Job Description
The Assistant Controller plays a critical role in the financial reporting and accounting operations of the P&C insurance organization. This position supports the department in managing statutory and GAAP reporting, ensuring compliance with regulatory requirements, overseeing close processes, and strengthening internal controls. The ideal candidate brings strong insurance accounting expertise, leadership capability, and hands‑on technical depth in P&C insurance operations.
Key Responsibilities
Financial Reporting & Close
- Assist in overseeing the monthly, quarterly, and annual close processes, ensuring accuracy, timeliness, and completeness
- Oversee preparation of and review GAAP and statutory financial statements, schedules, and supporting documentation
- Ensure proper accounting and reporting of P&C-specific items such as:
- Loss and LAE reserves (including coordination with actuarial)
- Unearned premium reserves
- Reinsurance (ceded and assumed)
- Deferred acquisition costs (DAC)
- Support preparation of management reporting, variance analyses, and financial insights for senior leadership
Regulatory & Statutory Compliance
- Support statutory reporting requirements in compliance with NAIC guidelines and state insurance departments
- Assist with preparation and filing of statutory annual and quarterly statements
- Coordinate with regulators, external auditors, and internal audit as needed
- Monitor changes in statutory accounting principles and regulatory requirements impacting P&C insurers
Internal Controls & Audit
- Help design, maintain, and enhance internal controls over financial reporting
- Support SOX (if applicable), internal audits, and external audits, including audit readiness and issue remediation
- Ensure accounting policies are documented, current, and consistently applied
Leadership & Process Improvement
- Manage, mentor, and develop accounting staff as assigned
- Review work performed by staff for quality and compliance
- Identify and implement process improvements, system enhancements, and efficiencies within accounting and reporting
- Partner cross-functionally with Actuarial, Underwriting, Claims, Reinsurance, and FP&A
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.