Controller- Statutory Accounting

Position: Controller- Statutory Accounting 
Location: Los Angeles, CA 
Job Type: Permanent 
 
About R Systems: 
R Systems is a leading digital product engineering company that designs and develops chip-to-cloud software products, platforms, and digital experiences that empower its clients to achieve higher revenues and operational efficiency. Our product mindset and engineering capabilities in Cloud, Data, AI, and CX enable us to serve key players in the high-tech industry, including ISVs, SaaS, and Internet companies, as well as product companies in telecom, media, finance, manufacturing, and health verticals. We Are Great Place to Work Certified in 10 countries with a full-time workforce [India, USA, Canada, Poland, Romania, Moldova, Indonesia, Singapore, Malaysia & Thailand]! We are recognized as one of the Best Tech Brands 2024 by the Times Group and India's Top 500 Value Creators 2023 by Dun & Bradstreet.

Job Requirement 
Position Summary 
The Controller will serve as our client s head of financial reporting and internal accounting, with primary responsibility for statutory financial reporting, TDI filing management, and day-to-day financial controls. The role will be responsible for oversight of outside accounting firms and other outside financial and accounting advisors.  The controller will work alongside those firms during the transaction transition and assume primary ownership as the engagement winds down. The role reports to the CFO and works closely with the Staff Actuary and outside audit and tax advisors.

This is a foundational finance role in a startup insurer. The Controller will be responsible not only for accurate financial reporting but for building the accounting infrastructure, internal controls, and financial process documentation that will support the company s growth and TDI examination readiness.
 
 Key Responsibilities

• Prepare and file TDI quarterly and annual statutory financial statements in accordance with NAIC Statutory Accounting Principles (SAP)

• Maintain the general ledger and chart of accounts using NetSuite (the company s selected ERP platform)

• Coordinate with the outside statutory accounting firm during the initial engagement period and manage the transition to full internal ownership

• Prepare GAAP/STAT reconciliations and support the annual financial audit

• Manage premium tax filings and coordinate on federal income tax compliance for insurance companies

• Establish and maintain internal accounting controls, policies, and procedures appropriate for a TDI-regulated insurer

• Support the preparation of financial projections, management reporting, and Board financial presentations

• Coordinate with the Staff Actuary on reserve entries, actuarial adjustments, and the statutory balance sheet

• Manage accounts payable and receivable processes, including commission settlements with distribution partners

• Support TDI financial examinations and respond to regulatory inquiries related to financial reporting

• Monitor NAIC SAP updates and TDI guidance and ensure timely adoption of applicable accounting changes
   Qualifications:

• CPA required

• 5 10 years of accounting experience; statutory accounting (SAP) for life and annuity insurers required

• Direct experience preparing or overseeing TDI or comparable state insurance department financial statement filings

• Familiarity with NAIC Annual Statement filing requirements and statutory accounting for fixed annuity products

• Experience with NetSuite or comparable cloud-based ERP platform preferred

• Working knowledge of GAAP/STAT differences applicable to life insurers

• Strong attention to detail and demonstrated experience building and maintaining internal financial controls in a regulated environment

• Experience working with external auditors and tax advisors in an insurance company context

Why Join R Systems?

• Frequent Internal Hackathons: Engage in dynamic competitions with exciting prizes to keep your skills sharp.

• Cultural Celebrations: Strengthen our familial bonds through shared celebrations, fostering a sense of community.

• Diverse Project Exposure: Work on a variety of projects across sectors like Healthcare, Banking, e-commerce, and Retail, collaborating with leading global brands.

• Centre of Excellence (COE): Benefit from technical guidance and upskilling opportunities provided by our team of technology experts, helping you navigate your career path.

• E-Learning Platform: Gain access to comprehensive e-learning platforms coupled with a robust mentorship program to enhance your skills.

• Open Door Policy: Embrace a culture of mutual support, respect, and open dialogue, promoting a collaborative work environment.

If you are passionate and excited about working in a fast-paced, innovative environment, we would love to hear from you!
 R Systems is an equal opportunity employer that does not discriminate against any employee or job applicant because of race, color, religion, national origin, sex, physical or mental disability, age, or any other characteristic protected by law. We strive to build a team that reflects the diverse communities we serve, and we actively encourage applications from individuals of all backgrounds and experiences. Our commitment to equal opportunity extends to all aspects of employment, including recruitment, hiring, training, promotion, and benefits. 
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