Regulatory Accounting Manager
Sidecar Health is transforming the health insurance industry by putting members in control of their healthcare decisions. We combine innovative technology with transparent pricing to create a better healthcare experience. As we continue to grow, we're seeking a Regulatory Accounting Manager to join our finance team and ensure excellence in our regulatory compliance and statutory reporting.
If you want to use your talents to transform healthcare in the United States, come join us!
About the Role
The Regulatory Accounting Manager will be responsible for managing all aspects of statutory accounting, regulatory reporting, and compliance for Sidecar Health Insurance Company and related entities. This role serves as the subject matter expert on insurance regulatory accounting requirements, working closely with cross-functional teams to ensure accurate and timely filings with state insurance departments and federal agencies. Reporting to the Director, Financial Accounting and Reporting, this position plays a critical role in maintaining the company's regulatory standing and supporting strategic business initiatives.
Key Responsibilities
Statutory Accounting & Financial Reporting
- Prepare statutory basis financial statements and related regulatory filings in accordance with NAIC Statutory Accounting Principles (SAP) and state insurance department requirements.
- Ensure compliance with state-specific prescribed and permitted accounting practices
- Maintain detailed understanding of both GAAP and STAT accounting frameworks and reconcile differences between the two
- Monitor and implement changes to NAIC Accounting Practices & Procedures Manual and relevant SSAPs and assess impact on accounting treatments and reporting requirements
Regulatory Compliance & Filings
Oversee preparation and submission of Medical Loss Ratio (MLR) filings and rebate calculations in compliance with ACA requirementsManage Risk-Based Capital (RBC) calculations and regulatory capital adequacy reportingCoordinate and respond to external audit requests, including state insurance department audits, examinations, inquiries, and information requestsAid in the preparation and filing of supplemental regulatory reports including management discussion and analysisMaintain current knowledge of multi-state insurance regulatory requirementsTax Compliance & Reporting
Coordinate the preparation of federal and state income tax returns with external tax advisors for all regulated entitiesManage quarterly tax provision calculations and ensure proper documentationSupport tax audits and respond to information requests from taxing authoritiesMonitor tax law changes affecting insurance entities and assess financial impactInternal Controls & SOC Compliance
Maintain and enhance internal controls over financial reporting (ICFR) for regulatory accounting processesSupport SOC 1 and SOC 2 compliance activities, including control documentation and testingCoordinate with Internal Audit on control assessments and remediation activitiesTeam Leadership & Development
Mentor and develop accounting staff on statutory accounting principles and regulatory requirements, where appropriatePartner with cross-functional teams to support business development initiativesFoster a culture of accountability, continuous improvement, and regulatory excellenceParticipate in recruiting and onboarding of finance team membersJob Qualifications :
Bachelor's degree in Accounting, Finance, or related field requiredCPA certification required (active and in good standing)8+ years of progressive accounting experience in a regulated insurance entity5+ years of hands-on experience with statutory accounting principles and NAIC reportingDemonstrated experience preparing and filing quarterly and annual statutory statementsProven track record with MLR calculations, filings, and rebate determinationsExperience with state insurance department examinations and regulatory inquiriesStrong working knowledge of GAAP to STAT reconciliations and differencesExperience with insurance tax compliance including premium taxes across multiple statesFamiliarity with SOC 1 and SOC 2 compliance frameworksMaster's degree in Accounting or MBA preferredPublic accounting experience with Big 4 or national firm preferredOccasional travel may be required for regulatory examinations or industry conferencesExtended hours may be required during quarterly and annual filing periodsRequired Technical Skills & Knowledge :
Expert knowledge of NAIC Statutory Accounting Principles and the AP&P ManualStrong understanding of insurance regulatory framework and state filing requirementsAdvanced proficiency in accounting systems and financial reporting toolsAdvanced Excel skills including complex formulas, pivot tables, and data analysisWorking knowledge of NetSuite or similar ERP systems preferredFamiliarity with investment accounting standards (ASC 320, ASC 326 / CECL) preferredWhat You'll Get
Competitive salary, bonus opportunity, and equity packageComprehensive Medical, Dental, and Vision benefitsA 401k retirement planPaid vacation and company holidaysOpportunity to make an impact at a rapidly growing mission-driven company transforming healthcare in the U.S.Sidecar Health is an Equal Opportunity employer committed to building a diverse team. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status or disability status.