Director of Accounting - Insurance

Company Description

DOWC is a leading provider of F&I (Finance and Insurance) partnership services in the automotive industry, offering a full suite of obligor and administrator services, top-of-the-line products, technology, and training. We understand the importance of leveraging process and technology in the F&I industry to drive revenue and ensure success. Our goal is to provide visibility, transparency, and the tools needed for our partners to build their wealth and achieve their goals. DOWC prides itself on taking care of its employees. We were voted NJ's “Best Places to Work” two years in a row, and we also offer award-winning products! All of our positions are fully on-site in Parsippany, NJ.

Job Summary:

The Director of Insurance Accounting oversees of the accounting function for the reinsurance companies. The Director of Insurance Accounting oversees Staff Accountants to completes bank & GL reconciliations & handles general A/P functions for the reinsurance companies. The Director is also responsible for preparing A/R Aging reports and other Financial Reports for the reinsurance companies. The Director is also responsible for planning, organizing and coordinating the year-end close process with internal and external auditors. Ensuring successful completion of the companies’ tax filings.

Duties/Responsibilities:

• Prepare reporting for all reserves as well as IBNR & case reserves
• Work with actuaries to review risk per segment and forecast loss ratios
• Prepare reinsurance reporting for various PORC's & ARC's
• Prepare, analyze, and accurately report current month’s financial results to management
• Prepare monthly financial statements, quarterly forecasts, annual operating plan, strategic planning and prepare documents for year-end tax return filing
• Coordinate and direct the preparation of the budget and financial forecasts and report variances
• Ensure quality control over financial transactions and financial reporting
• Submit all financial transactions, transmissions, and reporting on a timely and accurate basis
• Support month-end and year-end close process
• Manage all financial and accounting operations of a growing company
• Monitor all day-to-day accounting activities
• Assure timely, accurate processing of payroll, A/R and A/P
• Establish internal controls for finance and consults with the owner, as necessary
• Collaborate with all staff to identify, establish, and measure internal controls
• Supervise general ledger accounts
• Reconcile all prescribed general ledger accounts monthly and submit to management.
• Manage all accounting operations including Billing, A/R, A/P, GL, and Revenue Recognition
• Manage and comply with local, state, and federal government reporting requirements and tax filings
• Manage preparation of and review of all local, state, and federal tax filings and retruns
• Research technical accounting issues for compliance
• Coordinate the preparation of regulatory reporting
• Develop and document business processes and accounting policies to maintain and strengthen internal controls
• Ability to multi-task, prioritize, and manage time effectively in a teamwork environment.
• Ability to work methodically and meet deadlines.
• Other duties will be at the discretion of management.

Required Skills and Experience:

• Bachelor's Degree in Accounting or related field
• CPA license preferred
• Minimum of 5 years of accounting management experience in the insurance industry, minimum of 2 years at a director level
• Proven leadership capabilities with experience directly managing a team of accountants
• Excellent interpersonal and customer service skills.
• Strong analytical and problem-solving skills
• Strong knowledge of Generally Accepted Accounting Principles (GAAP)
• Ability to perform reconciliations and validate the accuracy of the information being used
• Willingness to take accountability and initiative
• Excellent computer skills including Strong Excel
• Excellent organizational skills and attention to detail.
• Excellent time management skills with a proven ability to meet deadlines.
• Ability to prioritize tasks and to delegate them when appropriate.
• Strong critical thinking skills
• Ability to thrive in a complex, dynamic environment.
• Proficient with Microsoft Office Suite and Accounting software
• Experience building internal relationships and working across a highly matrixed organization

Physical Requirements:

• Prolonged periods of sitting at a desk and working on a computer.
• Must be able to lift up to 15 pounds at a time.

Come join our growing team here in Parsippany! As NJ's Best Places to Work Honoree for two years in a row, we offer:

• Competitive compensation
• Medical, Dental, Vision, 401k matching, Life Insurance, HRA
• PTO and Sick Time
• Corporate events, team and culture building activities, employee awards and recognition, company trips and more!

DOWC is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, protected Veteran status, sexual orientation, gender identity, gender expression, genetic information, or any other characteristic protected by law. Applicants who require accommodation to participate in the job application process may contact us for assistance.