What are the responsibilities and job description for the Senior Statutory Accountant position at Hold Co 696?
Senior Statutory Accountant
Function:
Responsible for the preparation of statutory financial statements, gaap reporting and supplemental filings for Southlake Specialty Insurance Company, while ensuring compliance with state and federal regulations and those controls established internally.
Reports to: CFO
FSLA Status: Exempt
Key responsibilities:
- Prepare monthly, quarterly and annual statutory and gaap financial statements
- Maintain financial work papers and schedules, reconcile account balances and post journal entries
- Research statutory and gaap accounting practices as required
- Reconcile GAAP to STAT differences
- Develop and maintain proficiency with FSI Oasis statutory reporting software and Flexi general ledger system
- Produce monthly management reports for analyzing financial results
- Prepare NAIC supplemental statutory filings and assist with other state filings
- Prepare monthly reinsurance reports
- Provide support to external accountant for the preparation of federal income taxes
- Provide support to external auditors for annual audited financial statements
- Provide requested data to the company’s internal and external actuaries
- Provide materials for company board meetings
- Assist with providing data to AM Best for the company’s annual rating review
- Assist with Department of Insurance examinations
- Maintain financial controls in accordance with established procedures and best practices
Qualifications & Education Requirements:
- Bachelor’s degree in accounting, finance or business administration
- 5 years of relevant public accounting and/or industry experience, with a focus on insurance accounting
- Knowledge of statutory accounting practices and procedures
- Excellent technical and organizational skills, with demonstrated ability to work within strict timeframes
- Demonstrated ability to work well in team environment
- Advanced Microsoft Excel skills