Chief Accounting Officer - CPA required

Helio Risk; Oklahoma City (OK); On-site; USD 180,000 - 280,000; Full time

Job summary

Helio Risk seeks a Chief Accounting Officer with CPA and insurance experience to oversee accounting, financial reporting, regulatory compliance, and financial services for captive and reinsurance entities.

The role partners with account managers and external advisors, ensuring accurate financial statements, strong governance, and efficient operations across the firm’s captive portfolio.

Qualifications

• Bachelor's degree in accounting required.
• Active CPA license required; in good standing.
• Minimum of 10 years of accounting experience.
• Experience in insurance, reinsurance, captive insurance management or financial services preferred.
• Experience preparing audited financial statements and regulatory filings required.
• Captive insurance industry experience strongly preferred.

Responsibilities

• Prepare monthly, quarterly, and annual financial statements for captive insurance and reinsurance companies.
• Maintain general ledgers and ensure accounting records are accurate and compliant with standards.
• Prepare journal entries, accruals, reconciliations, and supporting schedules.
• Record and reconcile insurance and reinsurance transactions (premiums, losses, recoverables, settlements).
• Coordinate with reinsurers, brokers, and third-party administrators on premium and claims activity.
• Lead the preparation of audit workpapers and liaise with external auditors.
• Coordinate with tax advisors for federal, state, and local filings.
• Develop and maintain client relationships with proactive communication and service.

Skills

GAAP knowledge

Insurance accounting

Excel

Regulatory reporting

Communication skills

Client advisory

Education

Bachelor's degree in accounting

Active CPA license

Tools

Microsoft Excel

General ledger systems

Financial reporting tools

Job description

Chief Accounting Officer (CPA and Insurance Experience Required)

Position Summary

We are a growing team across the country of approximately 15 FTEs. The CAO's technical work is overseen by the Chief Financial Officer and the position will report administratively to the Managing Partner. The CAO may supervise staff accountants. The CAO is responsible for providing governance and establishing efficiencies related to accounting, financial reporting, regulatory compliance, and financial services for insurance and reinsurance companies, including but not limited to captives, managed by the firm. This role serves as a key financial resource to clients and is responsible for ensuring the accuracy of financial records, regulatory filings, and audited financial statements.

As a client-facing professional, the CAO partners with account managers, lead captive managers, and others within the firm, as well as externally with captive owners, actuaries, auditors, regulators, brokers, and service providers to support the financial operations of captive insurance entities. The ideal candidate is a licensed Certified Public Accountant (CPA) with insurance and/or

reinsurance accounting experience and a strong understanding of regulatory reporting requirements.

Essential Duties and ResponsibilitiesFinancial Accounting and Reporting

• Prepare monthly, quarterly, and annual financial statements for captive insurance and reinsurance companies.
• Maintain general ledgers and ensure all accounting records are accurate, complete, and compliant with applicable accounting standards.
• Prepare journal entries, accruals, account reconciliations, and supporting schedules.
• Record and reconcile insurance and reinsurance transactions, including premiums, losses, loss adjustment expenses, commissions, recoverables, and settlements.
• Monitor cash balances, investment activity, and other financial transactions.
• Account for assumed and ceded reinsurance arrangements.
• Prepare and reconcile reinsurance calculations, balances due, and recoverable accounts.
• Maintain treaty-level accounting records and supporting documentation.
• Coordinate with reinsurers, brokers, and third-party administrators regarding premium and claims activity.

Regulatory Reporting and Compliance

• Prepare and file annual and quarterly financial reports required by captive insurance domiciles.
• Assist with premium tax calculations, regulatory filings, and statutory reporting requirements.
• Ensure compliance with domicile regulations, corporate governance standards, and reporting deadlines.
• Support regulatory examinations and inquiries.

Audit and Tax Coordination

• Lead the preparation of audit workpapers and supporting schedules.
• Serve as the primary accounting liaison with external auditors.
• Coordinate with tax advisors and assist in providing information required for federal, state, and local tax filings.
• Support annual financial statement audits from planning through completion.

Client Management and Advisory Services

• Act as a trusted advisor and primary accounting contact for assigned captive clients.
• Prepare financial presentations and reports for board meetings and shareholder meetings.
• Explain financial results, accounting impacts, and regulatory requirements to clients and stakeholders.
• Develop and maintain strong client relationships through proactive communication and exceptional service.

Process Improvement and Internal Controls

• Recommend and implement process improvements to enhance reporting accuracy and operational efficiency.
• Assist in developing internal controls and accounting policies for captive entities.
• Participate in system implementations and enhancements as needed.

Required QualificationsEducation

Education

• Bachelor's degree in accounting required.

Certification

• Active Certified Public Accountant (CPA) license required. No exceptions.
• CPA license must be in good standing.

Experience

• Minimum of 10 years of accounting experience required.
• Experience in insurance, reinsurance, captive insurance management, public accounting, or financial services preferred.
• Experience preparing audited financial statements and regulatory filings required.
• Captive insurance industry experience strongly preferred.

Technical Knowledge

• Strong knowledge of GAAP and insurance accounting principles.
• Familiarity with Statutory Accounting Principles (SAP) and captive insurance regulatory requirements preferred.
• Understanding of reinsurance accounting, premium recognition, loss reserves, and recoverables.
• Advanced proficiency in Microsoft Excel and financial reporting tools.
• Experience with insurance accounting and general ledger systems.

Core Competencies

• Exceptional analytical and problem-solving abilities.
• Strong attention to detail and commitment to accuracy.
• Excellent written and verbal communication skills.
• Ability to manage multiple client relationships and deadlines.
• Strong organizational and project management skills.
• Professional judgment and ability to independently resolve complex accounting issues.
• Commitment to client service excellence.

Preferred Qualifications

• Experience with captive insurance companies in offshore and onshore domiciles.
• Background in public accounting serving insurance clients.
• Knowledge of alternative risk financing, fronting arrangements, and reinsurance structures.
• Experience presenting financial information to boards of directors and executive management.

Why Join Us

As part of a leading captive and reinsurance management organization, you will work directly with sophisticated insurance and reinsurance programs, serve as a strategic advisor to clients, and play a critical role in supporting the financial integrity and regulatory compliance of captive insurance companies. This position offers meaningful client interaction, professional growth, and the opportunity to apply your CPA expertise in a specialized and growing segment of the insurance