Manager, Statutory Reporting

Remote Type: Remote (USA)
Portland, OR
Seattle, WA
Remote, USA
Remote, OR
Time Type: Full time
Requisition ID: REQ004921
Description:

At The Standard, you’ll join a team focused on putting our customers first.
Our continued success is driven by a high-performance culture. We’re looking for people who are collaborative, accountable, creative, agile and are driven by a passion for doing what’s right – across the company and in our local communities.
We offer a caring culture where you can make a real difference, every day.

Ready to reach your highest potential? Let’s work together.

Job Summary:

As the Manager, Statutory Reporting, you will manage preparation and filing of statutory financial reports and provide independent reviews and approvals needed for quality and internal accounting controls. Oversee additional statutory filings required by all 50 states, Puerto Rico, the Virgin Islands and Guam for all statutory entities.

* Must be able to work PST hours as needed. *

Principal Duties & Responsibilities:

• Manage the development and production of statutory financial reports including the Annual and Quarterly Statements, other State Forms and Audited Financial Statements for the insurance subsidiaries to ensure regulatory compliance, quality and internal accounting controls.
• Prepare and monitor compliance and quarterly reporting calendars.
• Oversight and review of monthly journal entries, account reconciliations, and other monthly and quarterly close activities as needed.
• Manage the use of financial systems that support reliable and timely external financial reporting.
• Perform research on statutory accounting and emerging issues and propose or incorporate disclosure conclusions.
• Coordinate with the Manager of Financial Reporting and Controller to properly document GAAP/STAT differences and participate in the management review processes and communications related to financial reporting.
• Prepare and file the Holding Company Registration and Amendments in accordance with the regulations prescribed by our state regulators.
• Oversee additional statutory filings for the states and territories where all statutory entities are licensed.
• Research regulatory compliance issues and communicate with senior management.
• Coordinate with Corporate and Divisional Actuaries to provide detail financial and statistical information in specific formats requested by rating agencies, state insurance examiners and other organizations in the insurance industry, as well as to meet the requirements of the European Embedded Value (“EEV”) calculations and disclosures.
• Provide executive summaries on complex issues requiring extensive research and analysis of statutory requirements for the insurance subsidiaries and the holding company.
• Evaluate and maintain financial reporting and data integrity. Prepare and monitor the department’s annual expense budget.
• Oversee the daily production of the Green Book for the Separate Accounts.

Skills and Background You’ll Need:

Education:

• Bachelor’s degree in Accounting, Finance, or equivalent experience.
• CPA, CMA or CIA (preferred)

Experience:

• 6 years of combined experience in insurance industry statutory reporting, financial reporting and accounting, or the equivalent combination of education and/or relevant experience.
• Supervisory experience.
• Work experience with public auditing and regulatory agencies (preferred).
• ERP experience with data extraction and report building (preferred).
• MS Office -- advanced Excel (required)
• Power BI, Python (preferred)

Key Behaviors of a Successful Candidate

• Developing People: Develop and maintain effective and responsive communication with team members to ensure timely identification and understanding of critical performance factors and accurate financial information.
• Improvement Mindset: Constantly pursue exceptional results that take us “next level.”
• Driving Success: Collaborate and communicate effectively with stakeholders within the finance and accounting team to ensure regulatory compliance, quality and internal accounting controls.

Why join The Standard?

We have built an enduring legacy of stability, innovation and financial strength thanks to the contributions of the talented, creative and compassionate people who choose to work at The Standard. To ensure we can attract and retain the best talent, when you join The Standard you can expect:

• A rich benefits package including a 401(k) plan with matching company contributions
• An annual incentive bonus plan
• Generous paid time off
• A supportive and responsive management approach
• Opportunities for career growth and advancement
• Paid time off to volunteer
• An employee giving program that double matches your donations to eligible nonprofits and schools
• Much more!

#LI-Remote

Please note - the salary range for this role is listed below. In addition to salary, our package includes incentive plan participation and comprehensive benefits including medical, dental, vision and retirement benefits, as well as an initial PTO accrual of 164 hours per year. Employees also receive 11 paid holidays and 2 wellness days per year.

• Eligibility to participate in an incentive program is subject to the rules governing the program and plan. Any award depends on various factors, including individual and organizational performance.

Salary Range:

$92,750.00 - $148,500.00

Standard Insurance Company, The Standard Life Insurance Company of New York, Standard Retirement Services, Inc., StanCorp Equities, Inc. and StanCorp Investment Advisers, Inc., marketed as The Standard, are Affirmative Action/Equal Opportunity employers. All qualified applicants will receive consideration for employment without regard to race, religion, color, sex, national origin, gender identity, sexual orientation, age, disability, or veteran status or any other condition protected by federal, state or local law. The Standard offers a drug and alcohol free work environment where possession, manufacture, transfer, offer, use of or being impaired by an illegal substance while on Standard property, or in other cases which the company believes might affect operations, safety or reputation of the company is prohibited. The Standard requires a criminal background investigation, employment, education and licensing verification as a condition of employment. All employees of The Standard must be bondable.

About Us:

PI249940004