What are the responsibilities and job description for the Assistant Controller position at Quincy Mutual Group?
This position currently follows a hybrid work schedule, with three in-office days, two of which must be Tuesday and Thursday for Company “anchor days”. Initial onboarding period may require more time onsite.
POSITION SUMMARY:
We are seeking a dynamic and experienced Assistant Controller to join our well-established Property & Casualty Insurance Company. The Assistant Controller, a key managerial role at Quincy Mutual, supports the Controller and Treasurer in leading the finance team. This position oversees the day-to-day accounting functions and ensures timely and accurate financial reporting across the Group's Statutory and GAAP entities and plays a key role in financial controls, audits, compliance with regulatory requirements, and continuous process improvement. Additionally, this role offers a unique opportunity to collaborate closely with senior leadership, providing valuable insights and
contributing to strategic decision-making processes. It serves as a platform for professional growth, enabling the development of leadership skills and fostering a comprehensive understanding of organizational dynamics.
PRINCIPAL ACCOUNTABILITIES:
Planning and Delivery
- Oversee the preparation and detailed analysis of quarterly and annual financial statements for insurance companies and affiliated entities.
- Manage comprehensive audit processes, including Statutory and GAAP financial statements and related disclosures, as well as audits of employee benefit plans.
- Oversight of Treasury function, including but not limited to ownership of, bank reconciliations, payroll, intercompany transactions, and other corporate expenses.
- Support investment accounting transactions, reporting, compliance, and performance review functions ensuring the integrity of the investment portfolios in conformity with corporate investment policy and Statutory and Tax principles.
- Review and analyze components of underwriting results, including premiums, losses, commissions, and other underwriting expenses to ensure accuracy, adherence to standards, and inform decision-making processes including strategic and financial planning.
- Actively assist in the management of accounting functions within the organization, ensuring effective internal controls, data integrity, and policy compliance.
Business Insight & Analytics
- Ensure complete and accurate financial reporting through a comprehensive understanding of the business processes supporting the data in the financial reporting systems.
- Assist in the preparation of accurate and compliant federal and state tax returns and able to independently research and interpret complex regulations.
- Contribute to strategic management reporting and business segment analysis to support decision-making and operational efficiency.
- Monitor regulatory changes and industry best practices to ensure the company's accounting practices align with new or amended guidance.
Communication & Relationship Building
- Forge strong relationships and facilitate effective communication with internal and external stakeholders including department leaders and subsidiary company accounting departments to drive collaboration and achieve organizational goals.
- Mentor and guide team members in best communication practices, ensuring clarity, collaboration, and efficiency in all exchanges.
- Effectively communicate complex ideas with clarity, precision, and nuance, tailoring the message to the appropriate audience, facilitating clear and timely communication across diverse teams.
Leadership
- Manage and mentor a team of approximately four accounting professionals, cultivating a culture of high performance and continuous improvement. Lead staff development by providing technical guidance, offering expertise through training, and delivering constructive feedback in a timely manner.
- Lead by example, embodying the company’s values of integrity while fostering a positive, inclusive, and dynamic work environment.
JOB REQUIREMENTS:
EDUCATION:
- Requires a 4-year college degree in Accounting or Finance. Advanced degree and/or CPA desired.
EXPERIENCE:
- Extensive experience in financial accounting, preferably within the insurance industry.
- 10 years of related experience demonstrating increasing responsibilities, including review of staff work product.
- Demonstrated leadership in managing staff and complex accounting projects.
SKILLS:
- Strong time management skills demonstrating the proven ability to prioritize multiple projects simultaneously, effectively incorporating strict deadlines.
- Expertise in GAAP and Statutory accounting principles with the ability to navigate complex financial landscapes. Tax accounting knowledge is also preferred.
- Exposure to Model Audit Rule (“MAR”) and Internal Audit compliance and implementation a plus.
- Proficient in reading, analyzing, and interpreting complex documents and data, including financial reports, regulatory guidance. Capable of effectively communicating the implications of these analyses to management.
- Demonstrated excellence in both written and verbal communication.
- Advanced proficiency in MS Office applications.
VALUES:
- Strong alignment with the company’s mission and vision, striving to enhance company value and manage enterprise risks effectively.
- A commitment to integrity, professionalism, and fostering a respectful and inclusive workplace.
* This job description is not all inclusive and may include additional duties.