Director, Finance
About the Opportunity
Our client, a leading global property & casualty insurance organization, is seeking a Director, Finance to join its finance team. This is a highly visible position supporting several specialty business units and serving as a key finance partner across claims, underwriting, third-party administrators (TPAs), and corporate finance.
The role is responsible for overseeing loss accounting, financial reporting, reconciliations, and analysis while ensuring accurate accounting in accordance with contractual agreements. This is an excellent opportunity for an accounting or finance professional who enjoys working cross-functionally, analyzing complex insurance data, and driving process improvements within a collaborative environment.
Location: Hybrid (3 days in-office, 2 days remote) in one of several East Coast office locations.
Key Responsibilities
- Lead the monthly and quarterly accounting and reporting process for losses across assigned business units.
- Prepare and review gross and ceded loss journal entries, balance sheet reconciliations, and supporting financial reporting schedules.
- Ensure timely and accurate close activities, including support for quarterly and annual statutory reporting requirements.
- Produce monthly loss analyses for senior leadership, identifying trends, variances, and unusual activity while providing meaningful business insights.
- Analyze third-party administrator (TPA) claims data, investigate discrepancies, and collaborate with internal and external stakeholders to resolve data quality issues.
- Review insurance contracts and policy provisions to ensure financial reporting aligns with contractual terms, including deductible structures, retentions, aggregate limits, corridor deductibles, and other complex policy features.
- Support the implementation of new systems, reporting tools, and process enhancements by validating large data sets and identifying opportunities for improvement.
- Develop strong partnerships with underwriting, claims, IT, TPAs, and finance teams to support operational and financial objectives.
- Identify opportunities to improve reporting processes, strengthen internal controls, and increase operational efficiency as the business continues to grow.
- Participate in special projects and strategic finance initiatives as needed.
Qualifications
- Bachelor’s degree in Accounting or Finance.
- 5-7+ years of finance or accounting experience within the North American property & casualty insurance industry.
- Strong understanding of insurance loss accounting and financial reporting.
- Advanced Microsoft Excel skills with the ability to work with large, complex data sets.
- Strong analytical skills with the ability to identify trends, investigate anomalies, and communicate findings effectively.
- Excellent communication and relationship-building skills with the ability to partner across multiple business functions.
- Experience supporting TPAs, claims accounting, or specialty insurance business units is highly preferred.
- CPCU or other insurance-related professional designation is a plus.
