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Senior Associate, Financial Accounting

Job DescriptionResponsibilities include supporting quarterly close, prepare journal entries, complete account reconciliations, research variances, assist with process documentation and ad hoc projects. Working with multiple accounting software systems (Everest, Omega, SAP) to retrieve and analyze data to verify completeness and accuracy of financial information and reports. The position will work with Operations, Business Services & Analytics and SCOR affiliate entities to research and explain variances. It will also support financial close and reporting for TPA client.Responsibilities• Perform the calculation, preparation, and recording of journal entries during financial close in multiple systems• Analyze and reconcile large volumes of data to determine accuracy and completeness of financial results• Prepare quarterly reconciliations and perform account analysis with detailed explanations of variances• Prepare various financial reports and schedules for internal and external clients• Work with Operations to identify and promptly resolve variances and anomalies• Support analysis and inquiries from Business Services & Analytics, Financial Reporting group and SCOR affiliates• Work cross-functionally to support corporate initiatives and implementation of best practices• Maintain process documentation and drive improvements for existing processes• Monitor systems and processes to ensure internal controls are in place and effective• Assist external and internal auditors to help understand processes and provide the necessary control support• Support ad hoc projects and other duties as assignedQualifications• Bachelor's degree in Accounting, Finance, or relevant work experience• 3-5+ years of accounting experience, preferably within the financial services industry• Advance proficiency in Microsoft Excel and ability to consolidate, manipulate, analyze and summarize large sets of financial data• Ability to learn quickly and work effectively in fast paced environment• Strong interpersonal skills along with excellent verbal and written communication skills• Must be able to work effectively as part of a team and independently• Experience with multiple Legal Entity structure is helpful• High attention to detail, solid analytical and critical thinking skills with strong problem-solving abilityCandidates must have valid authorization to work in the U.S. without the need for employer sponsorship now or in the future.Hybrid Work Policy: SCOR is committed to an "in-office" culture where people can collaborate, exchange ideas, and establish stronger working relationships while still providing flexibility. To support employee work-life balance and increase opportunities for employees to excel every day, SCOR operates with a hybrid working arrangement. SCOR employees work 3 days per week in an office with the flexibility to work 2 days per week remotely.Pay Range: $78,000-$92,000 base salary per year. Actual salaries may vary based on various factors including but not limited to location, experience, role and performance. The range listed is just one component of SCOR's total compensation package for employees. Other rewards may include annual bonuses, short- and long-term incentives. In addition, we provide a variety of benefits to employees, including health insurance coverage, life and disability insurance, a retirement saving plan, paid holidays and paid time off.About UsAs a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying "The Art & Science of Risk," SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society in around 160 countries worldwide.Working at SCOR means engaging with some of the best minds in the industry - actuaries, data scientists, underwriters, risk modelers, engineers, and many others - as we work together to find solutions to pressing challenges facing societies.As an international company, our common culture is defined by "The SCOR Way." Serving both to build momentum that drives the Group forward and as a compass to guide our actions and choices, The SCOR Way is anchored by five core values, reflecting the input of employees at all levels of the Group. We care about clients, people, and societies. We perform with integrity. We act with courage. We encourage open minds. And we thrive through collaboration.
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$78000K
$92000K

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What You Should Know About Senior Associate, Financial Accounting, SCOR

Join SCOR in Charlotte, NC, as a Senior Associate in Financial Accounting and tackle exciting financial challenges! In this role, you’ll play a pivotal part in supporting the quarterly close, preparing journal entries, and conducting thorough account reconciliations. You’ll analyze data across various accounting software systems like Everest, Omega, and SAP to ensure the accuracy and completeness of our financial reports. Collaborating with teams from Operations, Business Services & Analytics, and SCOR affiliate entities, you’ll investigate variances and help refine our processes. Your insights will shape critical financial reporting for our TPA clients, making your analysis essential to our operations. With responsibilities such as preparing detailed financial reports, maintaining effective internal controls, and assisting auditors, your contributions will directly impact our mission at SCOR. We’re looking for professionals with a Bachelor's degree in Accounting or Finance, along with 3-5 years of relevant experience, who thrive in fast-paced environments. If you possess excellent analytical and communication skills, and want to take on a role where your financial acumen can shine, we’d love to discuss how you can make a difference at SCOR. Plus, enjoy a flexible hybrid work policy that promotes work-life balance while fostering collaboration in our vibrant office culture!

Frequently Asked Questions (FAQs) for Senior Associate, Financial Accounting Role at SCOR
What are the key responsibilities of a Senior Associate, Financial Accounting at SCOR?

As a Senior Associate, Financial Accounting at SCOR, your key responsibilities include supporting quarterly close processes, preparing journal entries, performing account reconciliations, and analyzing financial data to ensure completeness and accuracy. You'll also prepare detailed financial reports and collaborate with multiple departments to resolve variances and streamline processes.

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What qualifications are needed for the Senior Associate, Financial Accounting position at SCOR?

To be a successful candidate for the Senior Associate, Financial Accounting role at SCOR, you should have a Bachelor’s degree in Accounting or Finance, along with 3-5 years of accounting experience, preferably in the financial services sector. Advanced proficiency in Microsoft Excel and strong analytical skills are also essential for success in this position.

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How does SCOR support its employees in the Senior Associate, Financial Accounting role?

SCOR supports its Senior Associate, Financial Accounting employees through a hybrid work policy allowing for flexibility, a strong focus on collaboration, and an array of benefits including health insurance, retirement plans, and paid time off. We invest in employee development to ensure you thrive in your role.

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What is the pay range for the Senior Associate, Financial Accounting position at SCOR?

The pay range for the Senior Associate, Financial Accounting role at SCOR is between $78,000 and $92,000 annually. Actual salaries may vary based on factors such as location, experience, and performance. SCOR also offers a comprehensive compensation package, including bonuses and benefits.

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What is SCOR's work culture like for Senior Associate, Financial Accounting positions?

SCOR fosters an 'in-office' culture where collaboration and idea exchange are encouraged. As a Senior Associate, Financial Accounting, you'll be part of a team that values open communication, integrity, and courage, helping to create innovative solutions in a supportive environment.

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Common Interview Questions for Senior Associate, Financial Accounting
Can you describe your experience with preparing journal entries in accounting?

When answering this question, provide specific examples from your previous roles where you efficiently prepared journal entries, highlighting your attention to detail and the software tools you've used, such as SAP or other systems.

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How do you approach account reconciliations?

In your response, describe your systematic approach to account reconciliations, emphasizing steps you take to verify data accuracy, and how you resolve discrepancies. Mention any tools or methods that enhance your effectiveness.

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What strategies do you use to analyze variances in financial data?

Discuss your analytical techniques to investigate variances, pointing out how you utilize software and collaborate with other departments to identify the root causes and implement solutions, showcasing your problem-solving skills.

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How do you maintain effective internal controls in your accounting processes?

Explain the importance of internal controls and provide examples of procedures or checks you’ve implemented in past roles to ensure compliance and accuracy in financial reporting.

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Describe your experience working with multiple accounting software systems.

Highlight the specific software systems you’ve utilized, such as Everest or Omega, and your ability to adapt and learn new systems quickly, demonstrating your versatility and technical proficiency.

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Can you provide an example of a successful collaboration with cross-functional teams?

Share a specific example of how you successfully worked with different departments to achieve a common goal, demonstrating teamwork and your ability to communicate effectively across functions.

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What challenges have you faced in financial reporting and how did you overcome them?

Discuss a particular challenge you faced in financial reporting, how you addressed it, and the positive outcome, showcasing your resilience and determination to resolve issues effectively.

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How do you stay updated with industry regulations and accounting standards?

Explain your methods for keeping abreast of changes in accounting standards and regulations, such as attending workshops, subscribing to relevant publications, or joining professional organizations, emphasizing your commitment to professional development.

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What are your long-term career goals in accounting?

Share your aspirations for growth within the accounting field, particularly how you hope to evolve within organizations like SCOR, including any specific roles or skills you wish to develop.

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How do you prioritize tasks during a busy financial close period?

Discuss your strategies for managing time effectively during high-pressure periods, including tools or practices you use to maintain organization and ensure deadlines are met.

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SCOR is an independent global reinsurance company. Through our Life and Property & Casualty (P&C) business lines, we aim to provide our clients with value-added solutions and to pursue an underwriting policy based on profitability, through effect...

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March 20, 2025

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