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Financial Reporting Associate Jobs in Virginia (NOW HIRING)

Sr. Associate, Financial Analysis Capital One is seeking a motivated professional for a Senior ... Financial reporting and analysis, including budgeting, forecasting, variance analysis, financial ...

Sr. Associate, Financial Analysis

Mclean, VA · On-site

$86K - $107K/yr

Sr. Associate, Financial Analysis Capital One is seeking a motivated professional for a Senior ... Financial reporting and analysis, including budgeting, forecasting, variance analysis, financial ...

Sr. Associate, Financial Analysis Capital One is seeking a motivated professional for a Senior ... Financial reporting and analysis, including budgeting, forecasting, variance analysis, financial ...

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Financial Reporting Associate information

Who is higher, an associate or an analyst?

In financial reporting roles, an analyst typically holds a higher position than an associate. Analysts often have more experience and may be responsible for more complex analysis and decision-making, while associates support these tasks and handle routine reporting. The specific hierarchy can vary by organization, but generally, analysts are considered senior to associates.

What are some common challenges Financial Reporting Associates face when consolidating financial statements across multiple entities?

One common challenge Financial Reporting Associates encounter is ensuring accuracy and consistency when consolidating financial statements from various subsidiaries or departments, especially if each uses different accounting systems or follows slightly different processes. This often requires strong attention to detail, effective communication with other teams, and a solid understanding of relevant accounting standards like GAAP or IFRS. Additionally, tight reporting deadlines can make it more difficult to resolve discrepancies quickly, so time management and problem-solving skills are crucial for success in this role.

What does a Financial Reporting Associate do?

A Financial Reporting Associate is responsible for preparing, analyzing, and presenting financial statements and reports for an organization. They ensure that all financial documents comply with regulatory requirements and company policies. Their role often includes collaborating with accounting teams, assisting with audits, and supporting the month-end or year-end close processes. Attention to detail, strong analytical skills, and knowledge of financial regulations are essential for success in this position.

What is the difference between Financial Reporting Associate vs Financial Analyst?

AspectFinancial Reporting AssociateFinancial Analyst
Primary FocusPreparing financial statements, ensuring compliance, and reporting accuracyAnalyzing financial data, forecasting, and providing investment insights
Required SkillsAccounting knowledge, attention to detail, familiarity with reporting standardsFinancial modeling, data analysis, strategic thinking
CertificationsCPA or similar accounting credentials often preferred CFA, CPA, or related certifications beneficial
Work EnvironmentCorporate finance or accounting departments, often in finance or accounting firmsInvestment firms, corporate finance, consulting

The main difference is that Financial Reporting Associates focus on preparing and verifying financial reports, ensuring compliance with standards, while Financial Analysts analyze financial data to support decision-making and strategic planning. Both roles require strong analytical skills and relevant certifications, but their core responsibilities differ in scope and purpose.

Will AI replace financial analysts?

AI can automate routine tasks in financial analysis, such as data collection and basic reporting, but it is unlikely to fully replace financial analysts. Analysts' skills in interpretation, strategic decision-making, and client communication remain essential, and AI tools are typically used to enhance their work rather than replace it.

What are the key skills and qualifications needed to thrive as a Financial Reporting Associate, and why are they important?

To thrive as a Financial Reporting Associate, you need strong analytical abilities, attention to detail, and a background in accounting or finance, typically supported by a bachelor's degree. Familiarity with financial reporting standards (like GAAP or IFRS), advanced Excel skills, and experience with ERP systems such as SAP or Oracle are commonly required. Excellent organizational skills, clear communication, and the ability to work under deadlines help individuals excel in this role. These skills ensure the accurate preparation of financial statements, compliance with regulatory requirements, and effective collaboration with stakeholders.

Is FP&A an entry level job?

Financial Planning and Analysis (FP&A) roles are often entry-level positions, but they can also require some prior experience or relevant skills such as Excel proficiency and financial modeling. Entry-level FP&A jobs typically focus on data analysis, budgeting, and reporting, and may require a bachelor's degree in finance, accounting, or a related field.

What is a financial reporting associate?

A financial reporting associate is responsible for preparing, analyzing, and ensuring the accuracy of financial statements and reports. They often use accounting software and have strong attention to detail, typically requiring knowledge of accounting standards and financial regulations. This role supports the transparency and compliance of an organization’s financial information.
What are the most commonly searched types of Financial Reporting jobs in Virginia? The most popular types of Financial Reporting jobs in Virginia are:
What are popular job titles related to Financial Reporting Associate jobs in Virginia? For Financial Reporting Associate jobs in Virginia, the most frequently searched job titles are:
What job categories do people searching Financial Reporting Associate jobs in Virginia look for? The top searched job categories for Financial Reporting Associate jobs in Virginia are:
Financial Reporting Analyst

Financial Reporting Analyst

Elevance Health

Norfolk, VA • Hybrid

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 29 days ago


Elevance Health rating

7.7

Company rating: 7.7 out of 10

Based on 335 frontline employees who took The Breakroom Quiz

174th of 262 rated insurance


Job description

Anticipated End Date:

2026-06-24

Position Title:

Financial Reporting Analyst

Job Description:

Financial Reporting Analyst

Location: This role requires associates to be in-office 1 - 2 days per week, fostering collaboration and connectivity, while providing flexibility to support productivity and work-life balance. This approach combines structured office engagement with the autonomy of virtual work, promoting a dynamic and adaptable workplace. Alternate locations may be considered if candidates reside within a commuting distance from an office.

Please note that per our policy on hybrid/virtual work, candidates not within a reasonable commuting distance from the posting location(s) will not be considered for employment, unless an accommodation is granted as required by law.

The Financial Reporting Analystis responsible for the timely and accurate preparation of complex external financial statements and all related filings. Prepares and compiles one or more of the following financial statements: Annual and Quarterly Statutory Financial Reports, Annual Statutory Audited Financial Statement, Form 10-K and/or Form 10-Q.

How You Will Make An Impact:

  • Coordinates and compiles complex financial statements and analyzes results.
  • Assist in the interpretation of new accounting pronouncements and issues papers.
  • Prepares draft responses to government and/or regulatory agencies requests and inquiries. Provides information for external audits.
  • Interfaces with departments and management to communicate concerns and resolve issues timely.
  • May prepare draft technical accounting position memorandums, coordinates and compiles annual and semi-annual Risk-Based Capital calculations for company, and/or maintains and updates financial analysis packages given to senior management for comparison between GAAP, BCBSA, or statutory accounting analysis.
  • Review of actual versus forecasted medical loss ratio results. Recommends and develops enhancements to accounting methods and procedures.

Minimum Requirements:

Requires BA/BS in finance or accounting required and a minimum of 5 years of directly related experience; or any combination of education and experience, which would provide an equivalent background.

Preferred Skills, Capabilities & Experiences:

  • MBA, CMA and/or CPA preferred.
  • Previous experience involving the application of GAAP or statutory accounting principles and/or SEC or other financial reporting experience is preferred.

Job Level:

Non-Management Exempt

Workshift:

1st Shift (United States of America)

Job Family:

AFA > Financial Reporting, Planning & Analysis

Please be advised that Elevance Health only accepts resumes for compensation from agencies that have a signed agreement with Elevance Health. Any unsolicited resumes, including those submitted to hiring managers, are deemed to be the property of Elevance Health.


Who We Are

Elevance Health is a health company dedicated to improving lives and communities - and making healthcare simpler. We are a Fortune 25 company with a longstanding history in the healthcare industry, looking for leaders at all levels of the organization who are passionate about making an impact on our members and the communities we serve.


How We Work

At Elevance Health, we are creating a culture that is designed to advance our strategy but will also lead to personal and professional growth for our associates. Our values and behaviors are the root of our culture. They are how we achieve our strategy, power our business outcomes and drive our shared success - for our consumers, our associates, our communities and our business.


We offer a range of market-competitive total rewards that include merit increases, paid holidays, Paid Time Off, and incentive bonus programs (unless covered by a collective bargaining agreement), medical, dental, vision, short and long term disability benefits, 401(k) +match, stock purchase plan, life insurance, wellness programs and financial education resources, to name a few.


Elevance Health operates in a Hybrid Workforce Strategy. Unless specified as primarily virtual by the hiring manager, associates are required to work at an Elevance Health location at least once per week, and potentially several times per week. Specific requirements and expectations for time onsite will be discussed as part of the hiring process.


The health of our associates and communities is a top priority for Elevance Health. We require all new candidates in certain patient/member-facing roles to become vaccinated against COVID-19 and Influenza. If you are not vaccinated, your offer will be rescinded unless you provide an acceptable explanation. Elevance Health will also follow all relevant federal, state and local laws.


Elevance Health is an Equal Employment Opportunity employer, and all qualified applicants will receive consideration for employment without regard to age, citizenship status, color, creed, disability, ethnicity, genetic information, gender (including gender identity and gender expression), marital status, national origin, race, religion, sex, sexual orientation, veteran status or any other status or condition protected by applicable federal, state, or local laws. Applicants who require accommodation to participate in the job application process should submit the following form: Accessibility Accommodation Request Form and a member of the team will be in contact. Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state, and local laws, including, but not limited to, the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act.


Prospective employees required to be screened under Florida law should review the education and awareness resources at HB531 | Florida Agency for Health Care Administration.


NOTE: Workday keeps job postings active through 11:59:59 PM on the day before the listed end date. Example: If the end date is 3/13, the posting will automatically come down on 3/12 at 11:59:59 PM. In other words - the job is posted until 3/13, not through 3/13.


What Elevance Health employees say

Pay

Benefits

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Get the full story on Breakroom


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About Elevance Health

Sourced by ZipRecruiter

Elevance Health is a health company dedicated to improving lives and communities - and making healthcare simpler. A Fortune 20 company with a longstanding history in the healthcare industry, we are looking for leaders at all levels of the organization who are passionate about making an impact on our members and the communities we serve. You will thrive in a complex and collaborative environment where you take action and ownership to solve problems and lead change. Do you want to be part of a larger purpose and an evolving, high-performance culture that empowers you to make an impact?

Industry

Health care and social assistance

Company size

10,000+ Employees

Headquarters location

Indianapolis, IN, US

Year founded

2004

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