VP, Statutory Reporting

Palomar is a rapidly growing and innovative insurer focused on providing specialty insurance to residential and commercial customers.

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La Jolla, CA;
Edina, MN;
Remote

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 theEVP, 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.

• 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.

• 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.

• 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.

• 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.

• 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.

• 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.

• Serve as the primary liaison with external auditors, regulatory agencies, and insurance department examiners.
• Lead responses to…