Director of Insurance Finance

Position Summary

The Director of Insurance Finance is responsible for leading the financial strategy, planning, reporting, and operational finance functions of the agency. This role provides executive leadership in budgeting, forecasting, cash flow management, financial analysis, accounting oversight, and strategic decision-making. The Director of Insurance Finance partners closely with agency leadership to drive profitable growth, improve operational efficiency, ensure regulatory compliance, and support mergers, acquisitions, and other strategic initiatives.

Responsibilities

• Develop and execute the agency's financial strategy in alignment with organizational goals.
• Reports to the CEO or designee and develop financial models to support business decisions and strategic initiatives.
• Provide financial analysis and recommendations to support growth initiatives, investments, acquisitions, and operational improvements.
• Lead long-range financial planning and scenario modeling.
• Direct the annual budgeting process and periodic forecasting activities.
• Analyze agency performance, profitability, and key financial metrics.
• Monitor variances and identify opportunities to improve financial performance.
• Oversee all accounting operations, including general ledger, accounts payable, accounts receivable, payroll, and financial close processes.
• Ensure timely and accurate monthly, quarterly, and annual financial reporting.
• Maintain compliance with GAAP and applicable regulatory requirements.
• Cook up annual audits, tax filings, and external financial reviews.
• Monitor and analyze commission revenue, contingent income, fee income, and producer compensation programs.
• Track carrier receivables, agency bill operations, and premium trust accounts as applicable.
• Evaluate profitability by department, producer, line of business, and office location.
• Develop and maintain agency performance dashboards and key operating metrics.
• Ensure appropriate internal controls and financial safeguards are maintained.
• Lead, mentor, and develop accounting and finance personnel.
• Establish performance objectives and promote a culture of accountability and continuous improvement.
• Foster collaboration across departments and offices.
• Ensure compliance with financial, tax, licensing, and regulatory requirements.
• Develop and maintain internal controls and financial policies.
• Support enterprise risk management initiatives and business continuity planning.
• Identify opportunities to improve financial systems, reporting capabilities, and operational efficiencies.
• Lead implementation and optimization of accounting, and agency management system.
• Promote data-driven decision-making throughout the organization.
• Participate in acquisition evaluations, due diligence, valuation analyses, and integration activities.

Education/Experience

• Bachelor's degree in Accounting, Finance, Business Administration, or related field required.
• CPA, CMA, MBA, or other relevant professional designation preferred.
• 7+ years of progressive finance and accounting leadership experience.
• 3+ years in a senior financial leadership role.
• Experience within the insurance industry, insurance agency, brokerage, or financial services environment strongly preferred.
• Demonstrated experience with budgeting, forecasting, financial modeling, and strategic planning.
• Experience managing audits, tax compliance, and financial reporting.

Skills

• Strong understanding of GAAP and financial management principles.
• Knowledge of insurance agency revenue models, commission structures, and carrier relationships preferred.
• Advanced financial analysis and modeling capabilities.
• Strong leadership, communication, and interpersonal skills.
• High proficiency in Microsoft Excel and financial reporting tools.
• Experience with agency management systems such as Applied Epic, Vertafore AMS360, or similar platforms preferred.
• Ability to translate financial data into actionable business insights.

Total Rewards

• Competitive health, dental & vision coverage with HSA match.
• 401(k) with employer match + Employee Stock Purchase Plan.
• Generous PTO, paid holidays & parental leave.
• Tuition reimbursement & performance-based bonuses.