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Financial Accounting Manager

Old Republic Risk Management
dental insurance, life insurance, vision insurance, paid holidays, 401(k)
United States, Wisconsin, Brookfield
445 South Moorland Road (Show on map)
Sep 17, 2024
Description
Position at Old Republic Risk Management
Job Title: Financial Accounting Manager
Location: Brookfield, WI
Reports To: VP Controller
Company Overview:
Old Republic Risk Management (ORRM), headquartered in Brookfield, WI, is a leading provider of primary casualty insurance products for corporate and group insureds with complex risks. A pioneer in the alternative risk market since 1985, ORRM is renowned for delivering innovative solutions that offer unparalleled flexibility in insurance program design and structure.
Position Overview:
The Financial Accounting Manager is responsible for directing financial accounting procedures and controls to ensure the accuracy and timeliness of financial statements at ORRM. As the Financial Accounting Manager, you will oversee financial statement analysis, preparation, and presentation, manage compliance with accounting standards, and coordinate various financial and treasury functions. This role requires strong leadership, extensive financial expertise, and the ability to effectively manage relationships with auditors and regulators.
Key Responsibilities:
  1. Financial Accounting and Reporting:
    • As the Financial Accounting Manager, direct financial accounting procedures and controls to ensure accurate and timely financial statements.
    • Manage financial statement analysis, preparation, and presentation of quarterly pre-close information to senior management.
    • Oversee the preparation and review of financial reports, ensuring adherence to accounting standards.
  2. Compliance and Controls:
    • Ensure compliance with accounting standards, regulations, and internal controls.
    • Identify, document, implement, and maintain financial controls as processes are modified.
    • Administer and coordinate control documentation related to Sarbanes-Oxley (SOX) regulation, including maintaining documentation and control testing.
    • Manage relationships with internal and external auditors and regulators, with assistance from the VP-Controller.
  3. Treasury Management:
    • Direct the treasury function, including maintenance of bank service agreements, operations, reporting, and coordination of short-term working capital needs with Old Republic Asset Management.
    • Oversee cash management, banking relationships, and liquidity planning.
  4. Cost System and Liabilities:
    • Analyze Premium Tax, Assessments, and Surcharge liabilities, maintaining the cost system.
    • Ensure accurate rates and system functionality for finance and marketing.
    • Monitor pass-through billings to ensure accurate billing and timely collections.
  5. Collateral and Security:
    • Direct collateral and security functions, managing internal and external relationships to protect the company from large loss exposures.
    • Ensure proper documentation and management of collateral agreements and security measures.
  6. Fixed Assets and Property Management:
    • Control, reconcile, and maintain fixed assets, including rent and personal property filings.
    • Ensure accurate records and compliance with asset management policies.
  7. Software and Systems Management:
    • Develop, implement, and maintain software applications and general ledger software.
    • Oversee system updates and ensure functionality supports accounting and reporting requirements.
  8. Team Leadership and Development:
    • Supervise direct reports, providing guidance, performance management, and disciplinary action as necessary.
    • Train and motivate subordinates to achieve goals and foster a collaborative, high-performance work environment.
    • Delegate tasks effectively and contribute to the recruitment and selection of new employees.
Qualifications:
  • Education: Bachelor's Degree in Accounting or Finance.
  • Experience: Minimum of 10 years of related experience, or an equivalent combination of education and experience.
  • Certifications: CPA license required.
  • Management: Proven experience in a managerial role.
  • Skills and Knowledge:
    • Strong knowledge of GAAP, financial reporting, and budgeting.
    • Experience with Sarbanes-Oxley (SOX) compliance and control documentation.
    • Proficient in treasury management and cost system analysis.
    • Experience with software application development and general ledger software management.
    • Insurance experience preferred.
  • Technical Skills: Proficient in Microsoft Office Suite, particularly Excel.
Competencies:
  • Attention to Detail: Ensures accuracy in financial reporting and system maintenance.
  • Leadership: Inspires and manages a team effectively, fostering a positive work environment.
  • Analytical Skills: Demonstrates strong ability to analyze and interpret financial data.
  • Problem-Solving: Approaches financial and operational challenges with innovative solutions.
  • Communication: Effectively conveys complex financial information to various stakeholders.
  • Organizational Skills: Manages multiple tasks and priorities efficiently to meet deadlines.
Company Culture:
At ORRM, we pride ourselves on creating a dynamic work environment. Our culture fosters open lines of communication, encourages good working relationships, and values diverse backgrounds. We believe in the strength of collaboration- We're Stronger Together. Our employees are our greatest asset, and their contributions and hard work allow us to achieve the highest level of success. We cultivate a positive work environment where everyone can grow and succeed.
Team Environment:
We are committed to a team-based, supportive, and positive work environment. As the Financial Accounting Manager, you will be an integral part of a collaborative atmosphere where every employee is valued and supported, contributing to a team-oriented approach where everyone can thrive.
Company Benefits:
Financial:
  • Competitive salary
  • 401(k) Savings & Profit-Sharing Plan, including company match contribution
  • Roth investment options
  • 529 Education Savings Plan
  • Employee Referral Bonus Program
Health:
  • Health Insurance
  • Dental Insurance
  • Flexible Spending & Health Savings Account options
  • Life Insurance
  • Vision Insurance
  • Supplemental Life Insurance
  • Long-Term Disability Insurance
  • Paid Leave of Absence Benefits
  • Accident & Critical Illness Insurance
  • Pet Insurance
Work-Life Balance:
  • 38.75-hour standard work week
  • Hybrid work opportunities available upon completion of training
  • Casual business attire
  • Generous paid time-off (PTO)
  • Paid holidays
  • Company-sponsored subscription to Calm app
  • Volunteer opportunities
  • Company-sponsored events and outings
Application Instructions:
Interested in joining our team as the Financial Accounting Manager? Click 'Apply' and follow the simple steps to submit your resume to the Talent Acquisition team. We look forward to reviewing your application!
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