Assistant Divisional Controller - Insurance

Trean Corporation•Wayzata, MN

4d•$135,000 - $145,000

About The Position

The Assistant Divisional Controller - Insurance is an accounting leadership role requiring extensive knowledge of U.S. GAAP and statutory accounting principles. The position oversees assigned components of the monthly close, financial and statutory reporting, accounting operations, account reconciliations, internal controls, and audit and regulatory support. It requires insurance industry accounting experience and public accounting experience; serving insurance industry clients in public accounting is preferred. The role also leads and develops accounting professionals and communicates with colleagues, business partners, auditors, regulators, and management. The position oversees assigned close activities, accounting processes, financial statements and statutory filings, and reconciliation controls. It supports compliance with accounting standards and the NAIC Model Audit Rule, leads accounting-related ERP implementations and improvements, and manages audit and regulatory examination coordination. The role also develops staff, mentors accounting professionals and business users, and collaborates across accounting and operations.

Requirements

Bachelor’s degree in accounting or a related field, or equivalent experience.
Minimum of eight years of progressive accounting experience, including experience with large-scale ERP systems, month-end close, and financial statement preparation.
Minimum of two years of public accounting experience.
Experience troubleshooting and resolving reconciliation, general ledger, and reporting issues.
Demonstrated experience effectively managing and developing a team of three or more accounting professionals.
Substantial insurance industry accounting experience, including knowledge of statutory reporting and insurance systems supporting policy and claims administration.
Ability to manage multiple priorities, learn quickly, and meet deadlines in a fast-paced environment, independently and as part of a team.
Self-directed, with the ability to conduct research independently.
Ability to handle and resolve conflicts professionally and tactfully.
Excellent verbal and written communication skills.
Strong attention to detail and organizational skills.
Strong sense of accountability, with the confidence to make recommendations and take ownership of outcomes.
Strong knowledge of internal control best practices, U.S. GAAP, and statutory accounting principles.
Ability to define problems, collect and analyze data, establish facts, draw valid conclusions, and recommend solutions.
Proficiency with Microsoft Office applications, including advanced Excel skills such as PivotTables, Power Pivot, and Power Query.

Nice To Haves

Experience serving insurance industry clients in public accounting.
Active Certified Public Accountant (CPA) license.
Experience with ERP system implementations, upgrades, or conversions, including testing, data migration, and process and control design.
Working knowledge of transactional and reporting systems such as Microsoft Dynamics GP, Oracle, Active Disclosure, and Workiva.
Experience reading, maintaining, or developing dynamic workbooks.

Responsibilities

Oversee assigned month-end close activities and review and approve journal entries, intercompany transactions, general ledger account reconciliations, and supporting documentation for accuracy, completeness, and timeliness.
Review account balances, investigate unusual items and discrepancies, evaluate proposed adjustments, and ensure balance sheet reconciliations are accurate, current, and fully supported.
Oversee preparation and review of assigned internal financial statements, statutory filings, and supporting schedules.
Oversee general ledger activities related to new entity acquisitions and organizational changes.
Identify manual processes suitable for automation and direct process improvements using available technologies.
Provide accounting leadership for ERP implementations, upgrades, and system conversions, including requirements definition, testing, data migration, control design, and post-implementation support.
Design, document, implement, and monitor accounting processes, internal controls, and key metrics supporting audits and compliance with the NAIC Model Audit Rule (MAR).
Own the account reconciliation control process for assigned entities and ensure significant balance sheet and income statement accounts in scope are reconciled, supported, reviewed, and approved.
Ensure compliance with U.S. GAAP and statutory accounting principles, and evaluate and implement applicable new accounting standards and guidance.
Lead and develop an accounting team by hiring, assigning and prioritizing work, reviewing performance, coaching employees, establishing accountability, supporting professional development, and addressing performance concerns.
Review employee expense reports and oversee corporate expense approvals and processing.
Manage annual audits and regulatory examinations, coordinate information requests, monitor deliverables, and work with external auditors and state regulators to provide complete, accurate, and timely responses.
Collaborate across accounting and operations to achieve project goals.
Maintain professional and technical knowledge through educational workshops, professional publications, and professional societies.
Mentor accounting staff and business users on relevant accounting concepts, techniques, technologies, and processes.
Perform other duties and assignments as needed or requested.