What are the responsibilities and job description for the VP, Finance (Insurance Industry Specific) position at Frederick Fox?
*Role is 3x/week on-site in Timonium, MD
*Relocation assistance provided, as needed
*2 years' recent Insurance Industry experience required
*1st yr bonus: $50k (descretionary)
*Profit Sharing: $20-25k (definite part of the comp, not descretionary)
Frederick Fox, a leading search firm, has partnered with an industry leading insurance organization in their search for a strong VP of Finance and Accounting. In this role, you will be assisting the current Controller and CFO in overseeing Accounting and Finance functions, as well as assist the IT team in analyzing and implementing technologies to drive the organization forward.
This role requires that you already have heavy experience being involved in overall organization strategy (not just A&F ops), at least contributing to these conversations, if not making the decisions
Assuming you are doing well in the role, there’s a direct ramp to CFO within 5 years, at which time you’ll also inherit the IT dept, acting as CIO.
--A&F team headcount of 10
--IT team headcount of 8
What makes this role great?!
--Direct path to advance to CFO position within 6 years!
--Strong resources and knowledge transfer provided as you ramp up!
--Very competitive comp and benefits!
--Industry leading org!
--Excellent culture!
Main Responsibilities
Accounting Oversight
- General oversight of Financial statement process, including AP/AR/GL, reporting, close
- Team Management: assist with performance reviews, hiring, task delegation, etc.
- Create, test, maintain, internal controls
- Reinsurance Accounting
- Ensure compliance: Sarbanes Oxley, Statutory Accounting Principles
Financial Oversight
- Treasury management, including presentation of financial reporting to the board
- Cashflow and budget management
- Oversee and deliver projections
- Investment management
IT
- Assist with the analysis of new technologies to implement
Required
- CPA or MBA in Accounting / Finance
- 12 years’ progressive Accounting & Finance Experience
- 4 years’ leadership of Accounting & Finance personnel
- 2 years' recent insurance industry experience (P&C, Health, etc.)
- Heavy experience being involved in overall organization strategy (not just A&F ops), at least contributing to these conversations, if not making the decisions
- Strong comfort with / background in technology (able to assist IT in analyzing tech to implement)
- Outstanding Communication
Preferred
- Statutory Accounting Principles experience
- Reinsurance experience
KEYWORDS: Insurance, Accounting, Finance, Director, VP, Vice President, Controller, CFO, Chief Financial Officer
Salary : $180,000 - $250,000