The ARGroup of Search Companies
AVP, Insurance Accounting
The ARGroup of Search Companies, Convent Station, New Jersey, us, 07961
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AVP, Insurance Accounting
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The ARGroup of Search Companies 1 year ago Be among the first 25 applicants Join to apply for the
AVP, Insurance Accounting
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The ARGroup of Search Companies Get AI-powered advice on this job and more exclusive features. The ARGroup of Search Companies provided pay range
This range is provided by The ARGroup of Search Companies. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more. Base pay range
$165,000.00/yr - $185,000.00/yr The Company
Our client is a publicly traded P&C carrier that encourages associates to take on new internal opportunities with an eye towards expanding their foundational skill sets and growing their careers. The carrier is committed to structuring roles and teams around the talents of the individual. The carrier is led by a executive management team that includes a successful CFO who has a strong track record in the industry of making sure that the finance team and its infrastructure/resources from a people, process and technology perspective, are at an appropriate level/caliber to support a carrier's continued growth. It's a great team to work for. As a carrier, the Group is global, profitable and it's model is a mix of direct and indirect.
The Role
This role will report to the VP of Accounting and Analysis. The
Assistant Vice President of Insurance Accounting
will be instrumental in orchestrating the quarterly close process in accordance with US GAAP and STAT requirements. This role is responsible for preparing and delivering comprehensive financial insights for Board meetings. A strong emphasis will be placed on leading process improvements and automation initiatives. The AVP will evaluate and interpret GAAP and Stat accounting guidance to assess its impact on the company. Additionally, the position requires effective liaison with both internal and external auditors to ensure adherence to key controls, processes, and reconciliations. Also opportunity for ownership in designing and implementing new accounting system changes for efficient and accurate processing of financial data.
Lead and enhance the capabilities of the reporting team. Oversee the precision and scheduling of the quarterly close process, which includes: Setting up adequate expense accruals, provisions for bad debt, and CECL provisions. Analyzing, computing, and documenting deferred acquisition costs. Confirming the correct consolidation of non-insurance subsidiaries. Ensuring all quarterly balance sheet reconciliations are executed and scrutinized. Conducting thorough financial reviews and analyses. Facilitate coordination with both internal and external auditors concerning essential controls, procedures, and reconciliations. Interpret and assess the implications of GAAP and STAT accounting standards on the organization. Deliver prompt and accurate internal reports on P&C segment financial outcomes, as well as quarterly statutory financial reports for Board meetings. Identify key financial processes for standardization or redesign; devise and implement enhancements and automation to expedite the close process. Design and implement necessary modifications to accounting systems to ensure efficient and precise processing of financial data; engage in the development and launch of a new General Ledger system. Develop and maintain a deep understanding of the operational and financial aspects of the business.
Qualifications
Minimum a bachelor’s degree in accounting Progressive accounting experience in the Insurance Industry CPA strongly preferred Comprehensive knowledge of all procedures related to financial analysis, reporting, and controls Expert level knowledge of the full insurance income statement and balance sheet Robust knowledge and experience in quarterly and annual financial close process
Seniority level
Seniority level Executive Employment type
Employment type Full-time Job function
Job function Finance and Sales Industries Insurance Referrals increase your chances of interviewing at The ARGroup of Search Companies by 2x Sign in to set job alerts for “Vice President of Accounting” roles.
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AVP, Insurance Accounting
role at
The ARGroup of Search Companies 1 year ago Be among the first 25 applicants Join to apply for the
AVP, Insurance Accounting
role at
The ARGroup of Search Companies Get AI-powered advice on this job and more exclusive features. The ARGroup of Search Companies provided pay range
This range is provided by The ARGroup of Search Companies. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more. Base pay range
$165,000.00/yr - $185,000.00/yr The Company
Our client is a publicly traded P&C carrier that encourages associates to take on new internal opportunities with an eye towards expanding their foundational skill sets and growing their careers. The carrier is committed to structuring roles and teams around the talents of the individual. The carrier is led by a executive management team that includes a successful CFO who has a strong track record in the industry of making sure that the finance team and its infrastructure/resources from a people, process and technology perspective, are at an appropriate level/caliber to support a carrier's continued growth. It's a great team to work for. As a carrier, the Group is global, profitable and it's model is a mix of direct and indirect.
The Role
This role will report to the VP of Accounting and Analysis. The
Assistant Vice President of Insurance Accounting
will be instrumental in orchestrating the quarterly close process in accordance with US GAAP and STAT requirements. This role is responsible for preparing and delivering comprehensive financial insights for Board meetings. A strong emphasis will be placed on leading process improvements and automation initiatives. The AVP will evaluate and interpret GAAP and Stat accounting guidance to assess its impact on the company. Additionally, the position requires effective liaison with both internal and external auditors to ensure adherence to key controls, processes, and reconciliations. Also opportunity for ownership in designing and implementing new accounting system changes for efficient and accurate processing of financial data.
Lead and enhance the capabilities of the reporting team. Oversee the precision and scheduling of the quarterly close process, which includes: Setting up adequate expense accruals, provisions for bad debt, and CECL provisions. Analyzing, computing, and documenting deferred acquisition costs. Confirming the correct consolidation of non-insurance subsidiaries. Ensuring all quarterly balance sheet reconciliations are executed and scrutinized. Conducting thorough financial reviews and analyses. Facilitate coordination with both internal and external auditors concerning essential controls, procedures, and reconciliations. Interpret and assess the implications of GAAP and STAT accounting standards on the organization. Deliver prompt and accurate internal reports on P&C segment financial outcomes, as well as quarterly statutory financial reports for Board meetings. Identify key financial processes for standardization or redesign; devise and implement enhancements and automation to expedite the close process. Design and implement necessary modifications to accounting systems to ensure efficient and precise processing of financial data; engage in the development and launch of a new General Ledger system. Develop and maintain a deep understanding of the operational and financial aspects of the business.
Qualifications
Minimum a bachelor’s degree in accounting Progressive accounting experience in the Insurance Industry CPA strongly preferred Comprehensive knowledge of all procedures related to financial analysis, reporting, and controls Expert level knowledge of the full insurance income statement and balance sheet Robust knowledge and experience in quarterly and annual financial close process
Seniority level
Seniority level Executive Employment type
Employment type Full-time Job function
Job function Finance and Sales Industries Insurance Referrals increase your chances of interviewing at The ARGroup of Search Companies by 2x Sign in to set job alerts for “Vice President of Accounting” roles.
Vice President, Finance and Center of Excellence (COE)
Vice President of Finance and Administrative Services
SVP, New Transactions Finance Integration
Vice President - Fund Accounting - Blackstone Credit Registered Funds
Summit, NJ $155,000.00-$250,000.00 1 week ago Jersey City, NJ $113,000.00-$192,000.00 1 week ago Vice President, Fund Accounting - Private Assets (Traditional PA)
Jersey City, NJ $150,000.00-$225,000.00 1 week ago VP C&I and Small Business Finance Team Leader
Bergen County, NJ $138,000.00-$202,000.00 1 day ago Head of Financial Intelligence Unit, Vice President
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Summit, NJ $275,000.00-$300,000.00 3 weeks ago Short Hills, NJ $175,000.00-$200,000.00 1 week ago Jersey City, NJ $95,000.00-$126,000.00 1 week ago Morris County, NJ $200,000.00-$225,000.00 1 week ago Edison, NJ $180,000.00-$200,000.00 3 days ago Fair Lawn, NJ $158,061.00-$237,091.00 2 months ago Morristown, NJ $210,300.00-$283,860.00 2 weeks ago Vice President - Fund Accounting - Blackstone Credit & Insurance
Union, NJ $170,000.00-$200,000.00 1 day ago Jersey City, NJ $150,000.00-$225,000.00 1 day ago Bridgewater, NJ $120,000.00-$130,000.00 2 days ago Jersey City, NJ $92,000.00-$170,000.00 1 week ago Bridgewater, NJ $125,000.00-$160,000.00 3 weeks ago Paramus, NJ $110,000.00-$120,000.00 3 days ago Jersey City, NJ $165,000.00-$180,000.00 4 months ago Jersey City, NJ $165,000.00-$245,000.00 5 days ago Bridgewater, NJ $100,000.00-$140,000.00 3 weeks ago Jersey City, NJ $122,000.00-$170,000.00 1 week ago Morristown, NJ $180,000.00-$220,000.00 7 hours ago We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
#J-18808-Ljbffr