Job Description
Assistant Controller
Location: Philadelphia, PA
Salary: $125K - $190K + Bonus (BoE)
Hybrid Schedule:
- Phinsys Subledger Implementation & Pre-Go-Live Underwriting Accounting (Year 1 Priority)
- Manual underwriting journal entries prior to Phinsys go-live: Earned Premium, IBNR, DAC, and Ceded Reinsurance calculations prepared and loaded via EIB
- Post-go-live Phinsys Administration: Configuration, Rules Management, Exception Review, Earned Premium, and Calculation Oversight
- Serve as the primary Phinsys system administrator
- Statutory Accounting & Regulatory Filings
- Lead preparation of quarterly and annual NAIC statutory statements (LIC and LSIC) in coordination with Forvis Mazars: Filing Calendar and coordinate all supporting schedules
- Coordinate with Forvis Mazars on NAIC quarterly and annual statement preparation
- Finance contact for all Forvis Deliverables and Review Cycles
- Assist with document production for state regulatory exams (DIFI and other state exams)
- Reinsurance Accounting - Primary Owner
- Ceded Reinsurance Accounting: Quota Share, XL, and ADC structures
- Maintain Cession Schedules, Bordereau Reconciliation, and Settlement Accounting
- Treaty accounting documentation, Cession Schedule maintenance, and Counterparty Settlement
- Cross-Functional & Systems
- Partner with the Controller on GAAP close workflows and multi-entity consolidation
- Serve as backup Workday system administrator
- Support DIFI and other regulatory examinations through document production and correspondence
- Review and prepare FloQast Close Workflow Management
- Disbursement
- Payment Reconciliation
- Vendor Management
- High-volume Payment Processing: ACH, Wire Transfers
- Resolve: Delinquency, /Errors/Discrepancies / Fraud
- Maintain and Ensure Compliance
Required Experience / Qualifications / Education:
- B.S. in Accounting or Finance required; CPA preferred
- 5+ years in P&C insurance accounting with a Carrier (E&S Specialty Lines)
- Statutory Accounting (SAP) & NAIC filing
- Ceded Reinsurance Accounting / Quota Share & XI Structures: ADC / Retroactive Reinsurance
- Multi-entity Consolidated Accounting
- Systems: Insurance Subledger, Phinsys, Accounting Center (or equivalent), ERP (Workday Financials), Oracle, SAP
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