Description
As a Captive Accounting Manager at Davies, you will manage a complex portfolio of captive insurance clients, including risk retention groups and insurance reciprocal exchanges. You will act as the main contact person with senior management and clients, and have the opportunity to develop strategic and consulting skills.
The Accounting Manager will demonstrate the ability to work independently, present financial statements at board meetings, serve as a mentor and resource to staff, and train and lead other team members.
While this is a remote role, you must be based in Vermont due to state requirements.
Key Responsibilities
- Provide advice on compliance requirements, investment regulations, and current accounting developments that affect clients.
- Give presentations at client, shareholder, and Board of Director meetings to review financial information.
- Prepare and review monthly financial statement packages and management reviews for a group of captive clients, in accordance with GAAP, IFRS, SAP, and modified GAAP.
- Perform all accounting necessary for maintaining captive clients, including preparing and reviewing general ledgers, reconciliations, and customized financial and managerial reports.
- Ensure that managed companies remain compliant and internal controls are followed.
- Train, oversee, and develop teammates.
- Work with service providers, including auditors, actuaries, and regulators, and act as the client point person to organize and coordinate all matters.
- Prepare and review regulatory filings, premium tax returns, and NAIC filings.
- Conduct substantive audit reviews and compliance testing, involving drafting and reviewing audit reports.
- Monitor cash flow, prepare budgets and ad hoc reports, and work with multiple accounting systems, including QuickBooks and Gain.
- Maintain confidentiality of information processed and follow company policies and procedures.
- Stay up-to-date with accounting, insurance, and regulatory issues affecting captives.
Skills, Knowledge & Expertise
- Bachelor's degree in Accounting or a related field.
- 3-10 years of experience in a position with similar duties.
- Achievement of Associate in Captive Insurance or a similar designation.
- Up-to-date knowledge of GAAP and insurance accounting principles.
- Accounting research capability.
- CPA designation preferred.
- Ability to use initiative and good judgment in accomplishing tasks with minimal errors.
- Excellent listening, interpersonal, and customer service skills.
- Proficiency in the use of personal computers, including data entry, word processing, and spreadsheet applications (Microsoft Office applications).
Benefits
- Medical, dental, and vision plans to support your health and that of your family.
- A 401(k) plan with employer matching.
- Time-off policies, including Discretionary Time Off (DTO) for exempt employees and Paid Time Off (PTO) for non-exempt employees.
- Paid holidays.
- Life insurance and short-term and long-term disability coverage.