Job description
The Finance team at Clover Health is a group of strategic partners providing financial and operational insights that drive informed decision-making and efficient capital allocation. Guided by our core values of excellence, accountability, and collaboration, we provide actionable recommendations to improve health outcomes and reduce costs while ensuring financial integrity and innovation.
The Controllership team ensures accurate financial reporting across Clover Health, aligning financial transactions with company policies, US GAAP, and statutory accounting principles (SAP).
We are seeking a strategic Senior Manager of Statutory Accounting to lead NAIC filings and regulatory reporting for our Medicare Advantage plans, ensuring compliance with state regulations and CMS requirements. This role combines technical accounting expertise, advanced analysis, and cross-functional collaboration to drive process improvements and strategic financial outcomes.
As a Senior Manager of Statutory Accounting, you will:
- Oversee NAIC Quarterly and Annual Statements, ensuring timely and accurate reporting to regulatory bodies.
- Manage statutory close processes, maintaining accurate and complete financial statements and filings.
- Lead GAAP-to-SAP financial reporting integration, ensuring alignment with stakeholders.
- Implement scalable process improvements to enhance statutory reporting accuracy and compliance.
- Collaborate with Treasury on RBC calculations and strategic transactions.
- Provide technical guidance to accounting staff, building statutory expertise and succession depth.
- Manage audits and regulatory inquiries, maintaining compliance with statutory accounting principles.
- Identify automation opportunities to optimize statutory reporting processes.
- Develop and document key controls for regulatory compliance and internal policy adherence.
- Drive special projects related to statutory accounting and financial reporting.
Success in this role looks like:
- Accurate and timely completion of statutory filings, achieving zero late submissions or material audit findings within the first 90 days.
- Implementation of process improvements that reduce the statutory close cycle by 15% within the first 6 months.
- Successful transition of GAAP-to-SAP reporting framework, evidenced by clean audit findings and improved regulatory communication within the first 12 months.
You should get in touch if:
- You have 8-12 years of accounting experience, with a strong emphasis on statutory accounting in a regulated insurance environment, preferably within a Medicare Advantage plan.
- You have a CPA designation and expertise in statutory accounting principles (SAP) and GAAP.
- You have demonstrated experience leading statutory reporting functions, including NAIC reporting and CMS regulatory filings.
- You have experience managing cross-functional projects and implementing process improvements to streamline financial reporting processes.
- You possess exceptional analytical skills and the ability to translate complex financial data into actionable insights for senior leadership.
- You are adept at working with financial systems such as Sage Intacct or similar ERP systems, and have advanced proficiency in Excel and data analysis tools.
- You have strong communication and leadership skills, with a proven ability to influence cross-functional stakeholders and mentor the senior accountant.
Benefits Overview:
- Financial Well-Being: Our commitment to attracting and retaining top talent begins with a competitive base salary and equity opportunities. Additionally, we offer a performance-based bonus program, 401k matching, and regular compensation reviews to recognize and reward exceptional contributions.
- Physical Well-Being: We prioritize the health and well-being of our employees and their families by providing comprehensive medical, dental, and vision coverage. Your health matters to us, and we invest in ensuring you have access to quality healthcare.
- Mental Well-Being: We understand the importance of mental health in fostering productivity and maintaining work-life balance. To support this, we offer initiatives such as No-Meeting Fridays, monthly company holidays, access to mental health resources, and a generous flexible time-off policy. Additionally, we embrace a remote-first culture that supports collaboration and flexibility, allowing our team members to thrive from any location.
- Professional Development: Developing internal talent is a priority for Clover. We offer learning programs, mentorship, professional development funding, and regular performance feedback and reviews.
Additional Perks:
- Employee Stock Purchase Plan (ESPP) offering discounted equity opportunities
- Reimbursement for office setup expenses
- Monthly cell phone & internet stipend
- Remote-first culture, enabling collaboration with global teams
- Paid parental leave for all new parents
- And much more!
About Clover: We are reinventing health insurance by combining the power of data with human empathy to keep our members healthier. We believe the healthcare system is broken, so we’ve created custom software and analytics to empower our clinical staff to intervene and provide personalized care to the people who need it most.
We always put our members first, and our success as a team is measured by the quality of life of the people we serve. Those who work at Clover are passionate and mission-driven individuals with diverse areas of expertise, working together to solve the most complicated problem in the world: healthcare.
From Clover’s inception, Diversity & Inclusion have always been key to our success. We are an Equal Opportunity Employer and our employees are people with different strengths, experiences, perspectives, opinions, and backgrounds, who share a passion for improving people’s lives. Diversity not only includes race and gender identity, but also age, disability status, veteran status, sexual orientation, religion and many other parts of one’s identity. All of our employee’s points of view are key to our success, and inclusion is everyone’s responsibility.
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Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records. We are an E-Verify company.
A reasonable estimate of the base salary range for this role is $130,000 to $175,000. Final pay is based on several factors including but not limited to internal equity, market data, and the applicant’s education, work experience, certifications, etc.
