Job DescriptionThis is an opportunity to join Ascot Group - one of the world's preeminent specialty risk underwriting organizations.
Designed as a modern-era company operating through an ecosystem of interconnected global operating platforms, we're bound by a common mission and purpose. Our greatest strength is a talented team who flourishes in a collaborative, inclusive, and entrepreneurial culture, steeped in underwriting excellence, integrity, and a passion to find a better way,
The Ascot Way.
The Ascot Way guides our people and our organization. Our underwriting platforms collaborate to find creative ways to deploy our capital in a true cross-product and cross-platform approach. These platforms work as one, deploying our capital creatively through our Client Centric, Risk Centric and Technology Centric strategies
Built to be resilient, Ascot offers clients leading financial security while delivering bespoke products and world-class service - both pre- and post-claims. Ascot exists to solve for our clients' brightest tomorrow, through agility, collaboration, resilience, and discipline.
Position Overview:Reporting to the U.S. Controller, the
Senior Finance Manager, Worker's Compensation, will lead our accounting efforts in overseeing the financial operations and reporting for our Worker's Compensation insurance entities. This role will be responsible for collaborating with the Ascot US Controllership team in preparing insurance underwriting financial results, internal communications, and statutory (STAT) reports, supporting internal/external audits, and maintaining a robust control environment around financial reporting and operational processes. Additionally, this role will provide results analysis and reporting to the US Controller's team and the business unit executive, as well as play a pivotal role in transforming business processes within the accounting unit.
Primary Responsibilities: - Prepare timely and accurate accounting for the business unit, including premiums, acquisition costs, losses, and loss reserves.
- Provide internal reporting of business unit financial results and external STAT reporting.
- Collaborate with the US Controller's team and the business unit leadership to ensure they understand their financial results.
- Coordinate internal/external audits and the preparation of audited statutory financial statements.
- Ensure compliance with the Departments of Insurance and NAIC financial regulations.
- Maintain a strong control environment over financial reporting, identify emerging risks, and support their testing.
- Collaborate with the US Controller's team and IT/Operations to transform business processes.
- Provide ad hoc financial and business decision support as needed.
Requirements: - Bachelor's degree in accounting or related fields (strongly preferred).
- Certified Public Accountant (CPA) desired.
- 10+ years of progressive experience in accounting roles; P&C insurance and Worker's Compensation finance experience preferred.
- Strong financial acumen including a thorough understanding of statutory financial reporting requirements, preferably specific to P&C insurance.
- Ability to work in a team environment.
- Excellent verbal and written communication skills
- High degree of critical thinking skills, analytical, and organizational skills.
- Ability to prioritize responsibilities, and manage time and resources effectively.
- Exhibit a spirit of continuous improvement and role flexibility.
Compensation Actual base pay could vary and may be above or below the listed range based on factors including but not limited to experience, subject matter expertise, and skills. The base pay is just one component of Ascot's total compensation package for employees. Other rewards may include an annual cash bonus, long-term incentives, and other forms of discretionary compensation awarded by the Company.
Company Benefits The Company provides a competitive benefits package that includes the following (eligibility requirements apply):
Health and Welfare Benefits: Medical (including prescription coverage), Dental, Vision, Health Savings Account, Commuter Account, Health Care and Dependent Care Flexible Spending Accounts, Life Insurance, AD&D, Work/Life Resources (including Employee Assistance Program), and more
Leave Benefits: Paid holidays, annual Paid Time Off (includes paid state /local paid leave where required), Short-term Disability, Long-term Disability, Other leaves (e.g., Bereavement, FMLA, Adoption, Maternity, Military, Primary & Non-Primary Caregiver)
Retirement Benefits: Contributory Savings Plan (401k)
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