What are the responsibilities and job description for the Director Operational Accounting position at Core Specialty Insurance Services, Inc.?
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The director of operational accounting will oversee the day to day accounting function for several key accounts within our operations area, including accounts receivable and claims funding. This role requires a detail-oriented leader with extensive experience in the insurance industry and a strong understanding of accounting principles. The ideal candidate will have a proven track record of managing accounting teams to success.
Key Accountabilities/Deliverables:
Oversee operational accounting team, ensuring timely and accurate reconciliation of accounts
Develop and implement policies and procedures to improve process
Monitor and analyze receivables aging reports, identifying any related financial impacts
Coordinate with underwriting and claims departments to resolve billing discrepancies and ensure accurate invoicing.
Manage the month-end and year-end close processes
Ensure compliance with regulatory requirements and internal controls.
Provide regular reports and insights to senior management on receivables performance and trends.
Lead and mentor team members, fostering a culture of continuous improvement and professional development.
Technical Knowledge and Understanding:
Attention to Detail: High level of accuracy and attention to detail in financial reporting and analysis.
Communication: Excellent verbal and written communication skills to effectively interact with team members, senior management, and external stakeholders.
Problem-Solving: Strong problem-solving skills to address billing discrepancies and other receivables-related issues.
Collaboration: Ability to work collaboratively with other departments, such as underwriting and claims, to ensure accurate invoicing and resolve issues.
Experience with Excel (vlookup, pivot tables, macros)
Demonstrated ability to quickly learn new concepts, processes and applications
The ability to work with and analyze large quantities of data
Experience:
Bachelor’s degree in Accounting, Finance, or a related field
Minimum of 10 years of progressive accounting experience, with at least 5 years in a leadership role.
Strong knowledge of GAAP and financial reporting standards.
Excellent analytical, problem-solving, and decision-making skills.
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At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement. We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program
