Accounting Manager
Imagine being part of a team that's not just shaping the future but actively driving it. At Davies North America, we're at the forefront of innovation and excellence, blending cutting-edge technology with top-tier professional services. As a vital part of the global Davies Group, we help businesses navigate risk, optimize operations, and spearhead transformation in the insurance and regulated sectors.
This position is responsible for the day to day management of an increasingly complex portfolio of captive insurance clients, including risk retention groups and/or other complex structures, the number of which varies depending on complexity of the accounts, as well as serving as a mentor and resource to the Account Managers and Staff Accountants. This position oversees a team of account managers and staff and accountants, working closely with them to ensure excellent client service. The Account Team Lead has demonstrated ability to work independently, present financial statements at board meetings, serve as a mentor and resource to staff, as well as ability to train and lead. Assist company by adhering to and maintaining standards in accordance with ISMS policy and procedure. This job operates in a professional work environment. This role routinely uses standard office equipment such as computers, phones, photocopiers.
Key Responsibilities
Duties may include, but are not limited to:
- Serve as principal client liaison
- Supervise, train, mentor and serve as a resource to Account Managers and Staff Accountants, to include periodic performance reviews. May include staff in remote locations
- Be the office leader regarding all account management and administrative staff working in designated offices, with the exception of functions/operations staff members, e.g. HR, Corporate Accounting & Finance and IT. This includes oversight and responsibility of all staff, including performance evaluations.
- Ensure designated offices are supported by appropriate resources and there is a consistent review process in place for all managed clients to meet all financial and regulatory requirements
- Preparation of periodic financial statement packages tailored to individual client needs and completion of self review
- Preparation of quarterly and annual NAIC statements (if applicable)
- Preparation of Annual Statement/Report start to finish
- Preparation of written analysis of financial statements
- Planning and coordination of annual audit and actuarial review
- Maintain up to date knowledge of accounting, insurance and regulatory issues affecting captives
- Review of premium tax returns
- Monitor compliance with regulations and advise clients of changes as necessary
- Preparation of regulatory correspondence, to include monitoring any changes in business plan
- Act as liaison with captive's legal, actuarial, audit and other service providers
- Independent preparation and presentation of materials at Board Meetings
- Coordination and planning of annual (or more frequent) Board Meetings
- Ensure Account Manager, Staff Accountant and/or Vice President are copied on all relevant correspondence
- Involvement in emerging and technical issues and serving as a resource for dissemination of this information
- Ability to review complex financial statement packages and prepare accompanying supervisory checklist
- Maintain client confidentiality
Accountabilities:
- Responsible for the delivery of high-quality service, ensuring that all client service standards are met for portfolio of captive clients
- Responsible for adherence to established regulatory, company and client timelines and deadlines
- Responsible for following established guidelines, checklists and procedures, ensuring that managed companies remain compliant and internal controls are followed. Responsible for enforcing said guidelines, checklists and procedures with managed staff
- Responsible, with assistance from Human Resources, for recruiting, hiring and retaining top talent
- Responsible for identifying and mentoring future leaders of the organization
Skills, Knowledge & Expertise
Able to manage complex captive insurance portfolio with little supervision
Able to handle client issues independently
Demonstrated ability to manage a varied portfolio of clients, some of which have a higher degree of complexity
Able to perform day to day management of risk retention group(s) (if applicable)
History of accuracy and timeliness of reporting
Demonstrated professional direct relationship with client
Demonstrated leadership capabilities and desire to serve as a resource/mentor to others
Demonstrated ability to present to captive Boards independently
Involvement in emerging and technical issues and serving as a resource for dissemination of this information
Demonstrated mastery of understanding of insurance accounting concepts
Ability to work successfully in a deadline driven environment
Strong oral and written communication skills
Education/Training/Experience:
Bachelor's Degree or higher with a concentration in Accounting or relevant equivalent experience
CPA or CPA candidate
Achievement of Associate in Captive Insurance or similar designation
Up to date knowledge of GAAP and insurance accounting principles
5 years statutory or alternative market insurance account experience
Advanced proficiency in software (Word, Excel, Outlook and QuickBooks)
Active pursuit of continuing education in maintenance of designation requirement or similar industry offering
Leadership Behaviors:
Maintains client focus
Demonstrates industry experience
Demonstrates eagerness and willingness to learn
Serves as a resource/mentor to account management staff members
Job Benefits
At Davies North America, we are dedicated to supporting the well-being and future of our qualifying employees. Our comprehensive benefits package includes:
- Medical, dental, and vision plans to ensure your health and that of your family.
- A 401k plan with employer matching to help you build a secure financial future.
- Our time-off policies, including Discretionary Time Off for exempt employees and Paid Time Off (PTO) package for non-exempt employees, reflect our commitment to promoting a healthy work environment.
- Paid holidays.
- Life insurance and both short-term and long-term disability plans, providing essential financial protection for you and your loved ones.
Diversity and Inclusion Davies is dedicated to fostering a diverse and inclusive workplace that embraces a wide range of perspectives and experiences. We believe that diversity of thought is essential for innovation and creativity, and we actively promote an environment where all voices are valued and heard.
About Davies
We are a specialist professional services and technology firm, working in partnership with leading insurance, highly regulated and global businesses. We help our clients to manage risk, operate their core business processes, transform and grow. We deliver professional services and technology solutions across the risk and insurance value chain, including excellence in claims, underwriting, distribution, regulation & risk, customer experience, human capital, digital transformation & change management. Our global team of more than 8,000 professionals operate across ten countries, including the UK & the U.S. Over the past ten years Davies has grown its annual revenues more than 20-fold, investing heavily in research & development, innovation & automation, colleague development, and client service. Today the group serves more than 1,500 insurance, financial services, public sector, and other highly regulated clients.