Senior Accountant

The Friedkin Group•Houston, TX

15d•Onsite

About The Position

The Senior Accountant, Statutory Reporting, under the leadership of the Director, Accounting & Reporting, will take ownership of statutory and financial compliance reporting for the insurance entities within the GSFSGroup, while providing peer support to the broader accounting team. This is a hands-on role requiring deep knowledge of insurance statutory accounting principles (SAP), regulatory compliance, and financial reporting. The successful candidate will be responsible for ensuring compliance with NAIC (National Association of Insurance Commissioners) guidelines, coordinating annual and quarterly statutory filings, and working closely with auditors and regulators. As a Accountant Sr you will manage and support the following: Statutory & Compliance: Lead the preparation and filing of quarterly and annual statutory financial statements in compliance with NAIC requirements and applicable state insurance regulations. Ensure compliance with SAP and align financial reporting with regulatory requirements. Perform investment accounting and prepare statutory investment reporting, including investment classifications, realized/unrealized gains and losses, investment income, and related statutory schedules. Prepare Schedule P, Schedule F, and other NAIC-required schedules for regulatory filings. Monitor changes to NAIC guidance and state-specific insurance regulations; evaluate their impact and implement necessary updates to accounting and reporting processes. Coordinate responses to inquiries and information requests from state insurance departments, other regulatory bodies, and external auditors. Peer Support: Provide peer support to the broader accounting team on statutory reporting matters, acting as a subject matter expert. Review the work of others, ensuring accuracy in filings and compliance documentation. Assist in training and knowledge sharing within the finance and accounting teams to improve statutory compliance awareness. Hands-on Execution & Financial Analysis: Lead the preparation of monthly close entries on both a US GAAP (generally accepted accounting principles) and SAP basis related to the insurance entity within the GSFSGroup, including investment accounting close entries utilizing Clearwater Analytics. Prepare and analyze financial data to prepare statutory financial statements, footnotes, and disclosures. Prepare reconciliations between US GAAP and SAP financials to ensure consistency and compliance. Work through risk-based capital (RBC) calculations and other key regulatory financial metrics. Maintain and update workpapers to support financial reporting and audits. Work closely with actuarial, tax, and finance teams to ensure completeness and accuracy of reserves, premium accounting, and investment disclosures. Audit & Regulatory Liaison: Serve as a key point of contact for external auditors, regulators, and state examiners during financial audits and regulatory examinations. Facilitate the annual audit of statutory financial statements and respond to auditor inquiries. Assist with the preparation of Management Discussion & Analysis (MD&A) and other regulatory reporting requirements. Process Improvements: Identify and implement efficiencies in statutory reporting processes to enhance accuracy and reduce reporting cycle times. Support automation efforts and improvements in statutory financial reporting systems. Collaborate with finance, actuarial, and legal teams on strategic initiatives impacting statutory reporting.

Requirements

Bachelor's degree in accounting, finance or a related field.
5-7 years of experience in preparing NAIC quarterly/annual statements for a property and casualty insurance company is strongly preferred.
Strong working knowledge of statutory accounting principles, including SSAPs and NAIC financial statement reporting requirements.
Familiarity with insurance financial systems (Microsoft Dynamics AX/Dynamics 365 or similar ERP systems).
Familiarity with statutory specific software/applications such as Sovos Statutory Reporting, TriTech Premium Pro, and Clearwater Analytics (or similar systems).
Strong proficiency in Microsoft Excel for financial analysis and reconciliations.
Hands-on approach with excellent problem-solving and analytical skills.
Detail-oriented with a focus on accuracy and compliance.
Excellent communication skills to interact with regulators, auditors, and internal teams.
Ability to manage multiple priorities in a fast-paced, deadline-driven environment.
Applicants must be legally authorized to work in the United States at the time of hire and must not require employer sponsorship now or in the future.
This position is not eligible for employment visa sponsorship, and the company will not assume sponsorship obligations for existing visa holders.

Nice To Haves

Certified Public Accountant (CPA) preferred.

Responsibilities

Lead the preparation and filing of quarterly and annual statutory financial statements in compliance with NAIC requirements and applicable state insurance regulations.
Ensure compliance with SAP and align financial reporting with regulatory requirements.
Perform investment accounting and prepare statutory investment reporting, including investment classifications, realized/unrealized gains and losses, investment income, and related statutory schedules.
Prepare Schedule P, Schedule F, and other NAIC-required schedules for regulatory filings.
Monitor changes to NAIC guidance and state-specific insurance regulations; evaluate their impact and implement necessary updates to accounting and reporting processes.
Coordinate responses to inquiries and information requests from state insurance departments, other regulatory bodies, and external auditors.
Provide peer support to the broader accounting team on statutory reporting matters, acting as a subject matter expert.
Review the work of others, ensuring accuracy in filings and compliance documentation.
Assist in training and knowledge sharing within the finance and accounting teams to improve statutory compliance awareness.
Lead the preparation of monthly close entries on both a US GAAP and SAP basis related to the insurance entity within the GSFSGroup, including investment accounting close entries utilizing Clearwater Analytics.
Prepare and analyze financial data to prepare statutory financial statements, footnotes, and disclosures.
Prepare reconciliations between US GAAP and SAP financials to ensure consistency and compliance.
Work through risk-based capital (RBC) calculations and other key regulatory financial metrics.
Maintain and update workpapers to support financial reporting and audits.
Work closely with actuarial, tax, and finance teams to ensure completeness and accuracy of reserves, premium accounting, and investment disclosures.
Serve as a key point of contact for external auditors, regulators, and state examiners during financial audits and regulatory examinations.
Facilitate the annual audit of statutory financial statements and respond to auditor inquiries.
Assist with the preparation of Management Discussion & Analysis (MD&A) and other regulatory reporting requirements.
Identify and implement efficiencies in statutory reporting processes to enhance accuracy and reduce reporting cycle times.
Support automation efforts and improvements in statutory financial reporting systems.
Collaborate with finance, actuarial, and legal teams on strategic initiatives impacting statutory reporting.