The Hanover Insurance Group
The Hanover Insurance Group
5,001 – 10,000 Employees
B2BB2CInsurance
The Hanover Insurance Group is a U.S.-based insurance provider serving individuals, businesses, agents, and brokers. Its personal insurance portfolio includes home, auto, motorcycle, umbrella, condominium, renters, and specialty coverage for items such as collector cars, watercraft, and valuables. For commercial customers, Hanover offers business owner’s policies, commercial auto, workers’ compensation, management liability, cyber, professional liability, property, surety, and industry-focused solutions for sectors including construction, healthcare, life sciences, and retail. The company also provides claims support, policy management tools, educational resources, risk services, and distribution support through its agent and broker network.

Reinsurance Accounting Manager at The Hanover Insurance Group (Hybrid)

Lead reinsurance accounting, financial reporting, controls, and close activities for The Hanover Insurance Group. Drive compliance, automation, audit readiness, and team development across reinsurance operations.

Description

  • Direct daily reinsurance accounting operations, internal controls, and quality assurance.
  • Manage monthly, quarterly, and annual close cycles and deliver reports on schedule.
  • Prepare, review, and interpret financial data, regulatory filings, control documentation, and disclosures.
  • Act as the subject matter expert on reinsurance accounting, systems, insurance transactions, and reporting.
  • Approve complex journal entries, reconciliations, and supporting workpapers.
  • Analyze variances and address reporting discrepancies.
  • Oversee reporting requirements involving SAP, GAAP, SEC, NAIC, statutory accounting, and insurance industry standards.
  • Coordinate with internal and external auditors during audits and regulatory examinations.
  • Evaluate, document, and implement changes to accounting guidance and reporting requirements.
  • Maintain and improve internal control documentation and testing programs.
  • Lead process improvement and automation across end-to-end financial statement data flows.
  • Assess technology opportunities and create accounting and reporting solutions.
  • Manage, mentor, develop, and evaluate accounting team members.
  • Set priorities, assign resources, and track team performance.
  • Work with operations, IT, actuarial, finance, HR, management, and other internal stakeholders.
  • Explain complex accounting matters and recommendations to senior leaders.

Requirements

  • At least 5–8 years of progressively responsible accounting and financial reporting experience.
  • Background in insurance accounting, public accounting, or both is preferred.
  • Bachelor’s degree in Accounting or Finance is required.
  • CPA, MBA, or master’s degree in Accounting is strongly preferred.
  • Experience with SAP, NAIC, GAAP, SEC, and statutory accounting principles is strongly preferred.
  • Experience with financial reporting and ERP tools such as PeopleSoft, Oracle, SAP, Essbase, Hyperion, Power BI, or comparable systems.
  • Ability to work independently, balance competing priorities, and meet deadlines.
  • Ability to recruit, retain, train, motivate, and develop employees.
  • Ability to assess complex financial data and reporting workflows.
  • Ability to diagnose issues, weigh alternatives, and create practical solutions.
  • Ability to build cross-functional partnerships and communicate effectively with stakeholders.
  • Ability to advance automation, efficiency, and reporting improvements.

Benefits

  • Hybrid and flexible work arrangement.
  • Full-time exempt position.

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