Job description
Summary
World Insurance Associates is a unique insurance organization offering top products and services from major providers, combined with attentive service from local agents.
Founded in 2011, World is one of fastest-growing insurance brokers in the U.S. with over 2,200 employees in over 210 offices across North America. We specialize in personal and commercial insurance lines, surety and bonding, employee benefits, financial and retirement services, and human capital management solutions.
Position Overview
An exciting opportunity to join a fast-growing company seeking a dynamic candidate to join its Technical Accounting team. The ideal candidate must be detail-oriented, driven, a quick learner, possess strong communication skills and be capable of taking ownership of complicated technical accounting matters. Additionally, the candidate will assist annual financial statement production process and other ad hoc projects as needed.
This role provides exposure to business combinations, earnouts, hedge accounting, equity and incentive plan accounting and revenue recognition. The candidate will utilize NetSuite to record complex intercompany entries and translate complex legal agreements into GAAP-compliant journal entries. This person will be joining a high performing team that believes in team-work, coaching and development and works collaboratively on new/complex matters.
Essential Duties and Responsibilities
• Assist, under the direction of the manager, with the allocation of purchase prices for newly acquired entities and determine fair values, including contingent consideration, while maintaining associated schedules.
• Read and interpret diverse 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 in order 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, which require substantial fair value modeling.
• Collaborate with external consultants on hedge accounting documentation and journal entries under ASC 815 and accounting for stock incentive plans, including option grants, vesting schedules, and expense recognition under ASC 718.
• Use NetSuite to prepare and record complex intercompany journal entries across multiple subsidiaries.
• Assisting 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.
Qualifications
• 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 is preferred; Big 4 experience is strongly desired.
• CPA preferred.
• Strong understanding of US GAAP is preferred, particularly in areas related to ASC 805 and ASC 606.
• Familiarity with ASC 718 and ASC 815 preferred.
• Possess strong administrative and computer skills, including Microsoft Office (Word, Excel and Power Point).
• Able 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.
• Experience with NetSuite or similar ERP systems strongly preferred.
Equal Employment Opportunity
At World Insurance Associates (WIA), we celebrate and support our differences. We know employing a team rich in diverse thoughts, experiences, and opinions allows our employees, our products, and our community to flourish. WIA is honored to be an equal opportunity workplace. We are dedicated to equal employment opportunities regardless of race, color, ancestry, religion, sex, national orientation, age, citizenship, marital status, disability, gender identity, sexual orientation, or Veteran status. In addition, WIA makes reasonable accommodations to known physical or mental limitations of an otherwise qualified applicant or employee with a disability, unless the accommodation would impose an undue hardship on the operation of our business.
TO EXECUTIVE SEARCH FIRMS AND STAFFING AGENCIES:
World does not accept unsolicited resumes from any agencies that have not signed a mutual service agreement. All unsolicited resumes will be considered World’s property, and World will not be obligated to pay a referral fee. This includes resumes submitted directly to Hiring Managers without contacting World’s Human Resources Talent Department.
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