Senior Finance Manager –Insurance Statutory Accounting

General Electric; Madisonville (KY); Remote; USD 124,000 - 180,000; Full time

Job summary

An established industry player is seeking a technical accounting specialist to drive compliance and operational excellence in the insurance sector. This remote role involves managing financial reporting, guiding finance teams on statutory requirements, and developing expertise within the organization. The ideal candidate will possess a Master's degree, strong knowledge of regulatory frameworks, and the ability to communicate complex information effectively. With a competitive salary range and comprehensive benefits, this position offers a unique opportunity to influence policy and improve processes in a dynamic environment.

Benefits

Medical Insurance

Dental Insurance

Vision Insurance

Prescription Coverage

Retirement Plans

Tuition Assistance

Parental Leave

Disability Insurance

Life Insurance

Paid Time Off

Qualifications

• Master's degree from an accredited university or college.
• Strong knowledge of statutory and insurance regulatory requirements.
• Prior technical controllership and insurance industry experience.

Responsibilities

• Provide guidance on statutory accounting and regulatory requirements.
• Lead or support functional teams with moderate resource requirements.
• Communicate complex messages and negotiate with external partners.

Skills

Statutory Accounting Knowledge

Insurance Regulatory Requirements

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 candidate will be responsible for driving technical accounting compliance, financial and operational internal controls, process simplification, and operational excellence to deliver accurate financial reporting and analysis. The role involves interpreting internal and external business challenges and recommending best practices to improve products, processes, or services. Staying informed of industry trends that may influence work is also essential. This position is available remotely anywhere in the US or at our Overland Park, KS location.

Roles and Responsibilities

1. Guidance and Compliance: Provide guidance to the Finance teams and organization on statutory accounting, filings, and regulatory requirements. Assist financial reporting teams to ensure timely, efficient, and compliant statutory filings.
2. Expertise Development: Develop expertise within the function, grow reputation, and influence policy. Provide professional or thought leadership and link with other organizational functions.
3. Leadership and Support: Lead or support functional teams or projects with moderate resource requirements, risk, and complexity, such as NAIC’s Principles-Based Bond Definition and Group Capital Calculation. Present solutions to business 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 to address complex problems, evaluate information quality, and use 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
• Prior technical controllership and insurance industry experience, particularly 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 statutory, regulatory, and industry practices
• Excellent communication skills and effective collaboration
• Quick learner with adaptability to company-specific processes

The base pay range is $124,500 to $180,000 annually, influenced by experience, education, and skills. The position is also eligible for an annual discretionary bonus or commission. Benefits include medical, dental, vision, prescription coverage, retirement plans, tuition assistance, parental leave, disability, life insurance, and paid time off.

GE Aerospace is an Equal Opportunity Employer, committed to diversity and inclusion. Employment decisions are made without regard to legally protected characteristics. Legally authorized U.S. work is required, and employment is contingent upon successful drug screening. No relocation assistance is provided. This is a remote position.