Statutory Accountant

Base pay range

$100,000.00/yr - $150,000.00/yr

Additional compensation types

Annual Bonus

The Statutory Accountant is responsible for preparing, analyzing, and reporting statutory financial statements in accordance with NAIC accounting principles, state insurance department regulations, and other statutory requirements. This role supports regulatory filings, financial audits, and the maintenance of accurate accounting records for statutory entities. The ideal candidate will have strong knowledge of statutory accounting principles (SAP), attention to detail, and the ability to manage multiple priorities in a fast-paced insurance environment.

Key Responsibilities

• Prepare and analyze quarterly and annual statutory financial statements in compliance with NAIC and state insurance department requirements .
• Ensure timely and accurate completion of statutory filings , including the Blue Book, state supplements, and RBC reports .
• Perform account reconciliations and variance analyses to ensure the integrity of general ledger balances.
• Assist with regulatory examinations and external audits , providing supporting documentation and analysis as requested.
• Maintain detailed documentation of accounting policies and procedures related to statutory reporting.
• Support the conversion or reconciliation between statutory and GAAP financial statements.
• Collaborate with actuarial, tax, and finance teams to ensure accuracy and completeness of reported data.
• Monitor updates to NAIC Accounting Practices & Procedures Manual and implement relevant guidance.
• Assist in the preparation of management reports and presentations for internal stakeholders.

Qualifications

• Bachelor’s degree in Accounting, Finance, or related field required.
• CPA or working toward CPA designation preferred.
• 5–10 years of accounting experience in the insurance or reinsurance industry , with a focus on statutory reporting.
• Strong knowledge of Statutory Accounting Principles (SAP) ; familiarity with GAAP a plus.
• Experience with insurance accounting systems (e.g., Workiva, SAP, Oracle, PeopleSoft, SSAP software, or similar).
• Advanced proficiency in Excel and strong analytical skills.
• Excellent attention to detail, problem-solving, and organizational abilities.
• Strong written and verbal communication skills.

Preferred Attributes

• Experience working with life, property & casualty, or health insurance entities .
• Understanding of risk-based capital (RBC) requirements and state regulatory compliance.
• Ability to work independently and manage deadlines in a dynamic, regulated environment.

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Accounting/Auditing

Industries

Insurance, Insurance Carriers, and Investment Management

Benefits

• Medical insurance
• Vision insurance
• 401(k)
• Paid maternity leave
• Paid paternity leave
• Disability insurance