Richmond, VA
12 days ago
Insurance Controller- Southern States Insurance Exchange

General Summary

This position has overall responsibility for strategic leadership and oversight of the accounting function for the Southern States Insurance Exchange (SSIE), Southern States Underwriters, LLC (SSU), and SSC Insurance Agency, LLC (SSCIA). This critical role entails managing financial reporting, technical accounting, and internal controls; ensuring accurate financial statements, regulatory and statutory reporting, and compliance with regulations. Internal responsibilities entail departmental and staff management, operational performance reporting, and strategic management and planning. Serve as Corporate Secretary and Treasurer of SSU and SSCIA.

 

Essential Job Functions

Lead and refine all aspects of the accounting function including monthly close, technical accounting, financial reporting, regulatory reporting, statutory reporting, and other financial-related functions.

Maintain robust financial reporting policies and procedures in accordance with GAAP and statutory regulations.

Ensure that financial statements are accurate, complete, timely, and in compliance with both GAAP and Statutory requirements.

Manage the Annual Audit provided by external audit firm, to include the related Actuarial Review; manage the overall relationships with external parties performing these services.

Interact with customers, state insurance regulators, reinsurance brokers and companies, investment managers, company management and directors, auditors and actuaries, rating agencies, tax and statistical reporting agencies, and other professionals.

Oversee all reinsurance accounting, including commutation negotiations, the preparation of the annual renewal submissions, including compilation of all pertinent data regarding exposures/losses for the insurance programs written.

Assist in the annual rating review by A.M. Best, plus any normal interaction with throughout the year (outside of the annual review).

Prepare budgets, strategic plans and plans of operation for the related Insurance entities; analyze and communicate performance to budgets and plans to management.

Prepare year-end projections and recommendations to management on year-end dividend, return of Subscriber Savings Accounts (SSAs) and surplus level; manage the overall SSAs accounting process.

Foster a positive and engaging work environment, building strong relationships, promoting collaboration, and ensuring employee satisfaction to produce an overall motivated and valuable team.

Mentor and coach team members to foster their professional growth and development; provide constructive feedback, guidance, and support to enhance individual and collective performance.

Perform other duties and responsibilities as assigned.

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