Chief Accounting Officer

SummaryThe Chief Accounting Officer (CAO) is a key leadership role responsible for overseeing all accounting and financial reporting functions of a P&C insurance holding company with four subsidiaries. The CAO ensures compliance with both Statutory (STAT) and Generally Accepted Accounting Principles (GAAP) accounting and reporting standards while maintaining the integrity of financial data, internal controls, and regulatory compliance. This role requires a strong technical accounting background, experience in the insurance industry, and the ability to lead a high-performing accounting team.Essential Duties & FunctionsReasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Specifically, this role will:Financial Accounting & Reporting:Oversee the preparation and accuracy of STAT and GAAP financial statements for the holding company and subsidiaries. Ensure timely and accurate quarterly and annual regulatory filings (e.g., NAIC statutory reporting, state regulatory filings, and SEC compliance once applicable). Manage the consolidation of financial reports across the holding company and subsidiaries. Maintain accounting policies and procedures in accordance with industry best practices and regulatory requirements.General Ledger Administration & Integrations:Oversee general ledger (GL) management, including chart of accounts, journal entries, and account reconciliations. Lead system integrations for financial reporting, including automated workflows and ERP systems. Implement best practices for GL maintenance, ensuring consistency and efficiency in financial reporting.Audit & Compliance:Manage the annual external audit process, acting as the primary liaison with external auditors. Ensure compliance with internal controls over financial reporting (ICFR), including SOX compliance once required. Develop and maintain an effective internal control framework to mitigate financial and operational risks. Oversee regulatory audits and examinations from insurance regulators and other governing bodies.Day-to-Day Accounting & Operational Finance:Lead the monthly, quarterly, and annual financial close process. Oversee accounts payable, accounts receivable, premium accounting, reserves accounting, reinsurance accounting, and investment accounting functions. Provide financial insights and analysis to support strategic decision-making. Monitor and optimize cash flow, reserves, and capital adequacy.LIO LIFE - What we value:The Customer Lens - Prioritizing our relationships, service and needs of our customers. Innovative Thinking - Fostering an environment that empowers and sustains bold thinking and actions. Balance - Creating an inclusive, diverse, and holistic balance to meet our personal and professional needs. Simplicity - Striving for simplicity in our service, products, and processes. Accountability - Owning our results and learning from them.QualificationsTo perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements list below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.Demonstrate service by going beyond what is expected. Exercise diplomacy skills to deal effectively and professionally with obstacles that arise with internal and external stakeholders. Ability to work in a fast-paced team environment, meet deadlines and adapt to change with a seamless impact on the business. Commit to the highest standards of quality and integrity. Exude a high degree of professionalism and treat others with respect. Experience analyzing data sets, working with accounting systems (Workday is a plus). Ability to develop strong partnerships with key stakeholders both internally and externally. Project management skills and adept at managing multiple responsibilities and deadlines simultaneously. Must be analytical, detail-oriented, and work effectively under narrow timeline limitations to produce accurate results. Ability and confidence to challenge existing procedures & use of system. Ability and desire to train and mentor more junior staff. Advanced Excel skills. Experience with financial systems, general ledger management, and system integrations. Proven ability to manage audits, regulatory reporting, and internal controls. Strong analytical, problem-solving, and decision-making skills. Excellent leadership, communication, and team-building abilities. Experience working with NAIC reporting, statutory filings, and insurance regulatory compliance.Required Education and Experience:Bachelor's degree in accounting, Finance, or related field. 10+ years of progressive accounting experience, with at least 5 years in a leadership role within the P&C insurance industry. Strong knowledge of STAT and GAAP accounting standards for insurance companies. Experience with financial systems, general ledger management, and system integrations.Preferred Education and Experience:Master's Degree or CPA. Experience with Workday, Adaptive Insights and FloQast. Background in reinsurance accounting, investment accounting, or intercompany eliminations. Familiarity with SOX compliance and internal controls over financial reporting.BenefitsAt LIO Insurance we value balance in both personal and professional life. That said, we offer all eligible employees the following benefits:Medical, Dental + Vision Coverage. HSA, FSA + Dependent Care Savings accounts. 100% Employer Paid STD, LTD + Basic Life Insurance. Voluntary Life + AD&D Benefit. Flexible Time Off. 401k Program.Position Type/Expected Hours of WorkThis is a full-time position. Expected days and hours of work are Monday through Friday, 8:30 a.m. to 5 p.m. This position may require long hours and weekend work.EEO StatementLIO Insurance provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, creed, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.Other DutiesPlease note this job description#J-18808-Ljbffr

Created: 2025-03-10