Purpose of Job
We are seeking a talented Financial Reporting Analyst I for our Charlotte, NC, San Antonio, TX or Plano, TX facility.
This position does not have the option of working fully remote.
USAA values a culture that is highly collaborative, and we have found that a hybrid work type helps employees gain the best of both worlds - collaborating in-person in the office and working from home. The actual onsite days are settled between each employee and the employee's manager. Candidates are expected to live a commutable distance from one of our offices in Charlotte, NC, San Antonio, TX or Plano, TX.
The candidate selected for this positions will work on the Statutory reporting team in the External Reporting and Accounting Policy team. They will work in preparing and completing regulatory reporting focused on P&C and Life insurance companies. They will work with Wingsplus and Wdesk in creating and completing the reporting.
Job Requirements
USAA knows what it means to serve. We facilitate the financial security of millions of U.S. military members and their families. This singular mission requires a dedication to innovative thinking at every level.
Tasks:
Identifies and manages existing and emerging risks that stem from business activities and the job role.
Ensures risks associated with business activities are effectively identified, measured, monitored, and controlled.
Follows written risk and compliance policies, standards, and procedures for business activities.
Utilizes broad industry and accounting knowledge in the end-to-end delivery and preparation of moderately complex to complex financial and regulatory reporting requirements to include Bank Holding Company reporting, Enterprise GAAP reporting, P&C and Life Insurance STAT reporting, and / or investment reporting.
Performs detailed, peer review of reports in addition to audited statements and support schedules in preparation for final review by management.
Interprets and understands financial results and regulatory information as well as business and financial statement interrelationships, and provide informed, proactive analysis and business insights for analytical review to enable effective decision-making for financial and regulatory reporting.
Assists with audits, examinations, and ad-hoc surveys by coordinating receipt of support from business partners and preparation of supporting work papers and schedules. May lead individual components of audits or examinations.
Responsible for internal controls to ensure proper referencing for peer and management review documentation over owned reports and assignments.
May assist in the preparation of responses to special surveys and data calls from state and regulatory bodies.
Researches and provides recommendations regarding changes to reports as assigned, including new line items and updated instructions.
Serves as a resource to team members on escalated issues of a routine nature.
Drafts and may deliver disclosures, technical memos, presentations, and other supporting documentation.
Minimum requirements:
Bachelor's degree required; OR 4 years of related experience (in addition to the minimum years of experience required) may be substituted in lieu of degree.
4 years of experience preparing and delivering financial statements and regulatory reports in the financial services industry, a Bank Holding Company or similar.
Expert knowledge of applicable Microsoft Office applications including Excel.
2 years of experience conducting research and preparing business and operation financial analysis.
Strong knowledge of Generally Accepted Accounting Principles (GAAP).
Preferred experience:
Experience with financial reporting software such as Sovos: Wingsplus and/or Workiva: Wdesk
Knowledge of Statutory Accounting Principles (SAP) accounting and reporting requirements.
Ability to coordinate and work closely with other impacted business units, including the lines of business, legal and compliance.
Ability to coordinate and work closely with external auditors and regulators.
The above description reflects the details considered necessary to describe the principal functions of the job and should not be construed as a detailed description of all the work requirements that may be performed in the job.
Compensation:
USAA has an effective method for assessing market data and establishing ranges to ensure we remain competitive. You are paid within the salary range based on your experience and market position. The salary range for this skill is: $66,300 - $119,500*
Employees may be eligible for pay incentives based on overall corporate and individual performance or at the discretion of the USAA Board of Directors.
Geographical Differential: Geographic pay differential is additional pay provided to eligible employees working in locations where market pay levels are above the national average.
Shift premium: will be addressed on an individual-basis for applicable roles that are consistently scheduled for non-core hours.
Benefits:
At USAA our employees enjoy best-in-class benefits to support their physical, financial, and emotional wellness. These benefits include comprehensive medical, dental and vision plans, 401(k), pension, life insurance, parental benefits, adoption assistance, paid time off program with paid holidays plus 16 paid volunteer hours, and various wellness programs. Additionally, our career path planning and continuing education assists employees with their professional goals.
Please click on the link below for more details.
USAA Total Rewards (https://hrportal.ehr.com/usaa/Prospective-Employees)
Relocation assistance is Not Available for this position.
USAA is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
USAA is an EEO/AA Employer - applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability, genetic information, sexual orientation, gender identity or expression, pregnancy, protected veteran status or other status protected by law.
