What are the responsibilities and job description for the Assistant Controller - Life Insurance position at Oliver James?
Assistant Controller
Location: Washington DC/Northern Virginia
Industry: Life Insurance
We have partnered with a rapidly growing start-up life insurance carrier that is building out its finance and accounting team. This is an exciting opportunity to join a company in its early stages and play a key role in shaping its financial reporting function.
The Assistant Controller will be responsible for overseeing the company's statutory and GAAP financial reporting processes, ensuring compliance with regulatory requirements, and supporting financial analysis for executive leadership. This individual will work closely with the Chief Financial Officer, Controller, and key stakeholders to enhance reporting processes and contribute to the strategic growth of the organization.
- Prepare and review statutory financial statements and regulatory filings for life and annuity products.
- Ensure compliance with GAAP and statutory accounting principles, as well as NAIC and state regulations.
- Lead the financial reporting process, including quarterly and annual reporting requirements.
- Assist in the implementation of new accounting standards and regulatory changes.
- Support the audit process by coordinating with external auditors and responding to inquiries.
- Collaborate cross-functionally with actuarial, investment, and operations teams to provide financial insights.
- Identify and implement process improvements to enhance reporting efficiency and accuracy.
- Develop and maintain internal controls to ensure financial integrity.
- Bachelor's degree in Accounting, Finance, or a related field.
- CPA designation strongly preferred.
- 5 years of experience in financial reporting, with a focus on life insurance or annuities.
- Strong knowledge of US GAAP and statutory accounting principles (SAP).
- Experience with financial reporting software and general ledger systems.
- Excellent analytical, organizational, and problem-solving skills.
- Ability to thrive in a fast-paced, start-up environment with evolving priorities.