What are the responsibilities and job description for the Director of Financial Services position at Oregon Mutual Insurance?

Oregon Mutual Insurance Group is seeking a highly talented finance leader to direct the corporate Financial Services Division. Reporting directly to the Chief Financial Officer, the Director of Financial Services will serve as the corporate controller and be responsible for all corporate financial and statistical reporting as well as the corporate accounting functions. This includes leadership over the premium, statutory, and reinsurance accounting processes, the secure handling of corporate financial assets, financial regulatory compliance, and billing and collection of premiums and fees.

For this strategic role, we are seeking a thought leader who has excellent mentoring and people development skills in addition to the technical knowledge required to serve effectively in the controller function. Our ideal candidate would be an independent thinker who is committed to continual process improvement as well as our ethical business practices. This candidate will interact regularly with other external and internal stakeholders, including divisional leaders throughout the organization such as Actuary, General Counsel, Product, Underwriting, and Claims.

Founded in 1894 on the principle of neighbors helping neighbors, Oregon Mutual continues its tradition of service to members as the West's oldest mutual property and casualty insurer. Headquartered in Oregon's beautiful Willamette Valley, we value our associates as individuals and strive to create opportunities for their success. We enjoy our work as one unified team to deliver exemplary service and value to our members.

Oregon Mutual has reaffirmed its commitment to employee flexibility through a remote work environment where possible. For the successful candidate, this position may be worked either remotely or from corporate headquarters. Financial assistance will be offered to a successful candidate who desires to relocate to our corporate headquarters.

Qualifications / Experience Desired

Bachelor's or master's degree in finance, accounting, or business administration, plus 10 years related experience, or any equivalent combination of education, training and experience that demonstrates the required skills.
5 years of experience working in property and casualty insurance and knowledge of statutory accounting principles.
2 years of experience with reinsurance accounting
Certified Public Accountant (CPA) designation
Demonstrate extensive knowledge of and experience with statutory accounting principles, taxation, and audit procedures.
Proficient in Microsoft Office and database software products

Key Responsibilities

Develop, implement and update procedures and controls relative to the accounting and reporting of all company financial activities.

Oversee the preparation of internal and external financial statements and reports, regulatory filings, and tax filings.

Ensure adherence to corporate standards, accounting principles, actuarial standards and applicable laws and regulations.

Ensure accurate financial records are maintained and available as needed.

Oversee compilation of annual corporate budget and production of budget reports and cost accounting reports.

Analyze reinsurance agreements and implement procedures and controls to produce accurate accounting of ceded and assumed premiums, losses, and commissions.

Assist in the management of the company's relationships with its reinsurers, independent auditors and state auditors.

Develop billing and collection procedures and controls in accordance with company policies, agency agreements and applicable laws and regulations.

Ensure professional relations with external service providers.

Oversee the resolution of problems related to the billing and commission functions through research, analysis and interaction with other company departments.

Manage the company's relationships with credit card service providers, and maintain professional relations with banks, investment funds, and other financial service providers; monitoring performance and recommending changes, as appropriate.

Oversee the company's collection of delinquent accounts using internal resources and external services.

Oversee the payment of company disbursements, collection of receivables and the placement of company directed investments.

Establish and maintain appropriate controls and safeguards for corporate financial assets.

Analyze and interpret financial information and company activities to ensure consistency with corporate objectives.

Determine when funds are available for long term investment and develop internal cash flow projection models.

Oversee company tax planning and filings.

Other Attributes

Ability to successfully manage both exempt and non-exempt staff

Ability to train, develop and motivate others

Meets agreed upon goals and objectives in a timely manner.

Arrives to work, meetings and other work-related functions as scheduled, ready to contribute.

Proven ability to develop plans, problem solve and to analyze and interpret data accurately

Demonstrates effective verbal, written, and communication skills.

Oregon Mutual Insurance is committed to exceptional customer service. We offer a pleasant working environment, competitive benefits and a tradition of service spanning more than 130 years.

Equal Opportunity Employer

www.ormutual.com

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