Financial Manager
PMA Companies

Princeton, New Jersey

Posted in Insurance
15 days ago


This job has expired.

Job Info


The Finance Manager will be responsible for direct, ceded, and assumed premium as related to a surplus lines P&C insurance underwriting operation under one of the 50 largest publically held insurance holding companies. The successful candidate will be a self-starter and able to manage time and workload effectively, able to work independently.

Responsibilities:

  • Analyze and control premium and commission monthly by source, program, company and LOB
  • Calculate ceded reinsurance premium and commissions and prepare quarterly trend analyses
  • Monitor cash collections and make quarterly settlements between PMA and reinsurers
  • Calculate, book and settle all ceded reinsurance losses while interacting with actuarial staff in the preparation and review of quarterly loss reserve analyses
  • Control all assumed and inter-company reinsurance
  • Calculate deferred acquisition costs quarterly
  • Prepare quarterly and annual financial and management reports
  • Facilitate quarterly financial results meetings and meet regularly with operating management on various topics pertinent to the business
  • Work cooperatively to facilitate financial audits including Sarbanes-Oxley compliance and State Examinations
  • Oversee preparation of annual financial plan model, working with colleagues in financial accounting and reporting, reinsurance accounting, actuarial and operations
  • Demonstrate commitment to Company's Code of Business Conduct and Ethics, and apply knowledge of compliance policies and procedures, standards and laws applicable to job responsibilities in the performance of work


Requirements:
  • Bachelor's Degree (Accounting/Finance preferred)
  • Five to ten years business experience, with at least five in the P&C insurance industry
  • Financial accounting experience required, P&C reinsurance accounting experience a plus, especially in the P&C program business
  • Strong Microsoft Excel and Access skills
  • Strong verbal and written communication skills -- able to communicate financial matters to non-financial management and staff in a concise, informative manner
  • Work is focused on a surplus lines P&C insurance underwriting operation under one of the 50 largest publically held insurance holding companies, so the successful candidate will be a self-starter, flexible/adaptable to changing priorities, inquisitive
  • Able to identify potential problem areas and formulate suggested solutions for discussion with Manager and operations management and staff
  • Ability to work both individually and collaboratively, knowing when to involve others in the evaluation and decision making process to minimize non-productive time
  • Comfortable interacting with all levels of management


This job has expired.

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