Director of Finance
Company: Assured Services Inc.
Location: Frederick, MD
Job Function: Finance
Background
ASI is hiring an Insurance Director of Finance for its insurance operations at Assurance Services, Inc. (ASI). ASI is a wholly-owned subsidiary of NASW (collectively, the Association) and exists to manage social workers and other behavioral health professional insurance programs with our policyholders’ best interests in mind. We work hard to be a socially responsible organization dedicated to improving the lives of behavioral health professionals.
We offer both professional liability, general liability and group insurance (such as life and disability) coverage through our wholly-owned captive insurance company (NASW Insurance Company) and an affiliated company.
In all our insurance products, we offer excellent value: the best possible product to meet the specific needs of behavioral health professionals at the most competitive group rates. ASI understands the abundant rewards of helping others. We also understand the importance of assessing and minimizing risk when working in today’s litigious society.
Summary
We are seeking a highly skilled and experienced professional to join our team as an Director of Finance. In this position, you will lead the accounting function for our insurance operations on a Generally Accepted Accounting Principles (GAAP) basis for both ASI and NASWIC, and manage and ensure compliance with all financial and regulatory reporting requirements by working with the captive manager. The ideal candidate will have a strong background in insurance accounting, excellent leadership and time management skills, and a proactive approach to problem solving.
The position reports to ASI CEO and collaborates with the NASW CFO.
Responsibilities
- Manage all aspects of the insurance accounting process on a GAAP basis.
- Research, interpret, and apply GAAP to insurance accounting transactions and issues.
- Coordinate with the captive manager to prepare the Annual Statement, including all exhibits and schedules, as well as the audited financial statements.
- Prepare monthly financial statements.
- Coordinate with NASW’s Chief Financial Officer for consolidation of financials into the Association’s financials.
- Lead the process and collaborate with internal teams to generate the information necessary for all GAAP and statutory insurance reporting schedules.
- Lead the audit of the financial statements, working closely with external auditors and internal stakeholders.
- Perform revenue and expense accruals, accounting and reconciliations.
- Participate in special projects as needed to support the broader goals of the finance and accounting department.
Requirements
- Bachelor’s degree in Accounting, Finance, or related field.
- CPA certification, preferred.
- 5+ years of progressive experience in accounting (both GAAP and SAP), regulatory reporting, and compliance.
- Preferred years of experience supporting P&C insurance accounting
- Strong understanding of GAAP and regulatory reporting requirements.
- Excellent analytical and problem-solving skills, with a keen attention to detail.
- Proven ability to manage multiple priorities and meet deadlines in a fast-paced environment.
- Strong communication and interpersonal skills, with the ability to collaborate effectively across departments.
- Leadership experience, including supervising and developing staff members.
- Public accounting experience preferred, but not required.
Compensation and Benefits
Compensation: $110,000 – $120,000 annually
Benefits:
- Competitive salary commensurate with experience.
- Comprehensive benefits package including medical, dental, and vision coverage.
- 401(k) retirement savings plan with employer match.
- Paid time off and company holidays.
- Collaborative and inclusive work environment with opportunities for career growth and advancement.
How to Apply
Apply here: https://naswasi.bamboohr.com/careers/24?source=aWQ9MjQ%3D