Job Description SummaryJob Description Summary
This role is with Employers Reassurance Corporation (ERAC), a reinsurance company and corporate holding of GE Aerospace. ERAC supports long-duration insurance products, including long-term care insurance, structured settlement annuities, life insurance, and other insurance solutions.
The position serves as a key insurance statutory accounting advisor and subject-matter expert, providing leadership on Statutory Accounting Principles (SAP) issued by the National Association of Insurance Commissioners (NAIC), as well as applicable state laws, regulations, and administrative guidance. The role may also support select U.S. GAAP insurance accounting matters, as needed.
This position reports directly to the ERAC Chief Accounting Officer.
Job DescriptionJob DescriptionRoles and Responsibilities- Serve as subject matter expert on insurance SAP, including interpretations and application of the NAIC guidance
- Monitor and analyze emerging regulatory developments from the NAIC and other governing bodies; assess impact and drive implementation of new guidance
- Participate in and represent ERAC at various NAIC meetings and industry forums
- Communicate complex technical accounting issues simply and clearly to senior leadership and cross-functional stakeholders, including actuarial, finance, investment and operational team members, among others, and regulators
- Lead preparation and review of statutory financial statements, including annual and quarterly filings (Blue Books), and risk-based capital calculations, reporting and related analysis
- Contribute to ensuring ongoing compliance with the NAIC's Principles-Based Bond Definition framework
- Support financial reporting processes, ensuring accuracy, completeness, and timeliness
- Strengthen and maintain internal controls over financial reporting, including SOX and Model Audit Rule
- Collaborate with internal and external auditors to support audits and regulatory examinations
Required Qualifications- Certified Public Accountant designation
- Minimum [8] years of direct insurance SAP experience
- Bachelor's degree in accounting or finance
Desired Characteristics- Public accounting experience: strong technical foundation and demonstrated expertise in SAP and GAAP accounting and disclosure requirements
- Experience with insurance statutory financial statement preparation (Blue Books) and risk-based capital framework
- Knowledge of life insurance and investment products and fair value measurement concepts
- Demonstrated oral and written communication skills; ability to influence and collaborate across organizational levels
- High level of professional judgment and attention to detail
- Experience with internal controls, including SOX and MAR
- Proven ability to work effectively in remote environment and manage multiple priorities
- Familiarity with lean principles
- Proficient use of financial systems and Microsoft Office (e.g., Excel, Word, PowerPoint)
The base pay range for this position is $137,000.00 - 180,000.00 Annual. The specific pay offered may be influenced by a variety of factors, including the candidate's experience, education, and skill set. This position is also eligible for an annual discretionary bonus based on a percentage of your base salary. This posting is expected to close on 4/10/26.
GE Aerospace offers comprehensive benefits and programs to support your health and, along with programs like Health Ahead, your physical, emotional, financial and social wellbeing. Healthcare benefits include medical, dental, vision, and prescription drug coverage; access to a Health Coach from GE Aerospace; and the Employee Assistance Program, which provides 24/7 confidential assessment, counseling and referral services. Retirement benefits include the GE Aerospace Retirement Savings Plan, a 401(k) savings plan with company matching contributions and company retirement contributions, as well as access to Fidelity resources and planning consultants. Other benefits include tuition assistance, adoption assistance, paid parental leave, disability insurance, life insurance, and paid time-off for vacation or illness.
Relocation Assistance Provided: No
#LI-Remote - This is a remote position
