Summary/Objective
The Assistant INSCO Controller will play a key role in supporting the Chief Accounting Officer (CAO) in overseeing all accounting and financial reporting functions for two Property amp; Casualty (P amp;C) insurance companies.
This role requires hands-on, detail-oriented accounting experience with an ability to see the larger picture. This role requires the management of complex reconciliations and journal entries while contributing to strategic financial insights. This role will play a critical part in ensuring the integrity of both GAAP and Statutory (STAT) financial reporting, overseeing reinsurance and ceded accounting, and establishing internal controls to support a growing organization.
Essential Duties amp; Functions
- Oversee and review gross Accounting Center journals for both insurance entities to ensure accuracy and completeness.
- Calculate and prepare ceded reinsurance transactions (premiums, losses, recoverables, reinstatements) and record ceded journals.
- Maintain detailed reconciliations of reinsurance balances and support related financial reporting.
- Prepare and analyze statutory results by product, line of business, and division.
- Prepare and file quarterly and annual statutory statements, including Schedule F and other NAIC exhibits, for both insurance companies.
- Assist in the preparation and review of GAAP financial statements, supporting schedules, and disclosures.
- Coordinate and support month-end, quarter-end, and year-end close processes, ensuring completeness and accuracy across entities.
- Collaborate with external auditors, actuaries, and regulators, providing requested information and analysis.
- Partner with the CAO to design and implement internal controls, process documentation, and workflow improvements.
- Identify and execute process improvements to streamline reconciliations, reporting, and data integrity.
- Provide both hands-on accounting execution and high-level analytical review to support financial decision-making and management reporting.
LIO LIFE – What we value:
- The Customer Lens – Prioritizing our relationships, service and needs of our customers.
- Innovative Thinking – Fostering an environment that empowers and sustains bold thinking and actions.
- Balance – Creating an inclusive, diverse, and holistic balance to meet our personal and professional needs.
- Simplicity – Striving for simplicity in our service, products, and processes.
- Accountability – Owning our results and learning from them.
Qualifications
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements list below is representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Proven experience with reinsurance accounting and ceded transaction processing.
- Experience with multi-entity accounting and consolidated financial reporting (two or more insurance companies preferred).
- Workday Financials experience preferred; other ERP experience (e.g., Oracle, Sage Intacct, SAP) acceptable.
- Advanced Excel skills and strong analytical and problem-solving abilities.
- Excellent attention to detail combined with the ability to step back and see broader trends and financial impacts.
- Strong communication and interpersonal skills; able to work effectively across departments.
- Self-starter with the ability to manage multiple priorities in a fast-paced environment.
- Demonstrated ability to successfully collaborate across all organizational levels, both individually and as part of a team.
- Proven success working in a virtual, global environment with the ability to effectively prioritize, manage multiple projects, and execute tasks with precision.
- Demonstrates respect for diverse skills, perspectives, and backgrounds, fostering an inclusive and collaborative work culture.
- Proven capacity to thrive in a small-team, entrepreneurial environment, balancing multiple priorities with agility and accountability.
Required Education and Experience
- Bachelor’s degree in Accounting, Finance, or related field required.
- CPA or progress toward CPA designation strongly preferred.
- 5–8 years of progressive accounting experience within the Property amp; Casualty insurance industry (required).
- Deep knowledge of both GAAP and Statutory (STAT) accounting, with experience preparing financial statements under both bases.
Additional Eligibility Requirements (Certificates, Licenses, Required/Preferred)
- Previous Workday Experience.
Benefits:
As a core value, LIO Insurance understands the importance of balance to meet both personal and professional needs. Our benefits include:
- Flexible (unlimited) Time Off and 13 paid holidays
- 401k
- Maternity Leave
- Competitive Medical to support holistic health
- Medical, dental/ortho, vision, life and disability insurance
- HSA/FSA/DCAP savings plans
Position Type/Expected Hours of Work
This is a full-time position. Expected days and hours of work are Monday through Friday, 8:30 a.m. to 5 p.m. This position may require long hours and weekend work.
Travel
No Travel is required.
EEO Statement
LIO Insurance provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, creed, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.
Other Duties
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.