Prosperity Life

GAAP Reporting Senior Accountant

Prosperity Life  •  New York City, NY (Onsite)  •  4 days ago
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Job Description

Summary
Prosperity Life Insurance Group, LLC is seeking a talented US GAAP Financial Reporting Senior Accountant to assist with the preparation and consolidation of financial statements in accordance with US GAAP. Candidates should have strong oral and written communication skills, and experience with life and annuity insurance companies is a strong plus.
Major Duties and Responsibilities
• Prepare and record journal entries for monthly, quarterly, and annual financial reporting closings.
• Perform reconciliations of ledger balances back to source data.
• Review and monitor suspense account balances, taking appropriate corrective actions as needed.
• Ensure proper intercompany eliminations for consolidation within the financial reporting system.
• Ensure accurate and timely reporting of financial data.
• Assist in preparing quarterly, semi-annual, and annual financial statements.
• Collaborate closely with the finance team to ensure compliance with reporting requirements.
• Support auditors and/or state examiners by providing requested information and documentation.
• Perform additional responsibilities as required.

Supervisory Responsibilities
This job currently does not have supervisory responsibilities.

Job Qualifications

• Being self-motivated to succeed in an autonomous work environment.
• Sharp attention to detail is a key priority.
• Strong analytical, organizational, and problem-solving skills.
• Demonstrate strong initiative and ability to take on new and challenging assignments.
• Proven ability to work under tight deadlines and stressful situations with attention to detail.
• Accountable for quality, accuracy, and results of operational data.
• Fluent with advanced Excel spreadsheet functions.
• Experience with consolidation is a must.
• Previous experience with life and annuity insurance companies and/or Oracle is a strong plus.

Education and/or Experience and Skills
• Bachelor’s degree in Accounting.
• 4+ years of professional work experience.
• Experience in financial reporting and preparation of consolidated financial statements.
• Knowledge of US GAAP.
• Ability to multi-task and adjust quickly in a fast-paced environment, with the ability to change priorities to meet critical deadlines.
• Position requires proficiency and accuracy in using computer system databases.

Physical Demands
While performing the duties of this job, the employee is frequently required to sit. The employee is occasionally required to talk or hear. Specific vision abilities required by this job include close vision. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
Prosperity Life

About Prosperity Life

Prosperity Life Group knows that for a future to flourish, it needs to be nurtured, cared for and protected. Since 1916, we’ve helped individuals and their families by providing life insurance, asset accumulation and supplemental health products to help them achieve their goals—whatever they may be. Today we stand stronger than ever with more than 300,000 policies, all rooted in innovation, empathy and advice.

Together, we can let life flourish.

AM Best financial strength ratings:

• A- (Excellent) rating

• A- Long-term creditor rating

• 4th highest of 15 ratings

• Stable Outlook

Prosperity’s insurance operating subsidiaries also have a Kroll rating of A-.

Prosperity Life Group is a marketing name for Prosperity Group Holdings, LP and its subsidiaries. Life insurance, annuities and supplemental health products are underwritten by SBLI USA Life Insurance Company, Inc. (SBLI USA), headquartered in New York, NY, and S.USA Life Insurance Company, Inc. (S.USA) and Shenandoah Life Insurance Company (Shenandoah Life), both headquartered in Roanoke, VA. Only SBLI USA is an authorized New York insurer. S.USA and Shenandoah Life are not authorized as insurers in, and do not do insurance business in, New York. Each underwriting company is responsible for its own financial and contractual obligations. SBLI USA Life Insurance Company, Inc. is not affiliated with The Savings Bank Mutual Life Insurance Company of Massachusetts or The Savings Bank Life Insurance Company of Connecticut.

Industry
Finance & Insurance
Company Size
201-500 employees
Headquarters
New York, NY
Year Founded
1916
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