Statutory Accountant

FOCUS provides cloud-based, core administration solutions (FOCUS Tech) and services (FOCUS Insurance Services) for P&C insurance companies and MGAs. Using decades of industry experience, FOCUS is taking the risk out of insurtech for small, mid-size, and growth-focused insurance organizations.When you join FOCUS, you immediately become one of our most valued components – and we're committed to investing in you. That means you can look beyond the paycheck and excellent benefits to an environment that will help you grow and achieve your professional goals through development and advancement opportunities and the support of our outstanding leaders and teammates. FOCUS proudly operates as a subsidiary of PEAK6.Role OverviewThe Statutory Accountant is responsible for preparing, reviewing, and maintaining accurate statutory financial data and financial statements in accordance with NAIC Statutory Accounting Principles (SAP) for Property and Casualty (P&C) Insurance Companies.This role supports statutory reporting & compliance, financial reporting and accounting close, audit and regulatory support, and timely filings with state insurance departments and the NAIC. The Statutory Accountant also partners closely with internal business partners, systems, technology, and client actuarial/tax/external auditors to ensure compliance, transparency, and financial integrity across the insurance carrier, as our organization expands. This is a remote role that may be required to travel 1-2 times annually.Key ResponsibilitiesStatutory Reporting & ComplianceHelp design and maintain a statutory chart of accounts and general ledger, and prepare required journal entriesPrepare and review quarterly and annual statutory financial statements in accordance with NAIC SAP along with the accompanying statutory blank pages, schedules, and supplementsEnsure timely submission of statutory filings to state regulators and the NAICMonitor and apply updates to NAIC guidance, statutory accounting changes, and regulatory requirementsDefine and analyze data from system reports, and prepare the balance sheet, income statement, and trial balanceSupport monthly and quarterly close processes related to statutory reportingPerform balance sheet reconciliations, including investments, reinsurance, reserves, bank, and surplus accountsAnalyze statutory-to-GAAP differences and maintain reconciliation schedulesAudit & Regulatory SupportServe as a key contact for statutory audits and regulatory examinationsPrepare audit schedules, supporting documentation, and responses to auditor and regulator inquiriesAssist with the remediation of audit findings and regulatory recommendationsCross-Functional CollaborationCollaborate with accounting, underwriting and other internal business partners, as well as external clients and carriersPartner with Data/Business Analyst & technology teams to provide dataPartner with Actuarial on reserves, loss adjustment expenses, and premium recognition, Investments on statutory valuation and reporting, and Tax on statutory tax disclosures and reporting requirementsProcess Improvement & DocumentationMaintain and enhance statutory accounting policies, procedures, SOP's and other documentationIdentify opportunities to improve efficiency, accuracy, and controls within statutory reporting processesLead automation or system enhancements related to statutory reporting toolsQualifications & ExperienceRequired5–7 years of accounting experience, with direct property and casualty statutory accounting or property and casualty insurance carrier experienceBachelor's degree in Accounting, Finance, or related fieldStrong working knowledge of NAIC Statutory Accounting Principles (SAP)Experience preparing or reviewing statutory financial statementsAdvanced Excel skills and experience working with large financial data setsPreferredFamiliarity with statutory reporting software (e.g., FIS, Oracle or similar)Experience supporting statutory audits and regulatory examinationsCPA or CPA-eligible is a plusAbility to work cross-functionally with finance, technology, and leadership teamsKnowledge of insurance accounting and regulatory requirementsAbility to manage deadlines in a reporting-driven environmentAttention to detail, communication skills, and the ability to multi-task with multiple client deliverablesThe FOCUS Difference:401K MatchWork-Life Balance: Personal Days, PTO Days, 12 Paid Holidays, Two Paid Days for Volunteer Service, Paid Parental LeaveShort and Long-Term DisabilityEmployee Support Programs, Including Mental HealthTuition ReimbursementMatching Charitable Gift ProgramLucrative Referral ProgramEEOTeam Focus Insurance Group is an equal opportunity employer that does not discriminate on the basis of race, color, religion, sex (including pregnancy, sexual orientation, and gender identity), national origin, age, disability, veteran status, marital status, or any other protected characteristic. Our hiring practices ensure that all qualified applicants receive fair consideration without regard to these characteristics.DisabilityTeam Focus Insurance Group is committed to creating an inclusive and accessible workplace for all candidates, including those with disabilities. We are dedicated to ensuring equal employment opportunities and providing reasonable accommodations to qualified individuals with disabilities. If you require reasonable accommodations to participate in the application or interview process, please contact our HR department at hrinfo@peak6insurtech.com. We will work with you to provide the necessary accommodations to ensure your full participation in our hiring process.Note to applicant: It is unlawful in Massachusetts and Maryland to require or administer a lie detector test as a condition of employment or continued employment. Please know that our company does not use lie detector tests in our hiring process.#J-18808-Ljbffr