Director of Accounting Position – Providence, Rhode Island
Hello!
Here is a great position with lots of room for growth. It is with Narragansett Bay Insurance Company. They specialize in homeowner’s insurance. With the events of the past year, many people are very concerned with their homeowner’s insurance, so this is a very stable situation. Here are the details:
Narragansett Bay Insurance Company is a rapidly growing, entrepreneurial organization specializing in homeowner’s insurance. With a leadership team that brings nearly 200 years of combined insurance experience to the table, we know what it takes to consistently exceed expectations…for our customers and our team members. Find your home with us.
Director of Accounting
Narragansett Bay Insurance Company seeks an experienced, innovative, problem-solver, who possesses a high degree of initiative and integrity, to join the management team at our rapidly growing insurance firm headquartered in the Providence area.
In this role, you will assist with establishing and maintaining accounting practices and procedures; oversee the preparation statutory and US GAAP financial statements; develop and maintain compliance with accounting policies; and provide thought leadership within the team.
Specific Duties
- Oversee, manage and coordinate the day to day accounting and financial reporting functions of the Company. This includes, but is not limited to month-end close, balance sheet review, coordination of tax filings, accounts payable and cash management and financial statement preparation.
- Assist in the development, documentation and testing of the internal control environment. Ensure compliance with applicable regulations and guidance around internal control policies and procedures.
- Ensure quarter end and year end corporate internal and external audit financial reporting requirements are completed timely and accurately.
- Coordinate month-end system close process, review financial statements for accuracy and completeness. Record and review journal entries and review monthly account reconciliations.
- Research and propose solutions to complex accounting issues for both statutory and US GAAP. Ensure compliance with Sarbanes-Oxley and other corporate accounting policies and procedures.
- Prepare financial statements and variance analysis on a monthly basis. Assist in the development of internal management reporting and statistics that monitor overall business.
- Manage and coordinate corporate licensing in all jurisdictions.
- Responsible for annual audit coordination and support. Interact with state regulators and coordinate triennial exams.
- Monitor and safeguard assets, including accounts receivable and reinsurance recoverables.
- Direct cash management functions to ensure monthly Accounts Payable and cash flow goals are met.
- Participate in the management of capital adequacy; respond to regulators and rating agency issues.
Qualifications
The ideal candidate must have:
- Bachelor’s degree in accounting or finance with at least ten years experience.
- A minimum of three years in public accounting and five years experience with property and casualty insurance
- Strong knowledge of statutory accounting.
- Demonstrated strategic planning, leadership, and presentation skills a must.
- CPA preferred.
- Experience with Excel, Word and PowerPoint a plus.
Narragansett Bay Insurance Company provides property and casualty insurance for policy holders throughout the Northeast. Its unique underwriting program allows the company to enter markets in coastal states that are going through significant change. This, coupled with an additional $200 million of capital, supports our growing market opportunity.
If you are interested, send your resume to Gail.Cook@nbic.com or visit their website for an automated application process at www.nbic.com.
ACCOUNTING INFORMATION:
Tax preparation and services are important, but your accountant can make a huge difference in many other areas. Tax planning and preparation does not have to be a overwhelming task if you have got the right tax professional on your team. Remember, no matter the background of your selected accountant or whether his work is guaranteed, you are ultimately responsible for the information on your tax returns.
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