Head of Financial & Regulatory Reporting Teams

Head of Financial & Regulatory Reporting Teams Location: Lincoln, NE or New York City, NY Travel: Up to 25% Position Overview A premier, rapidly growing insurance and annuity organization is seeking a Head of Financial & Regulatory Reporting Teams to lead its accounting, financial reporting, and regulatory reporting functions across multiple insurance, reinsurance, and holding company entities. This senior finance leadership role will oversee financial reporting across Statutory (STAT), U.S. GAAP, tax, cash, and accrual accounting bases while leading multiple accounting and reporting teams. The successful candidate will play a critical role in strengthening the organization’s close and reporting processes, internal controls, financial systems, and overall finance infrastructure. This individual will serve as a key partner to executive leadership and work directly with auditors, regulators, rating agencies, consultants, and board-level stakeholders. Key Responsibilities Financial & Regulatory Reporting Lead and continuously improve monthly, quarterly, and annual close processes across STAT, GAAP, tax, cash, and accrual reporting. Oversee preparation of consolidated statutory, GAAP, reinsurance, captive, and management financial reports. Ensure accurate and timely financial statements, regulatory filings, reconciliations, and management reporting. Maintain compliance with NAIC Statutory Accounting Principles, U.S. GAAP, FASB guidance, applicable state regulations, reinsurance treaties, loan covenants, and contractual requirements . Develop meaningful KPIs, variance analyses, financial analytics, and reporting packages for executive management, the Audit Committee, Board of Directors, rating agencies, and other stakeholders. Partner with FP&A to connect actual financial performance with budgets, forecasts, and strategic plans. Analyze financial results across insurance, reinsurance, and holding company entities to identify trends, risks, and opportunities. Multi-Entity & Reinsurance Accounting Oversee accounting across cash, accrual, statutory, GAAP, and tax bases by entity, product, and treaty structure. Provide oversight of complex annuity reinsurance structures, including MODCO, Coinsurance Funds Withheld, and Trust arrangements . Manage intercompany eliminations, allocations, consolidations, minority-interest accounting, and reinsurance settlements. Lead the development and enhancement of Monthly Operating Reports and Quarterly Management Reports. Facilitate earnings and surplus review meetings with internal and external stakeholders. Support future-state chart of accounts design aligned with statutory and management reporting requirements. Close Management Direct month-end, quarter-end, and year-end close activities. Review journal entries, reconciliations, accruals, and supporting schedules. Maintain close calendars, reporting schedules, and key deliverable timelines. Drive the organization toward a more efficient and disciplined hard-close environment. Internal Controls & Compliance Design, implement, monitor, and continuously improve internal controls over financial reporting. Strengthen preventive, detective, and corrective controls while reducing reliance on manual processes. Coordinate external audits and regulatory examinations, including documentation, issue resolution, and follow-up. Ensure compliance with accounting standards, tax requirements, regulatory expectations, and internal policies. Help define and execute the future-state financial reporting, data, analytics, and technology strategy. Lead implementation and optimization of Oracle General Ledger, EPM, ARCS, FCCS, Fixed Assets, Accounts Payable, revenue recognition, and reconciliation processes . Redesign and enhance Oracle Account Reconciliation Cloud Service (ARCS), including reconciliation quality, aging analysis, certification, and policy compliance. Partner on enterprise data and reporting strategies, including Databricks integration and data warehouse initiatives. Identify opportunities for automation, process improvement, standardization, and operating efficiencies. Ensure financial systems and processes can scale effectively with continued organizational growth. Leadership & Talent Development Lead, mentor, and develop accounting and financial reporting professionals across multiple teams and locations. Establish clear performance metrics, goals, and accountability standards. Provide coaching, training, succession planning, and performance management. Foster a collaborative, high-performance culture across the organization. Partner with external advisors and consultants on tax, capital management, and financial reporting initiatives. Policy & Procedure Management Maintain enterprise-wide STAT, GAAP, and tax accounting policies. Develop and enhance SOPs, desktop procedures, and documentation for key accounting and reporting processes. Drive consistency and standardization across entities and business units. Serve as a technical accounting resource for complex insurance, annuity, reinsurance, investment, and multi-entity accounting matters. Strategic Business Partnership Serve as a trusted advisor to the CFO, Controller, FP&A, Investments, and executive leadership. Support Audit Committee, Board, rating agency, capital planning, and strategic growth initiatives. Provide actionable financial insights and decision support. Partner closely with Operations, Treasury, FP&A, Legal, Compliance, Investment Operations, and Reinsurance teams. Communicate complex financial information effectively to financial and non-financial stakeholders. Qualifications Education & Certifications Bachelor's degree in Accounting, Finance, or a related field required. MBA preferred. CPA, CGMA, or CMA designation required. Experience 10+ years of progressive accounting and financial reporting experience. Insurance industry experience required , including STAT, GAAP, retail annuities, and reinsurance. 2–5 years of Big Four public accounting and/or annuity carrier experience strongly preferred. Minimum of 3 years of leadership experience managing accounting teams in a multi-entity environment. Experience with consolidations, intercompany accounting, tax reporting, and complex financial structures preferred. Prior ERP and financial reporting systems experience required. Oracle and Databricks experience strongly preferred. Deep understanding of statutory accounting, U.S. GAAP, tax reporting, insurance accounting, and annuity reinsurance . Knowledge of MODCO, Coinsurance Funds Withheld, and Trust arrangements. Strong leadership and team-development capabilities. Excellent analytical, organizational, and problem-solving skills. Experience with finance transformations, system implementations, and process automation. Strong communication and executive-level presentation skills. Ability to operate effectively in a fast-paced, deadline-driven environment. Proficiency with Microsoft Excel, Oracle ERP/EPM, SmartView, Databricks, and advanced Excel functions. High degree of initiative, accountability, professionalism, and attention to detail. Additional Requirements Ability to travel up to 25% as needed. Regular and reliable attendance. Ability to manage multiple priorities and collaborate across locations and organizational levels. This is a high-impact leadership opportunity to shape the future of financial and regulatory reporting within a rapidly growing insurance and annuity organization . The role will have significant influence over accounting operations, financial systems, controls, reporting strategy, team development, and enterprise-wide finance transformation. #J-18808-Ljbffr Bernard Nickels & Associates