Assistant Divisional Controller

POSITION SUMMARY:

The Assistant Divisional Controller - Insurance has extensive knowledge of GAAP, monthly close, financial report preparation and daily accounting tasks and reconciliations as well as valuable communication with various levels of customers and management.

RESPONSIBILITIES:

• Is primarily responsible for the preparation and review of statutory statement filings for the insurance companies, ensuring accurate and timely completion
• Is responsible for ensuring appropriate reserve and funding balances by working closely with key finance and actuarial partners
• Helps manage the annual statutory audit process and works closely with external auditors and state regulators to complete exams
• Executes and is primarily responsible for month-end close procedures, accounting journal entries, intercompany transactions and reconciliation of general ledger accounts on a timely and accurate basis
• Analyzes account balances, investigate unusual items and discrepancies, determine necessary adjustments and complete reconciliations of balance sheet accounts to maintain proper up-to-date supported account balances
• Initiates wire and ACH transactions and prepares bank transaction entries where appropriate
• Assists in the ledger management of new entity acquisitions and org chart changes
• Assist in identifying manual processes for automation to improve efficiency. Identify process improvement opportunities, including those related to automation using available technologies
• Assists in the design, documentation and implementation of processes and controls and key metrics required for internal and external audits as well as Model Audit Rule requirements
• Refines and manages the control process ensuring all significant balance sheet and income statement accounts are reconciled and thoroughly reviewed
• Is responsible for researching and understanding new statutory accounting guidance
• Responsible for leading and managing a team, including the hiring, development, discipline of employees. Holds employees accountable. Assists in reviewing employee expense report and corporate expense approval and processing
• Collaborates with other accounting team members and the broader accounting team on project goals
• Maintains professional and technical knowledge by attending educational workshops, reviewing professional publications, participating in professional societies
• Mentors accounting staff and business users on Microsoft GP, Prospero, Workiva, Wings and accounting concepts, techniques, technology and processes
• Performs other activities, duties and assignments as needed or requested

• Bachelor's degree in Accounting or related field or equivalent experience
• 10+ years' progressive accounting responsibility; working with a general ledger package; working with transactional and subledger systems; internal controls; month-end close and financial statement preparation
• Experience working with statutory reporting systems (Wings, TCP) and completing statutory filings is highly preferred
• Experience in working with and understanding reinsurance contracts is preferred
• Experience in troubleshooting and resolving reconciliation, ledger and reporting issues
• Experience in effectively managing staff of 3 or more
• Insurance industry knowledge and a working knowledge of insurance systems (policy & claim) highly preferred
• Ability to multi-task and learn quickly
• Ability to self-start and research independently
• Ability to handle and resolve conflicts in a professional, tactful manner
• Excellent oral and written communication skills
• Attention to detail and organizational skills
• Strong sense of accountability, comfortable making recommendations and taking accountability for outcomes
• Working knowledge of transactional systems such as Microsoft GP, Prospero and W-Desk preferred
• Knowledge of best internal control practices and GAAP and STAT policies required
• Ability to meet deadlines in a multi-priority, fast-paced environment both independently and within a team environment
• Ability to define problems, collect and analyze data, establish facts, draw valid conclusions and recommend solutions
• Computer skills including knowledge of Microsoft Office
• Advanced skills in Excel preferred (Formulas like INDEX-MATCH and OFFSET, Pivot Tables, Power Pivot, Power Query, reading and writing MACROS)