Accounting Manager –Insurance Statutory Accounting

General Electric; Helena (MT); On-site; USD 124,000 - 180,000; Full time

Job summary

An innovative company is seeking a specialist in technical insurance accounting to ensure compliance and operational excellence. This remote role focuses on guiding statutory accounting practices, developing expertise, and leading projects. The ideal candidate will have a strong background in statutory regulations and financial reporting, coupled with excellent communication skills. Join a forward-thinking organization that values professional development and offers competitive compensation, including benefits like healthcare and retirement plans. Embrace this opportunity to make a significant impact in the insurance industry.

Benefits

Healthcare

Retirement Plans

Tuition Assistance

Adoption Assistance

Paid Parental Leave

Disability Insurance

Life Insurance

Paid Time Off

Qualifications

• Master's degree required, strong knowledge of statutory and insurance regulations.
• Experience in technical controllership and preparing financial statements.

Responsibilities

• Provide guidance on statutory accounting and regulatory requirements.
• Lead projects and communicate complex messages effectively.

Skills

Statutory Accounting

Regulatory Compliance

Financial Reporting

Problem-Solving

Communication Skills

Education

Master's Degree

Job description

Job Description Summary

This role is for a specialist in technical, statutory insurance accounting at ERAC, Employers Reinsurance Corporation, a corporate holding of GE Aerospace. We are a reinsurance company supporting long-term care insurance, structured settlements, life insurance, and other insurance products.

The successful candidate will drive technical accounting compliance, financial and operational internal controls, process simplification, and operational excellence to ensure accurate financial reporting and analysis. They will interpret simple internal and external business challenges and recommend best practices to improve products, processes, or services. Staying informed of industry trends that may influence work is essential. This role is available remotely anywhere in the US or at our Overland Park, KS location.

Roles and Responsibilities

1. Guidance and Compliance: Provide guidance on statutory accounting, filings, and regulatory requirements. Assist financial reporting teams to ensure timely and compliant statutory filings.
2. Expertise Development: Develop expertise within the function, grow reputation, influence policy, and ensure delivery within the team, linking with other organizational functions.
3. Leadership in Projects: Lead or support teams or projects with moderate complexity, such as NAIC’s Principles-Based Bond Definition and Group Capital Calculation. Present solutions to leaders.
4. Communication and Negotiation: Communicate complex messages internally, influence peers, and negotiate with external partners, vendors, or customers.
5. Problem-Solving: Lead creative solutions for complex organizational problems, evaluate information quality, and utilize internal and external resources for decision-making.

Required Qualifications

• Master's degree from an accredited university or college
• Strong knowledge of statutory and insurance regulatory requirements
• Previous experience in technical controllership and the insurance industry, especially with Life & Health insurance products
• Experience in preparing statutory financial statements and working with auditors

Desired Characteristics

• Ability to analyze facts and formulate technical accounting positions considering regulatory guidance and industry practices
• Excellent communication skills and effective collaboration
• Quick learner with adaptability to company-specific processes

The salary range is $124,500 to $180,000 USD annually, influenced by experience, education, and skills. The position is eligible for an annual discretionary bonus or commission, with benefits including healthcare, retirement plans, tuition and adoption assistance, paid parental leave, disability, life insurance, and paid time off.

GE Aerospace offers a great work environment, professional development, challenging careers, and competitive compensation. We are an Equal Opportunity Employer, committed to diversity and inclusion. Employment is contingent upon legal work authorization and successful completion of a drug screen. No relocation assistance is provided. This is a remote position.