Senior Statutory Accountant

Job Title: Senior Statutory Accountant

Division: Finance

Reports To: US Controller

Key Relationships: Head of North American External Reporting; Head of North America Finance; US Tax Manager; Senior Financial Analyst; Compliance Analyst

Job Summary: The Senior Statutory Accountant will be a key member of the finance team and serve as the primary Subject Matter Expert (SME) on NAIC Statutory Accounting Principles (SAP). The primary responsibilities of the position will be statutory reporting coupled with financial analysis, research, and technical expertise. The position will be primarily responsible in ensuring the integrity of statutory financial information and reports.

Key Responsibilities

• Lead the preparation, review, and filing of accurate and timely quarterly and annual statutory financial statements for multiple legal entities.
• Manage and oversee the submission of regulatory filings and data calls to state insurance departments and other regulatory bodies to ensure timely and accurate submission.
• Ensure compliance with Statutory Accounting Principles and monitor changes in SAPs and regulatory requirements to assess their impact.
• Act as the primary liaison for statutory audits and examinations, including coordination with external auditors and regulators.
• Support internal management reporting and provide insights into statutory financial performance.
• Identify and implement processes to modernize statutory reporting processes, reduce manual effort, and strengthen data integrity.
• Maintain financial internal controls over statutory financial reporting in compliance with the NAIC Model Audit Rule (MAR)
• Collaborate with internal teams including Tax, GAAP Reporting, and Compliance to ensure alignment and accuracy of financial reporting.
• Provide coaching and guidance to other finance team members on statutory accounting and reporting matters.
• Support of ad hoc projects, including process improvements and system enhancements, and other tasks, as assigned by the Controller

Personal Specification:

Education and Qualifications

• Bachelor's degree in accounting
• 7 Years' Minimum Accounting experience, preferably in the property-casualty insurance industry
• Corporate Statutory Accounting experience preferable

Skills and Abilities

• Technical accounting knowledge including experience documenting and researching technical accounting answers required
• Solid financial analysis skills
• Effective written and verbal communication skills
• Intermediate time management/ prioritization skills
• Demonstrated ability to solve problems and suggest solutions
• Intermediate business perspective including an understanding of the political nature of the organization
• Navigate ambiguity to deliver results

Knowledge and Experience

• Solid knowledge of accounting concepts/theories (GAAP & NAIC statutory)
• Solid knowledge of insurance accounting and reporting concepts/theories
• Intermediate working knowledge of Microsoft Office (e.g., Excel, Word, Outlook)
• General Ledger experience

Aptitude and Disposition

• Top performer, motivated and driven to succeed
• A self-starter with a high energy level and with the ability to work in a fast-paced environment
• Ability and willingness to roll up sleeves and get involved in detail
• Ability to interact with individuals at all levels of the company
• Proactive
• Flexible
• High integrity
• Positive

Competencies

• Detail Oriented
• Analytical Thinking
• Emphasis on Quality
• Teamwork
• Communications

Who We Are:

Beazley is a specialist insurance company with over 30 years' experience helping people, communities and businesses to manage risk all around the world. Our mission is to inspire our clients and people with the confidence and freedom to explore, create and build - to enable businesses to thrive. Our clients want to live and work freely and fully, knowing they are benefitting from the most advanced thinking in the insurance market. Our goal is to become the highest performing sustainable specialist insurer.

Our products are wide ranging, from cyber & tech insurance to marine, healthcare, financial institutions and contingency; covering risks such as the weather, film production or protection from deadly weapons.

Our Culture

We have a wonderful mix of cultures, experiences, and backgrounds at Beazley with over 2,000 of us working around the world. Employee's diversity, experience and passion allow us to keep innovating and moving forward, delivering the best. We are proud of our family-feel culture at Beazley that empowers our staff to work from when and where they want, in an adult environment that is big on collaboration, diversity of thought and personal accountability. Our three core values inspire the way we work and how we treat our people and customers.

• Be bold
• Strive for better
• Do the right thing

Upholding these values every day has enabled us to become an innovative and responsive organization in touch with the changing world around us - our ambitious inclusion & diversity and sustainability targets are testament to this.

We are a flexible and innovative employer offering a friendly, collaborative, and inclusive working environment. We actively encourage and expect applications from all backgrounds. Our commitment to fostering a supportive and dynamic workplace ensures that every employee can thrive and contribute to our collective success.

Explore a variety of networks to assist with professional and/or personal development. Our Employee Networks include:

• Beazley RACE - Including, understanding and celebrating People of Colour
• Beazley SHE - Successful, High potential, Empowered women in insurance
• Beazley Proud - Our global LGBTQ+ community
• Beazley Wellbeing - Supporting employees with their mental wellbeing
• Beazley Families - Supporting families and parents-to-be

We encourage internal career progression at Beazley, giving you all the tools you need to drive your own career here, such as:

• Internal Pathways (helping you grow into an underwriting role)
• iLearn (our own learning & development platform)
• LinkedIn Learning
• Mentorship program
• External qualification sponsorship
• Continuing education and tuition reimbursement
• Secondment assignments

The Rewards

• The opportunity to connect and build long-lasting professional relationships while advancing your career with a growing, dynamic organization
• Attractive base compensation and discretionary performance related bonus
• Competitively priced medical, dental and vision insurance
• Company paid life, and short- and long-term disability insurance
• 401(k) plan with 5% company match and immediate vesting
• 22 days PTO (prorated for 1st calendar year of employment), 11 paid holidays per year, with the ability to flex the religious bank holidays to suit your religious beliefs
• Up to $700 reimbursement for home office setup
• Free in-office lunch, travel reimbursement for travel to office, and monthly lifestyle allowance
• Up to 26 weeks of fully paid parental leave
• Up to 2.5 days paid annually for volunteering at a charity of your choice
• Flexible working policy, trusting our employees to do what works best for them and their teams

Salary for this role will be tailored to the successful individual's location and experience. The expected compensation range for this position is $110,000 - $130,000 per year plus discretionary annual bonus.

Don't meet all the requirements? At Beazley we're committed to building a diverse, inclusive, and authentic workplace. If you're excited about this role but your experience doesn't perfectly align with every requirement and qualification in the job specification, we encourage you to apply anyway. You might just be the right candidate for this, or one of our other roles.

We are an equal opportunities employer and as such, we will make reasonable adjustments to our selection process for candidates that indicate that, owing to disability, our arrangements might otherwise disadvantage them. If you have a disability, including dyslexia or other non-visible ones, which you believe may affect your performance in selection, please advise us in good time and we'll make reasonable adjustments to our processes for you.