Assistant Manager, Financial Reporting

MSIG USA continues to grow!

Company Overview:

MSIG USA is the US-based subsidiary of MS&AD Insurance Group Holdings, Inc., one of the world’s top P&C carriers and a global Class 15 insurer, with A+ ratings and a reach that spans 40+ countries and regions. Leveraging our 350-year heritage, MSIG USA brings the financial strength, expertise, and global footprint to offer commercial insurance solutions that address your business’s unique risks.

Position Summary

MSIG USA is seeking an Assistant Manager – Financial Reporting to support accounting, insurance operations, and financial reporting activities within its Finance organization. The successful candidate will bring five to seven years of property and casualty insurance accounting experience, including working knowledge of U.S. NAIC statutory accounting principles and U.S. GAAP. Experience with IFRS is a plus. This role requires strong analytical skills, attention to detail, and the ability to collaborate across Finance, Investments, Actuarial, Operations, FP&A, and other business functions.

Key Responsibilities

• Perform monthly, quarterly, and annual accounting activities, including journal entries, reconciliations, roll-forwards, and financial statement support.
• Prepare and review quarterly consolidation-related journal entries, including goodwill and intangible asset amortization, deferred salary allocations, and other corporate accounting adjustments.
  Partner with Finance, Premium Accounting, Reinsurance, Actuarial, and external stakeholders to ensure accurate and timely financial reporting.
• Monitor intercompany balances and eliminations across the insurance group and resolve out-of-balance conditions prior to close and consolidation.
• Calculate and record noncontrolling interest activity.
• Prepare and review equity method accounting and equity pickup entries for parent and affiliated entities.
• Prepare standalone financial statements for holding companies, including Balance Sheet, Income Statement, Cash Flow Statement, and Statement of Shareholders’ Equity.
• Prepare and record manual journal entries for as needed for premiums, commissions, losses, IBNR, and reinsurance transactions within the general ledger.
• Support operational accounting processes involving premiums, claims, reserves, commissions, receivables, payables, and intercompany transactions, as assigned.
• Assist with statutory financial statements, regulatory schedules, management reporting, and supporting documentation.
• Analyze general ledger balances and resolve differences among the general ledger, accounting records, custodial statements, and other source systems.
• Partner with Investment, Treasury, Actuarial, Tax, Reinsurance, and insurance operations teams to ensure complete and accurate accounting for business activity.
• Assist with internal and external audits, regulatory examinations, and requests for supporting documentation.
• Maintain effective internal controls and contribute to process improvements, automation, documentation, and data-quality initiatives.
• Research accounting issues and help assess the impact of new statutory, U.S. GAAP, and, where applicable, IFRS guidance.
• For newly acquired or incorporated entities, work with Controller to build out subsidiary reporting processes and incorporate new companies into the group consolidation process.
• Perform ad hoc analyses and participate in Finance projects and system implementations.
  

Required Qualifications

• Bachelor’s degree in Accounting, Finance, or a related field.
• Five to seven years of accounting experience within the insurance industry, preferably in property and casualty
• Experience applying U.S. NAIC statutory accounting principles (yellow books) and U.S. GAAP.
• Insurance accounting experience, including reconciliations, close activities, and financial or regulatory reporting.
• Understanding of insurance operations and the flow of transactions from source systems to the general ledger and financial statements for direct, assumed, and ceded business.
• Strong analytical, organizational, and problem-solving skills, with careful attention to detail.
• Ability to manage multiple priorities, meet deadlines, and communicate effectively with colleagues at different levels of the organization.
• Proficiency in Microsoft Excel and experience working with general ledger, or financial reporting systems.

Preferred Qualifications

• Experience with IFRS reporting or reconciliation between IFRS, U.S. GAAP, and statutory bases of accounting.
• Experience with accounting platforms, data tools, financial reporting applications, and Microsoft Copilot.
• Knowledge of internal control frameworks and experience supporting audits or regulatory examinations.
• Experience with managing general agent (MGA) accounting.
• Experience in a multi-entity or international insurance organization including foreign exchange.
• Experience with working with offshore staff.
• CPA designation or progress toward CPA certifications
  

Salary: The base pay range is $170,000.00 - 195,000.00 per year. Salary determinations are based on various factors, including but not limited to, relevant work experience, skills, certifications and location.

Additional Benefits:
Healthcare and Retirement Benefits
Comprehensive medical, dental, and vision coverage
401(k) with a generous employer match and profit-sharing contribution
Wellness incentive program
Life and accidental death and dismemberment (AD&D) insurance
Flexible spending programs
Short-term and long-term disability plans

Additional Benefit Programs
Paid time off program
Paid charitable leave
Paid parental leave
Tuition reimbursement program
Personal insurance (auto/homeowners) discounts

It's an exciting time for our company and a great opportunity to join a financially sound and growing global insurance group!

It is the policy of MSIG USA to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, MSIG USA will provide reasonable accommodations for qualified individuals with disabilities.

Invest in Your Future With Us

Each employee plays an important role which contributes directly to the success and continued growth of MSIG.

About Us

MSIG Holdings (U.S.A.), Inc. (MSIG) is a wholly owned subsidiary of the MS & AD Insurance Group Holdings, Inc. – one of the top ten property-casualty insurance groups world-wide. Our Group has capital in excess of $25 Billion, operations in more than 40 countries and nearly 40,000 personnel located globally.

MSIG in the U.S. is comprised of three insurance companies with licenses in all fifty states as well as Puerto Rico and the District of Columbia. These companies and five other subsidiaries, deliver state of the art risk financing programs, insurance products, risk engineering and claims management services that enable our clients to effectively and efficiently manage their risks. Our insurance companies share the A.M Best’s A+ XV Rating and Standard & Poor’s A+ Rating of our Japan-based parent.

Our clientele runs the gamut from small and mid-sized, sole-proprietorships, partnerships and corporations, up to some of the largest and most sophisticated multinational corporations operating in the U.S. and globally.

The vast majority of clients seek our support related to Commercial Lines insurance products including Commercial Property and Liability Insurance products. However, through our subsidiary – Seven Hills Insurance Agency, LLC. – we are able to provide Personal Lines Insurance products including homeowners, renters, automobile, etc.

Specialties:

All Risk Property, Commercial Liability, Automobile, Workers Compensation, Management Liability, Marine, Excess & Umbrella, Claims Management, Risk Engineering services, etc.