VP, Statutory Reporting

About the role

Palomar Holdings, with five active P&C carriers operating across all 50 states, is seeking a VP of Statutory Reporting to provide strategic leadership for our Statutory Reporting function. Reporting to the EVP, Treasury and Financial Operations, this executive will oversee all statutory financial reporting activities, drive process improvements, manage regulatory filings, and ensure compliance with NAIC and state insurance regulations.

Responsibilities

• Leadership & Team Development: Provide strategic leadership, mentorship, and oversight for the Statutory Reporting function, fostering a culture of accountability, collaboration, and continuous improvement. Recruit, develop, and retain a high-performing team while establishing scalable processes to support organizational growth.
• Financial Reporting & Controls: Lead the statutory close and reporting processes, ensuring the timely and accurate preparation of monthly, quarterly, and annual financial results. Maintain a strong internal control environment and ensure the integrity, accuracy, and completeness of statutory financial data and disclosures. Drive process optimization initiatives to enhance reporting efficiency, scalability, and compliance.
• Statutory Reporting & Regulatory Compliance: Oversee the preparation, review, and submission of all statutory reporting requirements, including:
  • NAIC and state regulatory Quarterly and Annual Statements
  • Supplemental regulatory filings and schedules
  • Audited statutory-basis financial statements
  • Group Capital Calculation filings, AM Best Supplemental Rating Questionnaires, and other required regulatory submissions
  Ensure compliance with statutory accounting principles (SAP), NAIC guidance, and state insurance regulations.
• Cross-Functional Partnership: Serve as a key finance partner to Corporate Finance, Actuarial, Reinsurance, Investments, Treasury, Tax, and Data teams to ensure the accuracy and completeness of statutory reporting. Collaborate with senior leadership to evaluate the statutory implications of business initiatives, transactions, and strategic priorities.
• Technical Accounting & Regulatory Change Management: Provide subject matter expertise on Statutory Accounting Principles (SSAP) and evolving regulatory requirements. Monitor industry developments and regulatory changes, assessing impacts and leading implementation efforts across the organization. Develop and maintain accounting policies, reporting procedures, and governance frameworks to support compliance and best practices.
• Capital Management & Risk Oversight: Lead the preparation and analysis of Risk-Based Capital (RBC) calculations and related regulatory capital reporting. Deliver meaningful insights and recommendations to executive leadership regarding capital adequacy, regulatory trends, and enterprise risk exposures.
• External Audits & Regulatory Relations: Serve as the primary liaison with external auditors, regulatory agencies, and insurance department examiners. Lead responses to regulatory inquiries, examinations, and audits, ensuring timely resolution and effective stakeholder management. Build and maintain strong relationships with regulatory bodies and external business partners to support the organization’s compliance objectives.

Requirements

• Strong understanding of GAAP and SAP, with the ability to stay updated on regulatory developments and apply new guidance.
• Expertise in accounting and regulatory matters to support business development, strategic initiatives, and special projects.
• Effective communication skills to engage with external regulators and internal leadership.
• Proficiency in complex statutory accounting and capital requirements, with the ability to simplify concepts for broader audiences.
• A team-oriented leader who mentors and leads by example.
• Bachelor’s degree in accounting (minimum requirement).
• 10+ years of progressive experience in NAIC insurance filings.
• 5+ years of supervisory experience in a similar role.
• Strong analytical skills and attention to detail.
• Ability and desire to be a problem-solver.
• Proficiency in MS Office (Excel, Word, PowerPoint).

Preferred Qualifications

• CPA certification.
• Public company experience.
• M&A experience.

Benefits

• Full Suite of Medical Benefits
• Long Term Financial Incentives – STOCK!
• 401k with 3.5% Automatic Fully Vested Employer Contributions
• Competitive PTO + Holiday Program
• Lifestyle Spending Allowance
• Professional Development Assistance
• Career Exploration Opportunities
• Regular company-wide social events (even virtually!)

Pay

CCPA Job Applicant Pay Range: $190,000–$285,000 + Bonus Potential & Participation in our Competitive Long-Term Incentive (LTI) Program. Final offer amounts are determined by multiple factors, including candidate experience and qualifications.