Senior Accountant

Overview

FM Global is a leading property insurer of the world's largest businesses, providing more than one third of FORTUNE 1000 size companies with engineering-based risk management and property insurance solutions. FM Global helps clients maintain continuity in their business operations by drawing upon state-of-the-art loss prevention engineering and research; risk management skills and support services; tailored risk transfer capabilities; and superior financial strength. To do so, we rely on a dynamic, culturally diverse group of employees, working in over 100 countries, in many challenging roles.

This role is a US-based in office Position and involves working on-site at our corporate headquarters located in Johnston, RI.

Responsibilities

As a Senior Accountant, you will have the opportunity to perform complex routine and non-routine accounting work, including the compilation, consolidation, and analysis of financial data. You will play a crucial role in supporting management decision-making by providing accurate and insightful information and analysis. As new regulatory requirements or organizational issues arise, this position conducts analysis on the new rules or requirements and identifies the effects on accounting policies, practices, and procedures.

Prepare monthly GAAP and/or statutory reports to support understanding and reporting of core financial results promptly. Conduct investigations of accounts, if needed, and develop solutions to complex problems. Develops solutions to complex problems which require regular use of ingenuity and innovation. Exercises latitude in determining objectives and approaches to assignment Errors in judgment or failure to achieve results would results in expenditure of substantial amounts of company resources. Determines the best approach and methodology, collects data, conducts complex analyses, and interprets the results to assess the impact on the organization, policies, processes, or procedures to maintain compliance or improve operating efficiency or effectiveness.

Incorporates modern technology to provide on-going, sustainable information and analysis support to the business as applicable. Conduct complex analysis of financial data, systems, and processes to respond to accounting management's information needs. Contribute to internal training and mentor junior staff to improve individual capability such as interpretation of regulations or utilization of financial systems to improve the technical skills of other accounting staff. Mentors and provides technical instruction to junior staff to improve individual capability. Participate in accounting projects to develop or enhance financial systems, processes, and protocols.

Specific areas of responsibility include:

• Monthly analysis of intercompany premium and preparation of related journal entries.
• Monthly analysis and preparation of related journal entries for premium binder and policyholder credits.
• Monthly analysis of in-force premium fluctuation.
• Monthly preparation and analysis of the premium summary package provided to management.
• Preparation and analysis of quarterly and annual US Statutory basis premium reporting.
• Preparation of monthly and quarterly reconciliations.

Qualifications

1+ years' experience in public accounting or 8 years equivalent experience of general accounting/financial reporting.

Advanced knowledge of GAAP accounting principles required.

Experience in the insurance industry is a plus!

• Knowledge of current and developing financial reporting requirements, including helping implement changes for ongoing compliance, training, and communication.
• Ability to research accounting issues, accounting standards and apply knowledge to interpret accounting changes and summarize the impact to the Company.
• Excellent interpersonal, written, and oral communication skills.

• Capable of balancing several deliverables and shifting priorities as needed.
• Strong organizational skills & attention to detail.
• Strong analytical thinking and problem-solving skills.
• Proficiency with financial systems and standard software applications (PeopleSoft, Microsoft Excel, Access, PowerPoint, and Word).

Education

Bachelor's degree in accounting/finance or equivalent

Professional certification (CPA or equivalent) and / or master's degree preferred.

The hiring range for this position is $88,400 to $110,500. The final salary offer will vary based on geographic location, individual education, skills, and experience. The position is eligible to participate in FM Global's comprehensive Total Rewards program that includes an incentive plan, generous health, and well-being programs, a 401(k) and pension plan, career development opportunities, tuition reimbursement, flexible work, time off allowances and much more!

FM Global is an Equal Opportunity Employer and is committed to attracting, developing, and retaining a diverse workforce.

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