Senior Manager, Statutory Accounting

Summary

Join Clover Health's Finance team as a Senior Manager of Statutory Accounting, leading NAIC filings and regulatory reporting for Medicare Advantage plans. Oversee quarterly and annual statements, manage statutory close processes, and integrate GAAP-to-SAP financial reporting. Implement process improvements, collaborate with Treasury, provide technical guidance to staff, manage audits, and identify automation opportunities. Drive special projects and ensure compliance with statutory accounting principles and CMS requirements. Success involves timely and accurate filings, process improvements, and a successful GAAP-to-SAP transition. The ideal candidate possesses 8-12 years of accounting experience, a CPA designation, and expertise in statutory accounting principles (SAP) and GAAP.

Requirements

• You have 8-12 years of accounting experience, with a strong emphasis on statutory accounting in a regulated insurance environment, preferably within a Medicare Advantage plan
• You have a CPA designation and expertise in statutory accounting principles (SAP) and GAAP
• You have demonstrated experience leading statutory reporting functions, including NAIC reporting and CMS regulatory filings
• You have experience managing cross-functional projects and implementing process improvements to streamline financial reporting processes
• You possess exceptional analytical skills and the ability to translate complex financial data into actionable insights for senior leadership
• You are adept at working with financial systems such as Sage Intacct or similar ERP systems, and have advanced proficiency in Excel and data analysis tools
• You have strong communication and leadership skills, with a proven ability to influence cross-functional stakeholders and mentor the senior accountant

Responsibilities

• Oversee NAIC Quarterly and Annual Statements, ensuring timely and accurate reporting to regulatory bodies
• Manage statutory close processes, maintaining accurate and complete financial statements and filings
• Lead GAAP-to-SAP financial reporting integration, ensuring alignment with stakeholders
• Implement scalable process improvements to enhance statutory reporting accuracy and compliance
• Collaborate with Treasury on RBC calculations and strategic transactions
• Provide technical guidance to accounting staff, building statutory expertise and succession depth
• Manage audits and regulatory inquiries, maintaining compliance with statutory accounting principles
• Identify automation opportunities to optimize statutory reporting processes
• Develop and document key controls for regulatory compliance and internal policy adherence
• Drive special projects related to statutory accounting and financial reporting

Preferred Qualifications

• Accurate and timely completion of statutory filings, achieving zero late submissions or material audit findings within the first 90 days
• Implementation of process improvements that reduce the statutory close cycle by 15% within the first 6 months
• Successful transition of GAAP-to-SAP reporting framework, evidenced by clean audit findings and improved regulatory communication within the first 12 months

Benefits

• Competitive base salary and equity opportunities
• Performance-based bonus program
• 401k matching
• Regular compensation reviews
• Comprehensive medical, dental, and vision coverage
• No-Meeting Fridays
• Monthly company holidays
• Access to mental health resources
• A generous flexible time-off policy
• Remote-first culture
• Learning programs
• Mentorship
• Professional development funding
• Regular performance feedback and reviews
• Employee Stock Purchase Plan (ESPP) offering discounted equity opportunities
• Reimbursement for office setup expenses
• Monthly cell phone & internet stipend
• Paid parental leave for all new parents