Job Description

Purpose of Job

Upstream Holdings primarily manages Upstream Life Insurance Company. There are several other related entities structured under the holding company which require additional support. Currently, Upstream Life offers fixed annuity products through independent brokers. The focus of this role is to support the successful build-out of the company through sound financial reporting.

We are seeking a qualified individual who can assist the CAO and department staff with a wide array of corporate accounting and financial reporting tasks including account reconciliations for multiple entities, prepare and record journal entries, manage and reconcile A/P, assist with STAT financial statement preparation, and other related statutory accounting functions. The applicant must possess effective communication skills for reporting to various regulatory bodies, external auditors, actuaries, and upper management. The applicant is expected to have a strong work ethic, be self-motivated, be detail oriented, possess an ability to adapt in a fast-paced environment, and collaborate with various staff and/or departments as applicable.

Responsibilities

• Maintain and balance accounts by verifying, allocating, and posting transactions and reconciling entries
• Prepare financial reports by collecting, analyzing, and summarizing account information and trends
• Manage balance sheets and profit/loss statements
• Document financial transactions
• Assist with statutory monthly, quarterly and annual closings
• Prepare information for outsourced tax and audit purposes
• Comply with financial policies and regulations

Qualifications

• Bachelor’s degree in Finance, Accounting, or a related discipline with CPA or graduate degree preferred.
• Minimum of 5 years of experience in statutory accounting.
• Knowledge of statutory accounting regulations and procedures, including Generally Accepted Accounting Principles (GAAP).
• Experience with quarterly and annual statutory reporting, including familiarity with all statutory schedules.
• Proven proficiency in Excel and other Microsoft Office products.
• Ability to produce complex forecast and budgetary models.
• Familiarity with corporate tax rules and regulations.
• Extensive experience with accounting software such as Business Central/Dynamics, FIS, Sapiens etc.
• Experience with internal controls and documenting accounting procedures.
• Outstanding communication and interpersonal skills, with the ability to collaborate across functions and departments.
• Critical thinking and problem-solving skills.

Benefits offered:

• Paid time off
• Generous holiday schedule
• Employee coverage for Health, Dental, and Vision insurance
• 401K Plan with company match

Compensation will be based on market comparison and experience.

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