Controller- Statutory Accounting

Position: Controller – Statutory Accounting Job Type: Contract / Permanent About R Systems R Systems is a leading digital product engineering company that designs and develops chip-to-cloud software products, platforms, and digital experiences that empower its clients to achieve higher revenues and operational efficiency. Our product mindset and engineering capabilities in Cloud, Data, AI, and CX enable us to serve key players in the high‑tech industry, including ISVs, SaaS, and Internet companies, as well as product companies in telecom, media, finance, manufacturing, and health verticals. We are Great Place to Work certified in 10 countries with a full‑time workforce in India, USA, Canada, Poland, Romania, Moldova, Indonesia, Singapore, Malaysia & Thailand. We are recognized as one of the Best Tech Brands 2024 by the Times Group and India's Top 500 Value Creators 2023 by Dun & Bradstreet. Position Summary The Controller will serve as the client’s head of financial reporting and internal accounting, with primary responsibility for statutory financial reporting, TDI filing management, and day‑to‑day financial controls. The role will oversee outside accounting firms and other external financial advisors. The controller will work alongside those firms during the transaction transition and assume primary ownership as the engagement winds down. The role reports to the CFO and works closely with the Staff Actuary and outside audit and tax advisors. This is a foundational finance role in a startup insurer. The Controller will be responsible for accurate financial reporting and for building the accounting infrastructure, internal controls, and financial process documentation that will support the company’s growth and TDI examination readiness. Key Responsibilities Prepare and file TDI quarterly and annual statutory financial statements in accordance with NAIC Statutory Accounting Principles (SAP). Maintain the general ledger and chart of accounts using NetSuite, the company’s selected ERP platform. Coordinate with the outside statutory accounting firm during the initial engagement period and manage the transition to full internal ownership. Prepare GAAP/STAT reconciliations and support the annual financial audit. Manage premium tax filings and coordinate on federal income tax compliance for insurance companies. Establish and maintain internal accounting controls, policies, and procedures appropriate for a TDI‑regulated insurer. Support the preparation of financial projections, management reporting, and Board financial presentations. Coordinate with the Staff Actuary on reserve entries, actuarial adjustments, and the statutory balance sheet. Manage accounts payable and receivable processes, including commission settlements with distribution partners. Support TDI financial examinations and respond to regulatory inquiries related to financial reporting. Monitor NAIC SAP updates and TDI guidance and ensure timely adoption of applicable accounting changes. Qualifications CPA required. 5–10 years of accounting experience; statutory accounting (SAP) for life and annuity insurers required. Direct experience preparing or overseeing TDI or comparable state insurance department financial statement filings. Familiarity with NAIC annual statement filing requirements and statutory accounting for fixed annuity products. Experience with NetSuite or comparable cloud‑based ERP platform preferred. Working knowledge of GAAP/STAT differences applicable to life insurers. Strong attention to detail and demonstrated experience building and maintaining internal financial controls in a regulated environment. Experience working with external auditors and tax advisors in an insurance company context. Benefits Frequent Internal Hackathons. Cultural Celebrations. Diverse Project Exposure across healthcare, banking, e‑commerce, and retail. Centre of Excellence (COE) providing technical guidance and upskilling opportunities. E‑Learning platform and robust mentorship program. Open Door Policy promoting mutual support, respect, and open dialogue. We value passion and enthusiasm for working in a fast‑paced, innovative environment. If that sounds like you, we would love to hear from you! R Systems is an equal‑opportunity employer that does not discriminate against any employee or job applicant because of race, color, religion, national origin, sex, physical or mental disability, age, or any other characteristic protected by law. We strive to build a team that reflects the diverse communities we serve and actively encourage applications from individuals of all backgrounds and experiences. Our commitment to equal opportunity extends to all aspects of employment, including recruitment, hiring, training, promotion, and benefits. #J-18808-Ljbffr R Systems