The Assistant Controller plays a critical role in ensuring the accurate preparation, analysis, and reporting of statutory financial statements and regulatory filings in compliance with applicable accounting standards ( GAAP & statutory accounting principles). This role is integral to maintaining the financial integrity of the company, ensuring compliance with insurance industry regulations, and supporting external audits and financial examinations.
Responsibilities:
- Prepare and review statutory financial statements in accordance with regulatory accounting principles (e.g., SAP, & GAAP).
- Ensure timely and accurate filing of financial statements with regulatory bodies (e.g., state insurance departments, NAIC).
- Coordinate with external auditors and manage the audit process for statutory filings.
- Support preparation of quarterly and annual statements (e.g., Schedule P, Schedule F, Schedule D) for the company's insurance entities.
- Monitor changes in regulatory requirements, accounting standards, and industry practices related to statutory accounting.
- Develop and implement best practices for statutory accounting processes and procedures.
- Establish and maintain internal controls over the preparation and reporting of statutory financial statements.
- Provide support for financial projects, including new product accounting, reinsurance transactions, and mergers or acquisitions.
- Analyze statutory reporting results and trends to support management decision-making.
Requirements:
- Bachelor's degree in Accounting, Finance, or a related field.
- CPA designation or equivalent professional accounting qualification preferred.
- Minimum of 5-7 years of experience in statutory accounting, preferably in the insurance industry.
- In-depth knowledge of statutory accounting principles (SAP) and regulatory reporting requirements for insurance companies.
- Experience in financial statement preparation, regulatory filings, and working with external auditors.
Benefits:
- A competitive salary based on experience.
- Annual bonuses.
- Benefits package including medical, dental, vision, retirement plans, and PTO.
- Hybrid working schedules.
- A clear route for progression.
