The Manager, Financial Reporting is responsible for the management of the financial reporting function. The incumbent manages the preparation and analysis of the internal and external financial reports, regulatory and compliance filings and state and local premium taxes.
This is a hybrid role reporting to the Harrisburg, PA office.
POSITION COMPETENCIES
- Coaching & Influencing
- Facilitating Change
- Ability to Grow & Adapt
- Conflict Management
- Strategic Planning
- Embraces Data Analytics
ESSENTIAL DUTIES AND RESPONSIBILITIES
- Develop, direct and coach assigned staff, to include establishing performance objectives and clear success criteria, as well as monitoring performance outcomes and addressing issues appropriately.
- Lead by example in communicating with staff. Encourage open dialogue in staff meetings and 1:1 discussions.
- Develops, implements, and monitors practices, procedures and guidelines for reporting, reconcilement, interpretation and analysis of accounting information.
- Evaluates staffing needs, assigns work and mentors employees to ensure full utilization of staff.
- Determines training emphasis, develops educational programs and materials for Financial Reporting staff and delivers training.
- Quickly modifies daily behavior and tries new approaches to deal effectively with changes; does not persist with ineffective methods; leverages available resources to ease transition.
- Manages the corporate accounting function responsible for the Statutory and GAAP financial reporting including individual company, consolidated and combined financial statements; comprehensive internal results management and board of directors reporting; regulatory financial filings including quarterly and annual statements; audited financial statements; various general ledger entries and reconciliations; and proper allocation of expense to line of business and expense groups.
- Manages the internal preparation of various state and local premium tax returns.
- Completes and/or ensures that staff completes ad hoc assignments or projects on time and with the appropriate level of resources and quality in order to ensure optimally meeting the objectives of the assignment or project.
- Maintains the general ledger system including the monthly and annual closing process, opening new periods and changing workflow approvals.
- Responsible for preparing and/or posting entries and preparing, reviewing, and approving account reconciliations.
- Identifies the key tasks and resources needed to achieve strategic objectives.
ADDITIONAL RESPONSIBILITIES
- Must keep abreast of statutory reporting requirement changes, accounting automation concepts, GAAP practices and principles and industry trends in order to be able to adequately lead or train staff, remain technologically current and apply the latest technology to an accounting system(s), procedural problem and issue of financial reports.
- Actively seeks information (from coworkers, leaders, customers, competition, technologies, and regulations) to understand the rationale and implications for changes.
- Treats new situations as opportunities for learning or growth; actively seeks to identify and communicate the benefits of changes; collaborates with others to implement changes.
- May serve on ad-hoc teams relating to incumbent's functional area. This could include leading the team, reviewing requirements, coordination of the test results verification and resolution of issues.
- Performs other duties as may be assigned by the Director, Financial Reporting.
SPECIAL RELATIONSHIPS
- The incumbent supervises the Financial Analyst and Senior Accountant.
- Interacts with all levels of internal staff as well as external entities such as auditors, various state insurance departments, and local municipalities.
QUALIFICATIONS
Education/Credentials
- Bachelor's degree in Accounting required.
- CPA, CPCU or MBA preferred.
- AIAF insurance designation preferred.
Experience
- Minimum of five years of experience in public accounting (auditing insurance companies) and/or insurance accounting required.
- Previous supervisory experience preferred.
Technical/Professional Knowledge
- High level of knowledge relating to Statutory insurance accounting and finance principles preferred
- High level of knowledge relating to GAAP insurance accounting and finance principles
- Strong analytical and problem-solving skills
- Strong organizational skills
- Strong communication skills with evidence of dedication to quality service and customer focus
- Proficiency in Microsoft Excel, Word and Outlook
The compensation has been carefully determined by considering a variety of important factors, including skill sets, experience, training, and certifications. With these considerations in mind, the estimated hiring range is $115,000 - $160,000. Additionally, you may be able to participate in our annual incentive program, depending on eligibility under the plan.
JOB REQUIREMENTS (as required by ADA - Americans with Disabilities Act)
- This position is primarily a sedentary position that requires occasional standing and walking throughout the office environment.
- Must be able to perform computer-based tasks and access digital information necessary for job duties, including through the use of assistive technologies.
- Must be able to complete computer-based tasks and utilize office equipment as needed to perform essential job functions.
- Must be able to access and enter information accurately using automated systems.
- Must be able to communicate effectively with internal and external clients using telephone, electronic, or other communication systems.
- Must be able to present information to individuals and groups.
- Must be able to interpret and apply concepts that may or may not be based upon established guidelines.
- Must be able to maintain acceptable attendance and adhere to scheduled work hours.
- Must have a valid driver's license and be able to operate a motor vehicle.
Why Choose Penn National Insurance?
At Penn National Insurance, we're on a mission to help people feel secure and make life better when bad things happen. For over 106 years, we've been a trusted partner to individuals, families and businesses because we are a mutual insurance company where service and support for our policyholders are at the heart of everything we do.
We're not just a company-we're a community united by our core mission to "Make Life Better." Here, you'll find a place where your professional growth, success and personal well-being are our top priorities.
Your Career Journey: Empowering Your Growth
Your career should be more than just a job-it should empower you to feel secure, supported and inspired. At Penn National Insurance, we invest in your growth and celebrate your contributions with a comprehensive and competitive total rewards package. We're committed to supporting your journey and helping you thrive at every stage of your career. Key highlights include:
- Benefits and Compensation: Generous 401(k) match, graded profit sharing, incentive compensation, and a wide range of benefits to support your financial health, physical well-being and career development.
- Flexibility: We offer remote and hybrid work options, flexible scheduling and a "dress-for-your-day" culture.
- Recognition: We celebrate your achievements, big and small, through employee recognition programs designed to honor your contributions.
Your Employer of Choice: A Legacy of Trust and Strength
Joining Penn National Insurance means becoming part of a company with over a century of experience, built on trust, innovation and strong relationships. From our beginnings as a mutual insurance company founded by farmers to our 100th anniversary in 2019, we''ve stayed true to our relationship-driven model, focusing on direct service and meaningful support.
Your Community: Making an Impact Together
Making life better isn't just our mission-it's a value that guides everything we do. Our employees are at the heart of this mission, giving back through community engagement and charitable efforts. We proudly support our community through financial support and employee volunteering opportunities including our annual United Way campaign, where employee contributions and company matches make a significant impact each year.
Your Future: Building a Rewarding Career Path
We're not just offering a job; we're providing a fulfilling and rewarding career. We support your growth with a range of resources designed to help you build your skills and achieve your goals, including:
- Continuing Education Support: Access to programs that help you enhance your knowledge, skills and educational goals along with 100% tuition reimbursement for academic studies.
- Professional Development Opportunities: Tailored designation programs to help you advance in your career such as CPCU, AINS, CPA, CISSP, and more.
- Long-Term Career Focus: With an average employee tenure of 14 years and many team members serving for over 40 years, we take pride in fostering a work environment that values long-term growth and development.
When you join us, you're not just starting a job-you're becoming part of a team that values your growth and invests in your future. Our commitment to long-term retention and employee development ensures that you will be part of a tradition and legacy of excellence that spans decades.
Only candidates from the following states will be considered for opportunities with Penn National Insurance and Inservco Insurance Services: Alabama, Delaware, Iowa, Maryland, Minnesota, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia, Wisconsin - unless specifically stated otherwise in the job posting.
We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, creed, affectional and sexual orientation, gender identity or expression, pregnancy, age, national origin, disability status, genetic information, protected veteran status, or any other characteristic protected by law. Consistent with the Americans with Disabilities Act (ADA) and EEOC guidance, it is the policy of Pennsylvania National Insurance to provide reasonable accommodations to qualified individuals with disabilities in all aspects of the employment process. If you require a reasonable accommodation in completing this application, interviewing, completing any pre-employment testing, or otherwise participating in the employee selection process, please direct your inquiries to a HR Business Partner via telephone at 800-368-4764, or through email.