Director, Regulatory Accounting and Reporting

Leads the regulatory accounting, reporting, and compliance functions for assigned LOB. Supports projects and other strategic initiatives across assigned LOB entities domestically and internationally for reinsurance arrangements, including acquisitions and joint ventures. Works closely with the executive team in Financial and Global Accounting, Risk and Compliance.

Responsible for following applicable accounting and reporting guidance, and government and industry regulatory requirements that can withstand scrutiny and challenge; this includes accounting for transactions that meet Statutory Accounting Principles, preparing financial Management and Discussion Analysis and ensuring policies and procedures are followed specific to the NAIC’s Model Audit Rule (MAR)

Directs and provides feedback regarding the preparation and review of regulatory financial statements filed with states’ insurance departments and the NAIC for assigned LOB

Acts as the main point of contact for insurance regulators and ensures timely, accurate reporting of accounting and analysis results

Directs activities and is the main point of contact for insurance department examinations and external annual audits

Prepares risk assessment and analysis for assigned LOB for annual risk and solvency assessment required by state insurance departments

Facilitates collaboration across various functional areas to gather the necessary data and ensure compliance with dynamic regulatory requirements

Directs activities, prepares analysis, participates in annual presentation, and acts as key point of contact for AM Best during annual financial rating process

Develops and prepares premium deficiency analysis to determine impact to financial results for assigned LOB, as well as rate determination

Directs and oversees activities required to meet state regulatory compliance in the areas of rate filings, unclaimed property, fee and guaranty assessments

Develops innovative ideas and strategies to streamline reporting and disseminates information while considering both external factors (e.g. market, financial, industry) and internal factors (e.g. financial strategies and processes)

Monitors and implements internal controls and new accounting guidance to ensure proper compliance and protection of company’s interests

Assesses the impact of new regulatory guidance and implement necessary procedural adjustments to ensure compliance

Works closely with Legal and International Vision Care to assure international vision care arrangements meet domestic requirements to assume risk from operations

Job Specifications

Typically has the following skills or abilities:

Bachelor’s degree in related field or equivalent experience; Minimum of 2 additional years of experience related to functional area

Minimum of 6 years of management experience with responsibilities for hiring, training, assigning work, and managing performance of direct reports

Strong interpersonal skills are required in dealing effectively with business partners, staff, outside auditors, and vendors

Demonstrated experience in working with and influencing senior management

Excellent project management skills and experience managing multiple large projects required

Expert knowledge of Generally Accepted Accounting Principles (GAAP), Statutory Accounting Principles (SAP), and the NAIC’s Model Audit Rule (MAR) to propose technical guidance and ensure adherence to regulatory standards

Superior analytical skills

Proven track record of influencing constituents for optimal results

Excellent organizational skills, detail-oriented, and ability to multitask

Ability to elevate the perception of our corporate brand and our company

Flexible and able to quickly and effectively change priorities and direction

Excellent verbal and written communication skills

Excellent organizational and planning skills

Clean credit history as reported by credit report

#LI-VISIONCARE

Compensation range for the role is listed below. Applicable salary ranges may differ across markets. Actual pay will be determined based on experience and other job-related factors permitted by law. As a part of the compensation package, this role may include eligible bonuses and commissions. For more information regarding VSP Vision benefits, please click here