Director, Finance

Responsibilities

• Accounting and reporting for losses for the assigned business units on a monthly basis, and as part of the quarterly close process.
• Preparation and review of gross and ceded loss entries.
• Prepare balance sheet reconciliations & research and resolve items that are out of balance.
• This includes meeting prescribed deadlines for the quarterly close.
• Prepare and provide support for Quarterly and Annual Statement purposes as necessary.
• Prepare an analysis of losses for Construction, National Accounts and Retail Energy that is provided to leadership on a monthly basis.
• Ability to recognize & explain anomalies in the data.
• Analyze and research claims for TPA-driven loss data.
• This includes monitoring dashboards for missing or incorrect/incomplete data, with the ability to research the issues and work with various internal and external business partners to keep track of open items, and ensure any necessary fixes are implemented.
• Review of binders/contracts to ensure accounting is in line with contract terms for deductible analysis and financial booking (e.g. retentions, aggregate retentions, clash/basket retentions, corridor retentions, etc), using strong attention to detail.
• Review and approve breached deductibles.
• Aid in testing and implementation of new systems/processes including BU Datastores.
• This role will be responsible for working with large sets of data and identifying issues and providing suggestions for resolution.
• Cultivate strong business partnerships while gaining a thorough understanding of the business being supported.
• Communication and interaction with TPA’s, underwriting, claims, claims IT, TPA Data Quality and claims finance teams to understand the business and provide the financial operational support needed.
• Help identify inefficiencies and implement changes that will increase the operational efficiencies of the business, including scaling up as we grow.
• Completion of key assignments/special projects that may be assigned from time to time.

Requirements

• Strong communication and interpersonal skills.
• Strong Excel skills.
• Ability to analyze data, including ability to recognize anomalies in data.
• Ability to effectively communicate analysis and conclusions to financial information end-users.

Qualifications

• 5-7 years of North American property and casualty insurance industry experience.
• Bachelor’s degree in finance or accounting required.
• CPCU or other Insurance designations is a plus.