AVP, Financial Reporting - SEC Equity | Philadelphia, PA, USA

Philadelphia, PA, United States

Job Description

AVP, Financial Reporting - SEC Equity

OVERVIEW:

We are seeking an experienced and detail-oriented individual to join our team as the Assistant Vice President (AVP) of Financial Reporting with a focus on Stock Compensation Accounting. The AVP will report to Vice President of Stock Compensation and Swiss Statutory Reporting. In this role, you will be managing the team responsible for handling the end-to-end process around the accounting, forecasting and reporting for stock compensation expenses on a global basis, including process re-engineering and automation. You will also be responsible for overseeing the financial reporting process, ensuring accurate and timely disclosure of financial information related to stock-based compensation plans. The AVP will play a crucial role in supporting our financial reporting objectives, working closely with cross-functional teams and external auditors.

RELATIONSHIP & SCOPE:

This position is an excellent opportunity to work closely with the Head of Human Resources, Chief Accounting Officer, Global Controllers and Segment CFOs and Segment Controllers globally on a variety of stock compensation process improvement projects and processes. The AVP of Financial Reporting will interact with a diverse group of internal personnel including other financial analysts, divisional finance and business leadership, and functional staff to interpret financial data and operational performance.

RESPONSIBILITIES:

Lead the financial reporting process related to stock compensation accounting, both internally and externally, in compliance with relevant accounting guidelines (e.g., ASC Topic 718).

Collaborate with stakeholders to understand stock compensation programs, including equity grants, stock options, restricted stock units, and employee stock purchase plans, and ensure accurate accounting treatment in the financial statements.

Develop and maintain strong relationships with cross-functional teams such as HR, Legal, Tax, and Treasury to ensure timely and accurate reporting of stock compensation information.

Oversee the preparation and review of financial statements, footnotes, and related disclosures pertaining to stock compensation, ensuring compliance with Generally Accepted Accounting Principles (GAAP) and Securities and Exchange Commission (SEC) requirements.

Stay up-to-date with emerging accounting standards and regulations related to stock compensation accounting, and assess their impact on financial reporting.

Collaborate with external auditors to ensure a smooth audit process and timely resolution of any audit-related inquiries or findings.

Perform complex calculations and analyses related to stock compensation accounting, including fair value measurements, expense recognition, forfeiture rates, and dilution calculations.

Provide guidance and support to accounting and finance teams on stock compensation-related matters, including policy development, internal controls, and process improvements.

Drive continuous process improvement initiatives to enhance the efficiency and effectiveness of stock compensation accounting processes.

Assist in ad hoc projects and initiatives as required, contributing your expertise in stock compensation accounting.

Qualifications

QUALIFICATIONS:

Bachelor's degree in Accounting, Finance, or a related field. CPA certification is preferred.

Minimum of 10+ years of experience in financial reporting, with a specific focus on stock compensation accounting preferred.

Strong understanding of US GAAP accounting principles and experience applying ASC Topic 718.

Previous experience working with equity compensation plans, including stock options, restricted stock units, and employee stock purchase plans.

Excellent analytical and problem-solving skills, with the ability to interpret complex stock compensation-related data and make informed decisions.

Detail-oriented, with a strong commitment to accuracy and the ability to work with large volumes of data.

Exceptional communication skills, both written and verbal, with the ability to effectively communicate complex financial concepts to both technical and non-technical stakeholders.

Proven ability to manage multiple priorities and meet tight deadlines in a fast-paced environment.

Proficiency in financial reporting systems and tools, including ERP systems and stock administration software.

As the AVP Financial Reporting with a Stock Compensation Accounting focus, you will play a pivotal role in ensuring accurate financial reporting and compliance related to stock-based compensation. Join our team and contribute to our goal of delivering precise and transparent financial information to stakeholders and investors.

About Us

Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.

At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.

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