Statutory Accountant (Property and Casualty)

Team Focus Insurance Group • Chicago, IL

1d • Remote

About The Position

FOCUS provides cloud-based, core administration solutions (FOCUS Tech) and services (FOCUS Insurance Services) for P&C insurance companies and MGAs. FOCUS Tech applies decades of insurance experience to developing solutions that complement the company’s extensible InFocus Platform, including self-service digital portals, configuration tools, and real-time risk management functionality while the FOCUS Insurance Services’ teams deploy policy, billing, and claims solutions with intuitive automation of workflows and artificial intelligence (AI) applications via state-of-the-art cloud technologies and robust APIs. Through proven technology and quality services, FOCUS is taking the risk out of insurtech for small, mid-size, and growth-focused insurance organizations. Role Overview The 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.

Requirements

• 5–7 years of accounting experience, with direct property and casualty statutory accounting or property and casualty insurance carrier experience
• Bachelor’s degree in Accounting, Finance, or related field
• Strong working knowledge of NAIC Statutory Accounting Principles (SAP)
• Experience preparing or reviewing statutory financial statements
• Advanced Excel skills and experience working with large financial data sets

Nice To Haves

• Familiarity with statutory reporting software (e.g., FIS, Oracle or similar)
• Experience supporting statutory audits and regulatory examinations
• CPA or CPA-eligible is a plus

Responsibilities

• Help design and maintain a statutory chart of accounts and general ledger, and prepare required journal entries
• Prepare and review quarterly and annual statutory financial statements in accordance with NAIC SAP along with the accompanying statutory blank pages, schedules, and supplements
• Ensure timely submission of statutory filings to state regulators and the NAIC
• Monitor and apply updates to NAIC guidance, statutory accounting changes, and regulatory requirements
• Define and analyze data from system reports, and prepare the balance sheet, income statement, and trial balance
• Support monthly and quarterly close processes related to statutory reporting
• Perform balance sheet reconciliations, including investments, reinsurance, reserves, bank, and surplus accounts
• Analyze statutory-to-GAAP differences and maintain reconciliation schedules
• Serve as a key contact for statutory audits and regulatory examinations
• Prepare audit schedules, supporting documentation, and responses to auditor and regulator inquiries
• Assist with the remediation of audit findings and regulatory recommendations
• Collaborate with accounting, underwriting and other internal business partners, as well as external clients and carriers
• Partner with Data/Business Analyst & technology teams to provide data
• Partner with Actuarial on reserves, loss adjustment expenses, and premium recognition, Investments on statutory valuation and reporting, and Tax on statutory tax disclosures and reporting requirements
• Maintain and enhance statutory accounting policies, procedures, SOP’s and other documentation
• Identify opportunities to improve efficiency, accuracy, and controls within statutory reporting processes
• Lead automation or system enhancements related to statutory reporting tools

Benefits

• Medical, Dental, Vision, Life, Pet
• Flexible Spending Account
• Competitive Salaries
• 401K Match
• Work-Life Balance: Personal Days, PTO Days, 12 Paid Holidays, Two Paid Days for Volunteer Service, Paid Parental Leave
• Short and Long-Term Disability
• Employee Support Programs, Including Mental Health
• Tuition Reimbursement
• Matching Charitable Gift Program
• Lucrative Referral Program
• Commuter Benefits
• Flexibility: Remote and Hybrid Opportunities Available

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level