Senior Statutory Accountant

Job Description

Job Description

Pay Range: $32.00hr - $45.00hr

Job Overview:

Reporting to the Regulatory Reporting Manager, this role is responsible for ensuring compliance with statutory accounting principles (SAP), preparing regulatory reporting statements, and maintaining accurate financial records in line with insurance industry standards. The Senior Statutory Accountant plays a key role in preparing monthly GAAP and STAT journal entries, statutory financial statements, and supporting audits and regulatory filings. This role requires a strong understanding of statutory accounting within the health insurance industry, along with the ability to analyze financial data, ensure compliance, and collaborate across teams.

Responsibilities:

• Prepare monthly, quarterly, and annual Statutory financial statements to ensure timely and accurate presentation to the NAIC and the appropriate state regulatory authorities (Health Statement).
• Prepare all supplemental filings that accompany the quarterly and annual Statutory financial statements as required by the appropriate state regulatory authorities.
• Work closely with external auditors and regulators to support audits and resolve inquiries.
• Analyze financial data and prepare internal reporting packages for management review.
• Support finance functions such as premium tax, treasury, and general ledger accounting.
• Perform account reconciliations, variance analysis, and recommend corrective actions to ensure financial accuracy.
• Collaborate with cross-functional teams to improve financial processes and resolve discrepancies.

Skills Required:

• Bachelor's degree in Accounting, Finance, or a related field.
• 5+ years of experience in statutory accounting within the health insurance industry.
• Strong knowledge of statutory accounting principles (SAP) and NAIC reporting requirements.
• Excellent analytical skills, attention to detail, and ability to manage multiple priorities.
• Strong verbal and written communication skills to work effectively with internal teams and external stakeholders.
• Ability to work independently, solve complex accounting issues, and drive process improvements.

Benefits:

Our Benefits Include:

• Medical, Dental, and Vision Insurance
• 401(k) Retirement Plan
• Health Savings Account (HSA)
• Disability Insurance (Short-Term and Long-Term)
• Life and AD&D Insurance
• Paid Sick Leave (where required by applicable state or local law)
• Supplemental Insurance Plans
• Identity Theft Protection
• Pet Insurance
• Employee Wellness Programs
• Employee Assistance Program (EAP)
• Career Growth and Professional Development Opportunities

Disclaimer : Benefits eligibility, accrual rates, and usage limits may vary based on employment status, length of service, and work location. Paid Sick Leave is provided in strict accordance with applicable state and municipal mandates. Cynet Systems Inc. reserves the right to modify, amend, or terminate any benefit plans at any time in accordance with applicable laws.

About Cynet Systems

Founded in 2010 and headquartered in the Washington, DC metro area, Cynet Systems Inc. is a leading technology staffing and workforce solutions company serving Fortune 500 companies, government agencies, and enterprise organizations across the United States and Canada. We deliver agile, scalable talent solutions across IT, engineering, life sciences, clinical, and professional staffing, powered by a high-performing recruitment engine operating across North America and Asia.

As a nationally and locally certified Minority Business Enterprise (MBE), Cynet Systems is committed to helping organizations build high-performing teams while empowering professionals to grow rewarding careers. Our organization is certified to ISO 9001, ISO 14001, ISO 27001, and SOC 2 Type II standards, reflecting our commitment to quality, security, operational excellence, and customer success.