Director, Finance

About the Opportunity

A leading specialty insurance organization is seeking a Director, Finance to support key commercial insurance business units and provide financial oversight related to loss accounting, reporting, and analysis. This position serves as a critical liaison between Finance, Claims, Underwriting, and third-party administrators (TPAs), ensuring accurate financial reporting and operational excellence across multiple lines of business.

The role offers significant visibility across the organization and is ideal for a finance professional who enjoys working with complex insurance data, collaborating cross-functionally, and driving process improvements within a growing business.

This is a hybrid position requiring three days in the office and two days remote. Candidates may be based near offices in New Jersey, Connecticut, New York, or Pennsylvania.

Key Responsibilities

• Lead monthly and quarterly loss accounting and reporting activities for assigned business units, including preparation and review of gross and ceded loss journal entries.
• Perform balance sheet reconciliations, investigate discrepancies, and ensure timely resolution of outstanding items during financial close cycles.
• Support quarterly and annual financial reporting requirements by preparing analyses, schedules, and supporting documentation.
• Develop and deliver recurring loss reporting packages for senior leadership, providing insight into trends, variances, and unusual activity.
• Analyze claims and loss information received from third-party administrators, ensuring data integrity and completeness.
• Monitor reporting dashboards, identify missing or inaccurate information, and partner with internal and external stakeholders to resolve data quality issues.
• Review policy and contract language to ensure losses, deductibles, retentions, and related financial transactions are recorded appropriately and in accordance with contractual terms.
• Evaluate and approve deductible-related calculations and exceptions when thresholds have been exceeded.
• Support implementation, testing, and enhancement of financial systems, reporting tools, and data repositories.
• Work extensively with large datasets to identify trends, discrepancies, and opportunities for improved reporting accuracy.
• Build strong partnerships with Claims, Underwriting, Finance, Operations, and third-party service providers to support business objectives.
• Recommend and implement process improvements that enhance operational efficiency, scalability, and reporting effectiveness.
• Participate in special projects and strategic initiatives as needed.

Qualifications

• Bachelor’s degree in Accounting, Finance, or a related discipline.
• Approximately 5-7 years of experience within the property & casualty insurance industry.
• Strong understanding of insurance loss accounting, claims-related financial reporting, and reconciliation processes.
• Advanced proficiency in Microsoft Excel and the ability to work with large, complex datasets.
• Strong analytical and problem-solving skills with the ability to identify and explain financial trends and anomalies.
• Excellent communication skills with the ability to present findings and recommendations to both finance and non-finance stakeholders.
• Detail-oriented with strong organizational and time-management abilities.
• Professional insurance designations such as CPCU are preferred but not required.

Why This Role?

This opportunity offers exposure to multiple commercial insurance business lines, high-impact financial reporting responsibilities, and the ability to partner directly with operational and executive stakeholders. The position is well-suited for a finance professional looking to expand their influence, improve business processes, and contribute to a dynamic insurance organization’s continued growth.

If you are qualified and interested in this role, please apply and reach out directly to [email protected].