Job Description

Job Description

Job Description

Our client, a well-established, international insurance company based in Los Angeles, is seeking an experienced Finance Manager to join their finance team. This role will report directly to the Senior Finance Manager and will be responsible for overseeing the financial and accounting functions of their MGA business . The Finance Manager will play a key role in ensuring the financial stability of the company and its partner insurance carriers through accurate and timely reporting, while also leading the implementation of a new accounting system. In addition to financial oversight, this individual will contribute to strategic corporate initiatives and ensure compliance with reporting.

Key Responsibilities:

• Prepare and review all GAAP and SAP financial reports, including annual and quarterly statements, audited financials, and regulatory filings, ensuring accuracy and timely submission.
• Develop and manage a highly skilled accounting team, providing leadership and support.
• Oversee the accurate and timely recording of all company transactions and ensure consistent reconciliation of accounts.
• Collaborate with vendors, producers, and reinsurers to ensure timely settlement of payables and receivables.
• Analyze key financial indicators such as premiums, claims, expenses, cash flow, and investments.
• Manage financial reporting for month-end, quarter-end, and year-end close, including the preparation of journal entries and filings for management and stakeholders.
• Supervise payroll, accounts payable, accounts receivable, and treasury functions while ensuring compliance with relevant tax regulations.
• Manage accruals, bank reconciliations, and contracts with insurance carriers, customers, and vendors.
• Monitor and maintain company cash balances, perform monthly cash forecasts, and direct treasury management activities, working closely with banks and investment managers.
• Act as the subject matter expert and business analyst for the implementation of the Guidewire insurance system and a new corporate finance/accounting system.
• Work closely with the finance team to enhance planning and reporting functionalities through improved communication and collaboration.

Qualifications:

• Bachelor’s degree in accounting
• Certified Public Accountant (CPA) designation is highly preferred, with experience in the property and casualty insurance industry
• Public accounting experience preferred
• At least 7 years of relevant experience within the insurance industry
• Strong knowledge of GAAP is essential; familiarity with IFRS is an added advantage
• Advanced proficiency with accounting systems and Microsoft Office Suite, particularly Excel
• Excellent analytical and quantitative skills with a strong aptitude for problem-solving
• Proven success in developing and managing high-performing teams and accounting processes
• Exceptional communication and interpersonal skills
• Ability to work independently, manage multiple priorities, and meet deadlines in a fast-paced environment
• Strong commitment to confidentiality and integrity in managing financial data

What They Offer:

• Competitive compensation and benefits
• Hybrid work environment
• Training and professional development support

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