AVP - Statutory Accounting Officer - Rockville Centre, New York United States - 34633

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JOB DESCRIPTION

Job #: 34633
Title: AVP - Statutory Accounting Officer
Job Location: Rockville Centre, New York - United States
Employment Type:
Salary: contact recruiter for details
Employer Will Recruit From: Local
Relocation Paid?: NO

WHY IS THIS A GREAT OPPORTUNITY?


Great stable company with very low turn over 

JOB DESCRIPTION

AVP - Statutory Accounting Officer 

Long Island based commercial auto insurance company seeks a Statutory Accounting AVP who will be responsible for financial budgets, projections & analysis as well as the preparation of statutory financial statements and filings.

Responsibilities

Statutory & GAAP Accounting & Reporting

  • Preparation of monthly, quarterly and annual Statutory closing statements and reports, including premium, losses and investment income.
  • Stay current with statutory rules and regulations and determine what impact changes will have on business.
  • Preparation of all aspects of quarterly and annual statements including all supporting schedules
  • Preparation and review of all reinsurance accounting, billing & collections
  • Preparation of all aspects of financial statements including all supporting schedules.
  • Establish policies and procedures for STAT & GAAP accounting and reporting.
  • Responsible for monthly closing process and monthly reporting
  • Assist in the preparation of STAT to GAAP reconciliations
  • Assist in the preparation of quarterly consolidations, federal taxes and state taxes. 

Financial Projections & Analysis

  • Preparation of financial forecasts and analysis
  • Preparation of expense budgets and analysis of cost drivers
  • Preparation and maintenance of operation performance metrics
  • Preparation of ad hoc analysis reports and rating agency filings
  • Establish policies and procedures for cost structure reporting

Other Responsibilities

  • Develop and manage projects as assigned by defining project scope, resources and achieving deliverables on time and within budget
  • Ad hoc research and analysis

Management

  • Supervise and manage Accounting staff responsible for:
    • Statutory Accounting and reporting
    • Reinsurance accounting, billing & collections
    • Investment accounting
    • Premium taxes and other regulatory filings
    • Policyholder deductibles accounting, billing & collections

Qualifications & Experience

  • Bachelors’ Degree or better in Accounting, CPA a plus.
  • 5-10 years of experience in accounting management of a P&C insurance company preparing statutory reports & GAAP reports
  • Strong technical knowledge of Statutory and GAAP Insurance Accounting Standards
  • Experience must include completing all components of statutory blanks and supplemental filings for admitted companies for all 50 states.
  • Experience with triennial exams.
  • STAT to GAAP reconciliation experience
  • Experienced with financial forecasts & analysis
  • Analysis of operating expense budgeting & cost drivers
  • Experience in streamlining processes and implementation of automation
  • BA in accounting or related field. MBA a plus
  • Strong written and verbal communication skills
  • Strong interpersonal skills
  • Experience with ERP and Budgeting & Planning platforms preferred
  • Advanced knowledge of Microsoft Office.

QUALIFICATIONS

??Must Have 

  • 5-10 years of experience in accounting management of a P&C insurance company preparing statutory reports & GAAP reports
  • Strong technical knowledge of Statutory and GAAP Insurance Accounting Standards

Education:
University - Bachelor's Degree/3-4 Year Degree