Statutory Reporting Job Description
Statutory reporting
provides group and external reporting (BS, P&L, Supplementary information to financial statement – according to IFRS, and other GAAP if needed).
Statutory Reporting Duties & Responsibilities
To write an effective statutory reporting job description, begin by listing detailed duties, responsibilities and expectations. We have included statutory reporting job description templates that you can modify and use.
Sample responsibilities for this position include:
Responsible for several Irish entities for both US GAAP and Local GAAP close
Liaise with external Auditors on both the Irish Statutory Audit and Quarterly Group US GAAP audits
Develop a working knowledge of International Financial Reporting Standards (IFRS) and SIC Interpretations
Responsible for crafting, understanding and communicating the VA Stat Capital story to key stakeholders
Will be a member of and contribute to the VA Methodologies Committee meeting responsible for gaining consensus on and tracking VA methodologies
Will also be members of various other committees as needed, including the Hedge Oversight Committee, Equity PMT, AMERC
Will lead one actuarial and/or risk professional
Key role in the preparation of monthly and quarterly Financial Reporting Packages for submission to WW Consolidations in accordance with strict deadlines
Oversight of month end close group Irish entities to ensure adherence of the corporate close timetable
Manage preparation of statutory accounts of the groups Irish companies
Statutory Reporting Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Statutory Reporting
List any licenses or certifications required by the position: CPA, MBA, SOX, FID, LATAM, IFRS, RID, CDIC
Education for Statutory Reporting
Typically a job would require a certain level of education.
Employers hiring for the statutory reporting job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Accounting, Finance, Business, Education, Economics, Professional Accounting, Mathematics, Business/Administration, Statistics, MBA
Skills for Statutory Reporting
Desired skills for statutory reporting include:
External financial reporting regulation
Group Reporting Manual and Group Account Policies
IFRS
US GAAP
Microsoft office
US GAAP accounting requirements and ability to apply them to a variety of circumstances
Another language as an asset
ERP system
Excel
Financial analysis policies
Desired experience for statutory reporting includes:
Experienced team leader with hands on management experience with direct reports
Ability to drive process improvement and regulatory change
Strong technical accounting knowledge including regulatory reporting
Support the team in all other external audits, including tax audits from governmental agencies
Key role in the review of balance sheet account reconciliations of all European entities
Perform quarterly metric reporting on all EMEIA Entities to Corporate
Statutory Reporting Examples
1
Statutory Reporting Job Description
Job Description Example
Our company is looking to fill the role of statutory reporting. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for statutory reporting
- Support the acquisition of new entities as required
- Key role in ensuring business procedures and internal controls comply with requirements of SOX legislation
- Lead the operations of the Group Statutory Reporting function
- Manage the production of the half yearly and yearly consolidated Statutory Financial Report and other relevant ASX disclosures, including associated Audit Committee and Board reporting
- Coordinate the input from all relevant information sources
- Provide accounting advice to Audit Committees, finance teams and the business in relation to changes in accounting standards, regulatory change and changes within the business, including new products and accounting due diligence support for M&A transactions
- Manage the External Audit relationship including resolution of audit issues, audit fees and independence
- Ensure quality and timely finalisation and delivery of Returns to various regulators
- Ensure appropriate controls and efficient processes are in place to support the quality production of Returns
- Review Regulatory return for quality, standardisation and accuracy
Qualifications for statutory reporting
- Results focused with strong organisational, prioritising and project management skills
- Innovation and strong commercial acumen including strategic problem solving
- Excellent communication skills with the ability to present technical concepts in a meaningful way
- Ability to build and maintain strong relationships across all levels of the organisation both internally and externally
- Technical knowledge of accounting standards and frameworks
- Support auditor requests and queries and are responded to on a timely basis
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Statutory Reporting Job Description
Job Description Example
Our company is searching for experienced candidates for the position of statutory reporting. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for statutory reporting
- Be the Hubs Regulatory Reporting primary point of contact for onshore FCs and resolve issues on a timely manner
- Ensure accuracy and reliability of financials through efficient utilisation of source system information, design of the templates and systems used in the production of Regulatory returns
- Ensure systematic approach to resolving issues and queries and also maintain records to avoid repeated requests to onshore teams
- Provide recommendation on simplification, standardisation and elimination of activities/processes where appropriate
- Responsible for driving quality at source by providing timely feedback to the preparers and by improving process level controls
- Ensure compliance with all applicable reporting requirements (both internal and external), policies and group procedures
- Drive the values in day-to-day activities within the team
- Team player with a can-do attitude and focus on a win-win philosophy
- Completing the business plans for the various holding companies
- Developing and maintaining working paper files to support all transactions
Qualifications for statutory reporting
- CA, ICWAI, CPA or equivalent qualified with 5~ years of relevant experience
- Strong background in preparing and finalising Returns
- Strong communication skills (both written and oral) including telephone manners and interpersonal skills are essential
- Background in auditing and accounting practices is highly desirable
- Experience in Banking / Financial Services Industry is preferable
- Show flexibility and ability to adapt to changing work environment and requirements, work under pressure to meet tight deadlines
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Statutory Reporting Job Description
Job Description Example
Our company is searching for experienced candidates for the position of statutory reporting. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for statutory reporting
- Completing adhoc requests for group financial information
- Completing PEGA attestations for holding and group companies
- Assisting with Finance project deliverables
- Manage the Data Management team ensuring LDW/ CCDB and General Ledger are effectively maintained from a data perspective and effective support is provided so that client requirements are met
- Management of 4 members of staff within the Regulatory Reporting and Data Management teams within the External Reporting Group
- Mentor individuals and build a well-trained team that can demonstrate proactive support of new reporting requirements and business initiatives
- Manage the monthly General Ledger (GL) attestation reporting process
- Assist in monitoring and raising technical system issues for the GL Attestation application
- Assist the Senior Manager – Enterprise Financial Controls with controls and governance responsibilities
- Search and confirm GL attestation account ownerships for US and UK
Qualifications for statutory reporting
- Experience in complex accounting consolidations, reporting to the Boards and Audit Committee, and delivery of financial process improvements
- Strong change leadership, collaborative team mindset and influencing positive outcomes
- Good experience with management/internal reporting, Finance, related IT or other related areas
- Minimum 3 years of relevant work experience, incl
- Experience in delivering high-quality products to FDs and Group Board members
- Solid knowledge of data mining and analysis tools (e.g GGL Rep, db Artos, Powerpoint)
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Statutory Reporting Job Description
Job Description Example
Our innovative and growing company is hiring for a statutory reporting. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for statutory reporting
- Prepare Scorecard Summary for Wholesale Finance
- Maintaining good relationships with our domiciliary regulators
- Completion of 6 direct writer Annual and Quarterly statements along with all exhibits and supplementary filings
- Completion of 6 direct writer Audited Statutory Statements by April 1 of each year Understanding the statutory accounting implications of all significant transactions in each of the operation units on the financial statements
- Keeping current on all significant changes in statutory reporting and the implications on our entities
- Ensuring proper analytics are prepared each quarter on the statutory results Preparation of the Board Meeting materials each quarter
- Annual Life Risk Based Capital (RBC) Report filed in Wings to NAIC
- Annual AMBEST and S&P Rating Agency Surveys •Annual Medium Term Plan for Distributable Capital
- Quarterly Reporting (actuals and forecasts) of estimated RBC ratio and Distributable Capital
- Quarterly estimation (actuals and forecasts) of S&P Rating Agency Capital (Target Surplus)
Qualifications for statutory reporting
- Available to participate in out of office hours meetings with US departments
- Qualified Accountant - top tier trained ideally with exposure to Blue Chip company external audit
- 2 Years + post qualification experience ideally
- Flexible and pro-active mindset
- Proven track record of the ability to work to deadlines in an accurate manner
- High self-motivation and strong teamwork spirit
5
Statutory Reporting Job Description
Job Description Example
Our company is looking to fill the role of statutory reporting. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for statutory reporting
- Participation in projects to better utilize the capital position of the company
- Completion of 3 captive Annual and Quarterly statements along with all exhibits and supplementary filings
- Completion of 3 captive Audited Statutory Statements by June 1 of each year Understanding the statutory accounting implications of all significant transactions in each of the operation units on the financial statements
- Ensuring proper analytics are prepared each quarter on the statutory results
- Preparation of the Board Meeting materials each quarter
- Completing Separate Accounts Annual Statements for 5 companies
- Gathering and reporting of miscellaneous state filing requests for all companies
- Coordinating the mailing of quarterly and annual statement information
- Review and analyze various reports - both established and ad hoc - for internal and external customers
- Assist with periodic research of new accounting pronouncements and impact analysis of new products or strategies may have in our financial reports
Qualifications for statutory reporting
- 3-5 years experience in the accounting function preferably in the financial services sector
- Good written and oratory skills
- Ability to understand, analyse and manipulate financial information
- Serves as the key point of contact on statutory compliance for onsite lead, regional controller and Corporate Accounting
- Manages and coordinates with outsourcing vendor to ensure compliance
- Ensures consistency in approach and application of accounting principles across all entities