Asst. Controller
About The Position
Assistant Controller Location : Philadelphia, PA Salary: $125K - $190K + Bonus (BoE) Hybrid Schedule: Phinsys Subledger Implementation & Pre-Go-Live Underwriting Accounting (Year 1 Priority) Manual underwriting journal entries prior to Phinsys go-live: Earned Premium, IBNR, DAC, and Ceded Reinsurance calculations prepared and loaded via EIB Post-go-live Phinsys Administration: Configuration, Rules Management, Exception Review, Earned Premium, and Calculation Oversight Serve as the primary Phinsys system administrator Statutory Accounting & Regulatory Filings Lead preparation of quarterly and annual NAIC statutory statements (LIC and LSIC) in coordination with Forvis Mazars: Filing Calendar and coordinate all supporting schedules Coordinate with Forvis Mazars on NAIC quarterly and annual statement preparation Finance contact for all Forvis Deliverables and Review Cycles Assist with document production for state regulatory exams (DIFI and other state exams) Reinsurance Accounting - Primary Owner Ceded Reinsurance Accounting: Quota Share, XL, and ADC structures Maintain Cession Schedules, Bordereau Reconciliation, and Settlement Accounting Treaty accounting documentation, Cession Schedule maintenance, and Counterparty Settlement Cross-Functional & Systems Partner with the Controller on GAAP close workflows and multi-entity consolidation Serve as backup Workday system administrator Support DIFI and other regulatory examinations through document production and correspondence Review and prepare FloQast Close Workflow Management Disbursement Payment Reconciliation Vendor Management High-volume Payment Processing: ACH, Wire Transfers Resolve: Delinquency, /Errors/Discrepancies / Fraud Maintain and Ensure Compliance
Requirements
- B.S. in Accounting or Finance required; CPA preferred
- 5+ years in P&C insurance accounting with a Carrier (E&S Specialty Lines)
- Statutory Accounting (SAP) & NAIC filing
- Ceded Reinsurance Accounting / Quota Share & XI Structures: ADC / Retroactive Reinsurance
- Multi-entity Consolidated Accounting
- Systems: Insurance Subledger, Phinsys, Accounting Center (or equivalent), ERP (Workday Financials), Oracle, SAP
Responsibilities
- Phinsys Subledger Implementation & Pre-Go-Live Underwriting Accounting
- Manual underwriting journal entries prior to Phinsys go-live: Earned Premium, IBNR, DAC, and Ceded Reinsurance calculations prepared and loaded via EIB
- Post-go-live Phinsys Administration: Configuration, Rules Management, Exception Review, Earned Premium, and Calculation Oversight
- Serve as the primary Phinsys system administrator
- Lead preparation of quarterly and annual NAIC statutory statements (LIC and LSIC) in coordination with Forvis Mazars: Filing Calendar and coordinate all supporting schedules
- Coordinate with Forvis Mazars on NAIC quarterly and annual statement preparation
- Finance contact for all Forvis Deliverables and Review Cycles
- Assist with document production for state regulatory exams (DIFI and other state exams)
- Ceded Reinsurance Accounting: Quota Share, XL, and ADC structures
- Maintain Cession Schedules, Bordereau Reconciliation, and Settlement Accounting
- Treaty accounting documentation, Cession Schedule maintenance, and Counterparty Settlement
- Partner with the Controller on GAAP close workflows and multi-entity consolidation
- Serve as backup Workday system administrator
- Support DIFI and other regulatory examinations through document production and correspondence
- Review and prepare FloQast Close Workflow Management
- Disbursement Payment Reconciliation
- Vendor Management
- High-volume Payment Processing: ACH, Wire Transfers
- Resolve: Delinquency, /Errors/Discrepancies / Fraud
- Maintain and Ensure Compliance
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
11-50 employees
