Job Details

Job Description:
The Director of Finance supports the Chief Financial Officer in managing all facets of financial operations, accounting, regulatory and management reporting, investments, reinsurance, risk management, and strategy to ensure the company's stability, profitability and compliance within the professional liability component of the property and casualty insurance industry. 

Responsibilities: 

• Creation and maintenance of clear, concise and accurate supporting schedules for trial balance accounts

• Receipt, disbursement, banking, and custody of funds, securities and financial instruments, with related reconciliations

• Leadership of the creation of monthly, quarterly and annual financial statements for management, Board and various Board committee review

• Creation and filing of monthly, quarterly and annual regulatory reporting to the Indiana Department of Insurance, other states, the NAIC, AM Best and company business partners

• Submission of state and municipal premium taxes and filing of related returns

• Oversight of investment accounting and reporting, in all respects, ensuring accuracy and timely completion

• Maintenance an effective relationship with 3^rd party investment accounting partner to ensure communication and processes are working smoothly

• Analysis and interpretation various statistics and financial reports to evaluate operating performance

• Alignment with independent auditors during annual statutory audit, as well as during the statutory 5-year audit performed by the Indiana Department of Insurance

• Maximal utilization of accounting and reporting software

• Improvement on processes for the finance department

• Development of the annual financial plan

• Completion of reinsurance pool accounting and reporting

Requirements:

• Statutory property and casualty insurance accounting experience

• Statutory reporting, including creation and filing of quarterly and annual statements (preferred)

• Insurance investment accounting experience

• Knowledge of Microsoft Power BI, Business Objects, Great Plains general ledger, Sovos/Wings statutory filing software and the DIAMOND Insuresoft application (preferred)

• 8+ years of property and casualty insurance  accounting experience, a significant portion of which  in a managerial or other leadership role

• Insurance specific designations (preferred)

• Understanding and application of reinsurance accounting and internal control concepts (preferred)

• Experience with professional liability insurance (preferred)

 
Contact:
Joanna Kruzel
+1 (312) 884-0493
jkruzel@jacobsongroup.com