You will provide a combination of strategic and tactical leadership to the organization and within the financial services division.
You partner with Senior Management to create solutions and recommendations to strategic needs and problems in order to improve performance and build company’s overall strength and competitive advantage in the insurance industry.
You will improve business results by providing leadership and strategy development for product and overall performance through establishment of KPI analytics, financial forecasting and peer benchmarking.
Bachelor Degree in Accounting Finance and ten to fifteen years of financial management experience – insurance industry strongly preferred.
CPA designation and one professional designation in the finance or insurance field (i.e. CPCU, CFP, AIAF) – Big 4 accounting firm experience preferable.
Performance history of enhancing shareholder policyholder value through an integration of skills, including in-depth industry knowledge, entrepreneurial acumen, change management skills, and the ability to educate other leaders regarding relevant financial matters.
Practical experience in:• Financial reporting (STAT and GAAP)• Treasury and investment portfolio management• Advanced financial analysis• Mergers and acquisitions• Billing and collections• Strategic planning• Data warehousing mining• Financial planning and modeling• Developing strategic partnerships• Business process reengineering.
Strong leadership skills including:• High degree of executive presence• Ability to develop and motivate others• Ability to effectively interact with Board of Directors other leadership management teams• Formal project management skills• Strong negotiation skills• Excellent written and oral communication and time management skills
Reports to Vice President of Finance & Risk Management and partners with all other managers and senior managers while providing leadership and mentoring to staff. External – responsible for development and strategic partnership with the following:• Accounting firms (independent auditors) and Actuaries• Investment Managers• Reinsurers and reinsurance brokers• Rating agencies• Treasury type relationships banks
Improve business results by providing leadership and strategy development around:
Financial Services (accounting)
Reinsurance program accounting and contract management
Investment portfolio compliance and performance evaluation
Financial forecasting and modeling.
Development of Financial, Reinsurance, and Risk Management Reporting Strategies & Tools including the following:• Corporate and “unit” financial plans for each calendar year• Financial modeling for multi-year horizons • Financial Statement preparation to satisfy all reporting requirements• Analysis of each units operating performance• Analysis of loss reserves and claims handling analytics• Preparation of all tax-related reporting requirements
Development of an adequate system of internal controls throughout the organization to ensure we can measure and improve:• The effectiveness and efficiency of our operations.• The reliability of our financial reporting.• The safeguarding of corporate assets.• Compliance with all applicable laws and regulations.
Investment Management• Provides direction to investment managers• Evaluates alternative investment strategies and impact on results• Recommends and or implements changes to existing strategies• Partners with investment managers and consultants to optimize long term business results
Ensure the development of a viable business recovery plan and maintain in a state of readiness.
CPA preferred, with three to five years of financial management experience in the insurance industry (property and casualty preferred).
Creating/managing a highly impactful accounting team
Insurance financial and regulatory rules and reporting
Corporate (enterprise) financial planning and execution
Contemporary financial system implementation and usage
General ledger implementation and maintenance
Financial internal control design and evaluation
Management of services and relationships with key 3rd parties