Statutory Accounting Manager

The Friedkin Group • Houston, TX

305d

About The Position

The Statutory Accounting Manager under the leadership of the Senior Director, Accounting & Controller will take ownership of statutory and financial compliance reporting for the insurance entities within GSFSGroup, while providing peer support to the broader accounting team and overseeing a direct report responsible for statutory compliance. 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.

Requirements

• Bachelor's Degree in accounting, finance or a related field.
• 5-7 years of experience in statutory accounting, insurance financial reporting, or audit within the insurance industry.
• Deep understanding of SAP (Statutory Accounting Principles), NAIC reporting, and insurance regulatory 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).
• Previous supervisory experience and related month-end close experience preferred.
• Experience in transitioning away from reliance on Microsoft Excel for accounting close and processes.
• Business Acumen -- Knowledge of business operations and key factors affecting business successes.
• Identifies, prioritizes and implements process improvement opportunities.
• Leadership -- Guides individuals and groups toward desired outcomes by building confidence based on a shared vision and the means to attain it.
• Expertise in GAAP, Microsoft Dynamics AX, Excel and other PC applications required in the job.
• Interpersonal Influence -- Uses interpersonal aptitude skills to build relationships beneficial in achieving work-related goals.
• Strong strategic thinking and problem-solving abilities.
• Expertise in Microsoft Office and Excel required.
• Ability to accurately work with large amounts of financial and accounting data.
• Ability to extensive know-how of technical accounting and financial reporting standards.

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.
• Prepare Schedule P, Schedule F, and other NAIC-required schedules for regulatory filings.
• Monitor and implement changes to NAIC regulations and state-specific insurance reporting requirements.
• Coordinate and respond to requests from state insurance departments, regulatory bodies, and auditors.
• Supervise and mentor an accountant that is charged with statutory compliance and premium tax returns, estimates, and payments.
• Provide peer support to the broader accounting team on statutory reporting matters, acting as a subject matter expert.
• Review the work of the statutory compliance accountant, 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 GAAP and SAP basis related to the insurance entity within the GSFSGroup.
• 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.

Benefits

• Comprehensive benefits package including medical, dental, and vision insurance.
• Wellness programs.
• Retirement plans.
• Generous paid leave.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
• Education Level: Bachelor's degree