Specialist, STAT Financial Reporting

$53,500 - $92,500/Yr

Lincoln Financial Group - Salt Lake City, UT

Full-time - Entry Level

Remote - Salt Lake City, UT

Securities, Commodity Contracts, and Other Financial Investments and Related Activities

About the position

As a Specialist in Statutory Financial Reporting at Lincoln Financial Group, you will play a crucial role in preparing, analyzing, and reporting on financial statements in accordance with statutory accounting principles and standards. This position is designed for individuals who are eager to leverage their knowledge in financial reporting while contributing to the overall success of the organization. You will be responsible for routine assignments and projects that require a keen understanding of financial reporting and accounting principles. Your work will directly impact the accuracy and compliance of financial statements, which are essential for regulatory filings and internal management reporting. In this role, you will conduct financial analysis on both consolidated and business unit results, providing ongoing support to various business unit teams and partners. You will participate in accounting close activities, which include preparing journal entries and performing account reconciliations. Staying updated on current and emerging developments in financial reporting will be essential, as you will need to assess their impact and collaborate with management to incorporate these trends into your work. Additionally, you will be tasked with identifying and researching reporting issues that arise from the application of accounting principles and standards, as well as the rules and regulations set forth by the NAIC and other regulatory bodies. Your responsibilities will also include the preparation, review, and filing of quarterly and annual NAIC financial statements and other regulatory filings. You will have the opportunity to promote and enhance organizational initiatives by supporting change management and departmental initiatives within your areas of responsibility. Your role will require you to identify and communicate process improvements that can reduce workloads or enhance quality in your assigned areas. You will also provide support for the coordination of SOX, MAR, and regulatory testing to ensure compliance with key controls developed for the group. Overall, this position offers a dynamic work environment where you can apply your financial expertise while contributing to the success of Lincoln Financial Group.

Responsibilities

• Prepare, analyze and report on financial statements and supporting schedules according to the accounting and reporting calendars.
• Conduct financial analysis on consolidated and business unit results, including providing ongoing support for the business unit teams and our various other partners as needed.
• Participate in accounting close activities, including the preparation of journal entries and account reconciliations.
• Maintain knowledge on current and emerging developments/trends for assigned areas of responsibility, assess the impact, and collaborate with management to incorporate new trends and developments in current and future solutions.
• Identify and research reporting issues arising from application of accounting principles and standards and rules and regulations of the NAIC and other regulators and assess their applicability.
• Preparation, review and filing of quarterly and annual NAIC financial statements and other regulatory filings.
• Promote and enhance organizational initiatives by positively influencing and supporting change management and/or departmental/enterprise initiatives within assigned areas of responsibility.
• Identify and communicate to management process improvements that reduce workloads or improve quality for assigned areas of responsibility.
• Perform and deliver on routine assignments/projects while simultaneously leveraging and applying knowledge of assigned areas of responsibility.
• Provide support with the coordination of SOX, MAR and regulatory testing to comply with key controls developed for the group.
• Preparation and/or review of internal management reporting.

Requirements

• 4 Year/Bachelor's degree or equivalent work experience. Degree in Accounting preferred
• 1 - 3+ Years of experience in Financial Analysis or Reporting that aligns with the specific responsibilities for this position
• CPA preferred, not required
• Confident, comfortable communicator with strong written and verbal communication skills
• Ability to work with others in a team environment
• Ability to identify and recommend process improvements
• Demonstrates a sense of urgency and ability to meet deadlines
• Demonstrate excellent organizational skills with the ability to prioritize workload and multi-task while maintaining strict attention to detail
• Ability to use sound judgment and discretion regarding confidential information
• Proficiency with Microsoft Office Suite (Word, Excel, PowerPoint, Outlook)

Nice-to-haves

• Prior experience in insurance/financial services
• Experience working with Hyperion Essbase, SAP Business Objects, PeopleSoft, Workiva, Sovos Statutory Reporting

Benefits

• Clearly defined career tracks and job levels, along with associated behaviors for each Lincoln leadership Attribute.
• Leadership development and virtual training opportunities
• PTO/parental leave
• Competitive 401K and employee benefits
• Free financial counseling, health coaching and employee assistance program
• Tuition assistance program
• A leadership team that prioritizes your health and well-being; offering a remote work environment and flexible work hybrid situations
• Effective productivity/technology tools and training