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Financial Reporting Associate Jobs in Itasca, IL

Manager, Financial Reporting

Lake Forest, IL ยท On-site

$81K - $117K/yr

Trust established by ensuring associates feel respected, valued and heard. At Trustmark, you'll ... Analyze financial statements and reports to identify trends, variances, and key performance ...

Senior Associate Financial Reporting - JLL Location: Chicago, IL (Hybrid) What this job involves: As a Senior Associate Financial Reporting on JLL's Controllership team, you'll play a vital role in ...

Responsibilities Financial Close & Reporting * Own and execute the end-to-end monthly and annual close process, ensuring timely, accurate, and compliant financial results * Maintain the integrity of ...

Responsibilities Financial Close & Reporting * Own and execute the end-to-end monthly and annual close process, ensuring timely, accurate, and compliant financial results * Maintain the integrity of ...

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Financial Reporting Associate information

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.

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 a financial reporting associate a good career?

A financial reporting associate is a valuable role in finance, responsible for preparing and analyzing financial statements and ensuring compliance with accounting standards. It offers opportunities for skill development in accounting, data analysis, and familiarity with financial software, making it a solid entry or mid-level career path in finance. Career growth can lead to senior accounting or finance positions, especially with relevant certifications like CPA or CFA.
What job categories do people searching Financial Reporting Associate jobs in Itasca, IL look for? The top searched job categories for Financial Reporting Associate jobs in Itasca, IL are:
What cities near Itasca, IL are hiring for Financial Reporting Associate jobs? Cities near Itasca, IL with the most Financial Reporting Associate job openings:
Infographic showing various Financial Reporting Associate job openings in Itasca, IL as of August 2026, with employment types broken down into 1% As Needed, 81% Full Time, 16% Part Time, and 2% Contract. Highlights an 89% Physical, 3% Hybrid, and 8% Remote job distribution.

Manager, Financial Reporting

Trustmark

Lake Forest, IL โ€ข On-site

$81K - $117K/yr

Full-time

Medical, Dental, Vision, Life, Retirement

Re-posted 23 days ago


Job description

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.