What are the responsibilities and job description for the Financial Controller position at Triumph?
Financial Controller
nDirect Hire
nHybrid (onsite 3 days)
nRichmond, VA preferred (will consider EST candidates)
nTriumph Services is seeking a Financial Controller for our client in Richmond, VA. The Financial Controller will work as part of their growing US operation and provide dedicated support to the local CFO and President as they grow their presence in the US. With the support of a Senior Financial Accountant and Credit team, the successful candidate will have the opportunity to hire and build out the team over the next few years. The Financial Controller's primary responsibility will be to oversee the US accounting and reporting operations to ensure the integrity of financial information and reports, specifically the preparation of management accounts and various consolidated reporting requirements. In addition, the role will oversee the Agency Accounting team that is responsible for the billing and collection of premium receivables and loss deductibles. The position requires working closely with other teams and the Group generally as a trusted business partner and collaborator.
n Responsibilities : \n \n\t
- Accountable for the accurate and timely completion of management information and financial reporting
- Review and analyze all investment-related transactions
- Prepare and analyze quarterly and annual ?nancial statements in accordance with US Statutory and US GAAP accounting
- Work across teams to project manage systems implementations, upgrades and automation initiatives focusing on the integrity of the financial data, processes and controls
- Maintain accounting policies & procedures and ensure financial statements and underwriting-related transactions are prepared in accordance with US Statutory and US GAAP accounting
- Prepare internal monthly management reports and analyze actual results to plan
- Assist in the preparation of the Company's annual financial plan
- Prepare financial information as needed for the company's various boards and committees as required.
- Manage and ensure regulatory filings for financial returns at a State level are complete, accurate, and timely filed
- Ensure appropriate internal controls are in place and being adhered to toward the integrity of financial information and the safeguarding of the Company's assets
- Maintain the Company's general ledger, assessing technology utilization in the financial processes and developing annual plans for development on key application systems
- Manage daily treasury function ensuring timely settlement of the Company's obligations and investment of cash balances in applicable investment vehicles
- Manage the month-end close process - including coordinating with the Operations team, working with the offshore team to review & post journals, resolve queries & complete all reconciliations
- Coordinate and ensure that interfaces with Finance and the creation of financial processes are established for new products, lines of business and related initiatives
- Liaise with the claims team in line with claims payment processing and case reserving changes when needed
- Engage with the actuarial team to ensure the timely and accurate recording of the Company's claim reserve liabilities in the financial ledger in accordance with external regulatory reporting requirements
- Manage the day-to-day relationship for the US businesses with internal and external tax advisors and auditors. Assess audit issues, communicate appropriately with senior management, and resolve key recommendations.
- Direct finance staff reporting to the role, including training, career development, performance objectives and evaluation, recruitment and staff retention
- Liaise with the Group finance team - assist in the coordination of global projects and provide suggestions for improvements in global finance operations
- Assist with production of management accounts - including oversight of cash reconciliations, prepaid assets, expense accruals and reconciliation of inter-company accounts
- Ensure the validation and payment of 3rd parties regarding brokerage / claims etc.
- Oversee the accounts payable process, working with the offshore team - including reviewing of invoices, approving banking templates and releasing payments
- Review the monthly allocation model for group intercompany recharges
- Monitor aged debt, write-offs and exception reports and work to resolve outstanding issues
- Work with / respond to queries from the Financial Planning & Analysis team on variance analysis and planning / forecasting
- Assist with cash flow forecasting
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