What are the responsibilities and job description for the Sr. Insurance Accounting Associate position at Hyundai Capital America?
Description
Who We Are
Through our service brands Hyundai Motor Finance, Genesis Finance, and Kia Finance, Hyundai Capital America offers a wide range of financial products tailored to meet the needs of Hyundai, Genesis, and Kia customers and dealerships. We provide vehicle financing, leasing, subscription, and insurance solutions to over 2 million consumers and businesses. Embodying our commitment to grow, innovate, and diversify, we strive to reimagine the customer and dealer experience and launch innovative new products that broaden our market reach. We believe that success comes from within and are proud to support our team members through skill development and career advancement. Hyundai Capital America is an Equal Opportunity Employer committed to creating a diverse and inclusive culture for our workforce. We are a values-driven company dedicated to supporting both internal and external communities through volunteering, philanthropy, and the empowerment of our Employee Resource Groups. Together, we strive to be the leader in financing freedom of movement.
We Take Care of Our People
Along with competitive pay, as an employee of HCA, you are eligible for the following benefits :
- Medical, Dental and Vision plans that include no-cost and low-cost plan options
- Immediate 401(k) matching and vesting
- Vehicle purchase and lease discounts plus monthly vehicle allowances
- Paid Volunteer Time Off with company donation to a charity of your choice
- Tuition reimbursement
What to Expect
The Sr. Insurance Accounting Associate will provide accounting and financial reporting support, primarily focusing on HCI's insurance product portfolio and reinsurance accounting and act as a lead for lower-level associates. Key responsibilities include assisting with annual HCI financial statement audits, ensuring KSOX compliance, participating in UAT testing for system changes and integrations, supporting HCI product launches, preparing journal entries with appropriate documentation, creating reports and analyzing key performance drivers within the function.
What You Will Do
1. Support assigned month-end close tasks, including but not limited to monthly / quarterly / annual variance analysis, unusual journal entries, intercompany tie outs, unclaimed property reporting, and quarter end footnote disclosures. Coordinate with external program administrator and external auditors to support annual audit PBCs and preparation of financial statements and relevant footnotes.
2. Act as main contact for reinsurance accounting programs, update monthly dealer structures, review and provide approval for monthly dealer statement issuance. Support HCI product launches and prepare UAT documentations to satisfy control requirements under Korean Sarbanes-Oxley (KSOX).
3. Prepare assigned monthly general ledger account reconciliations; conduct investigations regarding variances and suggest various resolutions to address discrepancies. Identify process improvement opportunities and utilize automation tools for reconciliations.
4. Assist FP&A and Treasury team to prepare monthly cash forecasts and propose discretionary deposits to investment account to maintain required cashflow and achieve maximum return on investment.
5. Coordinate with licensing, HCI operations and external actuaries to prepare annual compliance reporting support workpaper, disclosures, MD&A support and other memos as required by AZ, FL, WI and WY.
Qualifications
What You Will Bring
Work Environment
Employees in this class are subject to extended periods of sitting, standing and walking, vision to monitor and moderate noise levels. Work is performed in an office environment.
The posted salary range for this job takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; geographic location, and other business and organizational needs. Successful candidates may be hired anywhere in the salary range based on these factors. It is uncommon to hire candidates at or near the top of the range.
California Privacy Notice
This notice only applies to our applicants who reside in the State of California.
The latest version of our Privacy Policy can be found here . This Privacy Policy provides you with notice, at or before the point of collection, about the categories of personal information to be collected from you, the purposes for which your personal information is collected or used, and whether that information is sold or shared, so that you can exercise meaningful control over our use of your personal information. We are providing this notice to comply with the California Consumer Privacy Act of 2018, as amended as amended by the California Privacy Rights Act of 2020 ("CCPA").
If you have any questions about CCPA regarding California residents or HCA team members, please contact the Privacy Team at Privacy2@hcs.com .
