What are the responsibilities and job description for the Finance Reporting Manager position at Aspida?
Company Description:
Aspida is a tech-driven, nimble insurance carrier. Backed by Ares Management Corporation, a leading global alternative asset manager, we offer simple and secure retirement solutions and annuity products with speed and precision. More than that, we’re in the business of protecting dreams; those of our partners, our producers, and especially our clients. Our suite of products, available through our elegant and intuitive digital platform, focuses on secure, stable retirement solutions with attractive features and downside protection. A subsidiary of Ares Management Corporation (NYSE: ARES) acts as the dedicated investment manager, capital solutions and corporate development partner to Aspida. For more information, please visit www.aspida.com or follow them on LinkedIn.
Who We Are:
Sometimes, a group of people come together and create something amazing. They don’t let egos get in the way. They don’t settle for the status quo, and they don’t complain when things get tough. Instead, they see a common vision for the future and each person makes an unspoken commitment to building that future together. That’s the culture, the moxie, and the story of Aspida.
Our business focuses on annuities and life insurance. At first, it might not sound flashy, but that’s why we’re doing things differently than everyone else in our industry. We’re dedicated to developing data-driven tech solutions, providing amazing customer experiences, and applying an entrepreneurial spirit to everything we do. Our work ethic is built on three main tenets: Get $#! Done, Do It with Moxie, and Have Fun. If this sounds like the place for you, read on, and then apply at aspida.com/careers.
What We Are Looking For:
The GAAP Financial Reporting Manager will be responsible for overseeing the preparation and submission of financial reports and statements in accordance with Generally Accepted Accounting Principles (GAAP) for the life insurance company. This role will ensure compliance with all relevant regulations, assist in the interpretation and application of accounting standards, and provide leadership to the financial reporting team. The manager will also work closely with external auditors, actuarial teams, and other internal departments to ensure accuracy, transparency, and timeliness in reporting. This role is required to be onsite 3 days a week at our Durham, NC headquarters.
What You Will Do:
- Lead the preparation of quarterly and annual GAAP financial statements, including balance sheets, income statements, and cash flow statements.
- Ensure the timely and accurate submission of reports to senior management and external stakeholders.
- Coordinate with the actuarial, legal, and operational departments to gather data for financial reporting.
- Responsible for reviewing and approving journal entries and account reconciliations. Oversee the processing and recording of monthly transactions within the General Ledger. Oversee compilation, summary, review and analysis of information for consistency and reasonableness.
- Ensure compliance with GAAP, including new and emerging accounting standards specific to life insurance, such as ASC 944.
- Maintain internal controls to ensure compliance with Sarbanes-Oxley (SOX) and other regulatory requirements.
- Liaise with external auditors during quarterly reviews and annual audits, providing necessary documentation and addressing audit inquiries.
- Lead initiatives to improve the efficiency and accuracy of the financial reporting process, including automation and system enhancements.
- Implement best practices for financial reporting within the life insurance industry, and continuously seek opportunities to streamline reporting functions.
- Oversee the extraction and integration of financial data from the company’s ERP system and data warehouse sources to ensure accuracy in GAAP reporting.
- Collaborate with IT and data management teams to ensure data consistency, availability, and security in the financial reporting process.
- Analyze and validate data obtained from ERP systems (e.g., Oracle) and other financial data platforms to support accurate reporting and ensure proper data flow into GAAP financial statements.
What We Provide:
- Salaried, DOE
- Full-Time
- Full Benefits Package Available
What We Believe:
At Aspida Financial Services, LLC, we are committed to creating a diverse and inclusive environment and are proud to be an equal opportunity employer. As such, Aspida does not and will not discriminate in employment and personnel practices on the basis of race, sex, age, handicap, religion, national origin or any other basis prohibited by applicable law. Hiring, transferring and promotion practices are performed without regard to the above listed items.
Requirements
What We Require:
- BA / BS in business, finance, or related degree
- Proficiency in critical software, including advanced skills in Excel and PowerPoint
- Excellent analytical, problem solving, and communication skills
- Ability to manage multiple priorities effectively
- Ability to work well as an individual and collaboratively with other team members - Listening to and valuing others' opinions
- Attention to detail and accuracy in financial reporting
