Director, Accounting – Claim Finance

Who Are We?

Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Job Category

Finance and Accounting

Compensation Overview

The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards.

Salary Range

$106,300.00 - $175,400.00

Target Openings

1

What Is the Opportunity?

Travelers' accounting team serves as the steward of our financial information and controls to ensure compliance with all internal policies and external requirements. The team creates transparency about the health of the company by providing timely, accurate, and actionable information to all stakeholders.

As a Director, Accounting, you will be responsible for ensuring timely and accurate books and records for reporting to both internal and external parties while maintaining a strong control environment. As a partner to the business, you will interpret, communicate, and apply financial analyses in a way that resonates with the intended audience. You will also prepare, review, and approve complex financial activities including journal entries, payment requests, and reconciliations.

What Will You Do?

• Understand workflow and technology changes, and proactively provide recommendations on accounting and control impacts.
• Resolve complex accounting issues with business and finance partners including Accounting Policy and Audit.
• Provide coaching, training, and mentoring on accounting and controls to business partners and Claim Finance.
• Compile, review, and analyze complex financial data for variance analysis, reporting, and accuracy to interpret and present on trends.
• Leverage business perspectives to develop robust financial analyses with a focus on key performance metrics (i.e. production, profitability, expense management, staffing).
• Accountable for the overall development and creation of financial/business plan, budget, and forecasts.
• Engage with business partners and functional partners in order to develop strong analyses and financial plans.
• Conduct an insightful and complete review and approve internal management based financial reporting for complete and consistent results within corporate policies and standards.
• Conduct an insightful and complete review for external financial statements which may include GAAP (Generally Accepted Accounting Principles), SEC and STAT (Statutory Accounting Principles).
• Collaborate with financial partners to develop, perform, and certify financial controls in accordance with Sarbanes-Oxley requirements.
• Review complex documentation to support internal and external audits with heavy interaction with internal and external auditors.
• Monitor and maintain compliance with various financial external regulatory requirements and internal accounting policies.
• Lead projects that analyze and implement complex business and financial regulatory changes relating to financial reporting, such as reorganizations, mergers and acquisitions, etc.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Bachelor's degree in finance, accounting, economics, and/or professional designations, such as CPA, CMA or comparable advanced professional education. CPA, strongly preferred.
• Extensive experience with accounting theory and practice within the insurance and financial services industry.
• Communication/influence: Excellent communication skills with the ability to influence across all levels of management.
• Analytical: Excellent analytical skills with the ability to evaluate and understand current data and systems, find opportunities, recommend changes, and translate into business impacts.
• Leadership: Proven leadership skills with the ability to mentor and develop employees as well as influence partners.
• Project Management: Experience leading and managing complex projects.
• Technology: Experience using Microsoft Office (e.g., Excel, Word, Outlo