Senior Statutory Accountant

Aspida Financial Services LLC•Durham, NC

12d•Hybrid

About The Position

We are seeking an experienced Senior Statutory Accountant to join our finance team at Aspida. As a Senior Statutory Accountant, you will play a critical role in ensuring accurate and compliant financial reporting in accordance with statutory requirements in the insurance industry. This position requires strong technical expertise in insurance accounting and a deep understanding of statutory reporting requirements. This role reports to the Accounting Manager is required to be onsite at our Durham office 3 days a week.

Requirements

BA / BS in accounting, finance, or related degree
Knowledge of insurance accounting principles (e.g., GAAP, SAP, EBS) and regulatory requirements (e.g., NAIC Annual Statement)
Solid technology skills including advanced Excel and PowerPoint
Excellent analytical, problem solving, and financial modeling skills
Collaborative approach based on the ability to listen and value others’ opinions

Nice To Haves

MBA / CPA / CFA
2-4 years of relevant finance experience, preferably in insurance or financial services

Responsibilities

Prepare and review statutory financial statements for the life insurance company, ensuring compliance with relevant regulatory frameworks (e.g., NAIC, state insurance departments).
Prepare journal entries. Assist in investigation of significant variances of various income statement accounts.
Contribute to finance transformation projects, including identifying automated solutions to current manual processes.
Review detailed reconciliations of balance sheet accounts and aid in variance explanations.
Stay abreast of changes in insurance accounting standards and regulatory guidelines, implementing necessary updates to ensure compliance.
Collaborate with external auditors during year-end audits and regulatory examinations, addressing audit findings and ensuring timely completion of audit requirements.
Manage the preparation and filing of statutory insurance filings, including annual statements, risk-based capital reports, and other regulatory submissions.
Analyze financial data to identify trends, variances, and areas for improvement in statutory reporting processes.
Provide technical accounting guidance to cross-functional teams and support business initiatives with comprehensive financial analysis.