Statutory Accountant

Company Overview

FOCUS provides cloud-based, core administration solutions (FOCUS Tech) and services (FOCUS Insurance Services) for P\&C insurance companies and MGAs. Using decades of industry experience, FOCUS is taking the risk out of insurtech for small, mid-size, and growth-focused insurance organizations.

When you join FOCUS, you immediately become one of our most valued components – and we’re committed to investing in you. That means you can look beyond the paycheck and excellent benefits to an environment that will help you grow and achieve your professional goals through development and advancement opportunities and the support of our outstanding leaders and teammates. FOCUS proudly operates as a subsidiary of PEAK6\.

Role Overview

The Statutory Accountant is responsible for preparing, reviewing, and maintaining accurate statutory financial data and financial statements in accordance with NAIC Statutory Accounting Principles (SAP) for Property and Casualty (P\&C) Insurance Companies.

This role supports statutory reporting \& compliance, financial reporting and accounting close, audit and regulatory support, and timely filings with state insurance departments and the NAIC. The Statutory Accountant also partners closely with internal business partners, systems, technology, and client actuarial/tax/external auditors to ensure compliance, transparency, and financial integrity across the insurance carrier, as our organization expands. This is a remote role that may be required to travel 1-2 times annually.

Key Responsibilities

Statutory Reporting \& Compliance

• Help design and maintain a statutory chart of accounts and general ledger, and prepare required journal entries
• Prepare and review quarterly and annual statutory financial statements in accordance with NAIC SAP along with the accompanying statutory blank pages, schedules, and supplements
• Ensure timely submission of statutory filings to state regulators and the NAIC
• Monitor and apply updates to NAIC guidance, statutory accounting changes, and regulatory requirements

Financial Close \& Reconciliations

• Define and analyze data from system reports, and prepare the balance sheet, income statement, and trial balance
• Support monthly and quarterly close processes related to statutory reporting
• Perform balance sheet reconciliations, including investments, reinsurance, reserves, bank, and surplus accounts
• Analyze statutory-to-GAAP differences and maintain reconciliation schedules

Audit \& Regulatory Support

• Serve as a key contact for statutory audits and regulatory examinations
• Prepare audit schedules, supporting documentation, and responses to auditor and regulator inquiries
• Assist with the remediation of audit findings and regulatory recommendations

Cross-Functional Collaboration

• Collaborate with accounting, underwriting and other internal business partners, as well as external clients and carriers
• Partner with Data/Business Analyst \& technology teams to provide data
• Partner with Actuarial on reserves, loss adjustment expenses, and premium recognition, Investments on statutory valuation and reporting, and Tax on statutory tax disclosures and reporting requirements

Process Improvement \& Documentation

• Maintain and enhance statutory accounting policies, procedures, SOP’s and other documentation
• Identify opportunities to improve efficiency, accuracy, and controls within statutory reporting processes
• Lead automation or system enhancements related to statutory reporting tools

Qualifications \& Experience

Required

• 5–7 years of accounting experience, with direct property and casualty statutory accounting or property and casualty insurance carrier experience
• Bachelor’s degree in Accounting, Finance, or related field
• Strong working knowledge of NAIC Statutory Accounting Principles (SAP)
• Experience preparing or reviewing statutory financial statements
• Advanced Excel skills and experience working with large financial data sets

Preferred

• Familiarity with statutory reporting software (e.g., FIS, Oracle or similar)
• Experience supporting statutory audits and regulatory examinations
• CPA or CPA-eligible is a plus

Key Competencies

• Ability to work cross-functionally with finance, technology, and leadership teams
• Knowledge of insurance accounting and regulatory requirements
• Ability to manage deadlines in a reporting-driven environment
• Attention to detail, communication skills, and the ability to multi-task with multiple client deliverables

The FOCUS Difference:

• Medical, Dental, Vision, Life, Pet; Flexible Spending Account
• 401K Match
• Work-Life Balance: Personal Days, PTO Days, 12 Paid Holidays, Two Paid Days for Volunteer Service, Paid Parental Leave
• Short and Long-Term Disability
• Employee Support Programs, Including Mental Health
• Tuition Reimbursement
• Matching Charitable Gift Program
• Lucrative Referral Program
• Commuter Benefits

EEO

Team Focus Insurance Group is an equal opportunity employer that does not discriminate on the basis of race, color, religion, sex (including pregnancy, sexual orientation, and gender identity), national origin, age, disability, veteran status, marital status, or any other protected characteristic. Our hiring practices ensure that all qualified applicants receive fair consideration without regard to these characteristics.

Disability

Team Focus Insurance Group is committed to creating an inclusive and accessible workplace for all candidates, including those with disabilities. We are dedicated to ensuring equal employment opportunities and providing reasonable accommodations to qualified individuals with disabilities. If you require reasonable accommodations to participate in the application or interview process, please contact our HR department at [email protected]. We will work with you to provide the necessary accommodations to ensure your full participation in our hiring process.

Note to applicant: It is unlawful in Massachusetts and Maryland to require or administer a lie detector test as a condition of employment or continued employment. Please know that our company does not use lie detector tests in our hiring process.