Assistant Controller

*Job SummaryKEY RESPONSIBILITIES* \*\*\*MUST HAVE COMPLETED A COLLEGE DEGREE IN AN ACCOUNTING OR FINANCE RELATED FIELD TO BE CONSIDERED\*\*\* _*Financial Reporting & Close (GAAP and Statutory)*_ * 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). * Manage start-to-finish preparation of financial statements, account reconciliations, and supporting schedules, ensuring consistency between GAAP books and statutory filings. * Lead or support preparation of the NAIC Annual Statement and related Quarterly Statements, including all schedules, exhibits, interrogatories, and supplemental filings. * Prepare and/or review Risk-Based Capital (RBC) calculations and related regulatory filings. * Analyze financial results, identify variances between GAAP and statutory results, and communicate findings to management with clarity and insight. * Coordinate preparation of internal and external financial reports, including board presentations and management packages. _*Investment Accounting*_ * Oversee accounting and reporting for the investment portfolio, including bonds, equities, and other invested assets, under both GAAP and SAP. * Prepare and review investment schedules for the Annual Statement (e.g., Schedule D and related exhibits), including purchases, sales, maturities, and impairment analysis. * Reconcile investment accounting records to custodian and investment manager statements, and coordinate with external investment advisors as needed. * Monitor and account for realized/unrealized gains and losses, amortization of premium/discount, and other-than-temporary impairment (OTTI) considerations. _*Reinsurance Contract Management*_ * Administer accounting for ceded and assumed reinsurance contracts, including premium, loss, and commission accounting. * Maintain reinsurance contract records, monitor treaty terms, and ensure accurate reflection of reinsurance recoverables and payables on both a GAAP and statutory basis. * Prepare reinsurance-related schedules and disclosures for the Annual Statement and support reinsurance audits and reviews. * Partner with actuarial and underwriting teams to ensure proper accounting treatment of new and renewing reinsurance agreements. _*General Ledger & Accounting Operations*_ * Oversee general ledger maintenance, ensuring all journal entries are accurate, properly documented, and appropriately approved. * Review and approve account reconciliations across all balance sheet accounts, including premium, loss reserve, and reinsurance-related accounts, on a monthly basis. * Manage and mentor accounting staff, providing guidance, training, and performance feedback. * Identify and implement process improvements to enhance efficiency, accuracy, and scalability of accounting operations. _*Compliance & Internal Controls*_ * Maintain and strengthen internal controls over financial reporting, ensuring compliance with company policies and regulatory requirements. * Support internal and external audit activities, including financial statement audits and NAIC/state insurance department examinations. * Ensure compliance with Maryland Insurance Administration requirements and other applicable state, federal, and NAIC reporting standards. _*Budgeting & Forecasting*_ * Assist in the development and management of the annual budget and periodic forecasts. * Partner with business unit leaders to analyze budget-to-actual variances and support sound financial decision-making. _*Systems & Special Projects*_ * Support accounting system enhancements, ERP and statutory reporting software implementations or upgrades, and other technology initiatives. * Lead or contribute to ad hoc financial analysis projects and strategic initiatives as directed by the Controller or CFO. *QUALIFICATIONS* * Bachelor’s degree in accounting, finance, or a related field; CPA preferred. * 5+ years of progressive accounting experience, including 2 years in a senior accounting role. * Solid knowledge of U.S. GAAP, financial reporting, and internal controls. * Proven ability to manage and prioritize multiple deadlines in a fast-paced environment. * Strong analytical, problem-solving, and organizational skills with exceptional attention to detail. * Advanced Microsoft Excel skills. * Excellent written and verbal communication skills, with the ability to present financial information clearly to both financial and non-financial audiences. * High degree of integrity, professionalism, and discretion in handling sensitive financial information. Pay: $75,000.00 - $125,000.00 per year Benefits: * 401(k) matching * Dental insurance * Health insurance * Health savings account * Paid time off * Vision insurance * Work from home Work Location: Hybrid remote in Hanover, MD 21076