Director of Statutory Accounting
Korn Ferry, Oak Brook, IL, United States
Director, Statutory Accounting
(Oakbrook - Hybrid / 2 days in office)
Overview Our client is $1B+ privately held insurance company seeking a Director, Statutory Accounting to lead statutory financial reporting, regulatory compliance, and insurance tax and assessment activities. This role is responsible for ensuring full compliance with Statutory Accounting Principles (SAP), managing regulatory filings, and overseeing a team supporting statutory reporting and premium tax obligations.
The position partners closely with internal finance leadership, auditors, actuaries, and regulators, and plays a key role in evaluating statutory impacts of new transactions and regulatory changes.
Key Responsibilities Prepare and oversee quarterly and annual statutory financial statements, including balance sheet and income statement schedules and required NAIC exhibits Ensure timely and accurate filing of statutory statements and supplemental schedules with regulatory bodies Draft and review footnote disclosures, general interrogatories, and notes to the financial statements Monitor and implement changes in statutory accounting guidance (SSAPs), including assessing impacts and updating reporting requirements Oversee the preparation and review of quarterly estimated premium tax filings and annual premium tax returns Ensure compliance with all state-level regulatory and tax requirements Lead preparation and review of statutory supplemental filings, including RBC, SHCE, MLR, policy exhibits, and state supplements Review investment schedules to ensure continuity and accuracy Prepare and analyze RBC calculations and explain year‑over‑year changes and emerging trends Perform quarterly balance sheet and income statement reviews to ensure SAP compliance Serve as a technical resource for statutory classification of new transactions Coordinate with external auditors, regulators, and actuaries during reviews and examinations Maintain strong controls over reconciliations, accruals, and supporting schedules Manage and develop a team of approximately 4–5 professionals across statutory reporting and premium tax/state filings Drive process improvement and strengthen controls and documentation
Qualifications Bachelor’s degree in Accounting or Finance CPA strongly preferred 4–6+ years of experience in statutory insurance accounting Strong knowledge of SAP and NAIC reporting requirements Experience across A&H, Life, and/or P&C insurance products preferred Prior people management experience preferred
Overview Our client is $1B+ privately held insurance company seeking a Director, Statutory Accounting to lead statutory financial reporting, regulatory compliance, and insurance tax and assessment activities. This role is responsible for ensuring full compliance with Statutory Accounting Principles (SAP), managing regulatory filings, and overseeing a team supporting statutory reporting and premium tax obligations.
The position partners closely with internal finance leadership, auditors, actuaries, and regulators, and plays a key role in evaluating statutory impacts of new transactions and regulatory changes.
Key Responsibilities Prepare and oversee quarterly and annual statutory financial statements, including balance sheet and income statement schedules and required NAIC exhibits Ensure timely and accurate filing of statutory statements and supplemental schedules with regulatory bodies Draft and review footnote disclosures, general interrogatories, and notes to the financial statements Monitor and implement changes in statutory accounting guidance (SSAPs), including assessing impacts and updating reporting requirements Oversee the preparation and review of quarterly estimated premium tax filings and annual premium tax returns Ensure compliance with all state-level regulatory and tax requirements Lead preparation and review of statutory supplemental filings, including RBC, SHCE, MLR, policy exhibits, and state supplements Review investment schedules to ensure continuity and accuracy Prepare and analyze RBC calculations and explain year‑over‑year changes and emerging trends Perform quarterly balance sheet and income statement reviews to ensure SAP compliance Serve as a technical resource for statutory classification of new transactions Coordinate with external auditors, regulators, and actuaries during reviews and examinations Maintain strong controls over reconciliations, accruals, and supporting schedules Manage and develop a team of approximately 4–5 professionals across statutory reporting and premium tax/state filings Drive process improvement and strengthen controls and documentation
Qualifications Bachelor’s degree in Accounting or Finance CPA strongly preferred 4–6+ years of experience in statutory insurance accounting Strong knowledge of SAP and NAIC reporting requirements Experience across A&H, Life, and/or P&C insurance products preferred Prior people management experience preferred