Statutory Accounting Manager, Life and Health

Job Description Summary

This role is for a specialist in technical, statutory Insuranc accounting. ERAC, Employers Reassurance Corporation and a corporate holding of GE Aerospace. We are a reinsurance company supporting the long-term care insurance, structure settlements and Life along with other insurance products

Responsible for driving technical accounting compliance, financial and operational internal controls, process simplification, and operational excellence to deliver accurate actual financial reporting and analysis. Interprets simple internal and external business challenges and recommends best practices to improve products, processes or services. Stays informed of industry trends that may influence work. This role is available remote anywhere US or in our Overland Park, KS location.

Job Description

Roles and Responsibilities

• Responsible for providing guidance to the Finance teams and the organization on statutory accounting, filings and regulatory requirements. Assist financial reporting teams as required to ensure all statutory filings are completed timely, efficiently and in compliance with state regulatory requirements.
• Developing expertise within function. Growing reputation within the organization. Includes roles that are experts in their discipline, providing professional or thought leadership. Influences policy and ensures delivery within own function, linking with other functions of the organization.
• Lead or support functional teams or projects with moderate resource requirements, risk, and/or complexity (e.g., NAIC’s Principles-Based Bond Definition and Group Capital Calculation). Presents business solutions to leaders in functional area.
• Communicates complex messages and negotiates mainly internally with others to adopt a different point of view. Influences peers to act and may negotiate with external partners, vendors, or customers.
• Leads others to find creative solutions to address complex problems that may impact the organization. Has the ability to evaluate quality of information received and questions conflicting data for analysis. Uses multiple internal and external resources outside of own function to help arrive at a decision.
  
  

Required Qualifications

• Statutory and insurance regulatory requirements a must.
• Prior technical controllership and insurance industry experience, with Life & Health insurance products
• Experience in preparing statutory financial statements and working with auditors
• Ability to analyze relevant facts and formulate technical accounting positions, considering statutory & regulatory guidance, insurance industry practices.
  
  

Desired Characteristics

• Master's degree from an accredited university or college
• Excellent communication skills, with the ability to collaborate effectively
• Ability to quickly learn and adapt to company-specific processes
  
  

The base pay range for this position is $124.5 to 180,000 USD Annual. The specific pay offered may be influenced by a variety of factors, including the candidate’s experience, education, and skill set. This position is also eligible for an annual discretionary bonus based on a percentage of your base salary/ commission based on the plan. This posting is expected to close on May 1, 2025 Healthcare benefits include medical, dental, vision, and prescription drug coverage; access to a Health Coach, a 24/7 nurse-based resource; and access to the Employee Assistance Program, providing 24/7 confidential assessment, counseling and referral services. Retirement benefits include the GE Retirement Savings Plan, a tax-advantaged 401(k) savings opportunity with company matching contributions and company retirement contributions, as well as access to Fidelity resources and planning consultants. Other benefits include tuition assistance, adoption assistance, paid parental leave, disability insurance, life insurance, and paid time-off for vacation or illness.

General Electric Company, Ropcor, Inc., their successors, and in some cases their affiliates, each sponsor certain employee benefit plans or programs (i.e., is a “Sponsor”). Each Sponsor reserves the right to terminate, amend, suspend, replace, or modify its benefit plans and programs at any time and for any reason, in its sole discretion. No individual has a vested right to any benefit under a Sponsor’s welfare benefit plan or program. This document does not create a contract of employment with any individual.

Additional Information

GE Aerospace offers a great work environment, professional development, challenging careers, and competitive compensation. GE Aerospace is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.

GE Aerospace will only employ those who are legally authorized to work in the United States for this opening. Any offer of employment is conditioned upon the successful completion of a drug screen (as applicable).

Relocation Assistance Provided: No

• This is a remote position