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Trean Corporation · 3 weeks ago

Assistant Divisional Controller - Statutory

Wayzata, MN

Full-time

Onsite

Senior Level, Lead/Staff

$125K/yr - $145K/yr

10+ years exp

Trean Corporation is seeking an Assistant Divisional Controller for their statutory division. This role involves managing financial resources in compliance with laws and regulations, preparing statutory financial statements, and collaborating with various teams to ensure accuracy in reporting and audits.

ConsultingFinancial ServicesInsurance

Hiring Manager

Cale Weiler

Responsibilities

Assist in the preparation and submission of quarterly and annual statutory financial statements in accordance with NAIC and state insurance department requirements

Support the statutory close process, including journal entries, account reconciliations, and variance analysis

Collaborate with actuarial, tax, and legal teams to ensure completeness and accuracy of statutory filings

Maintain documentation and schedules to support statutory audits and regulatory examinations

Monitor changes in statutory accounting principles (SAP) and assess their impact on financial reporting

Assist in the preparation of management reports and dashboards related to statutory financial performance

Participate in the development and implementation of process improvements and automation initiatives

Ensure compliance with internal controls and company policies related to statutory reporting

Provide support for ad hoc projects, including mergers and acquisitions, system implementations, and regulatory inquiries

Assists in the preparation of internal financial statements and statutory statement filing

Assists in the ledger management of new entity acquisitions and org chart changes as well as new partner programs

Assists in identifying manual processes for automation to improve efficiency. Identify process improvement opportunities, including those related to automation using available technologies

Assists in the design, documentation and implementation of processes and controls including key program metrics

Refines and manages the control process ensuring all significant balance sheet and income statement accounts are reconciled and thoroughly reviewed

Is responsible for all compliance associated with ASC 606 revenue recognition rules and new accounting guidance

Performs review of other staff accountants work as needed including funding and actuarial exhibits

Assists in reviewing employee expense report and corporate expense approval and processing

Manages the annual audit process and works closely with external auditors and state regulators to complete exams

Manages the statutory preparation and filing process

Collaborates with other accounting team members and the broader accounting team on project goals

Assists in managing banking relationships and assists in security setup

Maintains professional and technical knowledge by attending educational workshops, reviewing professional publications, participating in professional societies

Mentors accounting staff and business users on Microsoft GP, Prospero, Wings, Eolas-Data Reporting and accounting concepts, techniques, technology and processes

Performs other activities, duties and assignments as needed or requested

Qualification

Statutory reporting softwareGeneral ledger packageInsurance industry knowledgeCPAAdvanced Excel skillsMicrosoft OfficeCommunication skillsAttention to detailProblem-solving skillsTeam collaboration