Job Location : New York,NY, USA
Director of Statutory Accounting and Reporting page is loadedDirector of Statutory Accounting and ReportingApply remote type Hybrid Working locations New York, NY time type Full time posted on Posted 24 Days Ago job requisition id JR101451
Established in 2021,Independence Pet Holdingsis a corporate holding company that manages a diverse and broad portfolio of modern pet health brands and services, including insurance, pet education, lost recovery services, and more throughout North America.
We believe pet insurance is more than a financial product and build solutions to simplify the pet parenting journey and help improve the well-being of pets. As a leading authority in the pet category, we operate with a full stack of resources, capital, and services to support pet parents. Our multi-brand and omni-channel approach include our own insurance carrier, insurance brands and partner brands.
Independence American Insurance Company (IAIC), a subsidiary of IPH, has over 50 years of underwriting experience and a history of innovation in the pet insurance industry. IAIC has built a reputation as a trusted and dependable partner. We are a pet-focused underwriter with deep insurance industry experience, offering a product with proven consumer appeal.
Position Summary:
We are seeking a seasoned Director of Statutory Accounting and Reporting to lead the statutory financial reporting function for our Property & Casualty (P&C) insurance operations for 2 carriers . This role is responsible for ensuring full compliance across all business units with NAIC and state regulatory requirements being met by the statutory accounting team , with a strong emphasis on SSAPs , MGA oversight , and the unique complexities of P&C insurance accounting. The ideal candidate will bring deep technical expertise , leadership experience, and a proactive approach to regulatory change and reporting innovation. Provides strategic insights and process improvements for the statutory accounting departments across IPH
Key Responsibilities:
Direct the preparation, review, and timely submission of all statutory financial statements and regulatory filings, including:
NAIC Quarterly and Annual Statements (Yellow Book)
Risk-Based Capital (RBC) reports
State-specific supplements and interrogatories
Schedule P and other P&C-specific schedules
Interpret and apply Statutory Accounting Principles (SSAPs) and ensure compliance with NAIC and state insurance department regulations.
Lead research and implementation of new or revised SSAPs and regulatory guidance, with a focus on P&C-specific issues such as loss reserves, reinsurance, and unearned premium reserves.
Collaborate with financial reporting team responsible forManaging General Agent (MGA)relationships, including premium flows, commission structures, bordereaux reporting, and reinsurance arrangements.
Collaborate with MGA partners to ensure accurate , timely , and compliant financial data integration.
Serve as the primary liaison with state regulators, auditors, and examiners during financial exams and audits.
Develop and maintain robust internal controls over statutory reporting processes.
Lead , mentor , and provide strategy to a team of statutory accountants and reporting analysts.
Partner cross-functionally with actuarial, underwriting, claims, and IT teams to ensure data integrity and alignment in financial reporting.
Drive continuous improvement in reporting processes, systems, and automation.
Qualifications:
Bachelor's degree in Finance , Accounting, or a related field; CPA strongly preferred.
Minimum of10 years of progressive experiencein statutory accounting and reporting within theP&C insurance industry.
Deep knowledge ofSSAPs, NAIC reporting requirements, and P&C-specific regulatory frameworks.
Strong understanding of P&C insurance operations, including underwriting, claims, and reinsurance.
Proficiency with statutory reporting software (e.g., SAP, Workiva, Wings, or similar).
Excellent analytical, organizational, and communication skills.
Proven leadership and team development experience .
Preferred Skills:
Familiarity with reinsurance structures and their impact on capital and solvency.
Familiarity with GAAP and IFRS reporting standards.
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