Accounting professional at State Street focusing on digital asset services. Collaborating with internal teams and clients to drive innovative accounting solutions for fund administration.
BC
Hybrid Vice President, Statutory Accounting
Posted 5 months ago
About the role
- Vice President of Statutory Accounting leading statutory reporting and compliance in P&C insurance. Collaborating with cross-functional teams and ensuring regulatory alignment in financial operations.
Responsibilities
- Lead the preparation, review, and submission of quarterly and annual NAIC statutory financial statements, including reinsurance accounting.
- Ensure compliance with all state insurance department regulations and statutory accounting principles (SAP).
- Oversee internal controls over financial reporting and drive continuous improvement.
- Review state premium taxes and assessments for accuracy and compliance.
- Ensure compliance with RISC reporting requirements.
- Monitor changes in statutory accounting standards and assess their impact.
- Manage and mentor a high-performing team of 57 accounting professionals.
- Collaborate with actuarial, tax, financial reporting, investment, IT, and business systems teams to ensure accurate and timely reporting.
- Serve as the primary liaison with external auditors and state regulators.
- Provide strategic insights and recommendations to the CFO and executive leadership.
- Support financial examinations and audits conducted by state regulators.
- Champion automation and process enhancements across the statutory reporting function.
Requirements
- Bachelor’s degree in Accounting, Finance, or related field; Master's degree or CPA preferred.
- 8+ years of experience in statutory accounting within the P&C insurance industry.
- Deep knowledge of NAIC statutory accounting principles and regulatory requirements.
- Experience with Excess & Surplus Lines business is a plus.
- Proven leadership experience with strong team management and mentoring skills.
- Excellent analytical, organizational, and communication skills.
- Experience with insurance accounting systems (Oracle Fusion preferred).
- Strong data skills; SQL experience is a plus.
Benefits
- Competitive compensation
- Healthcare benefits package that begins on first day of employment
- 401K retirement plan with company match
- Enjoy generous paid time off to support your work-life balance plus 9 ½ paid holidays
- Up to 6 weeks of parental and bonding leave
- Hybrid work schedule (3 days in the office, 2 days from home)
- Longevity awards (every 5 years of employment, receive a generous monetary award to be used toward a vacation)
- Tuition reimbursement after 6 months of employment
- Numerous opportunities for continued training and career advancement
- And much more!
Job title
Job type
Experience level
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Not specified
Degree requirement
Tech skills
Location requirements
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