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Sr. Analyst, Financial Reporting - Statutory (Hybrid)

Company: Protective Life Insurance Company
Location: Birmingham
Posted on: January 24, 2023

Job Description:

The work we do has an impact on millions of lives, and you can be a part of it.We help protect our customers against life's uncertainties. Regardless of where you work within the company, you'll be helping provide protection and peace of mind when our customers need it most.
We help protect our customers against life's uncertainties. Regardless of where you work within the company, you'll be helping provide protection and peace of mind when our customers need it most. Whether it's in accounting, claims, IT, investments, legal, marketing, sales, or another department, come be part of a company where you can accomplish your goals while contributing to our social mission of becoming America's most protective insurance company. The individual selected for this role will be a senior member of the statutory reporting and compliance team for Protective Life Insurance Company and subsidiaries.Responsibilities

  • Responsible for the preparation, review, and filings of statutory annual and quarterly statements for multiple life insurance companies and captive reinsurers to ensure compliance with State and National Association of Insurance Commissioners ("NAIC") regulatory guidelines, and present statutory results to senior management and the board of directors of the individual legal entities
  • Responsible for the preparation, review, and filings of statutory separate account annual statements including quarterly validations to ensure proper reporting between the life insurance and separate account annual statements
  • Assist the statutory analysis function, including working with segment/division accountants and actuaries
  • Assist the statutory audit process, including working directly with external auditors to meet audit reporting deadlines and resolve issues, as needed
  • Support statutory financial reporting and accounting activities in conjunction with the acquisition of other insurance companies or reinsurance of blocks of business
  • Research new NAIC accounting policies and assist in ensuring effective reporting implementation
  • Coordinate statutory correspondence with regulators and participate in examinations by State Insurance Departments
  • Responsible for documenting and maintaining internal controls over statutory reporting for Sarbanes-Oxley Section 404 and Model Audit Rule compliance
  • Lead and/or contribute to process improvement projects, assist with companywide strategic initiatives, and perform ad hoc analysis, as neededQualifications
    • 5+ years of statutory financial reporting experience in the life insurance industry
    • BS degree in accounting, MBA or Graduate Degree is a plus
    • CPA Preferred
    • Strong analytical and quantitative skills
    • Strong written and verbal communication skills
    • Ability to meet reporting deadlines
    • Public accounting experience a plus
    • Merger and acquisition experience a plus
    • Familiarity with consolidation accounting and methodologies a plus
    • Familiarity with U.S. GAAP accounting and reporting a plusEmployee Benefits: We aim to protect our employees' wellbeing through a broad benefits offering. For example, we protect physical wellbeing through health, dental and vision insurance. We protect mental wellbeing through mental health benefits and an employee assistance program. We protect time away from work with a variety of paid time away benefits (e.g., paid time off, paid parental leave, short-term disability, and a cultural observance day). We protect financial wellbeing through contributions to healthcare accounts, a pension plan, and a 401(k) plan with Company matching. All employees are encouraged to protect their overall wellbeing by engaging in ProHealth Rewards, Protective's platform to improve wellbeing while earning cash rewards. Eligibility for certain benefits may vary by position in accordance with the terms of the Company's benefit plans.
      Diversity and Inclusion: At Protective, we are committed to providing an inclusive culture where all employees are able to fully contribute and thrive. Our goal is to grow and develop our people, attract diverse talent and support strong, diverse communities.
      We support diversity, equity, and inclusion by working to develop a culture of inclusion and belonging led by leaders who develop potential and embrace unique skills and abilities. Our aim is to create an equitable and accountable environment for all leaders and employees that will drive performance and impact business strategy. In this way, we can increase overall diversity for leadership roles and pipelines of talent by maturing our hiring practices, robust development opportunities and focus on retention of key talent.
      We are proud to be an equal opportunity employer committed to being inclusive and attracting, retaining, and growing the talents of a diverse and inclusive workforce.

Keywords: Protective Life Insurance Company, Birmingham , Sr. Analyst, Financial Reporting - Statutory (Hybrid), Accounting, Auditing , Birmingham, Alabama

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