Controller
Littleton, NH · Hybrid
Recommends to senior management major economic objectives and policies for the company. SPECIFIC ... Provides adequate and appropriate corporate insurance, including property and liability * Create ...
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Controller
Littleton, NH · Hybrid
Recommends to senior management major economic objectives and policies for the company. SPECIFIC ... Provides adequate and appropriate corporate insurance, including property and liability * Create ...
Senior Insurance Manager information
What is the difference between Senior Insurance Manager vs Insurance Underwriter?
| Aspect | Senior Insurance Manager | Insurance Underwriter |
|---|---|---|
| Required Credentials | Typically requires a bachelor’s degree in business, finance, or related field; professional certifications like CPCU or ARM are common | Requires a bachelor’s degree in finance, economics, or related field; certifications like CPCU or ARe are advantageous |
| Work Environment | Leads teams, manages insurance policies, and develops strategies within insurance companies or brokerages | Evaluates risks, assesses applications, and determines policy terms, often working independently or in underwriting teams |
| Employer & Industry Usage | Used in insurance companies, brokerages, and risk management firms | Primarily employed within insurance carriers and underwriting agencies |
The main difference is that a Senior Insurance Manager oversees teams and strategic operations, while an Insurance Underwriter focuses on evaluating individual risks and determining policy terms. Both roles require similar credentials and are integral to the insurance industry, but they differ in responsibilities and work scope.
What does a senior insurance manager do?
A Senior Insurance Manager oversees the operations and strategic direction of an insurance department or company. Their responsibilities include managing underwriting and claims processes, developing risk management policies, leading teams of insurance professionals, and ensuring compliance with industry regulations. They also play a key role in client relationship management and in driving business growth by identifying new market opportunities. Strong leadership, analytical, and communication skills are essential for this role.
What are the key skills and qualifications needed to thrive as a senior insurance manager, and why are they important?
To thrive as a Senior Insurance Manager, you need in-depth knowledge of insurance products, risk assessment, regulatory compliance, and leadership experience, often supported by a relevant degree and industry certifications such as CPCU or ARM. Familiarity with insurance management software, data analytics tools, and underwriting systems is essential. Strong negotiation, strategic thinking, and interpersonal skills help build relationships with clients, brokers, and internal teams. These skills ensure effective risk management, regulatory adherence, and business growth in a competitive insurance market.
How much do senior insurance managers make in the US?
Senior insurance managers in the US typically earn an average salary ranging from $100,000 to $150,000 annually, depending on experience, location, and the size of the organization. They often hold advanced certifications and have strong leadership and risk management skills. Compensation may also include bonuses and benefits based on performance.
What are some common challenges faced by senior insurance managers in leading diverse teams?
Senior Insurance Managers often oversee teams with varying levels of experience and specialization, which can present challenges in ensuring consistent performance and aligning everyone with company objectives. Balancing strategic management with day-to-day problem-solving requires strong communication and leadership skills. Additionally, adapting to changing regulations and market trends while mentoring team members to stay current in their knowledge is a common part of the role. Successful managers foster a collaborative environment, encourage professional development, and implement clear processes to overcome these challenges.
What cities near Milan, NH are hiring for Senior Insurance Manager jobs? Cities near Milan, NH with the most Senior Insurance Manager job openings:
Job description
This position is Hybrid, with significant on-site time required Located in Littleton, New Hampshire
JOB CONTENT: Through subordinates, oversee the Credit, Finance, and Purchasing departments. Responsible through the Credit Manager for management of accounts receivable, product losses, postal losses and control, credit card charges and chargebacks, and negotiation of credit-related contracts, i.e., processing fees and collection fees. Responsible through the Finance Manager for preparation of reports which summarize and forecast company business activity and financial position in areas of income and expense based on past, present and expected operations. Oversees the Purchasing area to include purchasing evaluation and payback of equipment purchases and review of purchasing requests for appropriateness. Performs duties as assigned by the President & CEO determined to be necessary for the direction of the company’s business affairs. Recommends to senior management major economic objectives and policies for the company.
SPECIFIC RESPONSIBILITIES:
- Oversee the preparation and presentation of annual company budgets to the corporate officers.
- Directs and reviews the preparation of monthly and annual financial statements and analysis as deemed necessary for the performance monitoring of company results.
- Responsible for treasury management, including cash forecasting, ESOP cash planning, internal controls, and cash and investment accounts.
- Manage compliance with all banking and debt agreements, including covenant compliance, payments, and reporting
- Manage relationship with the company’s external accounting firm and their review of annual financial statements and preparation of tax returns
- Responsible for internal controls over assessing and monitoring financial and compliance risks, including preventing and detecting fraud.
- Oversee compliance with all state tax regulations and tax return filings
- Oversee and evaluate the performance of the Credit Manager and Finance Manager.
- Analyze and evaluate various aspects of the company's cost of doing business.
- Responsible for inventory valuation, margin analysis, and cost accounting.
- Periodically selects various aspects of our operation to evaluate our procedures and associate costs with the intent to reduce costs and/or improve efficiency. Typically to be done on an assignment basis in areas where we feel we have the greatest opportunity to improve operations.
- Oversees the company’s ESOP and 401 (k) retirement plans, including compliance with regulations, updating plan documents, preparing and filing Form 5500, and engaging external auditors. Serves as the main contact with external vendors for administration, valuation, investment, and custody of plan assets.
- Oversees the Internal Revenue reporting requirements of Form 5500 for the company medical, dental, disability insurance plan and flexible spending plans.
- Provides adequate and appropriate corporate insurance, including property and liability
- Create and monitor the company’s system of financial and compliance controls related to all cash management, financial, and regulatory functions
EDUCATION/EXPERIENCE REQUIREMENTS:
- Four-year college degree in business
- Five to seven years’ experience in accounting or production cost accounting position
- Five to seven years of management experience
- Certified Public Accountant designation or four-year accounting degree preferred
- Experience in direct marketing a plus
SKILLS/ABILITIES:
- Good interpersonal and communication (both verbal and written) skills to apply in working with all levels in the organization
- Ability to make independent decisions
- Strong organizational and management skills
- Strong analytical skills
About Littleton Coin
Sourced by ZipRecruiter
Industry
Retail
Company size
201 - 500 Employees
Headquarters location
Littleton, NH, US
Year founded
1945