Note: The job is a remote job and is open to candidates in USA. First Acceptance Insurance is seeking a Senior Statutory Accountant responsible for GAAP and statutory accounting, reporting, and analysis related to the company’s investment portfolio. The role involves supporting quarterly and annual close activities, preparing investment-related journal entries, and ensuring compliance with accounting principles and regulatory requirements.
Responsibilities
- Prepare and review investment-related statutory GAAP and STAT journal entries, account reconciliations, and supporting schedules for monthly, quarterly, and annual close
- Compile and analyze investment data for GAAP and statutory financial statements, footnotes, and regulatory filings, including schedules related to bonds, equities, limited partnerships, and other invested assets
- Assist with preparation of NAIC and state regulatory reporting, including investment schedules, exhibits, and related disclosures
- Monitor compliance with Statutory Accounting Principles (SAP), NAIC guidance, and internal accounting policies applicable to invested assets
- Perform analysis of realized and unrealized gains and losses, investment income, impairments, valuation adjustments, and other investment accounting activities
- Complete all state filings for three insurance companies
- Assist with all statutory quarterly and annual statement schedules
- Partner with investment operations, treasury, actuarial, reinsurance, and financial reporting teams to ensure complete and accurate reporting
- Support external audits, internal audits, and regulatory examinations by preparing documentation, responding to inquiries, and maintaining strong audit trails
- Identify process improvement opportunities, strengthen internal controls, and support automation or system enhancement initiatives
- Review work prepared by junior team members and provide guidance on technical accounting and reporting matters as needed
- Research and document accounting conclusions for new investment structures, complex transactions, and changes in statutory reporting requirements
Skills
- Bachelor's degree in Accounting, Finance, or a related field required
- 5+ years of accounting or financial reporting experience, with strong exposure to statutory accounting and investment accounting
- Knowledge of Statutory Accounting Principles (SAP), NAIC reporting requirements, and investment-related statutory schedules and disclosures
- Strong understanding of fixed income, equity, alternative investments, and related accounting treatments
- Advanced Excel skills and experience with general ledger, reporting, or investment accounting systems
- Strong analytical, organizational, and problem-solving skills with exceptional attention to detail
- Ability to manage multiple priorities and meet tight reporting deadlines
- Effective written and verbal communication skills, with the ability to explain technical accounting matters to cross-functional partners
- CPA designation preferred
- Experience preparing or reviewing both GAAP and statutory investment schedules and footnotes
- Familiarity with Schedule D, Schedule BA, Schedule E and other insurance investment reporting concepts
- Knowledge of U.S. GAAP to statutory differences related to invested assets
- Experience with BlackRock, Clearwater, Bloomberg, SAP, Oracle, Workday, or similar financial systems
- Process improvement mindset with experience in documentation, controls, and automation
- Ability to work independently while collaborating effectively across finance and investment teams
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