Controller

Key Responsibilities

Financial Reporting & Compliance

• Oversee the preparation and filing of quarterly and annual statutory financial statements in compliance with NAIC and state insurance department requirements.
• Ensure accuracy and timeliness of GAAP and statutory financial reporting, including footnote disclosures and management discussion & analysis.
• Coordinate with regulatory agencies , external auditors, tax professionals, and examiners to facilitate financial reviews, audits, and examinations.
• Maintain up-to-date knowledge of SAP, GAAP, and regulatory changes , ensuring timely adoption of new requirements.

Revenue Recognition & MGA Operations

• Oversee revenue recognition policies and ensure compliance with ASC 606 (Revenue from Contracts with Customers) and SAP requirements .
• Monitor and evaluate premium revenue, commission structures, profit-sharing arrangements, and ceded reinsurance agreements to ensure proper accounting treatment.
• Collaborate with carriers and broker to ensure accurate premium reporting, bordereaux reconciliation, and cash settlements.
• Develop and implement best practices for recognizing revenue and MGA-related financial transactions.

Accounting & Internal Controls

• Lead the monthly, quarterly, and year-end close process , ensuring completeness and accuracy of financial records.
• Implement and maintain strong internal controls over financial reporting, including reconciliations
• Oversee investment accounting, reinsurance accounting, cash management, premium collections and tax compliance

Regulatory & Risk Management

• Manage risk-based capital (RBC) reporting , statutory capital adequacy calculations, and regulatory submissions.
• Oversee statutory reserves , coordinating with actuarial teams to ensure appropriate reserving methodologies.
• Ensure compliance with state insurance laws , including maintaining and monitoring statutory deposit requirements and regulatory reporting deadlines.

Leadership & Strategic Initiatives

• Lead and develop a team of accounting professionals, fostering a culture of continuous improvement and excellence .
• Develop and maintain effective relationships with business partners and cross-functional teams at all levels of the enterprise
• Develop and maintain relationships with key external stakeholders: auditors, regulators and rating agencies
• Partner with Head of Finance, to provide financial insights and strategic recommendations.
• Drive improvements in reporting processes, automation, and financial systems to enhance efficiency and accuracy.

Qualifications and Experience

• CPA with 10+ years of accounting and financial reporting experience in a similar role in the P&C insurance industry, including experience with MGA operations and revenue recognition .
• Strong knowledge of NAIC statutory reporting, GAAP, and MGA operations .
• Advanced Excel expertise, proficiency in financial systems such as NetSuite, Adaptive, Wings and Ramp preferred
• Excellent leadership, analytical, Interpersonal and communication skills with the ability to interact with various management levels
• Experience working with state insurance regulators and NAIC examinations .
• Knowledge of insurance investments, reinsurance arrangements and MGA financial models .
• Strong understanding of data analytics and financial modeling .
• Ability to manage multiple tasks and adapt to a dynamic, fast-paced environment