Accountant-Property and Casualty Insurance (NAIC & STAT Reporting)

Job Title: Accountant Property & Casualty Insurance (NAIC STAT Reporting)

Position Summary:

We are seeking a detail-oriented and experienced Accountant with a strong background in property and casualty insurance and deep knowledge of NAIC STAT accounting principles. This role is integral to ensure accurate statutory financial reporting, regulatory compliance, and timely submission of NAIC filings. The ideal candidate will have a solid understanding of insurance industry financial practices and be comfortable navigating both statutory and GAAP frameworks.

Key Responsibilities:

• Prepare and file quarterly and annual NAIC statutory financial statements, including all supplemental schedules and disclosures.
• Ensure compliance with NAIC Accounting Practices and Procedures Manual and relevant state insurance department regulations.
• Analyze and reconcile general ledger accounts, ensuring accuracy and consistency with STAT and GAAP standards.
• Assist in the preparation of management discussion and analysis (MD&A) for statutory filings.
• Support regulatory examinations and internal/external audits, providing documentation and analysis as needed.
• Collaborate with actuarial, underwriting, and other business units to ensure proper financial treatment of reserves, premiums, and claims.
• Maintain up-to-date knowledge of changes to NAIC guidelines and state insurance regulations, implementing changes as necessary.
• Assist with investment accounting, reinsurance transactions, and intercompany allocations as required.
• Develop and maintain process documentation and internal controls over statutory reporting functions.
• Contribute to system improvements and automation initiatives to enhance reporting efficiency and accuracy.

Qualifications:

• Bachelors degree in Accounting, Finance, or a related field
• Minimum 35 years of experience in accounting within the property and casualty insurance industry.
• In-depth knowledge of NAIC STAT accounting and reporting requirements.
• Experience with statutory software tools such as Gain, Wings, etc.
• Proficiency in Excel and accounting systems (e.g., Oracle, SAP, or similar ERP systems).
• Strong analytical, organizational, and communication skills.
• Ability to manage multiple deadlines and work collaboratively in a team environment.

Preferred Skills:

• Familiarity with GAAP-to-STAT reconciliation.
• Experience with investment accounting and Schedule D reporting.
• Experience with reinsurance accounting and Schedule F reporting.
• Prior experience in Florida Property & Casualty insurance, with a strong understanding of state-specific regulatory, underwriting, and claims practices.
• Professional designation such as CPCU, or an equivalent industry-recognized credential, strongly preferred.

Why Join Us?

• Competitive salary and benefits
• Opportunity to work with a dynamic and supportive finance team
• Exposure to complex insurance accounting and regulatory reporting
• Continuous learning and professional development encouraged