John Hancock Director Accounting Policy in Boston, Massachusetts
Title: Director Accounting Policy
Department: Group Finance Accounting Policy
Location: Boston, MA
To provide accounting and financial reporting guidance and counsel to management and other functional areas (including Business Units) with regard to interpreting accounting and regulatory policy specifically in relation to insurance and wealth management products and services. The scope of responsibility includes issues within and throughout MFC’s worldwide operations. Technical accounting experience required. Knowledge of IFRS, NAIC and USGAAP would be a strong asset. This position reports to the AVP, Insurance and Wealth Accounting Policy.
To provide IFRS, NAIC and US GAAP accounting and financial reporting guidance and advisory services to management and other functional areas. Support execution of finance and business initiatives.
Provide guidance and advisory services to management and other functional areas (i.e., Business Units, Investments, Tax, etc.) with regard to interpreting accounting/regulatory policy.
Keep abreast of changes/developments in accounting requirements. Educate management and partner with internal clients, when necessary, to assess the impact of such changes/developments on the Company.
Prepare or revise accounting/operational policies to reflect new regulatory and accounting guidance.
Provide comprehensive advisory services to the business units throughout the lifecycle (from inception to implementation) of significant transactions, including but not limited to reinsurance treaties, acquisitions and divestures of businesses and various other unique strategies. Advisory services include the identification and analysis of significant accounting issues by reviewing proposals, contracts and other related documents as well as the quality review of accounting models and related entries recorded within the general ledger.
Participate and lead special projects with cross-divisional impacts, ensuring that deliverables are on time and within quality targets. Special projects may be related to the implementation of new accounting or regulatory requirement or new operational initiatives.
Support and maintain the Accounting Policies Database to ensure that the policies and access to the database are up to date;
Assist in mentoring and providing career coaching to the managers and other staff within the Accounting Policy team.
Responsible for the analysis and evaluation of all other significant financial reporting and technical accounting issues, including issues relating to IFRS, US GAAP and NAIC requirements.
Liaising with regulators and external auditors as necessary.
Experience and Qualifications:
Certified public accountant designation required
Masters degree in accounting preferred;
7 of years experience in an insurance or financial services environment preferably gained at a Big 4 public accounting firm or other large insurance company.
A strong financial background with a broad knowledge of the financial services sectors and the insurance business in particular;
In-depth technical knowledge of International Financial Reporting Standards (IFRS), NAIC Statements of Statutory Accounting Principles (SSAPs) and US Generally Accepted Accounting Principles (US GAAP) and
Knowledge of Canadian or US life insurance or other financial institution accounting and operations.
Demonstrated ability to lead/manage projects of various sizes.
Ability to learn/apply a large amount of technical accounting material.
Strong analytical and problem solving skills.
Comfortable working with senior levels of management and able to cope in a fast paced, dynamic work environment.
Excellent oral and written communication skills - for report writing and communication at all levels of management.
Demonstrated ability to work independently and establish priorities to meet tight deadlines. Flexible when working with changing deliverables.
A team player who possesses a positive attitude and customer service focus.
Excellent PC skills (Excel, Word, PowerPoint)
About John Hancock Financial and Manulife
John Hancock Financial is a division of Manulife, a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. Operating as Manulife in Canada and Asia, and primarily as John Hancock in the United States, our group of companies offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Assets under management by Manulife and its subsidiaries were C$821 billion (US$648 billion) as at March 31, 2015. Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife can be found on the Internet at manulife.com.
The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers and administers a broad range of financial products, including life insurance, annuities, investments, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance. Additional information about John Hancock may be found at johnhancock.com
Agency submissions and contacts are by invitation only and must be initiated by John Hancock's Recruiting Department only. Unsolicited agency submissions will not be honored.
JOHN HANCOCK IS AN EQUAL OPPORTUNITY EMPLOYER - AA/F/M/D/V
Organization: *Corp Controllers
Title: Director Accounting Policy
Requisition ID: 1610346