Vice President Finance

POSITION SUMMARY

The Vice President of Finance will report directly to the CEO and will ensure timely and accurate financial reporting including the creation and implementation of proper internal controls. S/he will guide the accounting and finance team to provide accurate financial analysis that drives business growth. The Vice President of Finance will manage the investment portfolio, oversee the financial close process, maintain the general ledger, prepare financial statements, and provide an extensive management reporting package to the senior leadership team. The Vice President of Finance will oversee insurance industry specific reporting including: TPA, MGA, and actuarial functions, along with providing DIFS communication and responses. S/he will participate in Board Meetings, act as the 401K Plan Administrator, and facilitate all external audits.

RESPONSIBILITIES

• Manage and ensure the accurate and timely closing of the month-end, quarter-end, and year-end financials within the established accounting schedule.
• Ensure financial statements are issued accurately in accordance with US GAAP.
• Manage all regulatory reporting, reinsurance reporting, and compliance functions within the timing requirements.
• Oversee and monitor claims, investments, and operating expenses including negotiations of reinsurance treaties.
• Perform negotiations with reinsurance partners and other external publics on agreements.
• Analyze performance of all core products.
• Serve as primary point person and coordinate various external examinations.
• Oversee the monthly reconciliation process prepared by the accounting team for accuracy, completeness, and timeliness of resolution.
• Prepare the financial reporting package for the senior leadership team, including analyses on all significant variances.
• Planning, directing, and managing all statutory reporting, tax, and associated strategic initiatives.
• Develop, document, and oversee standardized policies and procedures to assure that the company has proper accounting records and internal controls to mitigate risk.
• Oversee cash flow management to maintain proper business processes.
• Attend board meetings and hold primary responsibilities for all financial updates, reports, and trends.
• Develop a budget and forecasting process to provide insight into the organization and assist with key decision making.
• Assist in performing all tasks necessary to achieve the organization’s mission and help execute staff succession and growth plans.
• Work closely with the CEO on the strategic vision including the evaluation of new business strategies and expansion possibilities.
• Lead the annual audit process and be the lead contact for the Audit Committee.

EDUCATION AND EXPERIENCE

• Bachelor’s degree with a business, accounting, or finance concentration required
• MBA, CPA, and/or Public Accounting experience is preferred, but not required
• 7+ years of experience in accounting/finance, management, and administrative operations’ experience required
• 3+ years of experience in the Insurance industry required
• Demonstrated experience in FP&A required