The Statutory Reporting team is part of Corporate Financial Services, CNA’s corporate controller organization. The group leads CNA’s financial close process, driving efficient accounting and related analysis, along with meaningful internal and external reporting. The group’s responsibilities encompass property & casualty and life & group insurance, reinsurance, planning & analysis, and corporate accounting as well as accounting policy, financial control, services operations and SEC/GAAP and Statutory reporting.
As the Senior Accountant, you will be part of the team that has responsibility for the timely and accurate completion of all quarterly and annual Statutory financial statements and related filings, ensuring compliance with NAIC and other regulatory requirements. The team also has oversight of various intercompany accounting processes and is responsible for the development, analysis and distribution of key internal financial reports. You will have the opportunity to collaborate with a variety of teams across the organization and utilize new technologies, as we strive to continually enhance and improve processes which will provide you with the ability to enhance and develop insurance accounting and reporting skills.
Are you a self-motivated, team-player that possesses a strong analytical mindset and a high degree of accountability for accurately reporting externally on CNA’s financial position and internally to deliver meaningful financial insights that shape the direction of the Company? Do you have strong communication and organizational skills, attention to detail, and the desire to innovate and improve; we want to talk to you!
As determined by CNA and depending on the applicant's experience and/or qualifications, candidates may be hired into one of two Accounting positions: Senior Accountant or Accountant. Typically 3-5 years of related experience.
Essential Duties & Responsibilities
1. Prepares the quarterly/annual statutory financial statements and supplemental schedules and exhibits in compliance with NAIC and other regulatory requirements.
2. Completes multiple state filing deliverables to ensure insurance licensure requirements are met.
3. Prepares analytical schedules, analyzes variances, and provides analytical support for internal requests.
4. Investigates financial results, understands and effectively communicates impact to management.
5. Participates in evaluating the impact of new disclosure guidance.
6. Performs benchmarking analysis against peer financial statements.
7. Leads process improvement initiatives that enhance the efficiency and accuracy of financial reporting, including furthering use of technology to streamline processes.
8. Works collaboratively within the team, across the department, and individuals external to CNA.
9. Liaisons with internal and external auditors and provides necessary support.
May perform additional duties as assigned.
Skills, Knowledge & Abilities
Basic knowledge of accounting and industry issues as they relate to the organization.
General knowledge of GAAP and statutory accounting principles.
Strong knowledge of Microsoft Office Suite and other business-related software systems.
Detail oriented with strong organizational skills and ability to manage multiple assignments and projects effectively.
Strong analytical and problem solving skills and the ability to work independently.
Ability to foster and maintain collaborative relationships with peers, business partners and other members of management.
Effective verbal and written communication skills.
Education & Experience
Bachelor's Degree, preferably in accounting or finance, CPA desirable.
Typically three to five years of work experience in accounting/finance or reporting related role.
CNA is one of the largest U.S. commercial property and casualty insurance companies. Backed by more than 120 years of experience, CNA provides a broad range of standard and specialized insurance products and services for businesses and professionals in the U.S., Canada and Europe.