AssuredPartners

  • Regional Chief Financial Officer - Aerospace

    Job ID
    2019-4849
    # of Openings
    1
    Category
    Finance
    Location
    US-CO-Golden
  • Overview

    Summary

    Ensure accurate financial reporting to AP Corporate and AP Aerospace internal end users. Implement AP financial reporting indicatives. Manage and oversee month-end close process. In conjunction with AP Aerospace leadership and Corporate CFO, assist with managing annual budgeting process as well as managing AP's quarterly reporting. Work with AP Corporate to train and onboard new insurance agency acquisitions on accounting process and procedures, and assist with related entries and reporting for new acquisitions. Manage AP Aerospace accounting department personnel in Golden, CO plus limited remote accounting staff. Manage internal and external audit process. Manage and oversee other compliance and GAAP-related tasks. Prior property and casualty agency accounting experience is essential.

    Responsibilities

    Essential Duties and Responsibilities include the following. Other duties may be assigned.

     

    Ensure accurate financial reporting to AP Corporate and AP Aerospace leadership internal end users.

    • Submission of month-end financials and transaction detail to AP via Cadency
    • Review and reconciliation of AP REVNET reports provided by AP
    • Oversee upload of monthly financial data into Adaptive
    • Review/reconciliation of Adaptive data to Applied Epic data
    • Assist in creation of new internal reports for various end users, as needed/requested
    • Creation of KPIs and/or dashboard reports to assist PCL, Ops Leads and other managers in better understanding monthly performance
    • Responds to both internal and external customer information requests in a timely manner and ensuring customer satisfaction.

       

       

    Implement AP financial reporting initiatives:

    • Rollout and training of procedures to Controller(s)
    • Creation of appropriate processes and systems to support new reporting initiatives
    • Review and follow-up with Controller(s) to ensure proper process are being followed

     

    Oversight of financial reporting on a monthly basis to include management of month-end close process:

    • Oversee month-end process performed by Controller(s)
    • Intercompany reconciliation in conjunction with AP corporate policies
    • Review and upload monthly financial templates provided by satellite offices
    • Signoff on bank reconciliations and other month-end tasks performed by Controller(s) via Cadency
    • Creation and management of monthly accrual and other global entries included, but not limited to:
      • GSC accruals
      • AP bonus accruals
      • AP Corporate and Regional charges
      • Amortization/depreciation (via BNA software)
      • Multi-year policy adjustments
      • Other GAAP-related topside entries (e.g., annual vacation accrual, DB accrual, stub period adjustments)

     

    Leads annual budget process and development of forecasts for profit centers throughout the year, in conjunction with AP Aerospace leadership and Corporate CFO:

    • Oversee Controller(s) and ensure processes are being followed and are in-line with AP Corporate initiatives
    • Assist in developing budgeting process via Adaptive
    • Work with Controller(s) and other end users to train them on using Adaptive to complete annual budgets

     

    Assist with managing AP quarterly reporting, in conjunction with Corporate CFO (details TBD).

     

    Train and onboard new insurance agency acquisitions in regards to accounting process and procedures:

    • Meet with new acquisitions/platform transfers to ensure an understanding of month-end responsibilities
    • Setup required training for executing monthly financial template, Cadency tasks, etc.

     

    New insurance acquisitions entries and reporting, in conjunction with AP Corporate:

    • Opening balance sheet entries
    • Working capital true-ups
    • Review earn-out statements provided by AP Corporate
    • Periodic follow-ups with PCLs regarding the status of earn-outs to ensure they are aware of their performance as earn-out progresses

     

    Manage AP Aerospace accounting department personnel.

    • Primary team based in Golden, CO with limited remote staff
    • Lead, hire, fire, as needed, all accounting department personnel for AP Aerospace
    • Interview and participate in hiring HR Coordinator for AP Aerospace to be co-located in Golden, CO

     

    Manage internal/external audit process:

    • Main point of contact for the auditors
    • Specifics in this area are still TBD but will involve managing and delegating various requests and overseeing proper adherence to internal controls

     

    Manage and oversee other compliance and GAAP-related tasks:

    • Creation of process for completing annual 1099 filings
    • Oversight and management of lease procedure
    • Maintenance and oversight of AP's lease maintenance software
    • Maintenance and oversight of BNA fixed-asset software (to be implemented)

     

    This positon report to the Regional CEO and works with senior management to improve the profitability and growth of the Region.

     

    Supervisory Responsibilities                                                   

    Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.

     

    Qualifications

    To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed 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.

     

    Education and/or Experience                                                  

    Insurance Broker Experience is required. Master's degree (M. A.) or equivalent; and ten years related experience and/or training; or equivalent combination of education and experience. Prior property and casualty agency accounting experience is essential.

     

    Language Skills                                               

    Ability to read, analyze, and interpret the most complex documents. Ability to respond effectively to the most sensitive inquiries or complaints. Ability to write speeches and articles using original or innovative techniques or style. Ability to make effective and persuasive speeches and presentations on controversial or complex topics to top management, public groups, and/or boards of directors.

     

    Mathematical Skills                                                    

    Ability to work with mathematical concepts such as probability and statistical inference. Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.

     

    Reasoning Ability                                             

    Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.

     

    Computer Skills                                              

    To perform this job successfully, an individual should have knowledge of Accounting software; Agency management software; Internet software; Payroll systems; Spreadsheet software and Word Processing software.

     

    Other Qualifications                                                   

    Must hold valid driver's license. May have to travel up to 50% of work week.

     

    Physical Demands The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

     

    While performing the duties of this job, the employee is frequently required to sit; use hands to finger, handle, or feel; reach with hands and arms and talk or hear. The employee is occasionally required to stand and walk. The employee must frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus.

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