Assistant Divisional Controller - Insurance

Trean Corporation•Wayzata, MN

About The Position

The Assistant Divisional Controller – Insurance is an accounting leadership role responsible for assigned components of the monthly close, financial and statutory reporting, accounting operations, account reconciliations, internal controls, and audit and regulatory support. The role requires extensive knowledge of U.S. GAAP and statutory accounting principles, substantial insurance industry accounting experience, and the ability to lead and develop accounting professionals. It also requires effective communication with colleagues, business partners, auditors, regulators, and management. The position oversees accounting processes and reporting for assigned entities, including account reconciliation controls, support for acquisitions and organizational changes, and compliance with applicable accounting standards and the NAIC Model Audit Rule. It leads process improvements and provides accounting leadership for ERP implementations, upgrades, and conversions. The role also manages annual audits and regulatory examinations, develops staff, and collaborates with accounting and operations teams.

Requirements

Bachelor’s degree in accounting or a related field, or equivalent experience.
At least eight years of progressive accounting experience, including experience with large-scale ERP systems, month-end close, and financial statement preparation.
At least two years of public accounting experience.
Substantial insurance industry accounting experience, including knowledge of statutory reporting and insurance systems supporting policy and claims administration.
Experience troubleshooting and resolving reconciliation, general ledger, and reporting issues.
Demonstrated experience managing and developing a team of three or more accounting professionals.
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 and confidence in making recommendations and taking 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 components of the month-end close and review and approve journal entries, intercompany transactions, general ledger account reconciliations, and supporting documentation.
Review account balances; investigate unusual items and discrepancies; evaluate proposed adjustments; and ensure balance sheet reconciliations are accurate, current, and 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 technology-enabled process improvements.
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 to support audits and compliance with the NAIC Model Audit Rule.
Own the account reconciliation control process for assigned entities and ensure significant accounts within the assigned 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 deliverable status, and work with external auditors and state regulators to provide complete, accurate, and timely responses.
Collaborate across accounting and operations functions to achieve project goals.
Maintain professional and technical knowledge through educational workshops, professional publications, and professional societies.
Mentor accounting staff and business users on accounting concepts, techniques, technologies, and processes.
Perform other duties and assignments as needed or requested.