Insurance Technical Statutory Accounting Controller
About The Position
This role is with Employers Reassurance Corporation (ERAC), a reinsurance company and corporate holding of GE Aerospace. ERAC supports long‑duration insurance products, including long‑term care insurance, structured settlement annuities, life insurance, and other insurance solutions. The position serves as a key insurance statutory accounting advisor and subject‑matter expert, providing leadership on Statutory Accounting Principles (SAP) issued by the National Association of Insurance Commissioners (NAIC), as well as applicable state laws, regulations, and administrative guidance. The role may also support select U.S. GAAP insurance accounting matters, as needed. This position reports directly to the ERAC Chief Accounting Officer.
Requirements
- Certified Public Accountant designation
- Minimum 8 years of direct insurance SAP experience
- Bachelor's degree in accounting or finance
Nice To Haves
- Public accounting experience: strong technical foundation and demonstrated expertise in SAP and GAAP accounting and disclosure requirements
- Experience with insurance statutory financial statement preparation (Blue Books) and risk-based capital framework
- Knowledge of life insurance and investment products and fair value measurement concepts
- Demonstrated oral and written communication skills; ability to influence and collaborate across organizational levels
- High level of professional judgment and attention to detail
- Experience with internal controls, including SOX and MAR
- Proven ability to work effectively in remote environment and manage multiple priorities
- Familiarity with lean principles
- Proficient use of financial systems and Microsoft Office (e.g., Excel, Word, PowerPoint)
Responsibilities
- Serve as subject matter expert on insurance SAP, including interpretations and application of the NAIC guidance
- Monitor and analyze emerging regulatory developments from the NAIC and other governing bodies; assess impact and drive implementation of new guidance
- Participate in and represent ERAC at various NAIC meetings and industry forums
- Communicate complex technical accounting issues simply and clearly to senior leadership and cross-functional stakeholders, including actuarial, finance, investment and operational team members, among others, and regulators
- Lead preparation and review of statutory financial statements, including annual and quarterly filings (Blue Books), and risk-based capital calculations, reporting and related analysis
- Contribute to ensuring ongoing compliance with the NAIC’s Principles-Based Bond Definition framework
- Support financial reporting processes, ensuring accuracy, completeness, and timeliness
- Strengthen and maintain internal controls over financial reporting, including SOX and Model Audit Rule
- Collaborate with internal and external auditors to support audits and regulatory examinations
Benefits
- Medical, dental, vision, and prescription drug coverage
- Access to a Health Coach from GE Aerospace
- Employee Assistance Program
- GE Aerospace Retirement Savings Plan, a 401(k) savings plan with company matching contributions and company retirement contributions
- Access to Fidelity resources and planning consultants
- Tuition assistance
- Adoption assistance
- Paid parental leave
- Disability insurance
- Life insurance
- Paid time-off for vacation or illness
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Senior
