Manager, Statutory and Regulatory Reporting

Reports To: AVP, Financial Reporting Department: AccountingLocation/Schedule: Hybrid – Chicago, ILClassification: Full-Time / ExemptWho We Are:Old Republic is a leading specialty insurer that operates diverse property & casualty and title insurance companies. Founded in 1923 and a member of the Fortune 500, we are a leader in underwriting and risk management services for business partners across the United States and Canada. Our specialized operating companies are experts in their fields, enabling us to provide tailored solutions that set us apart.Position Overview:The Manager, Statutory and Regulatory Reporting is responsible for leading the preparation, analysis, and filing of statutory financial statements in compliance with NAIC and state insurance department requirements, as well as overseeing the preparation, review, and timely submission of required government statistical and financial reporting filings, including Bureau of Economic Analysis (BEA) surveys and U.S. Census Bureau reports. This role ensures accurate and timely reporting across legal entities, supports statutory audits, and partners closely with Finance,Actuarial, Investments, Human Resources, and Regulatory teams. The position plays a key role in interpreting statutory accounting principles (SAP) and communicating results to senior leadership and regulators. Essential Job Functions:Ensure compliance with NAIC Statutory Accounting Principles (SAP) and state-specific filing requirements.Coordinate timely filings with state regulators, including all required supplements and exhibits.Coordinate annual audits of statutory financial statements.Oversee the preparation of statutory disclosures, interrogatories, and supporting documentation.Analyze group capital positions and explain key drivers of changes in available capital and capital requirements.Ensure consistency between GCC filings, risk-based capital (RBC) submissions,statutory financial statements, and holding company reports.Monitor NAIC guidance and evolving regulatory requirements related to group capital assessment.Support regulatory examinations and inquiries, including those related to GCC reportingand group solvency assessments.Support the investment accounting team with statutory valuation and reporting of bond, equity, and other investments.Support the reinsurance accounting team, including ceded/assumed balances and Schedule F reporting.Serve as primary liaison for statutory external audits and coordinate deliverables withauditors.Support state insurance department exams and inquiries.Ensure robust documentation and audit trails are maintained for all filings.Maintain strong controls over statutory reporting processes, aligned with SOX/MAR where applicable.Identify opportunities to enhance efficiency, including use of automation, reporting tools, and data standardization.Lead or support system implementations and upgrades impacting statutory reporting.Interpret and support the application of NAIC guidance, Statement of StatutoryAccounting Principles (SSAPs), and statutory updates, including new pronouncementsand emerging issues.Evaluate complex transactions (e.g. reinsurance arrangements, investments, surplusnotes) for proper statutory accounting treatment.Partner with Corporate Accounting on identifying, evaluating, and reconciling GAAP vs.SAP differences.Oversee the preparation, review, and timely submission of required governmentstatistical and financial reporting filings, including Bureau of Economic Analysis (BEA)surveys and U.S. Census Bureau reports.Coordinate data collection across Finance, Investments, Treasury, Human Resources,and other business functions to support accurate and complete government filings.Monitor reporting requirements and regulatory changes affecting BEA and U.S. Censussubmissions, ensuring ongoing compliance with federal reporting obligations.Establish and maintain documentation, controls, and procedures supporting theaccuracy and completeness of government reporting processes.Serve as the primary contact for internal and external inquiries related to governmentstatistical reporting requirements.Identify opportunities to automate and streamline data gathering and reportingprocesses to improve efficiency and reduce reporting risk.Support management in assessing the impact of organizational changes, acquisitions,divestitures, and new business activities on government reporting requirements.Qualifications:Bachelor’s degree in Accounting, Finance, or related field (CPA required).8+ years of experience in insurance accounting/reporting; statutory reporting experience required.Experience in P&C insurance (multi-entity experience preferred).Deep knowledge of NAIC SAP, SSAPs, and statutory financial statement preparation.Insurance reserves and actuarial estimates, Investment accounting (statutory valuations), Reinsurance accounting and disclosures, Risk-Based Capital (RBC) framework (preferred)Experience with ERP systems and reporting tools (e.g., Sovos/Wings, Workiva Insurance Reporting).Proven ability to lead reporting processes and manage cross-functional deliverables.Strong analytical and problem-solving skills with attention to detail.Excellent communication skills, including ability to present to senior leadership.Ability to manage multiple deadlines in a fast-paced regulatory environment.Preferred Qualifications: Experience with NAIC filings.Exposure to Model Audit Rule (MAR) and/or SOX environments.Prior experience managing or mentoring team members.ORI is an Equal Opportunity Employer. ORI provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.