Statutory Accountant

Candidates must have prior insurance industry experience with statutory reporting experience.

About the role

The Statutory Accountant will support the preparation of statutory financial reporting, reinsurance accounting activities, and regulatory filings for a property & casualty insurance organization. This role partners closely with finance leadership, actuaries, reinsurance partners, and cross-functional teams to ensure accurate financial reporting, compliance with statutory accounting principles, and timely completion of accounting close processes.

Responsibilities

• Prepare quarterly and annual NAIC statutory financial statements and related regulatory filings.
• Perform statutory accounting activities in accordance with SSAP and insurance regulatory requirements.
• Manage reinsurance accounting, including treaty reconciliations, recoverables, payables, and related journal entries.
• Prepare and review monthly account reconciliations and supporting schedules.
• Record and analyze premium activity, loss reserves, loss adjustment expenses, and ceded reinsurance transactions.
• Support month-end, quarter-end, and year-end close processes.
• Assist with financial statement preparation, variance analysis, and management reporting.
• Coordinate with actuaries regarding reserve calculations and financial reporting impacts.
• Support internal and external audits by preparing schedules and responding to audit requests.
• Monitor compliance with regulatory requirements and assist with regulatory examinations as needed.
• Identify accounting issues, recommend process improvements, and strengthen internal controls.
• Collaborate with finance and operational teams to ensure accurate and timely financial reporting.

Requirements

• 5+ years of insurance accounting experience.
• Strong statutory accounting and NAIC reporting experience.
• Experience with reinsurance accounting and treaty reconciliations.
• Knowledge of insurance financial statements, regulatory filings, and statutory reporting requirements.
• Experience supporting audits and month-end close processes.
• Advanced Excel skills and proficiency with accounting systems.
• Strong analytical, organizational, and communication skills.

Skills

• Strong knowledge of statutory accounting and NAIC reporting.
• Experience preparing quarterly and annual statutory statements.
• Reinsurance accounting and treaty reconciliation expertise.
• Financial statement preparation and account reconciliations.
• Month-end and year-end close experience.
• Regulatory filing and audit support experience.
• Ability to analyze reserves, loss activity, and financial data.
• Proficiency in Excel and insurance accounting systems.
• Strong attention to detail and problem-solving skills.
• Effective communication and cross-functional collaboration abilities.