Established and growing P&C Insurance firm based in Austin, TX is seeking a Director of Finance & Accounting for a key position. This individual will be responsible for all accounting, reporting, and FP&A duties for the company, while working closely with the President & CEO. This position will serve as a hands-on leader within the firm, and will oversee all accounting functions, driving financial excellence and ensuring compliance with insurance industry regulations. This is a great opportunity for a driven, entrepreneurial Accounting professional to join a small but stable & expanding Insurance company in a role that will allow for career growth, progressive industry exposure, and advancement to executive leadership.
Job duties will include, although not be limited to:
- Performing hands-on accounting for all aspects of the company, including general ledger oversight, cash management, account reconciliations, journal entries, monthly and quarterly close processes.
- Preparation of financial statements in accordance with both GAAP and Statutory reporting standards.
- Accounting for industry-specific items such as Premiums (earned vs. unearned), Loss reserves, Reinsurance, Investments, Underwriting expenses, Deferred Acquisition costs, etc.
- Taking on progressive FP&A duties such as Budgeting, Forecasting, Analysis, and ad-hoc Financial Reporting.
- Preparation of financial and compliance reports required by the Department of Insurance and other regulators, along with external Auditors, Investors, and Board of Directors.
- Oversight of Accounts Payable, Payroll, and Operating Expenses.
- Continuously evaluating and enhancing accounting processes and systems to improve efficiency, accuracy, and productivity.
To be considered, candidates should possess the following qualifications:
- Bachelor’s degree in Accounting, Finance, or related field is required. CPA is preferred but not required.
- At least 5 years of progressive Accounting or Audit experience, including significant exposure to the Insurance industry (either through corporate accounting or audit / public accounting).
- Candidates with public accounting experience (including Insurance audit clients) are encouraged to apply.
- Proven working knowledge of Statutory reporting, including Insurance sector-specific items such as loss reserves, earned vs. unearned premiums, DAC, reinsurance, investments, etc.
- Prior background utilizing Quickbooks is desirable, although not required. Experience using other ERP systems is a plus.
- Strong communication and interpersonal skills, with the ability to interact with people at all levels, including staff, executives, investors, vendors, and regulators.
- The ability and desire to work in a hands-on, yet strategic position within an entrepreneurial business environment.
Compensation & Benefits: The company will provide a competitive base salary and annual bonus target to the chosen candidate, along with benefits/insurance, 401K matching, and good work-life balance.
Work Arrangement: Hybrid / partially remote (3 days per week in-office, 2 days remote). Flexible or reduced hours may be provided to a select candidate, if needed.
Relocation: Relocation assistance may also be offered to a select candidate.