Assistant Controller 5Star Life Insurance Company

About Armed Forces Benefit Association (AFBA) and 5Star Life

In 1947 AFBAemerged from the basement of the Pentagon to solve a critical need in support of the military. More than 75 years later our commitment to those who serve and to solving their unique problems remains core to everything we do. Founded to provide military members with a death benefit no one else would we continue to embrace our mission and deliver benefits tailored to the real-life needs of all who serve today including active duty National Guard and first responders. Providing protection to those who go in harms way we ensure survivor and other benefits are available to all who serve defend and protect our great nation no matter what. 5Star Life Insurance Company was founded in service and carry that mission today by committing to serve those who serve from underwriting benefits for military and first responder families to providing coverage to the employees that keep our communities running. Our commitment to our communities rather than the bottom line- drives our business.

We offer a flexible hybrid work environment allowing you to enjoy the best of both worlds with 3 days in the office and up to 2 days working remotely each week. This position is in Alexandria VA

About the Role:

We are seeking a highly skilled and motivated Life Insurance CPA to join our Finance and Accounting team as an Assistant Controller. This critical role will support both Statutory Accounting Principles (SAP) and GAAP reporting ensuring compliance accuracy and timeliness across all financial and regulatory reporting requirements.

The ideal candidate will bring deep expertise in Life & Health Insurance accounting a proactive and hands-on approach to problem-solving and proven leadership experience in managing accounting teams and processes.

Key Responsibilities

• Lead the monthly and quarterly accounting close process (GAAP & SAP) ensuring timely and accurate reporting.
• Implement and maintain compliance with new accounting standards and regulatory updates.
• Analyze financial fluctuations and identify key drivers.
• Develop and manage short-term liquidity forecasts to optimize cash flow and investment opportunities.
• Ensure consistency and accuracy in SAP & GAAP reporting schedules and footnote disclosures.
• Oversee financial audits collaborating with external auditors and internal teams.
• Identify and implement process improvements to enhance efficiency and accuracy.
• Strengthen internal controls and support policy development with the Controller.
• Participate in special projects and ad-hoc financial analysis.

Qualifications

Education & Certification:

• Bachelors degree in Accounting (required)
• CPA certification (required)

Experience:

• 10 years of progressive experience in Life & Health Insurance accounting and financial reporting (SAP & GAAP)
• Proven leadership experience in supervising and developing accounting staff

Skills & Knowledge:

• Deep understanding of SAP and GAAP insurance accounting principles Blue Book and audited financial statements
• Advanced Excel skills (VLOOKUP Pivot Tables SUMIF)
• Experience with INFOR General Ledger and Prophix reporting tools
• Strong analytical and problem-solving abilities
• Excellent communication and interpersonal skills
• Ability to manage multiple priorities and meet deadlines in a fast-paced environment

Work Environment

This is a hybrid role requiring onsite presence in our Alexandria VA office three days per week. We offer a collaborative and supportive work environment with opportunities for professional growth and development.

Benefits we offer:

• health insurance (medical dental and vision)
• flexible spending accounts (medical and dependent care)
• 401k plan with generous employer match
• paid time off
• paid holidays (12)
• life insurance
• short- and long-term disability insurance
• employee assistance program
• professional development & tuition reimbursement
• career growth opportunities
• on-site gym and locker rooms (Alexandria VA office only)
• friendly collaborative culture

Qualified people of all races ethnicities ages sex genders sexual orientations national origins gender identities marital status religions veterans statuses disabilities and any other protected classes are strongly encouraged to apply. As an equal opportunity workplace we are committed to creating an inclusive environment for all employees. AFBA and 5Star Life Insurance Company endeavors to make reasonable accommodations to the known physical or mental limitations of qualified applicants with a disability unless the accommodation would impose an undue hardship on the operation of our business. If an applicant believes they require such assistance to complete the application or to participate in an interview or has any questions or concerns they should contactHuman Resources ().EEO is the Law (Link to external DOL site). AFBA and 5Star Life Insurance Company is an Equal Opportunity Employer and an E-Verify Employer.