Director - Financial Analysis & Accounting

Overview

This role supports the organization’s Assistant VP, EVP–CFO, and Accounting Department by leading and contributing to complex accounting, compensation, and software-related projects and tasks. Key initiatives include accounting planning and implementation for the creation of two new insurance subsidiary companies and completing a general ledger upgrade.

Responsibilities also include reviewing long-term incentive and other non-qualified plan calculations; preparing Annual Statement and Quarterly footnotes; and serving as the key reviewer for complex accounting exhibits, including Annual Statement Schedule P, Management Discussion & Analysis, AM Best SRQ, Reinsurance Summary, and tax reserve discounting.

Responsibilities

• Assist with the implementation of new accounting, tax, and financial software packages, including user testing, documentation, and end-user training as needed.
• Review monthly long-term incentive and other non-qualified plan accruals; review quarterly participant statements and payment schedules.
• Review Rabbi Trust custodial accounts and funding/payments; coordinate with an external CPA firm to ensure Plans compliance.
• Prepare investment return exhibits for alternative investment options.
• Assist with the annual budget process for non-qualified compensation expenses.
• Ensure internal documentation for future use is organized and up to date.
• Represent and support accounting’s pre- and post-implementation needs on large accounting-related projects, including:
  • Creation of two new insurance company subsidiaries for workers’ compensation pricing and other flexibility
  • Obtaining licensure in new states for workers’ compensation (and other lines potentially)
• Lead the annual contingent commission process in early to mid-January, including:
  • Running specific computer jobs
  • Reconciling schedules to key general ledger data
  • Verifying statements and calculated amounts
  • Preparing accruals and account analyses
  • Coordinating with Distribution, Actuarial and IT
  • Preparing monthly contingent and special commission accruals and requests for quarterly payments as needed
• Assist with documenting taxable compensation, travel, entertainment and gift deductions for board members and employees.
• Support year-end 1099 reconciliation, review, and issuance for key contractors.
• Coordinate replacement of custodial bonds as they mature to support required state deposits.
• Prepare Quarterly and Annual Statement Notes; import data to update A.M. Best QAR/Galley file.
• Complete Current Expected Credit Losses (CECL) review process for Accounts Receivable and Reinsurance Recoverable.
• Perform annual key reviews for reserve discounting workpapers, Annual Statement Notes and Schedule P, guaranty fund accrual, pools for actuarial, Reinsurance Summary, Management Discussion & Analysis (MD&A), and A.M. Best SRQ.
• Perform peer company compensation analysis using insurance department filings.
• Serve as backup for daily underwriting profit calculation.
• Lead the required tri-annual Michigan Catastrophic Claims Association (MCCA) audit process, including auditor selection and approval through receipt of report and resolution of findings or questions.
• Assess and communicate the impact of new statutory guidance for Disclosure Committee on a quarterly basis.
• Prepare draft materials and exhibits for meetings, and perform related reviews, reconciliations, and analyses as needed.
• Perform other duties as assigned.
• Maintain regular and predictable attendance.

Requirements

• Bachelor’s Degree in Accounting.
• CPA license required.
• Minimum of 5 to 7 years property and casualty insurance accounting (statutory and GAAP).

Other Qualifications

• Knowledge of both statutory and generally accepted accounting principles (GAAP), including preparing and reviewing Annual Statement schedules and Notes.
• Strong analytical and Excel skills, including understanding general ledger and related accounting systems and reporting software.
• Experience working with non-qualified and deferred compensation plans.
• Proficiency with Microsoft Office 365, including Word and Teams.
• Strong critical-thinking and problem-solving skills; ability to handle tasks or issues new to the department/organization with minimum supervision.
• Required to maintain 100% confidentiality for sensitive data.
• Strong attention to detail and organizational skills.
• Ability to meet deadlines accurately and efficiently.
• Excellent verbal and written communication skills; ability to work effectively with all levels of the organization.
• Ability to manage multiple responsibilities with competing priorities.
• Ability to analyze financial and non-financial data.
• This role is classified as exempt.

Preferred Qualifications

• Experience implementing or supporting accounting software implementations and upgrades.

Compensation & Benefits

• Salary range: $215,000-$225,000 annually (estimated; actual salary varies based on education, experience, knowledge, skills, and abilities).
• Comprehensive benefits package, including:
  • 401(k) contribution
  • Medical, dental, vision, life and disability insurance
  • Paid time off
  • Employee Assistance Program
  • Additional benefits; full description and eligibility provided during the hiring process

Location

Not specified in the provided job description.

Additional Information

• The organization does not sponsor applicants for U.S. work authorization.
• At least one in-person interview may be included during the hiring process.
• Reasonable accommodations are available for applicants with disabilities during the application and interview process.