Assistant CFO

The NAMIC Insurance Company (NAMICO) has an opportunity for an Assistant CFO. This position will support the CFO in managing all facets of financial operations, accounting, regulatory and management reporting, investments, reinsurance, risk management and strategy to ensure the company's stability, profitability and compliance within the Professional Liability component of the Property & Casualty insurance industry. This position is intended to prepare a strong candidate for consideration to replace the current CFO upon his retirement in early Spring, 2028.

Essential functions of the position include:

• As a three-person department, the DOF/ACFO will manage a Senior Accountant while working closely with the CFO & Treasurer in the successful accomplishment of essentially all Finance functions and activities, as directed by the CFO. However, the DOF/ACFO position has primary responsibility for the following: Implementation of statutory accounting principles, policies and procedures
• Creation and maintenance of clear, concise and accurate supporting schedules for trial balance accounts
• Strong account analysis and understanding.
• Receipt, disbursement, banking, and custody of funds, securities and financial instruments, with related reconciliation
• Lead the creation of monthly, quarterly, and annual financial statements for management, Board, and various Board committee reviews
• Creation and filing of monthly, quarterly and annual regulatory reporting to the Indiana Department of Insurance, other states, the NAIC, AM Best and Company business partners
• Submission of state and municipal premium taxes and filing of related returns
• Ensure that investment accounting and reporting, in all respects, is accurate and timely
• Maintain an effective relationship with NAMICO's 3rd party Investment Accounting partner to ensure communication and processes are working smoothly.
• Analyzes and interprets various statistics and financial reports to evaluate operating performance
• Works closely with independent auditors during annual statutory audit, as well as during the statutory 5-year audit performed by the Indiana Department of Insurance
• Ensures the creation and continuing maintenance of a database of all required finance deliverables and due dates.
• Arrives to work on time and maintains a positive attendance record.
• Builds and maintains positive work relationships with management, staff members, and external contacts.
• Performs any other duties and projects as assigned.

Qualifications include:

• CPA designation required
• Bachelor's degree required
• Statutory Property & Casualty insurance accounting experience required.
• Demonstrable understanding of insurance accounting concepts
• Eight or more years of P&C insurance accounting experience required, a significant portion of which in a managerial or other leadership role required
• Statutory reporting, including creation and filing of quarterly and annual statements, strongly preferred.
• Insurance investment accounting experience.
• Knowledge of Microsoft Power BI, Business Objects, Great Plains general ledger, Sovos/Wings statutory filing software, and the DIAMOND Insuresoft application all strongly preferred proficiency in use of the Microsoft Suite of software.
• Insurance specific designations preferred
• Understanding and application of reinsurance accounting and internal control concepts preferred
• Experience with professional liability insurance preferred
• Ability to successfully pass a criminal background and MVR check.

NAMIC is proud to have been selected as one of the Best Places to Work! We offer an excellent compensation and benefits package with this full-time position. Benefits include access to group medical, dental and vision; a matched 401(k) plan; one paid day each year to volunteer with the charity of your choice; generous paid vacation; and more! We have a friendly yet professional work atmosphere where everyone enjoys working hard for the good of our members.

to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, gender identity, sexual orientation,
age, marital status, veteran status, disability status, or any other legally protected status.