World Insurance Associates LLC

Senior Accountant, Financial Reporting

World Insurance Associates LLC

full-time

Posted on:

Location: 🇺🇸 United States

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Job Level

Senior

Tech Stack

ERP

About the role

  • Assist with allocation of purchase prices for newly acquired entities and determine fair values, including contingent consideration, while maintaining associated schedules.
  • Read and interpret asset and equity purchase agreements, along with associated closing statements and wiring instructions for ASC 805 business combination recording.
  • Review new and amended debt agreements to record transactions according to GAAP and estimate monthly principal/interest payments.
  • Assist quarterly with ASC 606 revenue recognition true-ups and fair value measurement of contingent consideration, including fair value modeling.
  • Collaborate with external consultants on hedge accounting documentation and journal entries under ASC 815 and accounting for stock incentive plans under ASC 718.
  • Use NetSuite to prepare and record complex intercompany journal entries across multiple subsidiaries.
  • Assist with the annual audit by maintaining the Prepared by Client listing and preparing required schedules and rollforwards.
  • Prepare and review financial statement disclosures in accordance with GAAP.
  • Work on monthly reporting deliverables to senior management and the Board.
  • Utilize NetSuite to translate complex legal agreements into GAAP-compliant journal entries and record complex intercompany entries.
  • Join Technical Accounting team to handle business combinations, earnouts, hedge accounting, equity and incentive plan accounting, and revenue recognition.

Requirements

  • Bachelor’s degree with concentration in Accounting.
  • Minimum of 5 years of accounting experience, including working on technical accounting matters.
  • Insurance industry auditing or accounting experience preferred.
  • Big 4 experience strongly desired.
  • CPA preferred.
  • Strong understanding of US GAAP, particularly ASC 805 and ASC 606.
  • Familiarity with ASC 718 and ASC 815 preferred.
  • Experience with NetSuite or similar ERP systems strongly preferred.
  • Possess strong administrative and computer skills, including Microsoft Office (Word, Excel and Power Point).
  • Ability to work independently and enjoy a high degree of interaction with team members.
  • Self-motivated and driven with a sense of urgency to meet deadlines.
  • Demonstrate effective written and verbal communication skills, including active listening and problem-solving capabilities with minimal assistance.
  • Ability to multitask, prioritize tasks, work independently, and handle sensitive information with discretion.
  • Ability to maintain well-documented and independently reviewable Excel workpapers on various complex GAAP subjects.
  • Maintain a professional demeanor and positive attitude.