Assistant Controller
Job Title: Assistant Controller
Employment Type: Full-Time
Position Overview
A well‑established life insurance organization is looking for an Assistant Controller with extensive experience in life insurance accounting. This role is responsible for supporting both GAAP and statutory (SAP) reporting within a highly regulated insurance environment and plays a critical role in maintaining accuracy, timeliness, and compliance across financial and regulatory reporting functions.
The Assistant Controller will act as a technical resource for life insurance accounting matters, collaborating closely with senior leadership, auditors, and regulatory bodies. The ideal candidate will bring a hands‑on leadership approach, strong accounting expertise, and proven experience managing statutory reporting and audits unique to life insurance operations.
Primary Responsibilities
- Oversee monthly and quarterly close activities for a life insurance entity, ensuring accurate GAAP and statutory financial reporting.
- Maintain compliance with life insurance statutory accounting requirements, including regulatory filings and required disclosures.
- Track, interpret, and implement new accounting pronouncements and regulatory guidance impacting life insurance companies.
- Review financial results and provide analysis of key drivers specific to life insurance operations.
- Prepare and manage short‑term cash flow and liquidity projections to support insurance operations and investment activity.
- Ensure alignment and consistency across GAAP and SAP schedules, statements, and footnote disclosures.
- Act as a key point of contact for external auditors and regulators, coordinating audits and responding to examination requests.
- Identify opportunities to enhance processes, controls, and reporting efficiency within the accounting function.
- Collaborate with the Controller on developing and strengthening accounting policies, procedures, and governance practices.
- Assist with special projects, regulatory initiatives, and ad‑hoc financial analyses as required.
Qualifications
Education & Certification
- Bachelor's degree in Accounting (required)
- Certified Public Accountant (CPA) designation (required)
Professional Experience
- Minimum of 10 years of progressive accounting experience within the life insurance industry
- Direct responsibility for GAAP and statutory reporting in a life insurance environment
- Demonstrated experience leading accounting teams and managing close processes in a regulated setting
Technical Skills & Competencies
- In‑depth knowledge of life insurance GAAP and statutory accounting, including statutory guidance and audited statutory financial statements
- Strong understanding of insurance regulatory reporting and examination standards
- Advanced Excel proficiency, including pivot tables, lookup formulas, and analytical modeling
- Experience with enterprise general ledger systems and reporting/forecasting tools such as INFOR, Prophix, or similar platforms
- Strong analytical thinking and problem‑solving abilities
- Effective written and verbal communication skills
- Ability to prioritize and manage multiple deadlines in a compliance‑focused environment
Work Environment & Benefits
- Comprehensive benefits package including medical, dental, and vision insurance
- Retirement savings plan with employer contribution
- Generous paid time off and paid holidays
- Life insurance, disability coverage, and employee assistance programs
- Support for professional development and continuing education
- Collaborative, team‑oriented culture with long‑term growth opportunities
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