Captive Accounting Manager

Brown & Brown; Colchester (VT); Hybrid; USD 120,000 - 140,000; Full time

Benefits offered by this job

Health Benefits

ESPP

401k

Student Loan Assistance

Tuition Reimbursement

Mental Health & Wellness

Paid Time Off

Holidays

Discounts

Job summary

Brown & Brown’s Risk Solutions team is seeking a Captive Accounting Manager to lead day-to-day accounting for a portfolio of captive insurance companies. The role involves interfacing with senior management and clients, with opportunities to build strategic, consulting skills.

You will oversee compliance, financial reporting, and regulatory filings across multiple domiciles, including Vermont and offshore jurisdictions, using Acumatica and Velixo.

Qualifications

• Bachelor’s degree in Accounting or related field.
• 8-12 years’ experience in a similar role.
• Ability to use initiative and good judgment to minimize errors.
• Must possess critical thinking skills.

Responsibilities

• Manage day-to-day accounting and financial activities for captive insurance portfolios.
• Provide compliance advice and present financial information to clients and boards.
• Prepare/review monthly financial statements and management reviews in GAAP/IFRS/SAP and modified GAAP.
• Train and supervise teammates; oversee service providers and regulatory filings.
• Monitor cash flow, budgets, and ad hoc reports using multiple accounting systems.

Skills

Initiative & judgment

Critical thinking

Team collaboration

Active listening & customer service

Education

Bachelor’s degree in Accounting

CPA designation (preferred)

Tools

Acumatica

Velixo

Job description

Built on meritocracy, our unique company culture rewards self-starters and those who are committed to doing what is best for our customers.

Brown & Brown’s Risk Solutions team, formerly known as Beecher Carlson, is looking for a Captive Accounting Manager to join the team in Colchester, VT or remotely.

Responsibilities

As an Accounting Manager, you will manage the day-to-day accounting and financial activities of a portfolio of captive insurance companies acting as focal contact person with senior management and our clients, with an opportunity to develop strategic and consulting skills. Responsibilities will include, but are not limited to:

• Provide advice on compliance requirements, investment regulations and current accounting developments that affect clients
• Give presentations at client, shareholder, and/or Board of Director meetings to review financial information. Prepare and/or review monthly financial statement package and management review for a group of captive clients, in accordance with GAAP, IFRS, SAP and modified GAAP
• Perform all accounting necessary for maintaining captive clients, including preparing and/or reviewing all general ledgers, reconciliation and customized financial and managerial reports.
• Training, oversight and development of teammates.
• Work with all service providers including but not limited to auditors, actuaries, tax authorities, regulators, investment professionals, lawyers, TPAs and bankers; acting as client point person to organize and coordinate all matters to effectively manage the captive clients. Prepare and/or review regulatory filings, premium tax returns and NAIC filings.
• Responsible for regulatory interfacing with each domicile – onshore and offshore, consisting of domiciles such as Vermont, Arizona, Bermuda, Cayman Islands, Colorado, Connecticut, Delaware, District of Columbia, Georgia, Hawaii, Michigan, Missouri, Nevada, and South Carolina.
• Responsible or substantive audit review and compliance testing, involving drafting and reviewing of audit reports.
• Monitor cash flow, prepare budgets and ad hoc reports. Work with multiple accounting systems, including Acumatica and Velixo to prepare financial statements in accordance appropriate accounting basis.
• Maintain appropriate level of confidentiality of information processed.
• Follow all company policies and procedures.
• Other duties as assigned.

Qualifications

• Bachelor’s degree in Accounting or related field
• 8-12 years’ experience in position with similar duties
• Ability to use initiative and good judgment in accomplishing tasks with minimal errors.
• Must possess critical thinking skills.
• Establish and maintain effective work relationships and to function in a team environment.
• Excellent listening, interpersonal and customer service skills.
• Proficiency in use of personal computers, including data entry, word processing and spread sheet applications (Microsoft Office applications).

Preferred

• CPA designation

Pay Range

• 120000 - 140000 Annual

The pay range provided above is made in good faith and based on our lowest and highest annual salary or hourly rate paid for the role and takes into account years of experience required, geography, and/or budget for the role.

Teammate Benefits & Total Well-Being

We go beyond standard benefits, focusing on the total well-being of our teammates, including:

• Health Benefits: Medical/Rx, Dental, Vision, Life Insurance, Disability Insurance
• Financial Benefits: ESPP; 401k; Student Loan Assistance; Tuition Reimbursement
• Mental Health & Wellness: Free Mental Health & Enhanced Advocacy Services
• Beyond Benefits: Paid Time Off, Holidays, Preferred Partner Discounts and more.

Not reflective of all benefits. Enrollment waiting periods or eligibility criteria may apply to certain benefits. Benefit details and offerings may vary for subsidiary entities or in specific geographic locations.

Recruiting Vendor Disclosure Statement

Brown & Brown does not accept unsolicited resumes from external recruiters, recruitment vendors or employment agencies ("Recruiting Vendors"). Recruiting Vendors must have a valid written agreement and received prior written authorization from an authorized Brown & Brown representative before submitting candidates for any publicly posted role. Any unsolicited resumes submitted to Brown & Brown or its employees become the property of Brown & Brown, and no fees will be paid for such submissions. Additional information regarding this policy can be found on our careers page.

The Power To Be Yourself

As an Equal Opportunity Employer, we are committed to fostering an inclusive environment comprised of people from all backgrounds, with a variety of experiences and perspectives, guided by our Diversity, Inclusion & Belonging (DIB) motto, “The Power to Be Yourself”.