Senior Analyst - Life & Annuity STAT Reporting
Role Overview
Our client is seeking a Life & Annuity STAT Reporting Senior Analyst to support and execute statutory close and reporting activities for Life & Annuity legal entities within a complex insurance organization. This role is heavily focused on day-to-day statutory accounting execution, regulatory compliance, and high-quality financial reporting, with opportunities to contribute to process improvements over time.
The Senior Analyst will play a critical role in preparing and analyzing statutory financial results, supporting regulatory filings, and partnering closely with Actuarial, Investments, FP&A, and Corporate Accounting to ensure accurate, timely, and well-controlled STAT reporting. This role is well suited for a strong statutory practitioner who enjoys hands-on ownership, technical depth, and operating within a structured close environment.
Key Responsibilities
STAT Financial Reporting & Close
- Support monthly and quarterly STAT close and reporting processes for Life & Annuity legal entities.
- Prepare NAIC statutory financial statements, schedules, footnotes, and supporting workpapers.
- Analyze and reconcile STAT balances related to reserves, DAC, reinsurance, investments, surplus, and capital.
- Perform variance analysis and document key drivers of period-over-period movements.
- Coordinate inputs and dependencies across Accounting, Actuarial, Investments, and FP&A to meet close timelines.
Regulatory & Technical Accounting
- Apply NAIC statutory accounting guidance (SSAPs) and state-specific regulatory requirements in day-to-day reporting.
- Partner with Actuarial to understand reserve movements, assumption updates, and statutory impacts.
- Support regulatory filings, state DOI inquiries, and external audit requests.
- Assist with assessing and implementing new or updated statutory guidance.
Controls, Governance & Audit
- Execute SOX / Model Audit Rule (MAR) controls related to statutory reporting.
- Prepare audit-ready documentation, reconciliations, and supporting analyses.
- Respond to internal and external audit requests and support issue remediation efforts.
- Maintain clear documentation of processes, assumptions, and key judgments.
Reporting Effectiveness & Process Improvement
- Identify opportunities to streamline reporting activities, reduce manual adjustments, and improve data accuracy.
- Support incremental improvements to close processes, reconciliations, and reporting workflows.
- Provide input on system enhancements or reporting tools used in statutory reporting.
Cross-Functional Collaboration
- Work closely with Statutory Accounting, Actuarial, Investments, FP&A, and Corporate Finance partners.
- Communicate statutory results, issues, and analyses clearly to both technical and non-technical stakeholders.
- Support broader finance initiatives by providing statutory data and insights as needed.
Required Qualifications
- 5-8+ years of experience in statutory accounting or financial reporting within Life & Annuity insurance.
- Solid working knowledge of NAIC statutory accounting principles (SSAPs) and Life & Annuity products.
- Experience supporting STAT close processes and regulatory filings.
- Familiarity with operating in a SOX / Model Audit Rule (MAR) environment.
- Strong analytical skills, attention to detail, and ability to manage competing deadlines.
Preferred Qualifications
- Bachelor's degree in Accounting, Finance, or related field; CPA preferred.
- Experience with statutory reporting and close tools (e.g., Workiva, Oracle Financials, SAP, PeopleSoft).
- Experience partnering with Actuarial and Investment Accounting teams.
- Exposure to multi-entity or complex Life & Annuity organizations.
- Interest in process improvement and reporting efficiency initiatives.
About Korn Ferry
Korn Ferry unleashes potential in people, teams, and organizations. We work with our clients to design optimal organization structures, roles, and responsibilities. We help them hire the right people and advise them on how to reward and motivate their workforce while developing professionals as they navigate and advance their careers. To learn more, please visit Korn Ferry at www.Kornferry.com
