The Jacobson Group Looking for Vice President of Financial Operations at South Dakota, United States Full Time

An insurance provider specializing in workers’ compensation is seeking a Vice President of Financial Operations. The vice president is a key member of the leadership team and is responsible for directing the finance operations function as it relates to all financial transaction recording and reporting across all entities under the organization. This essential leader is entrusted to ensure compliance with all accounting practices, including the preparation of financial statements, management reports and regulatory filings. In partnership with their peers, this vice president will understand and provide input into the strategic and tactical direction of the organization and ensure the finance operations function is prepared to accommodate such strategies. The Vice President of Financial Operations will also be responsible for the day-to-day management of finance operational staff, as well as the long-term growth and success of the function to continue to meet the needs of an evolving organization. This is a retained search.

Responsibilities

• Oversee the execution of accounting practices and policies related to all entities within the organization.
• Lead the finance operations team on financial filings, reporting and compliance process.
• Create high-level expectations to ensure timeliness and accuracy of financial data, both internally and externally.
• Ensure internal controls are in place to validate both process and data in the general ledger and other financial systems.
• Directly oversee the independent audit and tax process, including the development and management of external audit and tax relationships.
• Serve as the primary coordinator and technical expert for bulk loss reserves and the process for recording and reporting loss data for financial statements.
• Coordinate with the actuarial function on an annual and periodic basis.
• Provide oversight of the reinsurance system, including its configuration to accurately reflect existing reinsurance agreements’ terms and conditions.

Requirements

• 10+ years of accounting and finance experience within the insurance or financial services industries
• 5+ years of experience leading a team
• Strong technical foundation, including Generally Accepted Accounting Principles experience; Statutory Accounting Principles experience (preferred)
• Expertise in the preparation of all financial statements, including income, balance sheets, tax and regulatory filings
• Tech savvy with direct experience working with and optimizing accounting systems, including partnering with IT on system conversions, integrations, design development, and implementation projects as required
• Bachelor’s degree in accounting, finance or business administration; Certified Public Accountant designation (preferred)