What are the responsibilities and job description for the Statutory Accounting Manager position at Essent Guaranty, Inc.?
Essent Group Ltd. (NYSE: ESNT) is a Bermuda-based holding company (collectively with its subsidiaries, "Essent") which serves the housing finance industry by offering private mortgage insurance, reinsurance, risk management products and title insurance and settlement services to mortgage lenders, borrowers, and investors to support homeownership. We are focused on managing risk and dedicated to serving as a strong and fair counterparty. As a company, we bring strong private capital and a commitment to risk management to the mortgage insurance industry.
Title: Statutory Accounting Manager
Location: Columbia, MO (Fully in-office)
This is a management position that leads daily statutory accounting functions and develops accounting policies and procedures. The role is directly involved in the development of reporting tools and metrics for trend analysis. Additionally, staying updated with industry trends and legal changes is required. Effective staff management is also a key responsibility.
As a dynamic and resourceful professional, we will rely on you to perform the following duties:
- Lead cross-functional teams in day-to-day statutory accounting functions (e.g., ledger maintenance, claims accounting, revenue and asset accounting and associated analysis and reporting (e.g., Form 9 filings, reinsurance reporting, state data calls, and statutory audits, etc.) to meet performance and quality goals.
- Develop and maintain statutory accounting policies, operational procedures, and tools to ensure consistency of practice and compliance with organizational accounting policies and legal and regulatory requirements.
- Direct the development and production of reporting tools, key performance metrics, policies, and procedures used to analyze and identify trends in operating expenses, project spending, headcount, and risks/opportunities.
- Remain abreast of industry trends, products, best practices, technologies, competitive landscape, and legal and regulatory changes to modify strategic plans and improve legal and regulatory compliance.
- Manage staff to balance workloads and accomplish results through effective recruitment, selection, training, development, performance management, and recognition; holds direct reports accountable for developing staff competency in their areas of responsibility and meeting assigned goals and objectives.
- Perform other duties as assigned by management.
Minimum Education & Experience Requirements:
- Bachelor's degree in accounting, Business, Finance, Economics, or related field required
- Requires 3 years of related experience in statutory accounting, preferably for a financial services organization
- Requires 1 years of experience in a leadership role, preferably with cross-functional teams
- Requires experience adhering to accounting best practices (e.g., accepted accounting principles (GAAP)) and the legal and regulatory requirements for public accounting
- Maintain flexible hours
- Requires extensive knowledge of department processes
- Requires experience managing budgetary functions and overseeing contract management and program delivery
- Knowledge of management principles and techniques with business and leadership skills
- Business acumen, leadership, and data-driven decision-making skills
- Requires mathematical acumen to analyze complex equations
- Interpersonal, oral, and written communication and presentation skills with tact and diplomacy
- Analytical, strategic thinking, and problem-solving skills with a customer service orientation
- Project management, organizational, prioritization, and time management skills with attention to detail
- Requires proficiency in MS Office Suite
Our commitment to your success is enhanced by our competitive salary and comprehensive benefits package including paid time off, medical, dental, vision, 401(k) and disability benefits. We work to maintain a positive environment for our employees, where people can learn and grow with the company. Essent is an Equal Opportunity Employer.
