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Director, Statutory & Technical Accounting

Director, Statutory & Technical Accounting job! Our Client designs, distributes, issues, administers, and services annuity and related product solutions for individual consumers and institutions worldwide. Our Client is paving the way for industry-leading proprietary technology and system designs, along with third-party platform support for other institutions.

The Director, Statutory & Technical Accounting job's salary is $200k to $230k DOE + Bonus and Profit Sharing. This Director, Statutory & Technical Accounting job is located in New York City, NY; however, remote will be considered. Apply now for this excellent Director, Statutory & Technical Accounting job by following the instructions at the end of this Job description!

Job Summary

Our Client, a NYC-based insurance business, is seeking a Director, Statutory & Technical Accounting to lead all aspects of statutory (STAT) and GAAP technical accounting across the annuity business. Reporting to the Chief Financial Officer, this role serves as the company's authoritative expert on SSAP, NAIC Blue Book reporting, asset admissibility, reinsurance accounting, and the technical analysis required for complex corporate transactions.

The ideal candidate brings deep life/annuity insurance expertise, a strong command of STAT and GAAP frameworks, and the ability to translate complex accounting guidance into clear, actionable recommendations for senior leadership. Ultimately, this high-impact role directly supports financial reporting integrity, capital planning, regulatory compliance, and the company's long-term growth strategy.

Key Responsibilities

• Statutory Accounting & Blue Book Expertise

  • Lead the statutory reporting framework, and consequently prepare, review, and interpret Blue Book schedules and disclosures.
  • Research and resolve complex SSAP questions; moreover, prepare clear, well-supported technical accounting positions for internal and external stakeholders.
  • Monitor NAIC updates, SSAP revisions, RBC guidance, and regulatory developments; thereafter, assess impacts and advise leadership proactively.
  • Support interactions with state insurance regulators, examiners, and auditors, ensuring accurate and compliant statutory reporting.

• Reinsurance & Transaction Accounting

  • Serve as the technical accounting expert for reinsurance structures (coinsurance, modified coinsurance, funds-withheld, and other complex arrangements).
  • Evaluate the STAT and GAAP implications of proposed reinsurance treaties and capital transactions; in addition, advise on optimal structuring.
  • Identify embedded derivatives or experience refund considerations and assess their impacts under both GAAP and STAT frameworks.
  • Partner with Product, Actuarial, Investments, and Reinsurance teams to design transaction structures that align with accounting, capital, and regulatory objectives.

• Asset Admissibility & Investment Accounting

  • Assess asset admissibility under SSAP, including structured investments, private credit, Schedule BA assets, collateral requirements, and non-admitted considerations.
  • Advise on surplus impacts, RBC treatment, and statutory reporting implications of various investment strategies; furthermore, communicate outcomes clearly to leadership.
  • Collaborate with Treasury and Investments to ensure proper classification, valuation, and reporting of investment holdings.

• Technical Accounting Policy & GAAP

  • Lead the development and ongoing maintenance of the company's accounting policy framework across STAT and GAAP.
  • Provide technical guidance on GAAP topics—including LDTI, DAC, reinsurance accounting, and complex product or investment structures.
  • Draft technical memos, issue analyses, and documentation to support internal controls, audit readiness, and regulatory submissions; moreover, ensure all materials meet a defensible, high-quality standard.

• Cross-Functional Leadership & Governance

  • Partner with Finance, Actuarial, Product, Operations, Investments, Legal, and senior leadership to ensure aligned and compliant accounting practices.
  • Strengthen financial reporting controls and enhance documentation and governance processes; additionally, promote continuous improvement.
  • Support capital planning, financial modeling, and strategic initiatives by providing technical accounting insights and scenario analysis.

Qualifications

• Bachelor's degree in Accounting or Finance; CPA required.
• 10+ years of technical accounting experience at a life/annuity insurance carrier, reinsurer, or insurance-focused public accounting firm.
• Deep expertise in SSAP, NAIC Blue Book reporting, RBC, and statutory accounting for life/annuity products.
• Significant experience with reinsurance accounting, including coinsurance, mod-co, and funds-withheld structures.
• Strong knowledge of asset admissibility rules and investment accounting under SSAP.
• Proven experience advising on transaction structuring and evaluating financial, accounting, and capital implications.
• Strong command of GAAP principles affecting annuity products, including LDTI.
• Demonstrated ability to write clear, defensible technical memos and communicate complex guidance to non-accountants.
• Experience leading discussions with auditors and regulators.
• High judgment, analytical rigor, and the ability to operate independently in a fast-paced environment.

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