Statutory Accountant II

Statutory Accountant IIThe Statutory Accountant II performs professional accounting activities for Security First Managers related to statutory and reinsurance accounting, financial statement preparation, and regulatory reporting. This role works closely with the Controller / Chief Financial Officer to determine and record appropriate Incurred But Not Reported (IBNR) liabilities and exposure reserves in the general ledger. The position partners with outside reinsurance intermediaries and actuaries as needed and collaborates with members of the accounting team to support monthly and annual close processes, as well as the preparation of National Association of Insurance Commissioners (NAIC) quarterly and annual statements.Essential Job Functions including but not limited to:Record and reconcile net earned premium, written premiums, claims adjusting fees, and related items for EMPA, FIGA, FHCF, CPIC, and MGA activity within the general ledgerReconcile and remit CPIC and FHCF assessmentsRecord and reconcile reinsurance payables for excess per risk, FHCF, excess of loss, and quota share reinsurance treatiesPrepare and record monthly reinsurance-related journal entriesRecord and reconcile premium tax payable accountsRecord net incurred losses and loss adjustment expensesRecord reinsurance recoverables in the general ledger and provide reimbursement summariesPrepare NAIC quarterly and annual statutory statementsReview accounts receivable balances over 90 days and $500 to ensure statutory compliance and system accuracy; refer eligible balances to collectionsInitiate premium adjustments as necessaryPrepare and distribute Summary of Results and financial statements for SFICPrepare and submit required regulatory filingsAssist with timely month-end and year-end close processesSupport interim and annual audit activitiesIdentify and manage existing and emerging risks related to business activities and the roleEnsure risks are appropriately identified, measured, monitored, and managed in accordance with company policiesFollow established risk management, compliance, and internal control policies and proceduresMinimum Requirements: • Bachelor's degree in accounting • Five (5) years of progressively responsible accounting experience with significant experience in the insurance industry with statutory exposure • Or an equivalent combination of education, certification, training, and/or experience