Insurance Accounting Manager

JOB TITLE: Insurance Accounting Manager

DEPARTMENT: Accounting

REPORTS TO: Director of Executive Accounting

LOCATION: Onsite in Miami, FL

About The Company

We are a rapidly growing organization in the insurance sector, owning and operating multiple insurance companies and ancillary insurance businesses with over $10 billion of total invested assets. This position is within the holding company, primarily engaged in asset management, actuarial, accounting, and other oversight functions for our insurers and third-party clients.

About The Role

We are seeking a reliable and detail-oriented Insurance Accounting Manager to oversee the companys insurance accounting activities and support the preparation of financial statements adhering to regulatory and accounting guidelines. Reporting to the Executive Director of Accounting, the Insurance Accounting Manager plays a crucial role in identifying and rectifying discrepancies while assisting in the establishment of effective control systems.

WHAT YOU WILL DO:

• Manage all insurance accounting functions including accounts receivable and accounts payable.
• Review, evaluate, and implement accounting systems, policies, and procedures.
• Ensure timely and accurate preparation of financial reports, including balance sheets, income statements, cash-flow reports, budgets, and variance analysis.
• Supervise monthly balancing of books and monthly account reviews; prepare and present monthly financial statements.
• Coordinate annual independent audit and preparation of annual tax documents.
• Provide timely review of the organizations financial status and progress to management.
• Ensure compliance with statutory premium and property tax reporting.
• Oversee accounts payable function including compliance with expense reporting and capitalization policy.
• Assist in the development of reports for management or regulatory bodies.
• Assist with company strategic planning.
• Participate in special projects as required.
• Perform other related duties as assigned by management.

SUPERVISORY RESPONSIBILITIES:

• Directly supervise 5 employees within the Insurance Accounting department.
• Carry out supervisory responsibilities in accordance with the organization's policies and applicable laws, including interviewing, hiring, training, planning, assigning, and directing work, appraising performance, rewarding and disciplining employees, and addressing complaints and resolving problems.

WHAT YOU WILL NEED:

• Bachelors degree (B.A.) or equivalent.
• Four to six years of related experience and/or training in Life Insurance Statutory Accounting.
• Solid knowledge of GAAP (Generally Accepted Accounting Principles) and regulations.
• Working knowledge of forecasting and financial reports.
• Ability to interpret economic conditions and anticipate their impact on the organization.
• Basic competence in duties and tasks of supervised employees.
• Working knowledge of data collection, data analysis, evaluation, and scientific methods.
• Ability to work with all levels of management.
• Strong organizational, problem-solving, and analytical skills; able to manage priorities and workflow.
• Versatility, flexibility, and willingness to work within constantly changing priorities with enthusiasm.
• Proven leadership and business acumen skills.
• Demonstrated ability to supervise and motivate subordinates.
• Commitment to excellence and high standards.
• Excellent written and verbal communication skills.
• Proficiency in Microsoft Suite.