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VP, Statutory Reporting

Description
Position Summary
A senior finance position primarily responsible for the preparation, accuracy, and timeliness of the US Insurance & Reinsurance quarterly and annual statutory financial statements for two insurance companies (both Aspen America Insurance Company and Aspen Specialty Insurance Company - combined 1.5B in premium). This critical position is the subject matter expert and responsible for the maintaining and closing of the statutory books, managing staffing needs and keeping abreast of regulatory changes that could affect the company's financial reporting. The position will propose and manage continuous improvement in accounting and reporting policies and systems along with internal controls to facilitate accurate, efficient and timely reporting. It will also assist with ongoing compliance activities to enable state licensing and filings to be completed, capital modelling and results analysis, and coordinate/ ensure that our accounting policy is in compliance with state requirements.
Essential Functions
Preparation, review, and file quarterly and annual Statutory filings and other required filings.
Serve as primary contact point for state regulators and promptly and accurately respond to all requests.
Coordinate efforts with internal groups and external groups to facilitate and gather financial and non-financial information for the use in state filings
Manage the quarterly closing process; process GAAP to Stat entries
Perform detail balance sheet review and analysis as well as composition and variance analysis of individual balance sheet accounts
Prepare cash flow, capital projections and Risk Based Capital for Sr. management; monitor status and communicate capital needs
Analyze statutory financial results and communicate material changes to Sr. Management
Research impact on the statutory financial statements and supporting schedules of pending and issued accounting and compliance requirements.
Establish quarterly financial reporting calendar and communicate deadlines to internal/external audiences
Ensure compliance with Model Audit Rule and Sarbanes -Oxley Section 404 key controls
Primary liaison with external auditors and tax advisors
Non-essential Functions
Act in accordance with and be an advocate for the Aspen Spirit.
Participate and undertake applicable professional, technical and career development training (delivered internally and externally) to include attainment of associated qualifications where required.
Ensure company, market and client related documentation is issued (internally and externally) accurately and on time where applicable.
Comply with external and internal regulatory and statutory policies, procedures and regulations.
Operate as an effective team member by supporting colleagues and contributing in the delivery and achievement of overall team and business objectives.
Liaise with relevant and associated areas and groups within the business process to establish, support and maintain business relationships and organizational effectiveness.
Undertake any other duties of a similar nature that the company reasonably requests to be performed that are within the expertise and skills of the jobholder.
Education / Experience
Degree in Finance preferred
Years of experience: 7-10 with a P&C company
Primary interaction: Actuarial, Legal, US Corporate Controller, Head of Tax and FP&A.
Skills (Minimum Requirements)
Strong technical accounting background and solid working experience with Statutory software packages, such as Booke or Wings
Extensive familiarity with internal accounting controls and objectives; SOX implementation experience a plus
Ability to handle multiple tasks concurrently; hand's on manager
Demonstrated effective supervision and leadership of accounting staff
Excellent written, verbal, analytical skills
Proficient with MS Office products, including MS Excel, and MS Access. Relational database experience (i.e. SQL, Business Objects, TMI, Cogno's)


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