Director, Statutory & Technical Accounting

Axonic Insurance; United States; Hybrid; USD 200,000 - 230,000; Full time

Benefits offered by this job

Annual Bonus

Job summary

A leading insurance provider is seeking a Director, Statutory & Technical Accounting to manage all aspects of statutory and GAAP technical accounting within its annuity sector. This high-impact role involves ensuring compliance with regulatory standards, leading statutory reporting, and advising on complex accounting issues. Candidates should have at least 10 years of relevant experience and possess a deep understanding of statutory frameworks and reinsurance principles. The position is based in New York City but may accommodate remote options for the right candidate.

Qualifications

• 10+ years of technical accounting experience at a life/annuity insurance carrier or Big Four.
• Expertise in SSAP, NAIC Blue Book reporting, RBC, and statutory accounting.
• Proven ability to write technical memos and communicate complex guidance.

Responsibilities

• Lead statutory reporting framework and prepare Blue Book schedules.
• Research SSAP questions and prepare technical accounting positions.
• Advise leadership on regulatory developments and implications.

Skills

Statutory and GAAP accounting

Reinsurance accounting

Investment accounting

Technical accounting guidance

Cross-functional collaboration

Analytical skills

Education

Bachelor’s degree in Accounting or Finance

CPA

Job description

Director, Statutory & Technical Accounting

Base pay range

$200,000.00/yr - $230,000.00/yr

Additional compensation types

• Annual Bonus

Axonic Insurance, a NYC-based insurance business, is seeking a Director, Statutory & Technical Accounting to lead all aspects of statutory (STAT) and GAAP technical accounting across our annuity business. Reporting to the Chief Financial Officer, this role serves as AXI’s authoritative expert on SSAP, NAIC Blue Book reporting, asset admissibility, reinsurance accounting, and the technical accounting considerations required for complex corporate transactions.

The ideal candidate brings deep life/annuity insurance experience, a strong command of statutory and GAAP frameworks, and the ability to translate complex accounting guidance into clear recommendations for senior leadership. This is a high-impact role that directly supports financial reporting integrity, capital planning, regulatory compliance, and AXI’s growth strategy.

Ideal location: New York City; will consider remote work location for the right candidate.

Key Responsibilities

Statutory Accounting & Blue Book Expertise

• Lead AXI’s statutory reporting framework, including preparation, review, and interpretation of Blue Book schedules and related disclosures.
• Research and resolve complex SSAP questions; prepare clear, well-supported technical accounting positions for internal and external stakeholders.
• Monitor NAIC updates, SSAP revisions, RBC guidance, and regulatory developments; assess company impact and advise leadership proactively.
• Support interactions with state insurance regulators, examiners, and auditors related to statutory accounting and reporting matters.
• Serve as AXI’s technical accounting expert for reinsurance structures (coinsurance, modified coinsurance, funds-withheld, and other complex arrangements).
• Evaluate the statutory and GAAP implications of proposed reinsurance treaties and capital transactions and advise on optimal structuring.
• Identify embedded derivative or experience refund considerations and their impacts under both GAAP and STAT frameworks.
• Support Product, Actuarial, Investments, and Reinsurance teams in designing transaction structures that align with accounting, regulatory, and capital objectives.

Asset Admissibility & Investment Accounting

• Assess asset admissibility under SSAP, including structured investments, private credit, Schedule BA assets, collateral requirements, and other nonadmitted considerations.
• Advise on surplus impacts, RBC treatment, and statutory reporting implications of various investment strategies.
• Partner with Treasury and Investments to ensure proper classification, valuation, and reporting of investment holdings.

Technical Accounting Policy & GAAP

• Lead development and maintenance of AXI’s accounting policy framework across STAT and GAAP.
• Provide technical guidance on GAAP accounting topics, including LDTI, DAC, reinsurance accounting, and complex product or investment structures.
• Draft technical memos, issue analyses, and documentation to support internal controls, audit readiness, and regulatory submissions.

Cross-Functional Leadership & Governance

• Partner with Finance, Actuarial, Product, Operations, Investments, Legal, and senior leadership to ensure aligned and compliant accounting practices.
• Strengthen financial reporting controls and enhance documentation and governance processes.
• Support capital planning, financial modeling, and strategic initiatives with technical accounting insights and scenario analysis.

Qualifications

• Bachelor’s degree in Accounting or Finance; CPA required.
• 10+ years of technical accounting experience at a life/annuity insurance carrier, reinsurer, or Big Four/public accounting firm (insurance-focused).
• Deep expertise in SSAP, NAIC Blue Book reporting, RBC, and statutory accounting for life/annuity products.
• Significant experience with reinsurance accounting, including coinsurance, mod-co, and funds-withheld structures.
• Strong knowledge of asset admissibility rules and investment accounting under SSAP.
• Proven experience advising on transaction structuring, including evaluating financial, accounting, and capital implications.
• Strong command of GAAP accounting principles affecting annuity products, including LDTI.
• Proven ability to write clear, defensible technical accounting memos and communicate complex guidance to non-accountants.
• Experience leading discussions with auditors and regulators.
• High judgment, analytical rigor, and the ability to operate independently in a fast-paced environment.

About Axonic Insurance

Axonic Insurance designs, distributes, issues, administers, and services annuity and related product solutions for individual consumers and institutions worldwide. Guided by a leadership team with decades of experience and innovation in the insurance and investment space, Axonic Insurance is paving the way for industry-leading proprietary technology and system designs, along with third-party platform support for other institutions. Our ability to design and distribute forward-thinking investment and savings solutions to a global audience is rooted in the backing of Axonic Capital, a New York–based asset management firm established in 2010 with approximately $6.9 billion in AUM.*

AUM as of September 30, 202