VP, Financial Controller - Eatontown, NJ/Hybrid

Crum & Forster•Eatontown, NJ

83d•$172,700 - $253,200•Hybrid

About The Position

The Finance Organization of the Crum & Forster Accident & Health Division is looking for an experienced multi-talented individual to join the team. This individual will be responsible for the oversight and leadership of financial reporting, accounting operations, financial governance, controls, and statutory compliance.

Requirements

Ability to clearly present information through the spoken or written word; read and interpret complex information with moderate supervision
Ability to establish a good rapport with all customers and business partners
Demonstrated concern for a high-level of service delivery and a strong focus on customer satisfaction
Capability to analyze relevant aspects of a situation before reaching a conclusion
Strong focus on accuracy when completing all projects
Provide a sustained effort and dedication to getting the job done well, while working continuously to produce superior work regardless of obstacles or setbacks
Displays personal concern, interest, pride and accountability in all areas of responsibility
Ability to effectively handle multiple tasks in a fast-paced environment
Ability to work both independently and in a team environment
Strong organization and time management skills with exceptional attention to detail
Bachelor’s Degree from an accredited institution or equivalent; Accounting or Finance Degree required
15+ years working in an accounting/financial role within the insurance space
Strong PC skills including Excel, Word, Outlook, Power Point, etc.

Nice To Haves

CPA a plus

Responsibilities

Oversee the daily accounting operations of the organization
Manage the monthly, quarterly, and annual close process
Prepare and review internal financial statements
Oversee accounting for: Written premium, Earned premium, Policy fees and commissions, Premium receivables
Ensure premiums are recorded accurately by: Policy period, Product line, State or jurisdiction, Distribution channel
Coordinate accounting for: Paid losses, Case reserves, Incurred but not reported reserves, Loss adjustment expenses
Work with actuarial, claims, and finance teams to: Validate reserve-related financial entries, Review reserve movements
Oversee ceded and assumed reinsurance accounting, where applicable
Ensure proper recording of: Reinsurance recoverables. Ceded premiums, Commissions, Loss recoveries, Funds held balances
Reconcile treaty and facultative activity with reinsurers and brokers
Monitor collectability and aging of reinsurance balances
Support preparation of statutory financial statements such as Annual, Quarterly, and Supplemental Schedules
Ensure compliance with: Statutory accounting principles, IFRS, State insurance department requirements
Train team members on: Accounting policy, Insurance accounting concepts, Controls and documentation standards.
Help build a culture of accuracy, accountability, and continuous improvement.
Provide the leadership necessary to maintain a motivated, productive and competent team through open communication and delegation of responsibilities and authority.
Be a team leader and builder who has an eye for talent with the ability to maximize resources and capability to deliver business results.
Demonstrate strong mentoring, relationship building, planning and organizational skills.
Guide and direct team members in their personal and professional development.
Drive performance excellence through goal-setting, quality feedback, and performance appraisals within the team (midyear and annual).
Create a working environment where productivity can be sustained and accomplished, and where innovation and personal growth is encouraged and realized.
Drive and role model the A&H culture, values and C&F core competencies within their teams.
Design, maintain, and monitor internal controls over financial reporting
Ensure proper segregation of duties and approval workflows
Review controls over: Premium accounting, Claims disbursements, Journal entries, Reconciliations, Financial reporting systems
Support compliance with internal governance requirements
Identify accounting and reporting risks and escalate issues when needed
Monitor cash flow, liquidity, and working capital
Oversee bank reconciliations and cash controls
Support treasury processes such as: Cash forecasting, Funding needs, Payment controls
Review operational accounting impacts tied to: Claims payments, Producer commissions, Reinsurance settlements, Vendor and TPA payments
Serve as a key contact for: External financial statement audits, SOX-related work, Internal audit reviews, Insurance department examinations
Prepare audit schedules, account analyses, and support documentation
Resolve audit questions and help implement remediation plans for control gaps
Improve efficiency, standardization, and accuracy in accounting workflows
Perform special projects and assignments under the direction of senior leadership
Other duties as assigned

Benefits

Competitive compensation package
Generous 401K employer match
Employee Stock Purchase plan with employer matching
Generous Paid Time Off
Excellent benefits that go beyond health, dental & vision. Our programs are focused on your whole family’s wellness, including your physical, mental and financial wellbeing
Tuition reimbursement
Industry-related certifications
Professional training
A dynamic, ambitious, fun and exciting work environment
Matching donation program
Volunteer opportunities
Employee-driven corporate giving program