Senior Financial Accountant, Financial Reporting (18-month contract) at Pacific Life

Aliso Viejo, California, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, Reinsurance, Financial ServicesIndustries

Requirements

3 years of post-qualified experience in the (re)insurance industry and/or financial services industries, with strong life insurance industry experience
Recognized accounting accreditation
Strong US GAAP knowledge
Strong regulatory reporting experience (PRA, BMA, NAIC or OSFI), including experience in a multiple regulatory environment
Strong commercial understanding of (re)insurance business
Strong technical and analytical skills, with ability to interpret complex data
Proven problem-solving capabilities
Ability to handle complex and ambiguous scenarios, and explain complex issues in a simple way, both written and verbally
Excellent interpersonal skills, able to establish rapport and build effective relationships with stakeholders at all levels
Highly organized and detail-oriented, with a focus on meeting timelines and delivering high quality work
Self-motivated learner, committed to continuous development of technical knowledge and professional skills
Collaborative team player to achieve the team shared goals
Ability to work flexibly in a global team
High standard of personal integrity
Resilient and courageous, with the ability to challenge status quo constructively

Responsibilities

Prepare complete sets of financial statements in accordance with US GAAP, US STAT and other applicable internal and regulatory standards, ensuring timely and accurate delivery
Provide detailed analysis of financial and regulatory results for PL Re and its entities, including preparation and presentation of results
Prepare the tax calculation and journal entries, ensuring compliance with relevant tax regulations and internal policies
Prepare consolidation journal entries
Compile regulatory reports, compliance reports and surveys, along with supporting analysis for internal review
Contribute to Back Office transformation project, Project Unify, supporting process improvement and system integration efforts
Monitor developments in accounting standards and regulatory requirements, assess their impact on financial reporting and implement necessary changes
Execute and maintain financial controls to ensure accuracy, integrity, and compliance across reporting processes
Liaise with external and internal auditors, facilitating audits and addressing queries in a timely and professional manner
Provide support for the Manager and leadership team by participating in ad hoc projects and strategic initiatives as required

Skills

US GAAP

US STAT

Financial Reporting

Financial Statements

Tax Calculations

Journal Entries

Consolidation

Regulatory Reporting

BMA

Economic Capital

Pacific Life

About Pacific Life

Newport Beach, CaliforniaHeadquarters

1868Year Founded

$189.4MTotal Funding

N/ACompany Stage

Fintech, Financial ServicesIndustries

1,001-5,000Employees

Benefits

Health Insurance

Paid Vacation

Paid Parental Leave

Adoption Assistance

401(k) Retirement Plan

401(k) Company Match

Risks

Increased competition in annuities market from companies like Prudential and MetLife.

Potential financial exposure from significant real estate investments.

Integration challenges with Selerix could affect customer satisfaction.

Differentiation

Pacific Life partners with T. Rowe Price for innovative Lifetime Income solutions.

Recognized as a top community-minded company, enhancing brand reputation and trust.

Real-time integration with Selerix improves benefits administration accuracy and efficiency.

Upsides

Lifetime Income solution attracts clients seeking secure retirement options.

Enhanced annuity products offer flexibility and growth, increasing product attractiveness.

Strong real estate financing position opens more sector opportunities.

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