Senior Manager - Accounting and Financial Reporting

About the role

TIAA’s Corporate Controller group is seeking an experienced Senior Manager to lead statutory accounting and financial reporting activities across our insurance and reinsurance operations. This role ensures the accuracy of statutory accounting and reporting, oversees the general ledger close process, and ensures compliance with statutory requirements. The Senior Manager will oversee a small US-based team and leverage India-based resources, serving as a key partner to senior leadership on technical accounting and reporting matters.

Responsibilities

• Manage the close process related to insurance and reinsurance activities, ensuring timely and accurate reporting.
• Review and approve journal entries prepared by team members within the general ledger.
• Ensure journal entries are properly supported, accurately classified, and compliant with accounting policy.
• Maintain strong controls over journal entry preparation, review, and approval workflows.
• Oversee balance sheet and other reconciliation processes across insurance and reinsurance balances.
• Ensure reconciliations are performed timely, accurately, and with appropriate supporting documentation.
• Review and resolve reconciling items, escalating significant issues as needed.
• Serve as the Financial Reporting Owner for various operating subsidiaries to ensure proper accounting on TIAA’s financial statements and associated capital needs are met.
• Drive efficiency improvements in close, reconciliation, and reporting workflows, including identifying opportunities for automation and standardization across US and India teams.
• Coordinate with external auditors and manage audit requests for insurance and reinsurance activities.
• Oversee certain disclosures and schedules within TIAA’s annual statement for the general account (Blue Book) and separate accounts (Green Books), as well as the audited financial statements.
• Responsible for the US statutory accounting for certain Bermuda-based insurance subsidiaries, working with Bermuda service providers, auditors, and regulators as needed.
• Research, interpret, and document technical accounting positions on complex insurance and reinsurance transactions, applying relevant accounting guidance and coordinating with the Accounting Policy team.
• Prepare and review technical accounting analysis specific to insurance/reinsurance transactions (e.g., premium accounting, reserves, ceded/assumed reinsurance treaties).
• Manage, mentor, and develop a US-based team and leverage India-based resources, including setting performance goals and conducting regular performance reviews.
• Maintain and strengthen internal controls over accounting and financial reporting for insurance and reinsurance activities.
• Partner cross-functionally with Actuarial, FP&A, Tax, Treasury, and Legal teams.

Requirements

• 5+ years of experience with life and annuity insurance companies, including related Statutory Accounting Principles (SAP) and Annual Statements (Blue Book and Green Book).
• University degree (preferred).

Preferred Qualifications

• 7+ years of experience with life and annuity insurance companies, including related Statutory Accounting Principles (SAP) and Annual Statements (Blue Book and Green Book).
• Certified Public Accountant (CPA).
• Experience in the financial services industry.
• Understanding of and ability to manage parts of the monthly general ledger close process regarding journal entries and reconciliations.
• Ability to maintain and strengthen the internal control environment, including managing the preparation of audit work papers and supporting schedules.
• Experience working with both internal and external auditors.
• Leadership and team management experience, including developing talent and managing workloads across multiple filing deadlines.
• Strong written and verbal communication skills for presenting financial results to senior leadership and external stakeholders, including auditors.
• Ability to analyze financial statements, general ledger detail, and supporting schedules to identify discrepancies or unusual trends.
• Ability to research and apply accounting guidance for reporting and accounting requirements.
• Strong knowledge of reinsurance accounting and its statutory reporting implications.
• Knowledge of GAAP and Bermuda Statutory & Economic Balance Sheet accounting and reporting.
• Background in driving process improvements, including leveraging automation and data analytics.
• Strong project management capabilities, including experience managing cross-functional teams through complex regulatory filings and system implementations.
• Experience working with Actuarial, Finance, Tax, Treasury, and Accounting Policy teams.

Skills

• Accountability
• Accounting Standards
• Adaptability
• Business Acumen
• Business Process Improvement
• Collaboration
• Communication
• Compliance
• Financial Acumen
• Generally Accepted Accounting Principles
• Inspires Others
• Relationship Management
• Risk Analysis/Analytics
• Stakeholder Engagement
• Strategic Thinking

Pay

Base Pay Range: $119,000/yr - $150,000/yr. Actual base salary may vary based on relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include participation in an incentive program linked to performance.

Benefits

The organization offers a comprehensive Total Rewards package designed to support the well-being of associates and their loved ones. Benefits include a superior retirement program and highly competitive health, wellness, and work-life offerings to help achieve and maintain physical, emotional, and financial well-being.

About the company

TIAA has delivered secure retirement solutions for over 100 years, serving millions of clients. Founded to help educators retire with dignity, TIAA is now a market-leading retirement company with world-class asset management. The company is committed to evolving to meet tomorrow’s challenges while ensuring a more secure financial future for all. TIAA’s culture is guided by values such as championing people, being client-obsessed, leading with integrity, and fostering collaboration in an in-office environment.