Associate Director, Financial Reporting

Trustmark’s mission is to improve wellbeing – for everyone. It is a mission grounded in a belief in equality and born from our caring culture. It is a culture we can only realize by building trust. Trust established by ensuring associates feel respected, valued and heard. At Trustmark, you’ll work collaboratively to transform lives and help people, communities and businesses thrive. Flourish in a culture of diversity and inclusion where appreciation, mutual respect and trust are constants, not just for our customers but for ourselves. At Trustmark, we have a commitment to welcoming people, no matter their background, identity or experience, to a workplace where they feel safe being their whole, authentic selves. A workplace made up of diverse, empowered individuals that allows ideas to thrive and enables us to bring the best to our colleagues, clients and communities.

About the role

Responsible for preparing internal, external, and regulatory reports related to financial statements on a statutory and GAAP basis. Works closely with financial data, ensuring accuracy and compliance with relevant accounting standards. Analyze financial statements and reports to identify trends, variances, and key performance indicators. Consolidates financial data from various business units to present a comprehensive view of the organization's financial position. Ensures compliance with applicable accounting standards (e.g., GAAP or STAT) and regulatory requirements. Assists external auditors as needed.

Key Accountabilities:

• Statutory Reporting: Leads and manages the accurate completion of all schedules, exhibits and notes for all NAIC filings.             

• GAAP Accounting and Reporting: Reviews and analyzes all aspects of quarterly and annual consolidation and elimination work papers, analysis of financial statements for noninsurance entities. Works with business units to resolve discrepancies.    

• Audited Financial Statements: Responsible for MHC legal entity audited report. Compiles data, ensures completeness and accuracy, ensures that detailed documents support reports, and maintains support received from business units and Corporate. Leads, manages and reviews preparation of remaining consolidated financial statements. Partners with Executive Director on audit requests.    

• Variance Analysis: Prepares and reviews for significant, unusual or unreasonable variances in the quarterly financial statements and exhibits which report insurance, noninsurance and consolidated results, to ensure data accuracy provided to rating agencies, financial institutions, and used as a basis for Board of Director presentations.   

• Surveys and Other: Reviews surveys prior to submitting to Executive Director. Prepares responses to DOI requests for information or clarification.

• Assists in researching STAT and GAAP accounting and reporting questions to ensure regulatory compliance with new accounting and reporting guidance for insurance and noninsurance entities.

Minimum Requirements:

Bachelor’s Degree and/or 6 – 8 years of related experience OR High School Diploma or GED with 8-10 years of related experience.

The compensation range for this role is (based on the corporate location in Lake Forest, Illinois):

$81,274.30 - $117,396.33 per year

The final salary offer will be determined based on factors such as location, qualifications, experience, skill set, and other relevant factors. This position may also be eligible for bonus. We understand that compensation is an important factor when considering a new opportunity, and we strive to provide a competitive salary within the market.

Brand: Trustmark

In addition to compensation, we offer a comprehensive benefits package that includes: Health/dental/vision, life insurance, FSA and HSA, 401(k) plan, Employee Assistant Program, Back-up Care for Children, Adults and Elders and many health and wellness initiatives. We also offer a Wellness program that enables employees to participate in health initiatives to reduce their insurance premiums.  For questions about compensation and benefits, please speak to the Recruiter if you decide to apply and are selected for an interview.

Trustmark is committed to leveraging the talent of a diverse workforce to create great opportunities for our people and our business.  We are an equal opportunity employer, including disability and protected veteran status.