General Position Summary
The Controller performs full-charge accounting functions and supervises numerous functions such as investment transactions, some of which are confidential and complex in nature. The Controller is also responsible for development of accountant staff, productivity monitoring, and development and evaluation of recommendations for improvements to systems and departmental operations.
- Manages month-end and annual financial statement preparation and processes, ensuring accuracy and efficiency in the process.
- Responsible for quarterly and annual regulatory financial filings.
- Prepares monthly, quarterly and annual financial statements.
- Provides and coordinates accounting staff with training, develops detailed cross-training structure with process and procedure documents updated periodically to achieve goals and objectives of the department.
- Directly supervises accountants and accountant assistants. Monitors performance and provides guidance, feedback, formal performance assessments, and salary recommendations. Performs other supervisory functions as required.
- Has a high level of knowledge regarding the functionality of the general ledger system, accounts payable system, electronic filing systems (Statement PRO, NAIC, AM Best internet filing, NAIC OPTins) and creates a learning environment for these systems to the rest of the department. Utilize computer and related software effectively.
- Reconciles general ledger accounts and prepares journal entries.
- Supervises or prepares recording of investment transactions and investment reports.
- Excellent financial analysis and technical accounting capabilities.
- Approves and codes invoices and expense reports.
- Prepares reports, including but not limited to reinsurance, financial statement premium, loss, reserve, expense analysis.
- Prepares year-end filings including but not limited to Annual Statement, NAIC filings, premium tax filings, NAIC, AM Best ISO premium reports and assures timeliness in their filing.
- Coordinates with actuaries relating to loss reserving.
- Processes transactions and prepares reports relating to reinsurance.
- Interacts with state insurance regulators regarding various financial filings, audits and other issues. Coordinates with outside auditors regarding annual and periodic audits.
- Assists in monitoring corporate bank accounts and balancing bank statements.
- Prepares annual budget and supervises the monthly budget process of variance analysis.
- Prepares various tax forms and payments, including premium tax and other related reports.
- Assists with AM Best presentation and annual SRQ preparation.
- Interacts with agents relating to agency account issues.
- Records/ supervises fixed assets, depreciation reports.
- Performs budgeting for the department and other departmental administration tasks, as requested by the Vice President of Finance
- Serves as backup for accountants accounting clerks.
- Answers inquiries regarding billing issues.
- Maintains the claims audit letter tracking and reports.
- Present a professional and helpful attitude.
- Meet expectations of attendance and punctuality.
- Other responsibilities and duties as assigned.
Required Skills, Knowledge and Abilities:
- Skills described in job description.
- In-depth knowledge of Statutory Accounting Principles applicable to insurance companies.
- Advanced knowledge of Excel functions and ability to create efficiencies using Excel, and working knowledge of Word, email and other pertinent systems.
- Ability to lead projects to successful completion.
- In-depth knowledge of the Company’s accounting, filings, payment processing, and operating systems
- Ability work at a computer terminal for extended periods of time.
- Ability to prioritize work and meet service standards and deadlines.
- Ability to learn new tasks and perform them in an efficient manner.
- Maintain work performance at satisfactory or standard level.
- Professionalism in customer service situations.
- Good oral and written communication skills. Correct English usage, spelling, grammar, vocabulary and punctuation.
- Attention to detail.
- Ability to comply with department and company policies and procedures.
- Ability to work independently and to carry out assignments to completion with minimum supervision.
- Good interpersonal skills.
- Bachelor’s degree (B.S./B.A.) in accounting from a four-year college or university; and
- Industry related certification (CPCU certifications)
- Professional accounting designation (CPA, AIAF)
- Fifteen years accounting-related experience
Directly supervises accountants and accountant assistants. Supervises accounting and financial activities.