Assistant Controller - 5Star Life Insurance Company

Armed Forces Benefits Assoc.•Alexandria, VA

13d•Hybrid

About The Position

We are seeking a highly skilled Life Insurance CPA to join our Finance and Accounting team as an Assistant Controller. This role requires deep, hands-on experience specifically within the life insurance industry. This critical role supports both Statutory Accounting Principles (SAP) and GAAP reporting for a life insurance organization, ensuring compliance, accuracy, and timeliness across all financial and regulatory reporting requirements. The successful candidate will be a subject-matter expert in life insurance accounting, comfortable navigating complex statutory reporting, audits, and regulatory expectations. The ideal candidate brings extensive life insurance accounting expertise, a proactive and hands-on approach to problem-solving, and demonstrated leadership experience managing accounting teams and close processes in a regulated insurance environment.

Requirements

Bachelor’s degree in Accounting (required)
CPA certification (required)
10+ years of progressive accounting experience within the life insurance industry
Direct experience with SAP and GAAP reporting for life insurance companies is required
Proven leadership experience supervising and developing accounting staff in a regulated insurance environment
Expert-level knowledge of life insurance SAP and GAAP accounting principles, including Blue Book guidance and audited statutory financial statements
Strong understanding of life insurance regulatory reporting and audit requirements
Advanced Excel skills (VLOOKUP, Pivot Tables, SUMIF)
Strong analytical judgment and problem-solving abilities
Excellent written and verbal communication skills
Ability to manage multiple priorities and meet deadlines in a fast-paced, compliance-driven environment

Nice To Haves

Experience with INFOR General Ledger and Prophix reporting tools

Responsibilities

Lead the monthly and quarterly close process for a life insurance entity, supporting both GAAP and SAP reporting with accuracy and timeliness.
Ensure compliance with life insurance statutory accounting requirements, including regulatory filings and disclosures.
Implement and maintain compliance with new accounting standards and regulatory updates impacting life insurance companies.
Analyze financial fluctuations and identify key drivers specific to life insurance operations.
Develop and manage short-term liquidity forecasts to support life insurance cash flow needs and investment activities.
Ensure consistency and accuracy in SAP & GAAP schedules and footnote disclosures for life insurance financial statements.
Oversee financial audits, serving as a primary liaison with external auditors and regulators.
Identify and implement process improvements to enhance efficiency, accuracy, and control within the life insurance accounting function.
Strengthen internal controls and support policy development in partnership with the Controller.
Participate in special projects and ad-hoc financial analysis related to life insurance reporting and regulatory initiatives.