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Director of Statutory Accounting

United States, Villa Park 170000.00 - 185000.00 USD / Year · Job Posted May 03, 2026
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Job Responsibility

  • Prepares quarterly and annual statutory financial statements (Yellow and blue books) for the insurance companies
  • Responsible for filing data and statements with regulatory agencies including NAIC
  • Drafts Footnote disclosures and provides well organized work papers to facilitate review of quarterly schedules
  • Attends annual training and develops user requirements related to update Statutory Accounting disclosures and reports
  • Manage regulatory reviews including maintaining records that support financial activity
  • Monitors changes to statutory reporting requirements and ensures compliance with accounting policy
  • Responsible for the preparation of General Interrogatories and Notes to the Financial Statements
  • Reconcile Premium, Claim, Cash Clearing and Prepaid Balance Sheet accounts
  • Skilled in working with Sovos, formerly eFreedom, software and maintaining access as well as running cross checks and validations of quarterly and annual statements
  • Work with Oracle Fusion and SmartView tools to ensure data accuracy and completeness
  • Assist external auditors in reviewing financial activity and preparing audit exhibits and statements
  • Support the preparation of annual statement supplement filings including SHCE, MLR, RBC, A&H Policy Exhibit and NY Supplement
  • Complete Supplemental filings and prepare draft of MDA’s for review by management
  • Review Investment schedule D’s to ensure roll forwards and continuity of balances to face financials are reasonable
  • Complete RBC calculations for the regulated entities and provide explanations of the year-over-year changes
  • Identify future trends and model potential transactions and their impact on RBC levels
  • Coordinate and accumulate financial analytics including explanations for review
  • Prepare and track operational timeline and actions items while managing a team close schedule
  • Review and support the preparation of quarterly estimated premium tax filings and the annual premium tax returns
  • Review and support the various state assessment and data collection filings
  • Review and approve the recording of accruals within the general ledger associated with these filings

Requirements

  • Bachelor’s Degree in Accounting/Finance required
  • CPA preferred
  • 4-6 years’ experience working in statutory insurance accounting required
  • Expertise with insurance accounting (A&H, Life and Property & Casualty) preferred
  • Developed understanding of insurance company concepts preferred
  • Extensive knowledge and understanding of SSAP’s and the ability to evaluate their applicability preferred
  • Exceptional prioritization and time management ability with a sense of urgency to deal with the pressures of meeting regulatory deadlines required
  • Experience with annual statement software (SOVOS, formerly eFreedom), and G/L system (Oracle) preferred
  • Premium tax return experience preferred
  • Management of staff members preferred

What we offer

  • medical
  • vision
  • dental
  • life
  • disability insurance
  • bonus
  • 401(k) plan

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