Job Summary: As the Manager Statutory Reporting, you will manage a professional team responsible for the preparation and filing of statutory financial statements for all insurance entities. Oversee the preparation and filing of additional state filings as required by state insurance regulators. Provide recommendations to leadership on statutory reporting topics. Develop a team that can scale with the business and create efficiencies while ensuring data compliance and integrity.
* Must be able to work PST hours as needed. *Key Responsibilities: Statutory financial reporting: Manage the development and production of statutory financial reports including the Annual Statements, Quarterly Statements and Audited Financial Statements for all insurance subsidiaries. Manage a team to complete monthly and quarterly close activities. Ensure regulatory compliance, quality, and internal accounting controls. Oversee the preparation of internal financial management reports and board reporting materials. Effectively communicate statutory financial results to senior management.
State regulatory compliance: Manage the preparation and submissions required by state insurance regulators. Coordinate with individuals across the enterprise to provide detailed financial and statistical information in specific formats requested by rating agencies, state insurance examiners and other organizations in the insurance industry.
Recommendations: Prepare analysis, presentations and recommendations regarding statutory data and results. Review research on statutory accounting and emerging issues and propose or incorporate disclosure conclusions. Support the preparation of executive summaries on complex issues requiring extensive research and analysis of statutory reporting requirements for senior management.
Leading a team: Manage, coach, and develop team members. Work with team members to develop skill sets that improve capabilities and ability to achieve superior results. Capable of maintaining oversight of a domestic remote team and third party offshore business staff. Develop and maintain effective and responsive communication with team members to timely identify and understand critical performance factors and accurate financial information.
Scaling and efficiency: Identify and execute opportunities to create efficiencies, scale the team, foster knowledge sharing across the organization, and optimize operating model across a global workforce. Demonstrate an ability to understand data requirements, leverage technology across an organization and assist in implementing system solutions that achieve shared goals across the company.
Skills and Background You'll Need:Education:- Bachelor's degree in Accounting, Finance, or equivalent experience.
- CPA, CMA or MBA (preferred)
Experience: - 8 years of combined experience in insurance industry statutory reporting, financial reporting, management reporting, and supervisory experience or the equivalent combination of education and/or relevant experience.
- Work experience with public auditing and regulatory agencies (preferred).
- Supervisory experience leading a team and providing coaching, mentorship and development opportunities.
- ERP experience with data extraction and report building (preferred).
- MS Office -- advanced Excel (required)
- Power BI (preferred)
Key Behaviors of a Successful Candidate:Developing People: Develop and maintain effective and responsive communication with team members to ensure timely identification and understanding of critical performance factors and accurate financial information.
Improvement Mindset: Constantly pursue exceptional results that take us "next level."
Driving Success: Collaborate and communicate effectively with stakeholders within the finance and accounting team to ensure regulatory compliance, quality and internal accounting controls.
#LI-Remote
Why Join The Standard?We have built an enduring legacy of stability, financial strength and exceptional customer service through the contributions of the service-oriented people who choose to work at The Standard. To ensure we can attract and retain the best talent, when you join The Standard you can expect:
- A rich benefits package including medical, dental, vision and a 401(k) plan with matching company contributions
- An annual incentive bonus plan
- Generous paid time off including 11 holidays, 2 wellness days, and 8 volunteer hours annually - PTO increases with tenure
- A supportive, responsive management approach and opportunities for career growth and advancement
- Paid parental leave and adoption/surrogacy assistance
- An employee giving program that double matches your donations to eligible nonprofits and schools
In addition to the competitive salary range below, our employee-focused benefits support work-life balance. Learn more about working at The Standard.
- Eligibility to participate in an incentive program is subject to the rules governing the program and plan. Any award depends on a variety of factors including individual and organizational performance.
The actual compensation for this role will be based on a combination of education and experience, knowledge and skills, position budget, internal equity, and market data.
Salary Range:
$97,750.00 - $156,250.00
Positions will be posted for at least 5 days from original posting date.