Manager, Financial Reporting - Regulatory

UFG Insurance•Cedar Rapids, IA

22h•$123,000 - $163,000•Onsite

About The Position

UFG is currently seeking a Manager, Financial Reporting - Regulatory who will be responsible for overseeing the day-to-day regulatory reporting requirements and ensuring the completeness, accuracy, and timeliness of the Company's statutory financial statements, statistical reporting and regulatory compliance activities. This critical role directs the procedures performed by the team to ensure the integrity of statutory financial information, regulatory filings, capital calculations, financial analysis, and related disclosures while maintaining compliance with statutory accounting principles and regulatory requirements. Working closely with all Finance teams and the Company’s Actuarial Legal and Technology teams, this position ensures the accurate preparation and submission of statutory financial statements, regulatory and statistical filings, premium tax reporting, and capital adequacy calculations, including Risk-Based Capital (RBC) and Best's Capital Adequacy Ratio (BCAR). The Manager plays a key role in maintaining an effective internal control environment, supporting regulatory examinations, driving continuous process improvement, and contributing to the modernization of regulatory reporting processes and systems. This position requires strong leadership, analytical, and communication skills, with the ability to collaborate effectively across departments and external partners in a complex, fast-paced insurance environment.

Requirements

Bachelor's degree in accounting
10+ years of insurance accounting experience with 5+ years related to statuary reporting.
3-5 years of supervisory or team leadership experience.
Strong understanding of statutory accounting principles.
Strong analytical and problem-solving skills with attention to accuracy and detail.
Advanced proficiency in Microsoft Excel (pivot tables, VLOOKUP, complex formulas)
Exceptional analytical, problem-solving, and organizational skills.
Excellent written and verbal communication abilities, with a capacity to communicate effectively at all levels.
Ability to manage multiple priorities, meet deadlines, and work effectively in a dynamic environment.
Process improvement mindset with ability to identify and implement efficiency enhancements.
Critical thinking skills and sound professional judgment.
Strong leadership presence, team orientation, and commitment to operational excellence.

Nice To Haves

CPA (Certified Public Accountant) preferred
Prior property and casualty industry experience, preferred.
Experience with ERP or subledger systems preferred.

Responsibilities

Direct the preparation, review, and filing of statutory annual and quarterly financial statements (Yellow Books), regulatory and statistical filings, and premium tax filings, ensuring compliance with statutory accounting principles and regulatory requirements.
Review and approve statutory and statistical schedules, financial disclosures, and supporting documentation for accuracy, completeness, and regulatory compliance.
Coordinate the preparation and review of capital adequacy calculations and filings, including Risk-Based Capital (RBC) and Best's Capital Adequacy Ratio (BCAR), and monitor key capital and surplus metrics.
Analyze statutory operating results, capital position, and financial trends to provide insights and recommendations to Finance leadership and other stakeholders.
Partner with Actuarial, Reinsurance, Tax, Investments, Financial Accounting, and Financial Reporting teams to ensure the accuracy, consistency, and integrity of data used in regulatory reporting and capital calculations.
Maintain SOX-compliant documentation, ensuring adherence to company policies and internal control requirements.
Design, execute, and monitor controls supporting statutory reporting, regulatory filings, premium tax reporting, and capital calculations.
Collaborate with Internal Audit, external auditors, and Finance leadership to prepare and respond to audit requests.
Partner with the Finance Systems and Data team to identify and implement tools or automation that improve the accuracy and efficiency of the financial reporting function.
Partner closely with Financial Accounting, Actuarial, Reinsurance, and FP&A to sync monthly reporting timelines and create opportunities to condense the overall reporting timeline.
Identify, recommend, and implement process and automation improvements to enhance efficiency and accuracy.
Collaborate with cross-functional teams including operations and IT to support finance transformation initiatives designed to modernize systems and standardize financial processes.
Participate in special projects, including integrations, migrations, and regulatory change implementations.
Perform other duties as assigned to support the financial accounting team and company goals.
Manage and mentor team members, providing training, guidance, and performance feedback.
Promote a culture of accountability, continuous improvement, and collaboration within the reinsurance accounting function.
Coordinate workloads to meet deliverables and balance ongoing operational and project-related priorities.