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Permanent Statutory Accounting Jobs in Indiana (NOW HIRING)

Permanent Statutory Accounting information

What is Permanent Statutory Accounting?

Permanent Statutory Accounting refers to the ongoing process of preparing and maintaining financial records and statements in accordance with statutory accounting principles (SAP), which are rules and guidelines mandated by regulatory bodies, especially in the insurance industry. These principles differ from general accounting standards and are designed to ensure companies remain solvent and financially stable. Professionals in this field are responsible for ensuring compliance with legal requirements, submitting regulatory reports, and keeping accurate, up-to-date records. This work is crucial for organizations to meet state and federal regulations and to provide transparency to regulators and stakeholders.

What is the difference between Permanent Statutory Accounting vs Financial Accountant?

AspectPermanent Statutory AccountingFinancial Accountant
CredentialsAccounting certifications (e.g., CPA), knowledge of statutory regulationsAccounting certifications, financial reporting knowledge
Work EnvironmentRegulatory compliance, audit-focused, often within insurance, banking, or corporate sectorsCorporate finance departments, reporting, and analysis
Employer & IndustryInsurance companies, banks, large corporations with statutory reporting needsVarious industries including corporate, finance, and consulting firms

Permanent Statutory Accounting primarily focuses on preparing financial statements in compliance with statutory regulations, often for regulatory reporting and audits. Financial Accountants handle broader financial reporting, analysis, and internal financial management. While both roles require accounting expertise, Permanent Statutory Accountants specialize in statutory compliance, whereas Financial Accountants focus on overall financial health and reporting.

What are some common challenges faced in a Permanent Statutory Accounting role, and how can I prepare for them?

In a Permanent Statutory Accounting role, one common challenge is staying updated on frequent changes in local and international accounting regulations, which can impact financial reporting and compliance. You may also encounter tight deadlines during statutory closing periods and audits, requiring strong organizational and time management skills. Collaborating with cross-functional teams, such as tax, audit, and operations, is essential for ensuring accurate and timely filings. Preparing by developing a keen attention to detail and keeping abreast of regulatory updates can help you succeed in this role.

What are the key skills and qualifications needed to thrive as a Permanent Statutory Accountant, and why are they important?

To thrive as a Permanent Statutory Accountant, you need a strong background in financial accounting, statutory reporting, and knowledge of local and international accounting standards, typically supported by a degree in accounting or finance and a recognized professional qualification (such as ACCA, ACA, or CPA). Familiarity with accounting software (like SAP or Oracle), advanced Excel skills, and experience with regulatory compliance tools are commonly required. Attention to detail, analytical thinking, and effective communication skills help professionals excel when interpreting complex regulations and interacting with auditors or stakeholders. These competencies ensure accurate statutory filings, regulatory compliance, and the financial integrity of the organization.
What are the most commonly searched types of Statutory Accounting jobs in Indiana? The most popular types of Statutory Accounting jobs in Indiana are:
What are popular job titles related to Permanent Statutory Accounting jobs in Indiana? For Permanent Statutory Accounting jobs in Indiana, the most frequently searched job titles are:
What job categories do people searching Permanent Statutory Accounting jobs in Indiana look for? The top searched job categories for Permanent Statutory Accounting jobs in Indiana are:
What cities in Indiana are hiring for Permanent Statutory Accounting jobs? Cities in Indiana with the most Permanent Statutory Accounting job openings:
FINANCIAL MANAGEMENT ANALYST

FINANCIAL MANAGEMENT ANALYST

Defense Finance and Accounting Service

Indianapolis, IN • On-site, Remote

$50K - $68K/yr

Full-time

Posted 3 days ago


Defense Finance and Accounting Service rating

7.9

Company rating: 7.9 out of 10

Based on 30 frontline employees who took The Breakroom Quiz

82nd of 138 rated financial services


Job description

Summary
This job announcement uses the USA Hire Assessment to evaluate applicants. For more information, visit USA Hire Assessment.
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Duties
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  • The duties, described below represent the major duties performed at the GS-11 level. The duties performed for developmental positions will be of limited scope and complexity to develop skills, proficiency, and work experience.
  • Analyzes, plans, and evaluates directorate functions to determine validity, propriety,
    accuracy, and adequacy of work processes.
  • Reviews and analyzes a variety of reports received from internal and external sources,
    including reports produced by automated systems
  • Performs quality control examinations of operations, policies, procedures, and internal
    controls including the analysis of data and information with the objective to prevent and
    detect deficiencies in the operation of functional area systems.
  • Receives special projects pertaining to improperly processed transactions resulting from
    newly legislated and implemented
  • Applies financial management analysis knowledge of automated systems and related
    regulatory and statutory requirements to identify financial management problems.

Requirements
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Conditions of employment
  • Must be a U.S Citizen or National
  • This national security position, which may require access to classified information, requires a favorable suitability review and security clearance as a condition of employment. Failure to maintain security eligibility may result in termination.
  • Registered for Selective Service (males born after 12-31-1959)
  • Suitable for Federal employment
  • Time after Competitive Appointment: Candidates must have served 3 months after latest competitive appointment in the Federal service.
  • Time in Grade Requirement - see the Qualifications field below for more details.
  • Obtain/Maintain Financial Management Certification
  • New employees to the Defense Finance and Accounting Service will be required to successfully pass the E-Verify employment verification check. To learn more about E-Verify, including your rights and responsibilities, visit e-verify.gov.

Qualifications
One year of specialized experience equivalent in level of difficulty and responsibility to that of the next lower grade (GS-5) within the federal service, which demonstrates the ability to perform the duties of the position, is required.
Specialized experience is defined as experience applying financial laws, principles, systems, policies, methods, and practices to provide routine technical guidance to managers, employees and/or customers
You may qualify for consideration if meeting specialized experience, education requirement, 90 days after competitive appointment requirement, and all other qualification requirements within 30 calendar days after the closing date of the announcement, unless otherwise indicated on the announcement.
Education
GS-07 Substitution of Education for Experience: One full year of graduate level education or Superior Academic Achievement (http://www.opm.gov/qualifications/policy/ApplicationOfStds-04.asp) may be substituted to meet the specialized experience requirement. Equivalent combinations of successfully completed graduate level education and experience may be used to meet total experience requirements.
Additional information
  • Moving expenses will not be paid.
  • The Tax Cuts and Jobs Act of 2017 makes certain reimbursements/payments taxable. For information on these changes and the Relocation Income Tax Allowance (RITA), for which some appointees are eligible, click here.
  • For positions where relocation is paid (see Location block of vacancy announcement), you can learn more about relocation allowances and entitlements.
  • Telework availability is limited and will only be provided on a rare case-by-case basis during situations where Agency Leadership has determined that telework serves a compelling DoD need.
  • We may use this announcement to make a temporary promotion. For some positions, the temporary promotion may be made permanent without further competition.
  • Selections are subject to restrictions resulting from the DoD Program for Stability of Civilian Employment.
  • We may use this announcement to fill additional vacancies within 120 days of the closing date.
  • This position is exempt from the Fair Labor Standards Act.
  • Travel requirement is Seldom (1-24%)
  • This position is not covered by a bargaining unit.
  • This position will be covered by formal training under the DFAS Career Acclimation Program (DCAP). The purpose of this program is to develop well-qualified, well-trained, high potential employees for future positions within DFAS. Promotion is conditional based on performance, successful completion of training, and availability of higher graded work. Participants who do not successfully complete the program may be separated.
  • For grades below the full performance level, only MSP/PPP eligible candidates who currently occupy a formal training program position will be entitled to exercise their priority preference.
  • Retired Civil Service Employee: Employment of retired Federal employees receiving an annuity is subject to the requirements of the Department of Defense (DoD) policy guidance. (See DoD Instruction 1400.25, Volume 300, here.
  • Criminal History Inquiries- For some positions, criminal history inquiries may not take place before you receive a conditional job offer. Please see Fair Chance to Compete for Jobs Act of 2019 (dfas.mil) for more information on The Fair Chance to Compete Act, exceptions, and DFAS contact information.
  • This position requires you to obtain and maintain a Level 2 Certification under the DoD Financial Management (FM) Certification Program as a condition of employment. If you are selected, you will have to obtain this certification within two (2) years of your entry on duty in the position unless you are already in a position that requires a Level 2 Certification in which case you must complete the certification within the original 2-year period. Failure to become certified within the required time-frame may be grounds for removal from the position and/or from Federal service. Information about the DoD FM Certification Program is available at: https://www.dfas.mil/onboarding2/certifications/?

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Candidates should be committed to improving the efficiency of the Federal government, passionate about the ideals of our American republic, and committed to upholding the rule of law and the United States Constitution.
Benefits
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A career with the U.S. government provides employees with a comprehensive benefits package. As a federal employee, you and your family will have access to a range of benefits that are designed to make your federal career very rewarding. Opens in a new windowLearn more about federal benefits.
Review our benefits
Eligibility for benefits depends on the type of position you hold and whether your position is full-time, part-time or intermittent. Contact the hiring agency for more information on the specific benefits offered.

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