Our client, one of the most highly recognised new start-up brands in the insurance industry, seeks an experienced and strategic-minded individual for the role of Chief Financial Officer (CFO). The CFO will form part of the executive leadership team for a newly launched carrier within their group. This full-time, permanent position is a profound opportunity to steer financial operations, overseeing all aspects of financial management.

We are looking for an experienced CFO, Controller or Head of Finance level Candidate who has vast experience in corporate accounting, regulatory and financial reporting, budget and forecast preparation, and developing internal control policies and procedures.

The compensation on offer for this role is 250-300k base salary plus bonus and long term potential.

Role & Responsibilities

• • Oversee the design and implementation of a de novo finance and accounting organization, including the buildout of processes, systems, and controls.
  • Oversee and manage a third-party vendor, who will be responsible for the day-to-day financial operations, accounting, and financial reporting functions.
  • Provide judgement, support, and review of the third-party vendors deliverables related to the financial close, financial reporting and financial filings.
  • Review and analyze financial statements in accordance with all relevant accounting principles.
  • Ensure accurate and timely monthly, quarterly, and year-end closing processes.
  • Oversee the preparation and filings of the quarterly and annual Yellowbook statutory statements.
  • Coordinate the preparation of internal and external reports for senior management, the board of directors, and stakeholders.
  • Maintain a robust internal control environment and ensure adherence to financial regulations.
  • Liaise with external auditors and regulatory bodies.
  • Work closely with internal and external stakeholders on the budgeting process, providing financial forecasts and analyses.
  • Prepare and present financial forecasts and variance analyses to senior management.
  • Collaborate with other departments to align financial goals with business strategy.
  • Manage cash flow, investments, and capital structure to optimize financial performance.
  • Responsible for ensuring the company has sufficient collateral on hand from its partners to ensure compliance with all regulatory requirements.
  • Manage relationships with insurance credit agencies to ensure the company's capital is at appropriate levels to maintain AM Best or other ratings.
  • Oversee and manage the performance of the finance team and outsourced vendor staff.

Qualifications:

• Bachelor's degree in finance, Accounting, or a related field (Master's preferred).
• CPA or other relevant certification.
• Tangible and relevant experience working in the Property and Casualty industry is strictely required. Startup experience highly preferred.
• Minimum of 7-10 years of experience in financial management within the insurance industry.
• Effectively managed and been accountable for strategic outsource relationships
• Strong understanding of GAAP and STAT accounting principles.
• Proficiency in financial reporting software and ERP systems.
• Project management and change management experience, specifically in the design and implementation of finance systems.
• Excellent analytical, decision-making, and problem-solving skills.
• Strong leadership skills with a track record of managing and developing a finance team.
• Excellent communication skills with the ability to present complex financial information clearly and concisely.

To be considered for the position, please apply using the prompts provided. Please note that given the amount of applicants only successful individuals will be contacted.