{"schemaVersion":"jobsearcher.job.v1","id":"78be04ac3f1209dbc10be207","url":"https://jobsearcher.com/jobs/78be04ac3f1209dbc10be207","canonicalUrl":"https://jobsearcher.com/jobs/78be04ac3f1209dbc10be207","title":"Assistant Controller","description":"*Job SummaryKEY RESPONSIBILITIES*\n\n\\*\\*\\*MUST HAVE COMPLETED A COLLEGE DEGREE IN AN ACCOUNTING OR FINANCE RELATED FIELD TO BE CONSIDERED\\*\\*\\*\n\n_*Financial Reporting & Close (GAAP and Statutory)*_\n\n* Assist the Controller in overseeing the month-end, quarter-end, and year-end close processes to ensure timely and accurate financial reporting under both GAAP and Statutory Accounting Principles (SAP).\n* Manage start-to-finish preparation of financial statements, account reconciliations, and supporting schedules, ensuring consistency between GAAP books and statutory filings.\n* Lead or support preparation of the NAIC Annual Statement and related Quarterly Statements, including all schedules, exhibits, interrogatories, and supplemental filings.\n* Prepare and/or review Risk-Based Capital (RBC) calculations and related regulatory filings.\n* Analyze financial results, identify variances between GAAP and statutory results, and communicate findings to management with clarity and insight.\n* Coordinate preparation of internal and external financial reports, including board presentations and management packages.\n\n_*Investment Accounting*_\n\n* Oversee accounting and reporting for the investment portfolio, including bonds, equities, and other invested assets, under both GAAP and SAP.\n* Prepare and review investment schedules for the Annual Statement (e.g., Schedule D and related exhibits), including purchases, sales, maturities, and impairment analysis.\n* Reconcile investment accounting records to custodian and investment manager statements, and coordinate with external investment advisors as needed.\n* Monitor and account for realized/unrealized gains and losses, amortization of premium/discount, and other-than-temporary impairment (OTTI) considerations.\n\n_*Reinsurance Contract Management*_\n\n* Administer accounting for ceded and assumed reinsurance contracts, including premium, loss, and commission accounting.\n* Maintain reinsurance contract records, monitor treaty terms, and ensure accurate reflection of reinsurance recoverables and payables on both a GAAP and statutory basis.\n* Prepare reinsurance-related schedules and disclosures for the Annual Statement and support reinsurance audits and reviews.\n* Partner with actuarial and underwriting teams to ensure proper accounting treatment of new and renewing reinsurance agreements.\n\n_*General Ledger & Accounting Operations*_\n\n* Oversee general ledger maintenance, ensuring all journal entries are accurate, properly documented, and appropriately approved.\n* Review and approve account reconciliations across all balance sheet accounts, including premium, loss reserve, and reinsurance-related accounts, on a monthly basis.\n* Manage and mentor accounting staff, providing guidance, training, and performance feedback.\n* Identify and implement process improvements to enhance efficiency, accuracy, and scalability of accounting operations.\n\n_*Compliance & Internal Controls*_\n\n* Maintain and strengthen internal controls over financial reporting, ensuring compliance with company policies and regulatory requirements.\n* Support internal and external audit activities, including financial statement audits and NAIC/state insurance department examinations.\n* Ensure compliance with Maryland Insurance Administration requirements and other applicable state, federal, and NAIC reporting standards.\n\n_*Budgeting & Forecasting*_\n\n* Assist in the development and management of the annual budget and periodic forecasts.\n* Partner with business unit leaders to analyze budget-to-actual variances and support sound financial decision-making.\n\n_*Systems & Special Projects*_\n\n* Support accounting system enhancements, ERP and statutory reporting software implementations or upgrades, and other technology initiatives.\n* Lead or contribute to ad hoc financial analysis projects and strategic initiatives as directed by the Controller or CFO.\n\n*QUALIFICATIONS*\n\n* Bachelor’s degree in accounting, finance, or a related field; CPA preferred.\n* 5+ years of progressive accounting experience, including 2 years in a senior accounting role.\n* Solid knowledge of U.S. GAAP, financial reporting, and internal controls.\n* Proven ability to manage and prioritize multiple deadlines in a fast-paced environment.\n* Strong analytical, problem-solving, and organizational skills with exceptional attention to detail.\n* Advanced Microsoft Excel skills.\n* Excellent written and verbal communication skills, with the ability to present financial information clearly to both financial and non-financial audiences.\n* High degree of integrity, professionalism, and discretion in handling sensitive financial information.\n\nPay: $75,000.00 - $125,000.00 per year\n\nBenefits:\n* 401(k) matching\n* Dental insurance\n* Health insurance\n* Health savings account\n* Paid time off\n* Vision insurance\n* Work from home\n\nWork Location: Hybrid remote in Hanover, MD 21076","company":"Sarco Services","rawCompany":"sarco services","city":"Hanover","state":"MD","isRemote":false,"isActive":false,"createdAt":"2026-08-27T12:47:10.559Z","occupations":[{"code":"13-2011.00","title":"Accountants and Auditors","slug":"accountants-and-auditors"},{"code":"11-3031.01","title":"Treasurers and Controllers","slug":"treasurers-and-controllers"},{"code":"43-3031.00","title":"Bookkeeping, Accounting, and Auditing Clerks","slug":"bookkeeping-accounting-and-auditing-clerks"}],"industries":[{"code":"611310","title":"Colleges, Universities, and Professional Schools","slug":"colleges-universities-and-professional-schools"},{"code":"523940","title":"Portfolio Management and Investment Advice","slug":"portfolio-management-and-investment-advice"},{"code":"611210","title":"Junior Colleges","slug":"junior-colleges"}],"jobPosting":{"@context":"https://schema.org","@type":"JobPosting","title":"Assistant Controller","description":"*Job SummaryKEY RESPONSIBILITIES*\n\n\\*\\*\\*MUST HAVE COMPLETED A COLLEGE DEGREE IN AN ACCOUNTING OR FINANCE RELATED FIELD TO BE CONSIDERED\\*\\*\\*\n\n_*Financial Reporting & Close (GAAP and Statutory)*_\n\n* Assist the Controller in overseeing the month-end, quarter-end, and year-end close processes to ensure timely and accurate financial reporting under both GAAP and Statutory Accounting Principles (SAP).\n* Manage start-to-finish preparation of financial statements, account reconciliations, and supporting schedules, ensuring consistency between GAAP books and statutory filings.\n* Lead or support preparation of the NAIC Annual Statement and related Quarterly Statements, including all schedules, exhibits, interrogatories, and supplemental filings.\n* Prepare and/or review Risk-Based Capital (RBC) calculations and related regulatory filings.\n* Analyze financial results, identify variances between GAAP and statutory results, and communicate findings to management with clarity and insight.\n* Coordinate preparation of internal and external financial reports, including board presentations and management packages.\n\n_*Investment Accounting*_\n\n* Oversee accounting and reporting for the investment portfolio, including bonds, equities, and other invested assets, under both GAAP and SAP.\n* Prepare and review investment schedules for the Annual Statement (e.g., Schedule D and related exhibits), including purchases, sales, maturities, and impairment analysis.\n* Reconcile investment accounting records to custodian and investment manager statements, and coordinate with external investment advisors as needed.\n* Monitor and account for realized/unrealized gains and losses, amortization of premium/discount, and other-than-temporary impairment (OTTI) considerations.\n\n_*Reinsurance Contract Management*_\n\n* Administer accounting for ceded and assumed reinsurance contracts, including premium, loss, and commission accounting.\n* Maintain reinsurance contract records, monitor treaty terms, and ensure accurate reflection of reinsurance recoverables and payables on both a GAAP and statutory basis.\n* Prepare reinsurance-related schedules and disclosures for the Annual Statement and support reinsurance audits and reviews.\n* Partner with actuarial and underwriting teams to ensure proper accounting treatment of new and renewing reinsurance agreements.\n\n_*General Ledger & Accounting Operations*_\n\n* Oversee general ledger maintenance, ensuring all journal entries are accurate, properly documented, and appropriately approved.\n* Review and approve account reconciliations across all balance sheet accounts, including premium, loss reserve, and reinsurance-related accounts, on a monthly basis.\n* Manage and mentor accounting staff, providing guidance, training, and performance feedback.\n* Identify and implement process improvements to enhance efficiency, accuracy, and scalability of accounting operations.\n\n_*Compliance & Internal Controls*_\n\n* Maintain and strengthen internal controls over financial reporting, ensuring compliance with company policies and regulatory requirements.\n* Support internal and external audit activities, including financial statement audits and NAIC/state insurance department examinations.\n* Ensure compliance with Maryland Insurance Administration requirements and other applicable state, federal, and NAIC reporting standards.\n\n_*Budgeting & Forecasting*_\n\n* Assist in the development and management of the annual budget and periodic forecasts.\n* Partner with business unit leaders to analyze budget-to-actual variances and support sound financial decision-making.\n\n_*Systems & Special Projects*_\n\n* Support accounting system enhancements, ERP and statutory reporting software implementations or upgrades, and other technology initiatives.\n* Lead or contribute to ad hoc financial analysis projects and strategic initiatives as directed by the Controller or CFO.\n\n*QUALIFICATIONS*\n\n* Bachelor’s degree in accounting, finance, or a related field; CPA preferred.\n* 5+ years of progressive accounting experience, including 2 years in a senior accounting role.\n* Solid knowledge of U.S. GAAP, financial reporting, and internal controls.\n* Proven ability to manage and prioritize multiple deadlines in a fast-paced environment.\n* Strong analytical, problem-solving, and organizational skills with exceptional attention to detail.\n* Advanced Microsoft Excel skills.\n* Excellent written and verbal communication skills, with the ability to present financial information clearly to both financial and non-financial audiences.\n* High degree of integrity, professionalism, and discretion in handling sensitive financial information.\n\nPay: $75,000.00 - $125,000.00 per year\n\nBenefits:\n* 401(k) matching\n* Dental insurance\n* Health insurance\n* Health savings account\n* Paid time off\n* Vision insurance\n* Work from home\n\nWork Location: Hybrid remote in Hanover, MD 21076","datePosted":"2026-08-27T12:47:10.559Z","dateModified":"2026-08-27T12:47:10.559Z","hiringOrganization":{"@type":"Organization","name":"Sarco Services","sameAs":"https://jobsearcher.com"},"jobLocation":{"@type":"Place","address":{"@type":"PostalAddress","addressLocality":"Hanover","addressRegion":"MD","addressCountry":"US"}},"identifier":{"@type":"PropertyValue","name":"JobSearcher","value":"78be04ac3f1209dbc10be207"},"url":"https://jobsearcher.com/jobs/78be04ac3f1209dbc10be207"}}