Prosperity Life

Senior Accountant, Statutory Financial Reporting

Prosperity Life  •  $90k - $110k/yr  •  New York City, NY (Hybrid)  •  21 days ago
Apply
AI can make mistakes so check important info. Chat history is never stored.

Job Description

About Us:
We’re a fast-growing, privately held insurance company on a path to become a leading U.S. retail platform. We believe every client and customer relationship holds the potential to grow into something greater—and the same is true for our people. As we grow, we’re redefining how great talent connects with meaningful work—enabling our ambitious strategy while building a culture of high performance, creativity, and partnership. If you enjoy owning your work end-to-end, bring a strong eye for detail to deadline-driven reporting, and are energized by improving processes while partnering closely with finance and audit teams, you’ll feel right at home here.

About the Role:
We’re looking for a detail oriented Statutory Financial Reporting Senior Accountant to support the preparation of financial statements in accordance with NAIC Statutory Accounting Principles (SAP). This role is ideal for someone who takes ownership of their work, applies sound professional judgment, and proactively identifies opportunities to improve processes and reporting quality. Experience with external audits and life & annuity insurance companies is a strong plus.

What You’ll Do:
Statutory Reporting & Close Activities
• Prepare and record journal entries as part of the monthly, quarterly, and annual close
• Assist with the preparation of quarterly and annual statutory financial statements in accordance with NAIC SAP
• Maintain clear, organized support for reported balances and disclosures
Reconciliations & Data Integrity
• Perform reconciliations between general ledger balances and underlying source data
• Ensure accuracy, completeness, and consistency of financial information across reporting periods
Disclosures & Documentation
• Align disclosures and supporting documentation across multiple legal entities
• Ensure documentation meets internal standards and external reporting requirements
Process Improvement & Collaboration
• Identify opportunities to reduce manual processes and enhance existing reporting workflows
• Collaborate closely with members of the finance team to support compliance and reporting objectives
Audit & Ad Hoc Support
• Support external audits by preparing requested schedules, documentation, and explanations
• Take on additional responsibilities as needed to support the broader financial reporting function

Core Competencies
• Statutory Financial Reporting (NAIC SAP): Working knowledge of statutory accounting principles and experience supporting quarterly and annual statutory financial statements
• Close & Journal Entry Management: Hands-on experience preparing and recording journal entries as part of monthly, quarterly, and annual close cycles
• Reconciliations & Data Accuracy: Strong ability to reconcile general ledger balances to source data and identify variances or data issues
• Disclosure & Documentation Alignment: Experience maintaining organized support and ensuring consistency of disclosures and reporting documentation across entities
• Audit Support: Proven ability to partner with internal and external auditors by preparing schedules, documentation, and clear explanations
• Process Improvement Mindset: Proactive in identifying opportunities to reduce manual effort, streamline reporting processes, and improve controls
• Analytical & Problem-Solving Skills: Strong analytical approach with the ability to exercise professional judgment and resolve reporting issues independently
• Advanced Excel Capabilities: High level of proficiency using Excel to support reconciliations, analysis, and financial reporting
• Collaboration & Communication: Clear communicator who works effectively with cross functional finance partners under deadline driven environments
What You Bring:
• Bachelor's Degree in Accounting
• Strong attention to detail, even under tight reporting deadlines
• Ownership mindset with a continuous improvement orientation
• Well developed analytical, organizational, and problem solving skills
• Advanced proficiency in Excel
• Clear and effective written and verbal communication skills
• 2+ years of relevant professional experience
• Experience preparing financial statements and supporting financial reporting processes
• Working knowledge of NAIC Statutory Accounting Practices (SAP)
What We Offer:
• A collaborative, inclusive environment that values authenticity, accountability, and partnership
• The opportunity to join the company at an exciting stage of growth, where colleagues are empowered to build what’s next
• A variable compensation package with a base range of $90K-$110K
• A competitive benefits package including comprehensive medical, dental, and vision coverage; an HSA and 401(k) company match; paid time off; and employer-paid life and disability insurance
• Hybrid work arrangement with 3 days a week in office

At Prosperity, we are committed to equal employment opportunity and encourage people from all backgrounds to apply. We make hiring decisions based on merit and do not discriminate on the basis of race, religion, color, national origin, gender identity, sexual orientation, age, disability, or any other protected status.

We strive for a meaningful interview experience for all candidates. If you need an adjustment or accommodation due to a disability or medical condition during the hiring process, please let your recruiter know.
Prosperity Life

About Prosperity Life

Prosperity Life Group knows that for a future to flourish, it needs to be nurtured, cared for and protected. Since 1916, we’ve helped individuals and their families by providing life insurance, asset accumulation and supplemental health products to help them achieve their goals—whatever they may be. Today we stand stronger than ever with more than 300,000 policies, all rooted in innovation, empathy and advice.

Together, we can let life flourish.

AM Best financial strength ratings:

• A- (Excellent) rating

• A- Long-term creditor rating

• 4th highest of 15 ratings

• Stable Outlook

Prosperity’s insurance operating subsidiaries also have a Kroll rating of A-.

Prosperity Life Group is a marketing name for Prosperity Group Holdings, LP and its subsidiaries. Life insurance, annuities and supplemental health products are underwritten by SBLI USA Life Insurance Company, Inc. (SBLI USA), headquartered in New York, NY, and S.USA Life Insurance Company, Inc. (S.USA) and Shenandoah Life Insurance Company (Shenandoah Life), both headquartered in Roanoke, VA. Only SBLI USA is an authorized New York insurer. S.USA and Shenandoah Life are not authorized as insurers in, and do not do insurance business in, New York. Each underwriting company is responsible for its own financial and contractual obligations. SBLI USA Life Insurance Company, Inc. is not affiliated with The Savings Bank Mutual Life Insurance Company of Massachusetts or The Savings Bank Life Insurance Company of Connecticut.

Industry
Finance & Insurance
Company Size
201-500 employees
Headquarters
New York, NY
Year Founded
1916
Social Media