Senior Accountant (Statutory)

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Requirements:

• 5+ years of relevant accounting or finance experience, preferably in the insurance industry.
• 2+ years of experience in SAP Statutory health plan accounting, preferably Medicare Advantage.
• A Bachelor's Degree in Accounting, Master’s Degree preferred.
• Proficient in financial management software (e.g., Intacct) and having advanced skills in Microsoft Office and Google Suite.

Responsibilities:

• Independently prepare the quarterly and annual statutory financial statements and review package in accordance with regulatory guidelines.
• Ensure adherence to Statutory Accounting Principles (SAP) and regulatory standards, including NAIC requirements.
• Assist with complex calculations related to Medicare Advantage plans such as Risked Based Capital (RBC), Medical Loss Ratio (MLR), Quality Improvement Expenses (QI), and Claims Adjustment Expenses (CAE).
• Coordinate with external auditors to facilitate the annual audit of statutory financial statements.
• Analyze financial data and prepare variance explanations and financial reports for management review.
• Collaborate effectively with various Clover departments such as actuarial, FP&A (Financial Planning & Analysis), treasury, compliance, and legal to ensure accurate and timely reporting.
• Stay updated on regulatory changes and industry developments affecting statutory accounting and reporting.