Financial Reporting Manager (Insurance)

• The Financial Reporting Manager - Insurance, will drive statutory financial reporting, NAIC filings, insurance-related accounting, and regulatory application support for Progyny’s insurance operations
• The role will report to the Director of Financial Reporting and frequently collaborate closely with the broader accounting team to support the monthly financial close
• Help build and scale the statutory accounting and financial reporting processes supporting Progyny’s growing insurance operations, including expansion into new markets, jurisdictions, and legal entities
• Own the preparation, review, and timely submission of quarterly and annual NAIC statutory financial statements, including required schedules, exhibits, interrogatories, and supplemental filings
• Manage statutory reporting requirements across multiple insurance legal entities and jurisdictions, serving as a key internal resource on statutory accounting and reporting requirements and ensuring accuracy, consistency, and timely submission. Develop and maintain GAAP-to-statutory accounting conversions, reconciliations, supporting schedules, and documentation to ensure well-supported financial reporting
• Lead key aspects of the monthly and quarterly accounting close activities for insurance entities, including insurance-specific accounting and actuarially determined balances, journal entries, account reconciliations, financial analysis, and variance explanations
• Coordinate the preparation and submission of insurance regulatory applications, amendments, licensing-related financial documentation, and other state insurance department filings
• Partner with Legal, Compliance, and business stakeholders on regulatory approvals, corporate transactions, new product or market filings, and other insurance-related applications
• Monitor developments in NAIC guidance, statutory accounting principles, GAAP, and insurance regulatory requirements, and assess impacts on reporting and accounting processes
• Research and document technical accounting and regulatory conclusions through clear, well-supported accounting memoranda and implementation guidance
• Support preparation of management reporting, board materials, risk-based capital analyses, and other financial or regulatory reporting as needed
• Design and implement scalable processes, systems, controls, and documentation that strengthen reporting accuracy, improve efficiency, and support the continued growth of the insurance business
• Support statutory audits, regulatory examinations, and state insurance department inquiries, including preparation of supporting documentation and coordination of responses

Benefits

• Family friendly benefits: Paid family and parental leave-, fertility and family building benefits (including egg freezing, IVF, and adoption support), family care fund and Parents’ Employee Resource Group
• Health, dental, vision and life insurance options for employees and family
• Free in-person, virtual and text-based mental health and wellness support
• Paid time off, including vacation, sick leave, personal days and summer flex time
• Company equity
• Bonus program
• 401(k) plan with company match
• Access to on-demand legal and financial advice
• Company social events
• Flex days (3 days a week in the office) and onsite meals and snacks for employees reporting into our NY office- The ideal candidate will bring strong hands-on experience in statutory accounting principles, NAIC reporting, GAAP-to-statutory conversions, and insurance-company financial operations
• Familiarity with regulatory reporting tools such as Gain Compliance, Workiva, or similar platforms is a plus but not required
• Ability to independently manage multiple priorities and recurring filing deadlines
• Clear written and verbal communication skills, including the ability to explain technical accounting and regulatory matters to non-specialists
• 5+ years of progressive experience in insurance accounting, statutory reporting, financial reporting, or public accounting
• Experience preparing and filing NAIC statutory financial statements and related state insurance regulatory filings
• Experience with or working knowledge of risk-based capital and capital and surplus requirements is preferred
• Experience supporting insurance regulatory applications, state filings, licensing documentation, or similar regulatory approval processes
• Bachelor’s degree in Accounting; CPA certification is preferred
• Strong analytical, organizational, and problem-solving skills, with exceptional attention to detail
• Experience managing reporting and filing requirements across multiple legal entities
• Strong knowledge of statutory accounting principles, NAIC reporting requirements, and GAAP-to-statutory reporting conversions
• Experience working in a health insurance, managed care, benefits, healthcare, or other regulated insurance environment is strongly preferred
• Collaborative working style and ability to partner effectively across Accounting, Finance, Legal, Compliance, Actuarial, and operational teams
• Familiarity with RBC reporting, and regulatory reporting tools such as Gain Compliance, Workiva, or similar platforms is a plus but not required