Loading...
Share this Job

Statutory Accounting Supervisor

Date: Sep 14, 2021

Location: New York, US

Company: SCOR

     AMERICAS     

New York United States (US) 

|

Statutory Accounting Supervisor 

Permanent 

Finance & Accounting 

 

 

          About SCOR         

SCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Using its experience and expertise, “The Art & Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – in Life & Health insurance as well as in P&C insurance. Our specialist teams operate in over 120 countries, developing value added and innovative products and services and making long-term commitments to their clients, namely insurers and large corporations.
SCOR's aim, as an independent global reinsurance company, is to develop its Life and P&C business lines, to provide its clients with a broad range of innovative reinsurance solutions and to pursue an underwriting policy founded on profitability, supported by effective risk management and a prudent investment policy, in order to offer its clients an optimum level of security, to create value for its shareholders, and to contribute to the welfare and resilience of Society by helping to protect insureds against the risks they face.

 

Role:

 

This position will be responsible for managing the processes surrounding the production, accuracy and analysis of U.S. Statutory reporting for three Property & Casualty Insurance Companies.   This position will effectively maintain existing processes and controls while adhering to strict timelines established for the reporting of financial statements, audits and all ancillary schedules and information. This position is required to interact and partner effectively with counterparts in Actuarial, Treasury, Tax, Reinsurance, Investment, Law and various Risk Management groups along with others within the Company.  Therefore, this candidate should possess the ability to manage multiple deliverables concurrently, formulate positions on complex accounting issues, collaborate with others, and have strong written and oral communication skills.   A strong understanding of accounting, statutory principles and the insurance industry is required. 

 

Job Responsibilities:

 

  1. Manage quarterly recording of statutory journal entries
  2. Ensure proper reconciliation of quarterly balance sheet accounts
  3. Manage & prepare various schedules of the annual/quarterly statutory statements
  4. Prepare comprehensive & informative analysis/commentary on quarterly results
  5. Provide quarterly updates & guidance to internal managers on current NAIC reporting requirements
    1. Responsible for developing and maintaining a closing calendar.
    1. Responsible for annual audits, statutory and pension
    2. Establish and maintain a high level of internal controls, organized  with comprehensive documentation preserving clean audit opinions and tri-annual state examinations
  1. Responsible for complex regulatory rating agency filings, including US Treasury filings
  1. Implement. develop and maintain current policies and procedures, including:
      • Process manuals
      • Guidelines for staff
  2. Recognize & develop automated analytical tools to enhance workflows & processes as needed (utilize full functionality of general ledger).
  1. Manage special projects and hands-on ad hoc requests outside the day-to-day operations

 

Skills & Knowledge:

 

  1. Bachelor’s degree in Accounting required
  2. CPA designation preferred
  3. Minimum 10 years of  statutory accounting experience
  4. Experience in the P&C insurance industry
  5. Familiar with GAAP & IFRS principles
  6. Excellent analytical skills.
  7. Working knowledge of a major general ledger system (preferably SAP.).
  8. Proficient in Microsoft Suite – particularly experience in complex Excel formulas and pivot tables
  9. Solid communications skills (oral & written)
  10. Ability to work independently
  11. High degree of organization
  12. Overtime is required during peak periods

 

 

#LI-LB1

 

Please contact your HR team should you have any question.