Statutory Accounting Policy & Reporting Senior Manager

Cigna Philadelphia , PA 19107

Posted 11 months ago

It's fun to work in a company where people truly BELIEVE in what they are doing!

We're committed to bringing passion and customer focus to the business.

Role Summary

CIGNA's mission is to help the people we serve improve their health, well-being and security. The Accounting Senior Manager's role is critical to the successful achievement of this mission. The Accounting Senior Manager assists in the corporation's statutory accounting function and is responsible for US statutory reporting policy and statutory reporting for multiple legal entities.

Major Duties

Statutory Policy

  • Provide clear, concise technical guidance for statutory accounting, reporting and disclosures consistent with SSAP.

  • Proactively support business partners' priorities, providing accounting impact assessments, technical support and value-added insights needed to drive results.

  • Consult with business partners to understand and provide technical statutory accounting and reporting guidance in support of complex business initiatives related to new products, transactions or other relevant circumstances or events.

  • Monitor and influence emerging accounting and financial reporting developments from the NAIC that affect Cigna (Health Services, Government, and Commercial) consult with key business partners to understand the impact to the legal entities communicate its effects to stakeholders.

  • Coordinate implementations of new requirements with accounting, finance and other impacted teams.

  • Document issues and conclusions; review with management, corporate accounting, key stakeholders and external auditor prior to earnings release.

  • Provide training to accounting and finance staff on NAIC accounting and reporting developments

Statutory Reporting

  • Lead quarterly and annual NAIC statutory reporting for multiple legal entities performed by a team of 3-6 staff including offshore staff.

  • Responsible for the delivery, engagement and optimal utilization of an offshore team through our global service partner.

  • Accountable for monitoring delivery of and continuously enhancing performance of statutory accounting and reporting activities which include; production of quarterly & annual NAIC financial statements and exhibits, execution of Model Audit Rule (MAR) controls, collaboration with internal Medical Loss Ratio (MLR) team, and implementing new NAIC statutory reporting guidance.

  • Partner with stakeholders including accounting, finance, and compliance to analyze and understand accounting implications of enterprise projects or new business initiatives.

  • Coordinate with internal and external auditors in the periodic review of the company statutory financial records.

  • Demonstrate ability to lead, develop and motivate people in a dynamic operating environment characterized by significant change.

  • Personally search out and foster the team to bring new ideas and drive change.

Qualifications

  • Bachelor's degree in accounting or finance

  • Minimum 8 years of accounting experience (insurance experience a plus)

  • Extensive knowledge of statutory accounting requirements

  • GAAP or Statutory Accounting Policy experience a plus

  • Ability to communicate effectively, both verbal and written, with all levels of management

  • Strong analytical skills

  • Highly motivated and able to work independently

  • Demonstrated high level of ethics and integrity

  • Proven ability to build effective relationships with business partners

  • Demonstrated competency in the area of professional savvy and negotiating

  • Ability to manage, motivate and lead a team of diverse accounting professionals

Qualified applicants will be considered without regard to race, color, age, disability, sex (including pregnancy), childbirth or related medical conditions including but not limited to lactation, sexual orientation, gender identity or expression, veteran or military status, religion, national origin, ancestry, marital or familial status, genetic information, status with regard to public assistance, citizenship status or any other characteristic protected by applicable equal employment opportunity laws.

If you require an accommodation based on your physical or mental disability please email: SeeYourself@cigna.com. Do not email SeeYourself@cigna.com for an update on your application or to provide your resume as you will not receive a response.


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Statutory Accounting Policy & Reporting Senior Manager

Cigna