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Vrinda Global
US Statutory reporting C1
Vrinda Global · posted 5 months ago
Noida
About the role
Job Summary
We are looking for a detail-oriented professional with experience in US Insurance Statutory Reporting and Statistical Reporting to support quarterly and annual regulatory reporting activities. The role involves preparation and review of NAIC statutory schedules and exhibits , statutory close activities, reconciliations, regulatory filings, and coordination with auditors/regulators.
The ideal candidate should possess strong knowledge of US STAT accounting principles , insurance regulatory reporting requirements, and hands-on experience with NAIC filings, ISO reporting, surplus/statistical reporting , and financial reconciliations.
Key Responsibilities
- Prepare, review, and analyze US NAIC statutory schedules and exhibits .
- Perform roll forwards, reconciliations, variance analysis , and GL tie-outs for statutory reporting.
- Support quarterly and annual statutory close processes.
- Prepare and post journal entries and ensure accuracy/completeness of financial data.
- Execute and validate internal controls, documentation, and reporting procedures.
- Ensure timely completion of all regulatory filing deliverables and compliance timelines.
- Assist during NAIC, ISO, domiciliary regulator, State, and external audits/examinations .
- Prepare and file ISO, Surplus, and other statistical reports .
- Coordinate with internal stakeholders including Accounting, Finance, Actuarial, Compliance, and Audit teams.
- Identify reporting discrepancies and support remediation/process improvement initiatives.
- Maintain documentation supporting statutory and statistical reporting submissions.
- Support automation and continuous improvement initiatives within reporting processes.
Required Skills & Qualifications
- Strong understanding of US Statutory Accounting (STAT) and insurance regulatory reporting.
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Hands-on experience with:
- NAIC statutory schedules/exhibits
- Statutory close and reporting
- GL reconciliations and tie-outs
- Journal entries and variance analysis
- ISO and statistical reporting
- Regulatory/audit support
- Knowledge of US Insurance industry (P&C/Life/Health insurance preferred).