Great stable company with very low turn over

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.

??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