Job DescriptionJob SummaryStewart Title is seeking an experienced statutory reporting professional to join its Corporate Reporting team. This role is responsible for preparing quarterly and annual statutory financial statements and related regulatory filings for the Company's title insurance subsidiaries in accordance with Statutory Accounting Principles (SAP), NAIC guidance, and applicable state insurance regulations. The position will play a key role in policy loss reserve accounting, investments, reinsurance, regulatory compliance, and financial analysis while partnering closely with actuaries, auditors, and finance leadership.
Job Responsibilities- Prepare complex quarterly and annual statutory financial statements for Stewart's regulated title insurance companies with respective state department of insurance.
- Assist in ensuring compliance with SAP, NAIC reporting requirements, and applicable state insurance regulations.
- Prepare statutory schedules, exhibits, footnote disclosures, interrogatories, and supporting schedules.
- Coordinate and manage statutory reporting deadlines to ensure timely filings with insurance regulators. Coordinate annual statutory audits and state insurance examinations.
- Coordinate with External Actuaries for midyear and annual review of STG, including preparation/review of all data and required schedules.
- Prepare journal entries, reconciliations, and supporting documentation impacting statutory financial statements, as applicable.
- Prepare statutory surplus analyses, reserve reporting, forecasts, capital reporting, and other regulatory financial analyses.
- Prepare periodic policy loss reserve calculations and schedules for the main underwriter subsidiary (STG) on both GAAP and SAP basis.
- Prepare or assist in monthly investment accounting and recording of income and trading activity, including monthly custodial account reconciliations.
- Prepare monthly reinsurance accounting and reconciliations.
- Monitor changes in statutory accounting guidance, NAIC pronouncements, and state regulatory requirements, evaluating their impact on the Company.
- Collaborate with Corporate Reporting and Operations Accounting teams to ensure accurate reconciliation between GAAP financial reporting and statutory financial reporting.
- Research, document, and communicate complex statutory accounting conclusions, including preparation of technical accounting memoranda and presentations to executive leadership, auditors, and regulators.
- Support internal controls over financial reporting and maintain documentation supporting SOX and regulatory compliance.
- Partner with Finance and Accounting leadership to improve statutory reporting processes through automation, documentation, and continuous improvement initiatives. Perform special projects as assigned by Finance and Accounting leadership.
Education- Bachelor's degree in relevant field preferred
Experience- CPA
- 5+ years of insurance statutory reporting experience, with strong understanding of insurance company financial reporting and regulatory compliance
- Experience preparing quarterly and annual statutory financial statements
- Advanced Excel skills
- Ability to research and interpret complex regulatory and accounting guidance and communicate conclusions effectively to management and external stakeholders.
- Excellent analytical, communication, and project management abilities
- Knowledge of internal controls and SOX compliance
BenefitsStewart offers eligible employees a competitive benefits package that includes, but is not limited to a variety of health and wellness insurance options and programs, paid time off, 401(k) with company match, employee stock purchase program, and employee discounts.
