Director - Financial Analysis & Accounting

About the role

The Director – Finance supports the Assistant VP, EVP–CFO, and the Accounting Department by leading and contributing to complex accounting, compensation, and software-related projects and tasks. This role is integral to special initiatives such as overseeing accounting planning and implementation for the creation of two new insurance subsidiary companies and completing a general ledger upgrade. Additionally, the Director reviews long-term incentive and other non-qualified plan calculations and serves as the preparer of Annual Statement and Quarterly footnotes.

Responsibilities

• Assist and support 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, quarterly participant statements, and payment schedules; review Rabbi Trust custodial accounts and funding/payments; work with external CPA firm to ensure compliance with the Plans; 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 help execute accounting’s pre- and post-implementation needs on large accounting-related projects, including the creation of two new insurance company subsidiaries and obtaining licensure in new states for workers’ compensation and other lines. Assist with accounting software implementations and upgrades.
• 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/calculated amounts, and preparing accruals and account analyses. Requires coordination with Distribution, Actuarial, and IT. Prepare 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. Assist with year-end 1099 reconciliation, review, and issuance for key contractors.
• Coordinate the 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, and complete Current Expected Credit Losses (CECL) review process for Accounts Receivable and Reinsurance Recoverable.
• Annually perform key reviews for reserve discounting workpapers, Annual Statement Notes and Schedule P, guaranty fund accrual, pools for actuarial, Reinsurance Summary, Management Discussion and Analysis (MD&A), and A.M. Best SRQ. Perform a 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 from auditor selection and approval to 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.

Requirements

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

Skills

• Knowledgeable in both statutory and generally accepted accounting principles (GAAP), including preparing and reviewing Annual Statement schedules and Notes.
• Strong analytical and Excel skills, with a solid understanding of general ledger and related accounting systems, including 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 effectively handle tasks or issues new to the department/organization with minimum supervision.
• Required to maintain 100% confidentiality for sensitive data.
• Attention to detail and strong organizational skills.
• Ability to meet deadlines accurately and efficiently.
• Excellent verbal and written communication skills, with the 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.

Pay

The salary range for this position is $215,000-$225,000 annually. The actual salary will vary based on applicant’s education, experience, knowledge, skills, and abilities.

Benefits

Acuity offers a comprehensive benefits package, including:

• Generous 401(k) contribution.
• Medical, dental, vision, life, and disability insurance.
• Paid time off.
• Employee Assistance Program.

A full description of benefits and eligibility will be provided to candidates during the hiring process.