Insurance Technical Statutory Accounting Controller

Role Description

This role is with Employers Reassurance Corporation (ERAC), a reinsurance company and corporate holding of GE Aerospace. ERAC supports long‑duration insurance products, including long‑term care insurance, structured settlement annuities, life insurance, and other insurance solutions.

The position serves as a key insurance statutory accounting advisor and subject‑matter expert, providing leadership on Statutory Accounting Principles (SAP) issued by the National Association of Insurance Commissioners (NAIC), as well as applicable state laws, regulations, and administrative guidance. The role may also support select U.S. GAAP insurance accounting matters, as needed.

This position reports directly to the ERAC Chief Accounting Officer.

Qualifications

• Certified Public Accountant designation
• Minimum 8 years of direct insurance SAP experience
• Bachelor's degree in accounting or finance

Requirements

• Serve as subject matter expert on insurance SAP, including interpretations and application of the NAIC guidance
• Monitor and analyze emerging regulatory developments from the NAIC and other governing bodies; assess impact and drive implementation of new guidance
• Participate in and represent ERAC at various NAIC meetings and industry forums
• Communicate complex technical accounting issues simply and clearly to senior leadership and cross-functional stakeholders, including actuarial, finance, investment and operational team members, among others, and regulators
• Lead preparation and review of statutory financial statements, including annual and quarterly filings (Blue Books), and risk-based capital calculations, reporting and related analysis
• Contribute to ensuring ongoing compliance with the NAIC’s Principles-Based Bond Definition framework
• Support financial reporting processes, ensuring accuracy, completeness, and timeliness
• Strengthen and maintain internal controls over financial reporting, including SOX and Model Audit Rule
• Collaborate with internal and external auditors to support audits and regulatory examinations

Benefits

• Healthcare benefits including medical, dental, vision, and prescription drug coverage
• Access to a Health Coach from GE Aerospace
• Employee Assistance Program providing 24/7 confidential assessment, counseling and referral services
• Retirement benefits including the GE Aerospace Retirement Savings Plan and a 401(k) savings plan with company matching contributions
• Access to Fidelity resources and planning consultants
• Tuition assistance
• Adoption assistance
• Paid parental leave
• Disability insurance
• Life insurance
• Paid time-off for vacation or illness