Senior Statutory Accountant at Aspida Financial Services LLC – Durham, North Carolina

Company Description:

Aspida is a tech-driven, nimble insurance carrier. Backed by Ares Management Corporation, a leading global alternative asset manager, we offer simple and secure retirement solutions and annuity products with speed and precision. More than that, we’re in the business of protecting dreams; those of our partners, our producers, and especially our clients. Our suite of products, available through our elegant and intuitive digital platform, focuses on secure, stable retirement solutions with attractive features and downside protection. A subsidiary of Ares Management Corporation (NYSE: ARES) acts as the dedicated investment manager, capital solutions and corporate development partner to Aspida. For more information, please visit www.aspida.com or follow them on LinkedIn.

Who We Are:

Sometimes, a group of people come together and create something amazing. They don’t let egos get in the way. They don’t settle for the status quo, and they don’t complain when things get tough. Instead, they see a common vision for the future and each person makes an unspoken commitment to building that future together. That’s the culture, the moxie, and the story of Aspida.

Our business focuses on annuities and life insurance. At first, it might not sound flashy, but that’s why we’re doing things differently than everyone else in our industry. We’re dedicated to developing data-driven tech solutions, providing amazing customer experiences, and applying an entrepreneurial spirit to everything we do. Our work ethic is built on three main tenets: Get $#!+ Done, Do It with Moxie, and Have Fun. If this sounds like the place for you, read on, and then apply at aspida.com/careers.

What We Are Looking For

We are seeking an experienced Senior Statutory Accountant to join our finance team at Aspida. As a Senior Statutory Accountant, you will play a critical role in ensuring accurate and compliant financial reporting in accordance with statutory requirements in the insurance industry. This position requires strong technical expertise in insurance accounting and a deep understanding of statutory reporting requirements. This role reports to the Accounting Manager is required to be onsite at our Durham office 3 days a week.

What You Will Do:

• Prepare and review statutory financial statements for the life insurance company, ensuring compliance with relevant regulatory frameworks (e.g., NAIC, state insurance departments).
• Prepare journal entries. Assist in investigation of significant variances of various income statement accounts.
• Contribute to finance transformation projects, including identifying automated solutions to current manual processes.
• Review detailed reconciliations of balance sheet accounts and aid in variance explanations.
• Stay abreast of changes in insurance accounting standards and regulatory guidelines, implementing necessary updates to ensure compliance.
• Collaborate with external auditors during year-end audits and regulatory examinations, addressing audit findings and ensuring timely completion of audit requirements.
• Manage the preparation and filing of statutory insurance filings, including annual statements, risk-based capital reports, and other regulatory submissions.
• Analyze financial data to identify trends, variances, and areas for improvement in statutory reporting processes.
• Provide technical accounting guidance to cross-functional teams and support business initiatives with comprehensive financial analysis.

What We Provide:

• Salaried, DOE
• Long-Term Incentive Plan
• Full-Time
• Full Benefits Package Available

What We Believe:

At Aspida Financial Services, LLC, we are committed to creating a diverse and inclusive environment and are proud to be an equal opportunity employer. As such, Aspida does not and will not discriminate in employment and personnel practices on the basis of race, sex, age, handicap, religion, national origin or any other basis prohibited by applicable law. Hiring, transferring and promotion practices are performed without regard to the above listed items.

What We Require:

• BA / BS in accounting, finance, or related degree
• Knowledge of insurance accounting principles (e.g., GAAP, SAP, EBS) and regulatory requirements (e.g., NAIC Annual Statement)
• Solid technology skills including advanced Excel and PowerPoint
• Excellent analytical, problem solving, and financial modeling skills
• Collaborative approach based on the ability to listen and value others’ opinions

Preferred Qualifications:

• MBA / CPA / CFA
• 2-4 years of relevant finance experience, preferably in insurance or financial services