Senior Finance Manager- Insurance

GE Aerospace • Arlington Heights, IL • 11h ago

Job Description Summary

This role is with ERAC, Employers Reassurance Corporation and a corporate holding of GE Aerospace. We are a reinsurance company supporting the long-term care insurance, structure settlements and Life along with other insurance products. Responsible for driving technical accounting compliance, financial and operational internal controls, process simplification, and operational excellence to deliver accurate actual financial reporting and analysis for both Statutory and US GAAP. Leads continuous process improvements initiatives. Has in-depth knowledge of best practices and how own area integrated with others; Stays informed of industry trends that may influence work

Job Description

Roles and Responsibilities

Prepare and coordinate quarterly Statutory Accounting Practices (SAP) and Generally Accepted Accounting Principles (GAAP) financial statements, including detailed analysis, supplemental schedules and disclosures; coordinate internal reviews.

Prepare and coordinate annual SAP statements and audited financial statements, including detailed analysis, supplemental schedules and disclosures; coordinate internal reviews.

Complete periodic NAIC financial statement data and other regulatory filings

Prepare and review ERAC's legal entity Board reports

Support internal and external audits.

Initiate and drive simplification initiatives and projects to continuously improve controllership environment, primarily related to financial reporting processes

Support other ERAC, regulatory and strategic/operational initiatives

Required Qualifications

Bachelor's degree in accounting or finance

Minimum 6 years of accounting or finance experience

Insurance industry experience in finance

Financial reporting experience

Desired Characteristics

Certified Public Accountant (CPA) or equivalent certification

Public Accounting experience; demonstrated expertise in SAP and GAAP accounting

Experience with OSFI regulatory reporting and IFRS accounting a plus

Leadership experience with senior management interaction

Demonstrated experience influencing and communicating at all levels across the business and managing multiple priorities

Demonstrated oral and written communication skills and ability to work cross-functionally

Proven project management and coordination skills

Proficient use of financial systems and Microsoft Office (e.g., Excel, Word, PowerPoint)

The base pay range for this position is $110,200 to $155,200. The specific pay offered may be influenced by a variety of factors, including the candidate's experience, education, and skill set. This position is also eligible for an annual discretionary bonus based on a percentage of your base salary/ commission based on the plan. This posting is expected to close on May 25, 2025 Healthcare benefits include medical, dental, vision, and prescription drug coverage; access to a Health Coach, a 24/7 nurse-based resource; and access to the Employee Assistance Program, providing 24/7 confidential assessment, counseling and referral services. Retirement benefits include the GE Retirement Savings Plan, a tax-advantaged 401(k) savings opportunity with company matching contributions and company retirement contributions, as well as access to Fidelity resources and planning consultants. Other benefits include tuition assistance, adoption assistance, paid parental leave, disability insurance, life insurance, and paid time-off for vacation or illness.

General Electric Company, Ropcor, Inc., their successors, and in some cases their affiliates, each sponsor certain employee benefit plans or programs ( i.e ., is a "Sponsor"). Each Sponsor reserves the right to terminate, amend, suspend, replace, or modify its benefit plans and programs at any time and for any reason, in its sole discretion. No individual has a vested right to any benefit under a Sponsor's welfare benefit plan or program. This document does not create a contract of employment with any individual.

Additional Information

GE Aerospace offers a great work environment, professional development, challenging careers, and competitive compensation. GE Aerospace is an Equal Opportunity Employer (https://www.eeoc.gov/sites/default/files/2022-10/22-088\EEOC\KnowYourRights\10\20.pdf) . Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.

GE Aerospace will only employ those who are legally authorized to work in the United States for this opening. Any offer of employment is conditioned upon the successful completion of a drug screen (as applicable).

Relocation Assistance Provided: No

LI-Remote - This is a remote position

GE Aerospace is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.

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