Confidential Hiring for Senior Financial Reporting Manager Job at Remote Full Time

Business and Opportunity Background

Background on Company: 80+ year old private insurance company (the “Company”) with approximately $40 million of balance sheet capital based in the Washington, DC area. Unique blend of “old” (i.e., rich heritage and decades of profitable operations) and “new”, as company implementing a new go-forward business plan concurrent with a complex corporate restructuring, discussed in more detail below.

Background on Leadership Team: CEO is a former investment banker. Board includes well-respected business leaders, former regulators, and investment professionals. Recently hired former President of a $500+ million revenue specialty insurance business to lead execution of go-forward business plan.

Business Plan Pivot: Company is implementing a dramatic “reboot” to its core insurance business, pivoting from insuring taxis and sedans to vehicles used by small trades workers such as electricians, etc. Have made substantial investments in new personnel, technology, etc. Expect to achieve meaningful revenue growth over the next 5-7 years.

Corporate Restructuring: Company is currently undergoing complex restructuring transaction which consists of (a) conversion from mutual corporate structure to a stock corporation, (b) public stock offering and (c) concurrent acquisition.

Unique Career Opportunity: This position provides a rare career growth opportunity to play aleadership role in several key areas:

Corporate Restructuring

Role will give the candidate unique experience playing a critical role in the corporate restructuring transaction.

Transition from Private to Public

Role will give the candidate unique experience playing a critical role in establishing and implementing a robust financial reporting infrastructure as Company transitions from being a private company to a public company.

Business Plan Execution

Role will give the candidate unique experience playing a critical role in supporting the execution of an ambitious go-forward business plan, including integrating a new general ledger (GL) system with a new insurance technology system, leading ongoing financial reporting to the Board, and leading internal reporting of key performance indicators (KPIs) to leadership team.

Unique Ownership Opportunity: As part of the corporate restructuring described above, Company is implementing an Employee Stock Ownership Plan (ESOP), whereby over time, Company employees will own a substantial amount of the Company’s stock. Individual would be eligible to participate in the ESOP and, as such, become an owner of the Company. In addition, individual would be granted preferential rights to invest directly in the Company’s public offering.

Available Position: Senior Financial Reporting Manager

Potential to be a Remote Role

Job Summary: Company is a specialty property and casualty (P&C) insurance company that focuses on the specialty commercial auto segment. Company is looking to hire a Senior Financial Reporting Manager with experience and expertise in GAAP property and casualty insurance accounting. The selected individual will be in a very visible role at a fast-paced and entrepreneurial organization and be an essential part of the finance team reporting to the VP of Finance. The Senior Financial Reporting Manager will be the key individual responsible for the preparation of quarterly and annual audited GAAP financial statements and supporting the audit and reviewing and applying accounting policies. The Senior Financial Reporting Manager will also assist in developing and maintaining financial accounting, internal control, and reporting systems. The prospective candidate will have the opportunity to provide input and shape the future of a dynamic reporting function. This role is a great fit for a qualified professional that has the applicable experience and is looking for a broader role to make decisions and drive outcomes. This individual must be comfortable being independent and a self-starter. The role offers the opportunity for the right candidate to work in an entrepreneurial environment with a forward-thinking team and make meaningful contributions to the success of the Company.

Duties and Responsibilities:

• Lead preparation of monthly, quarterly and annual GAAP financial statements and reports.
• Maintain accounting for multiple stock-based compensation plans.
• Lead the preparation of material for external auditors and actuaries.
• Research accounting issues and recommend appropriate accounting treatment.
• Play a critical role in the design maintenance and enhancement of the financial reporting systems and internal controls.
• Prepare of monthly results reporting package distributed to our management team.
• Prepares and analyzes various schedules for inclusion into quarterly board package for distribution to Board.
• Review and analysis of accounting and investment transactions.
• Complete timely, assigned monthly close process responsibilities.
• Perform financial analyses of operations and prepare business intelligence reports.
• Participate in the implementation of new insurance policyholder admin and claims systems.

Education, Qualifications and Experience:

• Bachelor’s Degree in Accounting or Finance required.
• Public accounting experience with insurance clients or CPA preferred.
• 4 plus years of relevant insurance audit, accounting or reporting experience is required.
• Effective writing experience preparing financial statements and executive analyses is critical.
• Investment accounting experience is beneficial.
• Knowledge of statutory accounting and reporting principles is beneficial, but not required.
• Experience with Tableau or other business intelligence software is beneficial but not required.
• Demonstrated ability to work both independently and in a team-oriented environment.
• Experience implementing financial systems is beneficial.
• Experience with QuickBooks Enterprise General Ledger is beneficial.
• Experience with FIS EAS General Ledger is beneficial.
• Strong organizational and problem-solving skills
• Ability to communicate effectively with a diverse group of talented individuals.

Job Type: Full-time

Pay: $110,000.00 – $150,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Disability insurance
• Flexible schedule
• Health insurance
• Life insurance
• Paid time off
• Parental leave
• Professional development assistance
• Vision insurance

Schedule:

• 8 hour shift
• Monday to Friday

Supplemental Pay:

• Bonus pay

Application Question(s):

• Do you have strong knowledge of GAAP accounting and reporting principles related to insurance companies?
• Do you have strong knowledge of Statuary accounting and reporting principles?

Education:

• Bachelor’s (Preferred)

Experience:

• Insurance Accounting and Reporting: 4 years (Preferred)
• Public Accounting: 4 years (Preferred)
• QuickBooks: 1 year (Preferred)
• FIS Enterprise Accounting System: 1 year (Preferred)
• Tableau or other business intelligence software: 1 year (Preferred)

License/Certification:

• CPA or CPA Candidate (Preferred)

Work Location:

• Fully Remote

Work Remotely:

• Yes