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Vrinda Global · posted 5 months ago
We are seeking a detail-oriented professional to support US statutory reporting for insurance operations. The role involves preparation, analysis, and submission of regulatory reports in compliance with National Association of Insurance Commissioners (NAIC) guidelines and other statutory requirements.
Key Responsibilities
Prepare, review, and analyze US statutory schedules and exhibits in accordance with NAIC guidelines.
Perform roll forwards, reconciliations, variance analysis, and ensure accurate General Ledger (GL) tie-outs.
Support quarterly and annual statutory close processes, including:
Journal entries preparation and posting
Controls validation and documentation
Ensuring adherence to regulatory filing timelines
Assist in preparation and filing of statutory reports, including:
Insurance Services Office (ISO) reports
Surplus and other statistical filings
Collaborate with internal and external stakeholders to ensure compliance with regulatory requirements.
Support audits and examinations conducted by:
NAIC
Domiciliary regulators
State regulators and other governing bodies
Maintain documentation and support audit requests with accurate and timely data.
Identify process improvement opportunities and support automation initiatives where applicable.
Qualifications & Skills
Bachelor’s degree in Accounting, Finance, or related field (CA / CPA / MBA preferred).
Strong understanding of US Statutory Accounting Principles (SAP).
Experience with NAIC statutory filings and insurance reporting frameworks.
Proficiency in accounting systems and MS Excel (advanced level preferred).
Strong analytical, problem-solving, and reconciliation skills.
Ability to work under tight deadlines and manage multiple priorities.
Excellent communication and stakeholder management skills.
Preferred Experience
Prior experience in insurance companies, captive setups, or consulting firms handling US statutory reporting.
Exposure to regulatory interactions and audit support.
Familiarity with ISO/statistical reporting processes
Job Location: Noida
Mode: Work from office
Timing: US Shift