VP, Statutory Reporting

Why choose Palomar? Palomar is a rapidly growing and innovative insurer focused on providing specialty insurance to residential and commercial customers. Palomar welcomes the best and brightest to our thriving team. Guided by an entrepreneurial spirit, Palomar is building a dynamic and diverse team. Join a company built on a culture of agility, innovation and authenticity that delivers peace of mind and protection to individuals and businesses impacted by adversity. Want to learn more about our exciting journey? https://ir.plmr.com/corporate-profile/default.aspx We are Hiring! Location: La Jolla, CA; Edina, MN; Remote The Details: Palomar Holdings, with five active P&C carriers operating across all 50 states, is seeking a VP of Statutory Reporting to provide strategic leadership for our Statutory Reporting function. Reporting to the EVP, Treasury and Financial Operations, this executive will oversee all statutory financial reporting activities, drive process improvements, manage regulatory filings, and ensure compliance with NAIC and state insurance regulations. This opportunity is ideal for a collaborative finance leader who combines strong technical accounting expertise with exceptional project management, team development, and stakeholder engagement skills. What will you do: Leadership & Team Development Provide strategic leadership, mentorship, and oversight for the Statutory Reporting function, fostering a culture of accountability, collaboration, and continuous improvement. Recruit, develop, and retain a high-performing team while establishing scalable processes to support organizational growth. Financial Reporting & Controls Lead the statutory close and reporting processes, ensuring the timely and accurate preparation of monthly, quarterly, and annual financial results. Maintain a strong internal control environment and ensure the integrity, accuracy, and completeness of statutory financial data and disclosures. Drive process optimization initiatives to enhance reporting efficiency, scalability, and compliance. Statutory Reporting & Regulatory Compliance Oversee the preparation, review, and submission of all statutory reporting requirements, including: NAIC and state regulatory Quarterly and Annual Statements Supplemental regulatory filings and schedules Audited statutory-basis financial statements Group Capital Calculation filings, AM Best Supplemental Rating Questionnaires, and other required regulatory submissions Ensure compliance with statutory accounting principles (SAP), NAIC guidance, and state insurance regulations. Cross-Functional Partnership Serve as a key finance partner to Corporate Finance, Actuarial, Reinsurance, Investments, Treasury, Tax, and Data teams to ensure the accuracy and completeness of statutory reporting. Collaborate with senior leadership to evaluate the statutory implications of business initiatives, transactions, and strategic priorities. Technical Accounting & Regulatory Change Management Provide subject matter expertise on Statutory Accounting Principles (SSAP) and evolving regulatory requirements. Monitor industry developments and regulatory changes, assessing impacts and leading implementation efforts across the organization. Develop and maintain accounting policies, reporting procedures, and governance frameworks to support compliance and best practices. Capital Management & Risk Oversight Lead the preparation and analysis of Risk-Based Capital (RBC) calculations and related regulatory capital reporting. Deliver meaningful insights and recommendations to executive leadership regarding capital adequacy, regulatory trends, and enterprise risk exposures. External Audits & Regulatory Relations Serve as the primary liaison with external auditors, regulatory agencies, and insurance department examiners. Lead responses to regulatory inquiries, examinations, and audits, ensuring timely resolution and effective stakeholder management. Build and maintain strong relationships with regulatory bodies and external business partners to support the organization's compliance objectives. What we are looking for: Critical Qualities for Success: Strong understanding of GAAP and SAP, with the ability to stay updated on regulatory developments and apply new guidance. Expertise in accounting and regulatory matters to support business development, strategic initiatives, and special projects. Effective communication skills to engage with external regulators and internal leadership. Proficiency in complex statutory accounting and capital requirements, with the ability to simplify concepts for broader audiences. A team-oriented leader who mentors and leads by example. Required Qualifications: Bachelor’s degree in accounting (minimum requirement). 10+ years of progressive experience in NAIC insurance filings. 5+ years of supervisory experience in a similar role. Strong analytical skills and attention to detail. Ability and desire to be a problem-solver. Proficiency in MS Office (Excel, Word, PowerPoint). Preferred Credentials/Experience: CPA certification. Public company experience. M&A experience. We love people who want to: Build strong relationships through transparency, trust, and respect for each other. Work in an agile environment, with a resilient mindset to find creative solutions to challenges. Collaborate and celebrate diverse perspectives, promoting inclusivity and equality. Do the right thing with strong conviction and integrity. Be bold and innovative to help make an impact. Demonstrable track record of working autonomously and driving progress Be intellectually curious, think creatively, and pragmatic If you thrive in a dynamic environment, and like working with happy, authentic, talented people, you'll enjoy a career with Palomar! What will you get in return? Full Suite of Medical Benefits Long Term Financial Incentives – STOCK! 401k with 3.5% Automatic Fully Vested Employer Contributions Competitive PTO + Holiday Program Lifestyle Spending Allowance Professional Development Assistance Career Exploration Opportunities Regular company-wide social events (even virtually!) To learn more visit us at www.plmr.com Diversity at Palomar At Palomar, we are committed to diversity, equality and inclusion in all facets of the organization. We have built an open culture that celebrates the diversity of our workforce, while actively championing equality and inclusion practices that make us a company people want to work with and work for. We believe that diversity, equality and inclusion yields greater organizational creativity and productivity, which helps us serve our customers and partners more effectively. Delivering on our diversity commitment returns greater value to our shareholders and ultimately makes a positive impact to the communities in which we do business and to the people who live in them #PalomarPride #Insurancejobs #hiring Accommodations: Palomar will consider reasonable accommodations to ensure a qualified applicant with a disability can be considered for the position. Palomar will also consider necessary modifications to the physical work environment, or to the way a job is usually performed, so an individual with a disability can perform the essential functions of the position. Additional accommodations will be considered that enable an employee with a disability to enjoy equal benefits and privileges of employment like those that are enjoyed by other employees without disabilities. For more information about our company, visit us at www.plmr.com. Palomar is an Equal Opportunity Employer. No phone calls or agency solicitation please CCPA Job Applicant: Pay Range: $190,000-$285,000 + Bonus Potential & Participation in our Competitive Long-Term Incentive (LTI) Program. The above pay range is for all US-based roles based on function and level, benchmarked against companies of similar size and scope. To be compliant with local legislation as well as provide greater transparency to candidates, we disclose salary ranges on all job postings regardless of the desired job location. We also offer a competitive annual discretionary bonus program and the opportunity for annual long-term incentive stock grants. In addition, we offer a highly competitive benefits package. Final offer amounts are determined by multiple factors, including candidate experience and qualifications, and may vary from the amounts listed above