Director, Regulatory Accounting and Reporting
Posted 2025-04-22Leads 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. Salary Ranges: $105,000.00 - $165,375.00 VSP Vision is an equal opportunity employer and gives consideration for employment to qualified applicants without regard to age, gender, race, color, religion, sex, national origin, gender identity, sexual orientation, disability or protected veteran status. We maintain a drug-free workplace and perform pre-employment substance abuse testing. Notice to Candidates: Fraud Alert - Fake Job Opportunity Solicitations Used to Collect Fees/Personal Information. We have been made aware that fake job opportunities are being offered by individuals posing as VSP Vision and affiliate recruiters. Click here to learn about our application process and what to watch for regarding false job opportunities. As a regular part of doing business,?VSP?Vision (?VSP?)?collects many different types of?personal information, including protected health information, about our?audiences, including?members, doctors,?clients, brokers, business partners,?and?employees.? VSP Vision employees will have access to this sensitive personal information and are subject to follow Information Security and Privacy Policies. Why VSP Vision? When you become a VSPeep, you join a group of thinkers, doers, adventurers, risk-takers, and boundary pushers who think outside the peripheral to develop products, programs, and services that help create a world where everyone can bring their best vision to life. Our goal to be a diverse, equitable, and inclusive company isn't a fixed destination but rather a constant endeavor to learn, grow, and drive positive change. We strive continually to enhance the lives of each of our employees, members, stakeholders, and communities. Join the power of our purpose and check out job opportunities with VSP Vision and its strategic businesses, including: VSP Vision Care, Marchon Eyewear, Altair Eyewear, VSP Optics, Eyefinity EHR, VSP Retail, VSP Ventures, and Eyes of Hope (our charitable giving platform).
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