resources designed to help each
individual reach their personal and professional goals.
Lincoln is committed to creating a diverse and inclusive
(https://www.lfg.com/public/aboutus/companyoverview/diversityinclusion?audience_page_id=1422918942386)
environment and is proud to be an equal opportunity employer. All
qualified applicants will receive consideration for employment
without regard to race, color, religion, gender, gender identity or
expression, sexual orientation, national origin, genetics,
disability, age, or veteran status.
Lincoln Financial Group is a committed corporate citizen included
on major sustainability indices including the Dow Jones
Sustainability Index North America and FTSE4Good. Dedicated to
diversity and inclusion, we earned perfect 100 percent scores on
the Corporate Equality Index and the Disability Equality Index.
Follow us on Facebook
(http://www.facebook.com/lincolnfinancialgroup) , Twitter
(https://mobile.twitter.com/lincolnfingroup) , LinkedIn
(https://www.linkedin.com/company/4307?trkInfo=tas%3Alincoln+financial%2Cidx%3A3-1-3&trk=tyah)
, and Instagram (https://www.instagram.com/lincolnfingroup/) . Sign
up for email alerts at http://newsroom.lfg.com
Be Aware of Fraudulent Recruiting Activities
If you are interested in a career at Lincoln, we encourage you to
review our current openings and apply on our website. Lincoln
values the privacy and security of every applicant and urges all
applicants to diligently protect their sensitive personal
information from scams targeting job seekers. These scams can take
many forms including fake employment applications, bogus interviews
and falsified offer letters.
Lincoln will not ask applicants to provide their social security
numbers, date of birth, bank account information or other sensitive
information in job applications. Additionally, our recruiters do
not communicate with applicants through free e-mail accounts
(Gmail, Yahoo, Hotmail) or conduct interviews utilizing video chat
rooms. We will never ask applicants to provide payment during the
hiring process or extend an offer without conducting a phone, live
video or in-person interview. Please contact Lincoln's fraud team
at fraudhotline@lfg.com if you encounter a recruiter or see a job
opportunity that seems suspicious.
Additional Information
This position may be subject to Lincoln's Political Contribution
Policy. An offer of employment may be contingent upon disclosing to
Lincoln the details of certain political contributions. Lincoln may
decline to extend an offer or terminate employment for this role if
it determines political contributions made could have an adverse
impact on Lincoln's current or future business interests,
misrepresentations were made, or for failure to fully disclose
applicable political contributions and or fundraising
activities.
Any unsolicited resumes/candidate profiles submitted through our
web site or to personal e-mail accounts of employees of Lincoln
Financial Group are considered property of Lincoln Financial Group
and are not subject to payment of agency fees.
Lincoln Financial Group ("LFG") is an Equal Opportunity employer
and, as such, is committed in policy and practice to recruit, hire,
compensate, train and promote, in all job classifications, without
regard to race, color, religion, sex (including pregnancy), age,
national origin, disability, sexual orientation, gender identity
and expression, Veteran status, or genetic information. Applicants
are evaluated on the basis of job qualifications. If you are a
person with a disability that impedes your ability to express your
interest for a position through our online application process, or
require TTY/TDD assistance, contact us by calling 260-455-2558.
This Employer Participates in E-Verify. See the E-Verify
(https://www.e-verify.gov) notices.
Este Empleador Participa en E-Verify. Ver el E-Verify
(https://www.e-verify.gov/es) avisos.
Lincoln Financial Group ("LFG") is an Equal Opportunity employer
and, as such, is committed in policy and practice to recruit, hire,
compensate, train and promote, in all job classifications, without
regard to race, color, religion, sex (including pregnancy), age,
national origin, disability, sexual orientation, gender identity
and expression, veterans status, or genetic information.
Opportunities throughout LFG are available to employees and
applicants and are evaluated on the basis of job qualifications. We
have a drug free work environment and we perform pre-employment
substance abuse testing.
Keywords: Lincoln Financial Group, Fort Lauderdale , Director, Reinsurance Accounting, Accounting, Auditing , Fort Lauderdale, Florida
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