VP and Chief Financial Officer

New Mexico Mutual Casualty Company•Albuquerque, NM

About The Position

New Mexico Mutual is a workers’ compensation insurance carrier dedicated to New Mexico employers and their workers. The Vice President and Chief Financial Officer (VP/CFO) directs and oversees the company’s financial activities to support its long-term growth, stability, and financial strength. Reporting to the Chief Executive Officer, the VP/CFO is an integral member of the Senior Leadership Team and provides strategic leadership in establishing and monitoring organizational goals and business strategies. The role builds and manages a team responsible for the company’s accounting and finance functions. The VP/CFO oversees financial reporting, accounting controls, risk management, budgeting, financial analysis, cash and banking strategies, reserves, regulatory reporting, and the company’s investment portfolio. The position works with internal leaders and external stakeholders, including the Board of Directors, examiners, regulators, auditors, actuaries, and financial service providers. It also leads and develops a high-performance management team and promotes an accountable, success-oriented workplace.

Requirements

Bachelor’s degree from an accredited college or university, with a master’s degree preferred in a related discipline; alternatively, ten years of directly related experience or an equivalent combination of education and experience.
At least fifteen years of Finance and Accounting experience.
Significant technical knowledge and experience developing and implementing high-level business strategies.
Excellent financial, analytical, and critical-thinking skills.
Strong communication skills, including the ability to explain complex financial information clearly and understandably.
Organization, self-direction, collaboration, sound judgment, and timely decision-making.
Supervisory skills, including appropriate delegation, clear communication of expectations, and empowering team members to complete projects.
Coaching skills, including involving team members in planning and decisions, providing regular performance feedback, and supporting employee development.
Negotiation skills and the ability to evaluate and manage complex service contracts and relationships.
Adherence to the company’s values and mission: Service Excellence, Trust, Ownership, One Team, and Boldness in thought and action.
Ability to develop and maintain positive working relationships through effective communication and collaboration.

Nice To Haves

Master’s degree in a related discipline.
Professional designations.
At least eight years of management experience.

Responsibilities

Direct and oversee the company’s financial activities, including financial statements and reports, tax returns, long-range financial plans, forecasts, and regulatory reporting.
Lead finance and accounting activities, developing, assessing, and monitoring effective internal controls.
Manage risk and develop strategies to mitigate risk and protect company assets.
Ensure financial systems support profitable growth, business strategy, and financial stability.
Coordinate financial information, metrics, and benchmarks for the A.M. Best report.
Oversee the company’s reserve position, including quarterly IBNR estimates and semi-annual actuarial reviews.
Maintain strong working relationships with examiners, regulators, auditors, actuaries, and other professionals critical to the company’s success.
Provide strategic leadership as a member of the Senior Leadership Team, establishing and monitoring organizational goals and business strategies.
Develop effective solutions to business and financial challenges and establish credibility throughout the organization and with stakeholders.
Lead the development, communication, and implementation of the company-wide budgeting process.
Provide financial analysis and support for strategic business decisions and stakeholder communications, including communications with the Board of Directors.
Report timely financial results and trends to the Senior Leadership Team.
Coordinate the development of key financial indicators, ratios, and benchmarks.
Manage bank relationships and available cash, and implement strategies to achieve an optimal cash position.
Manage relationships and negotiate contracts with professional accounting and financial service providers.
Oversee investment strategies and the investment portfolio, including evaluating investment managers, developing an asset allocation model and Investment Policy Statement, and measuring portfolio performance against appropriate benchmarks.
Provide strategic input and leadership on financial concerns.
Motivate and lead a high-performance management team, recruit management team members as needed, and mentor team members in support of career development.
Promote an accountable, success-oriented environment that supports employee morale and advancement.