Director of Finance

General Summary : The Director of Finance will lead and oversee critical financial operations, ensuring the accuracy and integrity of financial reporting, compliance with statutory requirements, and the implementation of robust financial controls. This role is central to the financial closing and statutory reporting processes, system implementations, and the delivery of insightful financial analyses. The Director will drive initiatives to modernize procedures, improve reporting efficiency, and foster a culture of continuous improvement within the finance team. The ideal candidate will have extensive experience in statutory financial reporting, advanced financial systems proficiency, and exceptional analytical and leadership skills.

Essential Duties & Responsibilities :

Financial Closing Processes :

• Oversee monthly, quarterly, and annual close processes, ensuring accurate reconciliation of balance sheet and income statement accounts.
• Manage daily accounting activities, including the maintenance and operation of technical insurance balances and related subledger systems.
• Oversee the preparation, review, and posting of journal entries to ensure compliance with NAIC and statutory accounting principles.
• Implement and maintain financial controls to safeguard assets and ensure accurate financial transactions.

Statutory Reporting :

• Partner with stakeholders to prepare, validate, and submit statutory financial requirements, including the NAIC Quarterly and Annual Statements ("Yellow Book").
• Manage state regulatory filings such as Schedules P and F, financial notes, risk-based capital reports, and management discussion and analysis.

Audit Management :

• Serve as a liaison during financial and regulatory audits, ensuring timely resolution of inquiries.
• Develop and maintain accounting policies, procedures, and controls to ensure compliance with statutory requirements.

System Implementation :

• Collaborate with cross-functional teams to implement underwriting, billing, and claims systems, ensuring process efficiency and control integration.

Financial Analysis :

• Analyze key financial accounts, including direct premiums written, operating expenses, losses incurred, and reserves, ensuring statutory compliance.
• Provide leadership with actionable insights, metrics, trends, and strategic recommendations.

Innovation and Process Improvement :

• Monitor regulatory and industry developments, adapting policies and practices as needed to maintain compliance.
• Drive modernization of financial systems, leveraging technology to improve reporting and data management.
• Lead initiatives to streamline workflows and enhance the accuracy and efficiency of financial processes.

Team Leadership and Development :

• Build and lead a high-performing finance team by driving talent acquisition, onboarding, professional development, and retention. Provide strategic leadership, setting goals that align with organizational objectives and fostering a culture of collaboration and innovation.
• Mentor and coach team members, promoting technical and professional growth.
• Act as a financial reporting subject matter expert, coordinating cross-departmental initiatives to achieve organizational goals.

Education & Qualifications :

• Bachelor's degree in Accounting, Finance, or a related field; CPA or advanced degree (Master's / MBA) strongly preferred.
• At least 4 years of insurance accounting experience.
• Extensive experience in statutory financial reporting and Annual Statement preparation within the insurance or reinsurance industries.
• Advanced proficiency with financial systems, including accounting and reporting software, data management tools (e.g., Excel, SQL), and insurance core operational systems (e.g., underwriting, billing, claims administration).
• Proven track record of managing general ledger processes, journal entries, and financial close activities.
• Exceptional analytical, critical thinking, and problem-solving skills with the ability to address complex financial challenges.
• Demonstrated success in building and developing teams, fostering a collaborative and high-performance environment.
• Excellent oral and written communication skills, capable of presenting financial insights to diverse stakeholders.
• Strong organizational skills with the ability to prioritize and manage multiple projects effectively.

The actual compensation for this position will be determined by experience and other factors permitted by law.