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Sr Accountant, Financial Reporting - GAAP

Role overview

Summary

This role supports the preparation and analysis of UFG's financial statements and SEC filings, ensuring compliance with GAAP and internal controls. You will collaborate with various finance teams to enhance reporting processes and assist with audits, contributing to the overall financial integrity of the company.

Qualifications

  • Bachelor’s degree in accounting.
  • 5 years of financial reporting or insurance accounting experience.
  • Strong understanding of generally accepted accounting principles and financial statement presentation requirements.
  • Advanced proficiency in Microsoft Excel (pivot tables, VLOOKUP, complex formulas).
  • Preferred: Certified Public Accountant (CPA) or progress toward certification

Responsibilities

  • Prepare and support the review of quarterly and annual consolidated financial statements and SEC filings.
  • Analyze financial results, balances, and trends, investigating unusual fluctuations or reporting variances.
  • Support investment accounting and reporting activities, including preparation of investment-related schedules and disclosures.
  • Assist with implementation of new accounting standards, accounting policies, and reporting requirements.

Key facts

  • Remote from: United States
  • Full time
  • Senior (5-10 years)
  • Revenue Accountant
  • $72K – $94K / year
  • English

Hard skills

Other skills

  • Analytical Skills
  • Detail Oriented
  • Microsoft Excel
  • Collaboration
  • Communication
  • Problem Solving
  • Critical Thinking
  • Organizational Skills

About the company

UFG Insurance logo

UFG Insurance

  • Insurance
  • 501–1,000
Founded in 1946 as United Fire & Casualty Company, UFG Insurance (Nasdaq: UFCS) is engaged in the business of writing property and casualty insurance through its insurance company subsidiaries. Headquartered in Cedar Rapids, Iowa, UFG is licensed as a property and casualty insurer in 50 states, plus the District of Columbia, and is represented by approximately 1,000 independent agencies. A.M. Best Company assigns a financial strength rating of “A-” (Excellent) for the members of United Fire & Casualty Group, with a stable outlook, reflecting long-term balance sheet strength.

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Job description

UFG is currently seeking a Senior Accountant, Financial Reporting - GAAP who is responsible for supporting the preparation, analysis, and reporting of the Company's quarterly and annual consolidated financial statements, SEC filings, and related financial reporting deliverables. This role ensures the accuracy, completeness, and integrity of financial information in accordance with generally accepted accounting principles (GAAP), SEC reporting requirements, and company policies.

Working closely with Financial Reporting leadership, Financial Accounting, Investments, FP&A, Actuarial, and other Finance teams, the Senior Accountant supports the preparation of financial statement disclosures, supporting schedules, SEC filings, and investment-related reporting. This position also assists with financial analysis, internal controls, process improvement initiatives, and audit support activities. The ideal candidate demonstrates strong financial reporting skills, attention to detail, analytical capabilities, and the ability to work independently while contributing to a collaborative team environment.

Essential Duties & Responsibilities:

Financial Reporting - GAAP

  • Prepare and support the review of quarterly and annual consolidated financial statements, SEC filings (including Forms 10-K, 10-Q, and 8-K), financial statement disclosures, supporting schedules, and related reporting documentation, ensuring compliance with generally accepted accounting principles and SEC reporting requirements.
  • Analyze financial results, balances, and trends and investigate unusual fluctuations or reporting variances.
  • Support investment accounting and reporting activities, including preparation of investment-related schedules, analyses, and financial statement disclosures.
  • Assist with implementation of new accounting standards, accounting policies, and reporting requirements.
  • Prepare select journal entries and account reconciliations related to assigned financial reporting responsibilities.
  • Prepare documentation supporting financial reporting conclusions and disclosure requirements.
  • Maintain current knowledge of financial reporting requirements, SEC developments, industry trends, and best practices.

Governance & Controls

  • Maintain SOX-compliant documentation, ensuring adherence to company policies and internal control requirements.
  • Assist with audit requests, including internal controls and testing evidence.

Collaboration & Process Improvement

  • Participate in continuous improvement initiatives aimed at optimizing processes, standardizing reporting, and automating data flow.
  • Mentor other team members by sharing knowledge and modeling best practices in accounting and financial reporting.
  • Support system enhancements and testing related to accounting or financial reporting applications.
  • Collaborate with cross-functional teams including operations and IT to support finance transformation initiatives designed to modernize systems and standardize financial processes.
  • Perform other duties as assigned to support the finance department and company goals.

Job Specifications:

Education:

  • Bachelor’s degree in accounting
  • Certified Public Accountant (CPA) or progress toward certification preferred
  • Master’s degree in accounting or MBA preferred

Experience:

  • 5 years of financial reporting or insurance accounting experience.
  • Prior experience within property and casualty insurance preferred.
  • Experience preparing or supporting GAAP financial statements and related disclosures.

Knowledge, Skills & Abilities:

  • Strong understanding of generally accepted accounting principles and financial statement presentation requirements.
  • Knowledge of SEC reporting requirements and disclosure practices preferred.
  • Strong analytical and problem-solving skills with attention to accuracy and detail.
  • Advanced proficiency in Microsoft Excel (pivot tables, VLOOKUP, complex formulas).
  • Experience with financial systems and subledgers desirable.
  • Excellent communication and collaboration skills across cross-functional teams.
  • Ability to manage multiple priorities, meet deadlines, and work effectively in a dynamic environment.
  • Demonstrated ability to work both independently and collaboratively in a team setting.
  • Process improvement mindset with ability to identify and implement efficiency enhancements.
  • Critical thinking skills and sound professional judgment.
  • Strong organizational skills and attention to detail.

Working Conditions:

  • General office environment
  • Travel Requirements: Infrequent travel, only as needed

Pay Transparency Statement:

UFG Insurance is committed to fair and equitable compensation practices. The base salary range for this position is $71,598 - $94,396 annually, which represents the typical range for new hires in this role. Individual pay within this range will be determined based on a variety of factors, including relevant experience, education, certifications, skills, internal equity, geography and market data. 

In addition to base salary, UFG Insurance offers a comprehensive total rewards package that includes:

  • Annual incentive compensation
  • Medical, dental, vision & life insurance
  • Accident, critical Illness & short-term disability insurance
  • Retirement plans with employer contributions
  • Generous time-off program
  • Programs designed to support the employee well-being and financial security.

This pay range disclosure is provided in accordance with applicable state and local pay transparency laws.

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