What are the responsibilities and job description for the Financial Reporting Manager position at Hoxton Circle?
The Financial Reporting Manager is responsible for managing the preparation, analysis, and distribution of financial statements in accordance with statutory requirements and accounting standards. This role requires expertise in statutory accounting principles (SAP) and at least four years of experience in the insurance industry. The Financial Reporting Manager will play a critical role in ensuring compliance with regulatory requirements and providing accurate financial information to senior management and external stakeholders.
Key Responsibilities:
- Oversee the preparation and analysis of financial statements, including balance sheets, income statements, and cash flow statements.
- Ensure compliance with statutory accounting principles (SAP) and other regulatory requirements specific to the insurance industry.
- Prepare and review quarterly and annual financial statements for regulatory filings (e.g., NAIC statements).
- Coordinate with external auditors and manage the annual audit process.
- Maintain a strong understanding of statutory accounting principles and their application in the insurance industry.
- Ensure that financial records are accurate and comply with insurance regulatory standards.
- Monitor changes in statutory accounting standards and assess their impact on the company’s financial reporting.
- Ensure timely and accurate filing of all required regulatory reports and statements.
- Stay updated on regulatory changes and implement necessary adjustments to reporting processes.
- Liaise with state insurance departments and other regulatory bodies as required.
- Develop and maintain robust internal controls over financial reporting.
- Identify and mitigate risks associated with financial reporting processes.
- Provide guidance on complex accounting issues and statutory reporting requirements.
Qualifications:
- Bachelor’s degree in Accounting, Finance, or a related field. CPA designation preferred.
- Minimum of 4 years of experience in accounting within the insurance industry.
- Strong knowledge of statutory accounting principles (SAP) and insurance regulatory requirements.
- Proficiency in financial reporting software and advanced Excel skills.
- Excellent analytical, problem-solving, and communication skills.
- Ability to work under pressure and meet tight deadlines.
Salary : $130,000
