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Statutory Reporting Manager job in Nashville

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Nashville, Tennessee - TN Asurion

Job Ref:  ASU0009922
Employer:  Asurion
Category:  Finance
Job Type:  Full Time
Salary and Benefits:  Competitive

Location

State:  Tennessee - TN
City:  Nashville
Zip Code:  37203
Map: 
Tennessee , Nashville (Show on map)

Description

Title: Statutory Reporting Manager
Business Function: Finance
Location: Nashville TN (hybrid)

The Manager of Statutory Reporting is an essential role within the Insurance Accounting and Reporting team. This position provides financial and contract data used in statutory reporting to various states and jurisdictions. In addition, this position will be charged with periodic forecasting, monitoring, and communication of the statutory compliance of multiple regulated entities. This position is instrumental in improving the efficiency and effectiveness of the statutory reporting function by looking for improvement opportunities.
This position will work closely with senior leadership of cross functional teams comprised of the legal, compliance, regulatory, corporate finance, licensing, and underwriting.

The Primary Responsibilities
  • Manage preparation and submission of the annual statutory reports for all required jurisdictions.
  • Ensure accurate and timely processing of statutory filings data, including contracts sold, assets and capital.
  • Provide support for the compliance team with annual license renewals and state audits.
  • Leverage expertise and experience to help others understand processes and requirements; helps map out highly complex flows, relationships, and the financial impacts of planned actions.
  • Prepare a monthly review and forecast of the required capital in key jurisdictions to maintain statutory ratios.
  • Lead meetings to communicate monthly compliance forecast to senior leadership of cross functional teams.
  • Partner with treasury, external reporting, and other areas of Finance to release surplus funds or add additional funds while maintaining required entity ratios.
  • Participate in program implementation meetings and discussions with cross functional teams.
  • Review and understand extended service contract agreements and their implications on the process flow and financial performance of the obligor entities.
  • Build credible and positive relationships with partners in finance, regulatory, legal, and underwriting for being knowledgeable about the work, priorities, and accounting/financial matters and applies this knowledge to the issue at hand; guide the team in accessing, researching, and analyzing the most useful information or data sources.
  • Enhance the documentation of procedures including historical data analysis and implemented changes for audit and review.
  • Identify best practices and implement ideas for process improvements in reporting.
  • Research and special projects as assigned.


The Primary Competencies

  • Specialized expertise in licensing and state requirements, including required liquidity ratios, admitted (non-admitted) assets.
  • Ability to interpret regulations and guidelines of filings.
  • Exhibit a high level of independence and initiative to accomplish results.
  • Strong business acumen anticipates financial and business risks that may affect results and provides recommendations for solutions in a proactive manner; convey complex information to non-financial audiences very effectively.
  • Meticulous organization and management skills for thorough audit documentation
  • Superior Excel skills including complex pivot tables and formulas.
  • Exceptional attention to detail, and quality results oriented.
  • Strong interpersonal skills, effective verbal, and written communications, change agent for process improvement.


Experience and Qualifications

  • Undergraduate degree in Accounting or Finance
  • 6 to 10 years of professional experience in accounting or regulatory reporting
  • Specialized knowledge of regulatory requirements and filings
  • Exposure to the extended warranty/insurance industry preferred.


LANGUAGE SKILLS:

This position requires the ability to read, write, analyze, and interpret complex instructions, correspondence, legal documents, financial reports and/or technical documents. In addition, the ability to respond effectively to clients, employees and management and handle sensitive and/or confidential communications is required.

TECHNICAL SKILLS:

This position requires proficiency in a variety of accounting and office applications including but not limited to, the Microsoft Office Suite.

MATHEMATICAL SKILLS:

This position requires advanced mathematical and statistical skills including the ability to add, subtract, multiply, divide and interpret complex numbers, financial data, and reports. The ability to apply such concepts to create reports and financial records and present them effectively is also required. Must be able to develop complex formulas to perform needed calculations and demonstrate how data was derived.

CERTIFICATES, LICENSES, REGISTRATIONS:

No additional certificates, licenses or registrations are required for this position. However, CPA certification and/or continuing advanced Business degree is a plus.

PHYSICAL DEMANDS:

The physical demands and working conditions of this position are like those found in a standard office environment. Employee may spend 4-8 per day sitting and working at a computer. The ability to adjust focus, use hands to grasp, finger, handle, reach or feel and sit for prolonged periods are needed for this position.

TRAVEL:

Some travel may be required on an individual project basis. Travel may include overnight stay at the work location.

ref: (ASU0009922)
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