Senior Accountant Statutory Accounting
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Job Location:
New York City, NY - USA
Monthly Salary:
Not Disclosed
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
Arbol is a global climate risk coverage platform and FinTech company offering full-service solutions for any business looking to analyze and mitigate exposure to climate risk. Arbols products offer parametric coverage which pays out based on objective data triggers rather than subjective assessment of loss. Arbols key differentiator versus traditional InsurTech or climate analytics platforms is the complete ecosystem it has built to address climate risk. This ecosystem includes a massive climate data infrastructure scalable product development automated instant pricing using an artificial intelligence underwriter blockchain-powered operational efficiencies and non-traditional risk capacity bringing capital from non-insurance sources. By combining all these factors Arbol brings scale transparency and efficiency to parametric coverage.
The Senior Accountant / Director of Accounting reporting to the Chief Financial Officer will serve as the technical accounting leader for the company. This role is responsible for providing expert guidance on U.S. Statutory Accounting Principles (SSAP) U.S. GAAP and other applicable insurance accounting frameworks. The role will lead the preparation and submission of statutory financial statements for P&C entities ensuring full compliance with NAIC guidelines and state insurance regulations. This role requires a seasoned professional with hands-on experience in P&C-specific schedules loss reserve analysis and reinsurance accounting.
The ideal candidate for this role has extensive statutory accounting experience deep expertise in the insurance and reinsurance industry and a proven track record of developing implementing and improving processes in insurance and startup environments.
What Youll Be Doing
- Prepare and file quarterly and annual STAT reports for P&C entities including the various Schedules
- Reconcile and explain GAAP vs. STAT differences particularly in areas like loss reserves and premium recognition
- Manage risk-based capital (RBC) calculations asset admissibility and premium deficiency testing
- Oversee reinsurance accounting including ceded/assumed premiums and recoverablesSupport loss reserve development including IBNR estimation and actuarial collaboration
- Respond to state inquiries and assist with regulatory examinations and audits
- Analyze underwriting results and trends impacting statutory profitability
- Mentor junior staff and contribute to process improvements and automation initiatives
What Youll Need
- Bachelors degree in Accounting (CPA preferred)
- Minimum 5 years of accounting experience with at least 3 years in P&C STAT reporting
- Strong understanding of NAIC statutory accounting principles and P&C insurance operations
- Experience with ERP accounting systems such as NetSuite or Sage Intacct
- Familiarity with loss reserve methodologies Schedule P reporting and reinsurance
$150000 - $175000 a year
Candidates for this role must be located in the United States.
Interested but you dont meet every qualification Please apply!
Arbol values the perspectives and experience of candidates with non-traditional backgrounds and we encourage you to apply even if you do not meet every requirement.
Accessibility
Arbol is committed to accessibility and inclusivity in the hiring process. As part of this commitment we strive to provide reasonable accommodations for persons with disabilities to enable them to access the hiring process. If you require an accommodation to apply or interview please contact emailprotected
Benefits
Arbol is proud to offer its full-time employees competitive compensation and equity in a high-growth startup. Our health benefits include comprehensive health dental and vision coverage and an optional flexible spending account (FSA) to support your health. We offer a 401(k) match to support your future and flexible PTO for you to relax and recharge.
Required Experience:
Senior IC
Key Skills
- Account Payable
- Invoicing
- Journal Entry
- Data Entry
- Accounting & Finance
- Tax Returns
- QuickBooks
- General Ledger Accounting
- Microsoft Excel
- Reporting
- Payroll
- Financial statement
- Account Receivable
- ACCA
- CPA
About Company
Explore Arbol’s parametric insurance solutions for effective climate risk management. Our data-driven products help secure financial stability against weather-related disruptions.
