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Senior Accountant- Profit Sharing Programs

Role overview

Qualifications

  • Bachelor’s degree in Accounting, Finance, Business, or a related field.
  • 7 or more years of experience in accounting, financial analysis, financial reporting, or a related discipline.
  • Demonstrated experience managing complex account reconciliations and financial reporting processes.
  • Advanced proficiency with Microsoft Excel.

Responsibilities

  • Administer and reconcile accounts related to profit-sharing retrospective programs.
  • Calculate and validate profit-sharing payouts in accordance with contractual agreements.
  • Prepare financial reporting, variance analysis, and supporting documentation for retrospective programs.
  • Perform monthly account reconciliations and maintain effective internal controls.

Key facts

Hard skills

Other skills

  • Problem Solving
  • Microsoft Excel
  • Detail Oriented
  • Communication
  • Mentorship

About the company

Protective Life logo

Protective Life

Insurance

Protective has helped people achieve protection and security in their lives for 115 years. Through its subsidiaries, Protective helps more than 12 million people protect what matters most. Protective’s more than 3,700 employees put people first and deliver on the company’s promises to customers, partners, colleagues and communities — because we’re all protectors. With a long-term focus, financial stability and commitment to doing the right thing, Protective Life Corporation, a wholly owned subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), has grown to about $132 billion in assets, as of Dec. 31, 2021. Protective is headquartered in Birmingham, Alabama, and supported by both robust virtual workforce and core sites in Cincinnati and St. Louis. For more information about Protective, visit www.protective.com.

Company details

Company typeLarge
IndustryInsurance
Company size1001 - 5000

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Job description

The work we do has an impact on millions of lives, and you can be a part of it.We help protect our customers against life’s uncertainties. Regardless of where you work within the company, you’ll be helping provide protection and peace of mind when our customers need it most.
Protective’s Asset Protection Division (APD) is seeking a Senior Accounting Analyst to own complex accounting, analysis, and reporting for profit-sharing retrospective programs. This role is ideal for an experienced accounting professional who enjoys digging into financial details, improving how work gets done, and translating complex agreements into accurate financial results.   You’ll manage key reconciliations and payout calculations, analyze program performance, and partner across Finance, Accounting, and Program Management to resolve discrepancies and strengthen financial processes. You’ll also have the opportunity to automate and optimize existing processes, provide insights to leadership, and serve as a resource to junior team members.
Key Responsibilities
  • Administer and reconcile accounts related to profit-sharing retrospective programs.
  • Calculate and validate profit-sharing payouts in accordance with contractual agreements.
  • Prepare financial reporting, variance analysis, and supporting documentation for retrospective programs.
  • Perform monthly account reconciliations and maintain effective internal controls.
  • Analyze program performance, identify trends and discrepancies, and drive issues through resolution.
  • Develop complex financial models and forecasts and communicate key findings to leadership.
  • Partner with Finance, Accounting, and Program Management to ensure financial results align with program and contractual terms.
  • Support internal and external audits by providing accurate, complete, and timely documentation.
  • Identify opportunities to streamline, automate, and improve accounting and reporting processes.
  • Provide guidance and knowledge sharing to junior team members.

  • Core Competencies (skills, knowledge and abilities):
  • Strong accounting, analytical, and problem-solving skills with a high degree of accuracy and attention to detail.
  • Knowledge of Generally Accepted Accounting Principles (GAAP) and financial reporting practices.
  • Advanced Microsoft Excel skills and experience working with ERP or financial systems.
  • Ability to interpret contractual terms and translate them into accounting calculations and financial reporting.
  • Ability to analyze large or complex data sets, identify trends, and communicate actionable insights.
  • Strong communication and stakeholder management skills with the ability to work effectively across functions.
  • Ability to independently manage complex reconciliations, reporting requirements, and competing priorities.
  • Ability to mentor, guide, and share knowledge with less experienced team members.

  • Required Qualifications
  • Bachelor’s degree in Accounting, Finance, Business, or a related field.
  • 7 or more years of experience in accounting, financial analysis, financial reporting, or a related discipline.
  • Demonstrated experience managing complex account reconciliations and financial reporting processes.
  • Advanced proficiency with Microsoft Excel.

  • Preferred Qualifications
  • CPA or other relevant accounting or finance certification.
  • Experience with profit-sharing, retrospective, dealer, or insurance-related programs.
  • Experience with SAP, Oracle, NetSuite, or comparable ERP and financial systems.
  • Experience with Tableau and SQL.
  • Experience improving or automating accounting, reconciliation, or financial reporting processes
  • The internal job title for this role is Senior Analyst, General Accounting. 
    Employee Benefits:We aim to protect the wellbeing of our employees and their families with a broad benefits offering. In addition to offering comprehensive health, dental and vision insurance, we support emotional wellbeing through mental health benefits and an employee assistance program. Work/life balance is important and Protective offers a variety of paid time away benefits (e.g., paid time off, paid parental leave, short-term disability, and a cultural observance day). The financial health of our employees is just as important as physical and emotional health.  Some of the financial wellbeing benefits include contributions to healthcare accounts, a pension plan, and a 401(k) plan with Company matching. All employees are encouraged to protect their overall wellbeing by engaging in ProHealth Rewards, Protective’s platform to improve wellbeing while earning cash rewards.   
    Eligibility for certain benefits may vary by position in accordance with the terms of the Company’s benefit plans.
    Accommodations for Applicants with a Disability:If you require an accommodation to complete the application and recruitment process due to a disability, please email eric.hess@protective.com. This information will be held in confidence and used only to determine an appropriate accommodation for the application and recruitment process.
    Please note that the above email is solely for individuals with disabilities requesting an accommodation.  General employment questions should not be sent through this process.
    We are proud to be an equal opportunity employer committed to being inclusive and attracting, retaining, and growing an inclusive workforce.
    Salary: 75000 - 95000 USD per year

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    Marcus Rivera

    Chief Revenue Officer

    m.rivera@company.com
    linkedin.com/in/marcusrivera
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