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Senior Manager, Regulatory Accounting & Reporting

Date:  Sep 30, 2021
Req ID:  46536
Remote Position:  Yes
Country:  US
Line of Business:  VSP Vision Care
Division:  Finance

General Summary

Leads the regulatory accounting, reporting, and compliance functions for assigned LOB. Supports projects and other strategic initiatives across assigned LOB entities domestically and internationally for reinsurance arrangements, including acquisitions and joint ventures.  Works closely with the executive team in Financial and Global Accounting, Risk, and Compliance.

Essential Functions

Responsible for following applicable accounting and reporting guidance, and government and industry regulatory requirements that can withstand scrutiny and challenge; this includes accounting for transactions that meet Statutory Accounting Principles, preparing financial Management and Discussion Analysis and ensuring policies and procedures are followed specific to the NAIC’s Model Audit Rule (MAR)

 

Directs the preparation and review of regulatory financial statements filed with states’ insurance departments and the NAIC for assigned LOB

 

Acts as a key point of contact for insurance regulators and ensures timely, accurate reporting of accounting and analysis results

 

Directs activities and acts a key point of contact for insurance department examinations and external annual audits

 

Prepares risk assessment and analysis for assigned LOB for annual risk and solvency assessment required by state insurance departments

 

Directs activities, prepares analysis, participates in annual presentation and acts as a key point of contact for AM Best during the annual financial rating process

 

Develops and prepares premium deficiency analysis to determine the impact to financial results for assigned LOB, as well as rate determination

 

Directs and oversees activities required to meet state regulatory compliance in the areas of rate filings, unclaimed property, fee and guaranty assessments

 

Develops innovative ideas and strategies to streamline reporting and disseminates information while considering both external factors (e.g. market, financial, industry) and internal factors (e.g. financial strategies and processes)

 

Monitors and implements internal controls and new accounting guidance to ensure proper compliance and protection of the company’s interests

 

Works closely with Legal and International Vision Care to assure international vision care arrangements meet domestic requirements to assume the risk from operations 

 

Monitors performance of direct reports; provide prompt and objective coaching and counseling; conducts performance reviews; approves performance appraisals initiated by direct reports; and recommends salary increases

 

Assures effective communications are maintained within areas of responsibility; where appropriate, informs employees as to plans and progress; conducts employee discussion sessions at regular and frequent intervals

 

Prioritizes, assigns, and distributes work of the department personnel to ensure responsibility is at the appropriate level and team member skills are developed to support the department’s business needs

 

Monitors unit turnover, productivity, and overall performance to ensure adequate staffing and performance that meets department standards

 

Participates in the interviewing and hiring process for open positions within the department to ensure most qualified candidates are selected

 

Develops the unit budget, monitors expenses to ensure unit costs are within established levels

Job Specifications

Typically has the following skills or abilities:

 

Bachelor’s degree in related field or equivalent experience

 

Minimum of 8 years of management experience with responsibilities for hiring, training, assigning work and managing the performance of direct reports

 

Strong interpersonal skills required in dealing effectively with business partners, staff, outside auditors and vendors

 

Demonstrated experience in working with and influencing senior management

 

Excellent project management skills and experience managing multiple large projects required  

 

In-depth knowledge of Generally Accepted Accounting Principles (GAAP), Statutory Accounting Principles (SAP) and the NAIC’s Model Audit Rule (MAR)

 

Superior analytical skills

 

Proven track record of influencing constituents for optimal results 

 

Excellent organizational skills, detail-oriented and ability to multitask

 

Ability to elevate the perception of our corporate brand and our company

 

Flexible and able to quickly and effectively change priorities and direction

 

Excellent verbal and written communication skills

 

Excellent organizational and planning skills

 

Clean credit history as reported by credit report

Working Conditions / Physical Demands

The working environment is generally favorable lighting and temperature is adequate, and there are no hazardous or unpleasant conditions caused by noise, dust etc.


Nearest Major Market: Sacramento

Job Segment: Accounting, ERP, Manager, SAP, Project Manager, Finance, Technology, Management

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