Vice President of Finance

ProSearch is excited to be leading the search for a Vice President of Finance and Assistant Treasurer on behalf of a confidential and highly respected client in the insurance and healthcare space, located in Greater Portland, Maine. This high-impact leadership role is responsible for the strategic planning, direction, and oversight of financial operations across multiple entities. The right candidate will bring both vision and precision to areas including overseeing, directing, and preparing financial reports, tax filings, and ensuring compliance with all Federal, State, MAR, and company regulations pertaining to financial recordkeeping and transactions.

Principal Duties and Responsibilities

• Direct, coordinate, and evaluate the corporate finance, financial operations, and financial accounting departments.
• Lead the timely and accurate preparation of all financial reporting and deliverables to senior management, including income statements, balance sheets, reports to shareholders/policyholders, tax returns, and reports for insurance and other related government regulatory agencies.
• Analyze the Profit and Loss Statement on a monthly/quarterly/annual basis and report results to senior management.
• Oversee the financial forecast and operational budget process for all companies within the organization.
• Lead Model Audit Rule oversight and ongoing policies, procedures, and oversight. Ensure the organization’s financial-related metrics, documentation and reporting are conducted timely and accurately. Coordinate with the CRO, as applicable, for all related requirements for the organization.
• Oversee internal accounting controls, policies and procedures for all financial reporting, financial accounting, financial operations, federal, state, and premium tax reporting, and compliance.
• Coordinate the annual external financial audit to ensure compliance with all related statutory and GAAP accounting principles in a timely, accurate and efficient manner.
• Lead reinsurance accounting, reporting, analysis and key monthly, quarterly, and annual external reporting or renewal requirements. Coordinate with other members of leadership regarding reporting and strategic direction of reinsurance.
• Lead and oversee current and future general ledger selection, requirements, integration regarding financial reporting and appropriate statutory and GAAP related requirements for consolidation.
• Analyze company operations to pinpoint opportunities and areas that need to be reorganized, downsized, or eliminated.
• Confers with senior management to coordinate and prioritize planning for significant infrastructure, technology, or core system implementations. Oversee proper budget to actual reporting about these key strategic projects and initiatives.
• Works with outside parties such as reinsurers, bankers, and investment managers to ensure effective and pertinent financial reporting of activities.
• Responsible for the selection, hiring, and development of corporate finance leadership.
• Provides strategic financial input and leadership on decision making issues affecting the entities.
• Studies long-range economic trends and projects company prospects for future growth in overall sales and market share, opportunities for acquisitions or expansion into new product areas.
• Estimates requirements for capital, land, buildings, and an increase in the workforce.
• Supervise investment of cash and all funds; work with operating banks and/or investment managers to raise additional capital as required for expansion.
• Evaluates the Finance Department’s structure and team plan for continual improvement of the efficiency and effectiveness of the organization and provides individuals with professional and personal growth.

Minimum Knowledge, Skills, and Abilities

• Bachelor’s degree in business administration, accounting, or finance or equivalent and ten or more years of related experience; or equivalent combination of education and experience.
• CPA designation required

Location

Portland, Maine 04101 (Greater Portland area).