As an Insurance Accounting Manager, you will manage critical financial reporting and ensure compliance for a portfolio of Property & Casualty (P&C) insurance companies. This role is responsible for the preparation of quarterly and annual statutory statements (Yellow Book), audited statutory financials, and regulatory filings, providing insights on financial condition and trends.
Key Responsibilities
- Statutory Financial Reporting: Prepare accurate quarterly and annual SAP financial statements, including the Yellow Book and all required schedules for regulatory compliance.
- Transaction Accuracy: Ensure all transactions are recorded accurately and timely, with regular reconciliation to prevent discrepancies.
- Financial Analysis: Provide written analysis of monthly operating results and maintain comprehensive financial documentation.
- GAAP & SAP Adjustments: Identify and record adjustments between GAAP and SAP on a quarterly basis.
- Audit Coordination: Work closely with external auditors to provide necessary documentation, schedules, and analysis during annual audits.
- Regulatory Inquiries: Respond to requests and inquiries from the Insurance Department and other regulatory bodies.
- Process Improvement: Identify, recommend, and implement opportunities to improve financial reporting processes for efficiency and accuracy.
- Leadership: Oversee a team of skilled accounting professionals, guiding their development and ensuring high standards of performance.
Qualifications
- Education:
- Bachelor’s Degree in Accounting required; Master’s in Accounting or MBA preferred
- CPA preferred
- Experience:
- 5-7 years of experience in accounting and financial reporting for a P&C insurance company
- Extensive experience with P&C Yellow Book schedules
- Technical Skills:
- Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint, Outlook)
Essential Skills
- Collaborative Style: Strong interpersonal skills with a focus on team success.
- Analytical & Problem-Solving: Skilled in analysis, detail-oriented, and proactive in anticipating reporting challenges.
- Adaptability: Able to manage complex projects, navigate technical accounting issues, and handle a dynamic workload.
If you have a background in insurance accounting, strong analytical skills, and experience with statutory reporting, this is an excellent opportunity to join an innovative company and advance your career in a leadership role.