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Director, Financial Reporting and Controls
Sun Life Financial
Wellesley, MA, United States
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At Sun Life, we work together, share common values and encourage growth and achievement. We offer many career paths that attract a wide variety of talent and skills. Follow a path that lets your talents shine.
Job Description:
The Director, Financial Reporting and Controls reports AVP, Reporting & Controls. This role is responsible for the following business objectives:
• Assist the AVP Reporting & Controls in coordinating and managing IFRS, Statutory, and USGAAP audits.
• Assist in the maintenance of the system of internal controls over financial reporting, including maintaining appropriate accounting policies and procedures in accordance with SOX 404 and NIAC Model Audit Rule.
• Oversee the preparation of several USGAAP non insurance company financial statements.
Key Accountabilities
• Coordinate annual IFRS, Statutory, and USGAAP financial audits as well as periodic regulatory/compliance audits. Including:
◦ Act as primary liaison between the external auditors and SLF business areas.
◦ Coordinate with business areas to create comprehensive audit packages containing the external auditor's requests for quarters, interim and year-end.
◦ Identify process improvements to stream-line audit process and work with the appropriate parties to implement.
◦ Assist the AVP, Financial Reporting on accounting and reporting issues by researching the appropriate accounting literature and drafting an accounting memo to be reviewed by the independent auditors.
◦ Assist the AVP Financial Reporting in resolving, negotiating and coordinating Statutory accounting issues with the company’s independent and internal auditors.
• Lead the day to day execution of the U.S business group Sarbanes-Oxley (404) compliance program, including the U.S. NAIC model Audit rule.
◦ Interact with management personnel at all levels of the organization, including Operating and Corporate functional groups, as well as our external consultants and external auditors.
◦ Ensure an effective collaborative relationship with the internal audit group and seek opportunities to make improvements to the program. The candidate must be experienced in auditing, possess strong command of US GAAP accounting, solid organizational and analytical skills, and be a self-starter who takes initiative.
◦ Identify control issues and subsequently work with Business Process Owners and department management to understand and remediate exceptions.
◦ Ensure proper testing and documentation of financial internal controls for complex business areas, including all Investment, Actuarial, and Operational business functions.
• Lead the SOC 1 internal control process across the organization and with one subsidiary.
◦ Work with our external audit firm and business partners to ensure controls are operating effectively.
• Manage a team of 6 staff, including teaching, mentoring, and developing talent.
Qualifications
• 8 to 10 years of progressively increasing experience in a large public institution, including responsibilities related to quarterly reporting (Statutory), annual audits, regulatory compliance, Internal controls, and implementation of complex accounting guidance.
• BS in accounting, finance, or other similarly related field of study.
• CPA or CA professional designation with Big Four experience required
• Capable of quickly gaining a strong understanding of the operations and finances of the US Business Group and its integrated strategic plan.
• Strong accounting, analysis, and reporting skills and a deep understanding of GAAP, IFRS, NAIC, SOX 404, and SEC reporting rules and requirements, including those relevant to the insurance industry.
• Strong experience with Microsoft Office Suite (Word, Excel, and PowerPoint) as well as other financial software packages including: Oracle, Hyperion, and Efreedom applications.
• Outstanding written and oral communication skills; good listening capability; skilled at clearly and concisely communicating with all constituencies; can structure and effectively lead business meetings.
• Exceptional interpersonal skills; success at cultivating strong relationships with internal and external stakeholders and creating partnerships at all levels within the organization.
• Ability to coach and provide good development feedback.
• Unquestionable personal integrity, credibility and professionalism. Quickly builds confidence in others. Team player and understands his/her role in relationship to others.
Sun Life Financial is a leading provider of group insurance benefits in the U.S., helping people protect what they love about their lives. More than just a name, Sun Life symbolizes our brand promise of making life brighter – for our customers, partners, and communities. Join our talented, diverse workforce and launch a rewarding career. Visit us at www.sunlife.com/us to learn more.
Sun Life Financial (U.S.) Services Company, Inc. is a federal contractor subject to Executive Order 11246, Section 4212 of the Vietnam Era Veterans’ Readjustment Assistance Act of 1974, as amended, and Section 503 of the Rehabilitation Act of 1973, as amended. As such the company is committed to taking positive steps to implement the employment-related aspects of the company’s equal employment opportunity policy. It is the company’s policy to take affirmative action to employ, advance in employment, and otherwise treat qualified minorities, females, protected veterans, and individuals with disabilities without regard to their race/ethnicity, sex, veteran status, or disability.
Job Category:Finance
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