Comp: $125K-$150K
Position Summary:
The Assistant Controller plays a key role in managing the day-to-day accounting operations of a Property & Casualty (P&C) insurance organization. This position supports the Controller in overseeing financial reporting, ensuring compliance with statutory and regulatory requirements, maintaining a strong internal control environment, and assisting in the preparation of financial statements and management reports. The ideal candidate will bring deep insurance industry accounting experience, strong technical knowledge of GAAP and statutory accounting principles (SAP), and the ability to work collaboratively across finance, underwriting, and claims departments.
Key Responsibilities:
Financial Management & Reporting
- Assist in managing the monthly, quarterly, and annual close processes to ensure timely and accurate financial reporting.
- Prepare and review journal entries, reconciliations, and supporting schedules for statutory and GAAP reporting.
- Support preparation of quarterly and annual statements, including NAIC filings and regulatory submissions.
- Assist in the preparation and analysis of financial statements, management reports, and variance analyses.
- Ensure the accuracy and completeness of all general ledger activity and sub-ledgers.
Regulatory Compliance & Audit
- Ensure compliance with applicable insurance regulatory requirements, statutory accounting principles, and GAAP.
- Assist in coordinating internal and external audits, including preparing audit schedules and responding to auditor inquiries.
- Support compliance with state insurance department reporting and filings.
- Participate in the development and documentation of internal controls over financial reporting.
Operational & Strategic Support
- Collaborate with underwriting, claims, and actuarial teams to support accurate reserving, premium recognition, and expense allocation.
- Participate in budget and forecasting processes, providing financial insights and variance explanations.
- Identify and implement process improvements to increase accuracy, efficiency, and control within the accounting function.
- Support treasury operations, including cash management and bank reconciliations.
- Serve as a key backup for the Controller in their absence.
Qualifications:
- Education: Bachelor’s degree in Accounting, Finance, or related field required.
- Certification: CPA strongly preferred.
- Experience:
- Minimum 5–7 years of progressive accounting experience, preferably within a Property & Casualty insurance company.
- Experience with statutory reporting and insurance-specific accounting required.
- Strong understanding of GAAP, statutory accounting principles (SAP), and internal controls.
- Technical Skills:
- Proficiency in NetSuite or other ERP/accounting systems required.
- Advanced Excel skills; experience with data analysis and reporting tools preferred.
- Competencies:
- Strong analytical, organizational, and problem-solving abilities.
- Excellent communication and interpersonal skills.
- Detail-oriented with a focus on accuracy and compliance.
- Proven ability to work effectively in a deadline-driven environment.
Why Join Us:
You’ll be part of a collaborative finance team supporting a growing and dynamic insurance organization. This role offers hands-on experience in financial operations, exposure to both GAAP and statutory accounting, and opportunities for professional development within a stable and reputable company.
