Summary: Maintains and monitors all the financial assets and debts of the Society. Has primary responsibility and accountability for all financial matters daily.
PRINCIPAL DUTIES & RESPONSIBILITIES:
• Oversee accounting operations, including month-end and year-end close process, ensuring
all journal entries and reconciliations are completed in a timely manner.
• Prepare and maintain accurate and timely financial statements, including balance sheets, income statements, and cash flow statements, in accordance with GAAP and any necessary reports needed for the preparation of financial statements, Department of Insurance, creditors, regulatory agencies and tax authorities.
• Files reports of financial condition with officials of the states where Society is licensed and with Federal authorities. Provides information necessary to complete Annual and Quarterly filings to outside CPA firm for preparation. Provides status of financial condition by collecting, interpreting, and reporting financial data.
• Protects assets by establishing, monitoring, and enforcing best practice internal controls. Stay up to date with changes in accounting standards, tax laws, and industry trends.
• Further develop and maintain a documented system of accounting policies and procedures.
• Monitor and confirm financial condition by conducting internal audits and providing information to external auditors.
• Assists the Executive Vice-President with coordination, documentation and maintenance of all
facets of the business as related to our outsourced functions, such as CPA’s, actuaries and
external auditors.
• Works closely with the Executive Vice-President to prepare budgets and forecasts by establishing schedules; collecting, analyzing, and consolidating financial data and recommending plans of
action to initiate corrective actions if necessary. Involved in the Strategic Planning and variance analysis as it relates to budget and forecasting process.
• Provide financial analyses as needed, for capital investments, pricing decisions, and contract negotiations. Calculate and issue financial and operating metrics to achieve optimal corporate performance.
• Prepares special reports as needed by collecting, analyzing, and summarizing information and trends.
• Code, review and enter all bond purchases, Common and Preferred Sales, and Bond Interest entries to include all calls, sold, pay downs and partial pays into system (Preparation of Schedule D).
• Responsible for oversight of reinsurance accounting functions such as refunds, payments, credits, etc.
• Supervises performance of other tasks that may be assigned for the efficient operation of the Society and protects financial operations risk by keeping financial information and plans confidential.
QUALIFICATIONS:
• Bachelor’s degree (B.A./B.S.) or equivalent.
• Professional Certification (e.g. CPA) a plus.
• Four to six years related experience and/or training.
• Knowledge of preparing Financial Statements, Company Budgets and forecasts
• Demonstrated ability to interpret economic conditions and anticipate the impact on the organization.
• Working knowledge of data collection, data analysis, evaluation, and scientific method.
• Ability to work with all levels of management.
• Strong organizational, problem-solving, and analytical skills; able to manage priorities and workflow.
• Versatility, flexibility, and a willingness to work within constantly changing priorities with enthusiasm.
• Commitment to excellence and high standards.
• Knowledge of GAAP and Statutory accounting
• Excellent written and verbal communication skills.
• Proficient in Microsoft Office, and accounting software (QuickBooks)
COMPETENCIES:
• Problem Solving-Identifies and resolves problems in a timely manner; Gather and analyzes information skillfully; Develops alternative solutions; works well in high pressure situations. Group problem solving; uses reason even when dealing with emotional topics.
• Interpersonal skills/Oral Communication-Good communication and interpersonal skills are required. Speaks clearly and persuasively in positive or negative situations; listens and gets clarification; responds well to questions; demonstrates and possesses group presentation skills; leads and participates in meetings.
• Design – Generates creative solutions; Translates concepts and information into images; Uses feedback to modify designs; Applies design principles; Demonstrates attention to detail.
• Customer Service – Manages difficult or emotional situations; responds promptly to and solicits customer feedback to improve service; responds to requests for service and assistance; meets commitments.
• Teamwork – Balances team and individual responsibilities; exhibits objectivity and openness to others’ views; gives and welcomes feedback, positive or negative. Contributes to building a positive team spirit/morale; places the success of team above own interests. Possesses’ the ability to build morale and group commitments toward the goals and objectives of the organization.
• Decision Making Skills-Considers the costs and benefits of various decisions; assess risks to business operations.
• Technical Skills – Assesses own strengths and weaknesses; Pursues training and development opportunities; Strives to continuously build knowledge and skills; Shares expertise with others.
• Organizational Support–Follows policies and procedures; Completes administrative tasks correctly and on time; supports organization’s goals and values; Benefits organization through outside activities; Supports affirmative action and respects diversity.
• Detail Oriented – Precise attention to detail, flexible and creative.
• Analytical Skills – Ability to evaluate information from a variety of sources and solve complex problems, verify accuracy of records and resources; thorough understanding of the organization/company’s business.
WORKING CONDITIONS:
• Work schedule: Monday – Friday, 8:30-5:30; Varies day-to-day, pending assignments, some weekends and evenings will be required.
• Normal for an office-based environment including but not limited to prolonged periods sitting at a desk and working on a computer. Must be able to lift up to 15 pounds at a time.
