Senior Statutory Accountant

Department: Finance
Reports To: Treasurer and VP Finance
Location: Irvington, VA (Hybrid/Remote Optional)
Salary Range: $76,000-$118,400

Position Summary

The accountant is responsible for supporting statutory accounting, month-end close, regulatory filing, premium tax, investment accounting, reinsurance accounting, and annual statement preparation activities of Northern Neck Insurance Company and Frederick Mutual Insurance Company. This position plays a key role in maintaining accurate statutory financial records, preparing and posting journal entries, reconciling investment activity, and completing insurance regulatory filings across multiple states.

The ideal candidate is a detail-oriented insurance accounting professional with direct statutory accounting experience and a working knowledge of NAIC reporting requirements. The position requires the ability to manage recurring monthly, quarterly, and annual deadlines, with particular emphasis on Schedule D reporting, premium tax compliance, reinsurance accounting, investment reconciliations, and annual statement preparation.

Essential Duties and Responsibilities

Month-End Close

• Prepare recurring month-end journal entries and supporting documentation.
• Maintain month-end close schedules and ensure activities are completed in accordance with established timelines.
• Prepare and reconcile assigned general ledger accounts.
• Assist in the preparation and review of monthly financial statements and supporting schedules.
• Perform monthly balance sheet reconciliations and investigate variances.
• Support cash, investment, premium, and loss-related accounting processes as assigned.

Regulatory and Compliance Reporting

• Prepare and submit recurring regulatory and compliance reports.
• Coordinate premium tax installment payments and maintain supporting schedules.
• Assist with preparation and filing of annual premium tax returns and related state regulatory filings.
• Monitor reporting deadlines and maintain compliance calendars.
• Maintain documentation supporting regulatory filings and examinations.

Annual Statement and Year-End Reporting

• Support annual statement preparation and annual statement checklist activities.
• Prepare assigned schedules, exhibits, and supporting documentation.
• Assist with year-end financial reporting and reconciliation processes.
• Coordinate information requests related to annual statement preparation.

Audit and Examination Support

• Provide supporting schedules and documentation for external auditors and insurance department examiners.
• Maintain organized workpapers and filing documentation.
• Assist in responding to requests from auditors, regulators, and management.

Corporate and Administrative Support

• Assist with corporate secretarial and governance-related reporting activities.
• Prepare recurring reports for management and board reporting packages.
• Support maintenance of accounting procedures and internal documentation.
• Participate in process improvement initiatives designed to enhance efficiency, accuracy, and internal controls.

Qualifications

Education and Experience

• Bachelor's degree in Accounting, Finance, or Business Administration preferred.
• Three or more years of statutory accounting experience is preferred.
• Direct statutory accounting experience within a property and casualty insurance company is preferred.
• Hands-on experience preparing or supporting quarterly and annual statutory statements is required.
• Experience with Schedule D reporting, investment reconciliations, premium tax preparation, and multi-state regulatory filings is required.
• Working knowledge of property and casualty reinsurance accounting is required.
• Experience with general ledger systems, statutory financial reporting, account reconciliations, and NAIC reporting software is strongly preferred.

Knowledge, Skills, and Abilities

• Strong understanding of statutory accounting principles, NAIC reporting requirements, and property and casualty insurance accounting.
• Excellent organizational and time-management skills.
• Ability to manage recurring monthly, quarterly, and annual deadlines.
• Strong proficiency in Microsoft Excel and other Microsoft Office applications.
• Ability to analyze financial data and identify discrepancies.
• Strong written and verbal communication skills.
• Ability to work independently while collaborating effectively with management and team members.
• Commitment to accuracy, confidentiality, and continuous improvement.

Physical Demands

The job is done in an office environment. The physical demands described here are representative of those required to successfully perform the essential functions of this job. The essential functions of this position may require the employee to sit for extended periods; communicate verbally and hear sufficiently to perform job duties; use a computer, telephone, and keyboard; and travel by automobile as necessary for business purposes.

Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions of the position.