Chief Financial Officer

W. R. Berkley Corporation; Glen Allen (VA); On-site; USD 210,000 - 275,000; Full time

Benefits offered by this job

Health, Dental, Vision, Life

Disability

401(k) and Profit-Sh Sharing plans

Job summary

Berkley Mid-Atlantic Group (BMAG), a member of W. R. Berkley Corporation, seeks a Chief Financial Officer to lead all financial activities for BMAG and related units.

The role requires strategic finance leadership, strong GAAP and statutory reporting, and oversight of accounting, forecasting, and controls. You will partner with senior management to optimize costs, drive performance, and ensure regulatory compliance, while developing a high-performing finance team and delivering timely financial

Qualifications

• 10+ years in progressively responsible financial leadership roles.
• Property & Casualty Insurance experience including Statutory and GAAP reporting.
• Proficiency with Oracle, PeopleSoft, and Excel.
• Experience in financial reporting, planning, and cost control.
• Ability to travel as needed.

Responsibilities

• Serve as strategic finance leader on the Senior Leadership team.
• Partner with the President to accelerate execution, optimize outcomes and reduce costs.
• Provide executive management with advice and analysis on the financial implications of business activities.
• Provides leadership in the development and continuous evaluation of short and long-term strategic financial objectives.
• Directs the development and implementation of cost-effective financial reporting and accounting activities.
• Formulates effective financial oversight and internal accounting standards that comply with company and regulatory requirements.
• Contributes to the achievement of business objectives through the accurate and timely identification and resolution of accounting issues/opportunities.
• Directs the monthly reporting process and delivers accurate/timely monthly reports through effective utilization of all management information tools to optimize revenue and minimize financial exposure.
• Manage and direct the expense and general ledger process.
• Monitors financial transactions to ensure that expenses are in line with company expenses and profit objectives and are consistent with company policies.
• Drives innovation, including taking advantage of automation opportunities and new ways to streamline and make processes more efficient.
• Development of direct and indirect reports in both behavioral and job skills is crucial and a key component of the position. This includes regular career aspiration discussions.
• Responds to all activities related to corporate accounting/reporting requirements.
• Ensures that effective internal controls are in place and ensures compliance with GAAP and applicable federal, state, and local regulatory laws and rules for financial and tax reporting. Provides high-level analysis and recommendations for corrective action as necessary.

Education

Experience in financial leadership

Tools

Oracle

PeopleSoft

Excel

Job description

Company Details

Berkley Mid-Atlantic Group (BMAG) is a property and casualty insurance provider serving the Mid-Atlantic. We are a member of W. R. Berkley Corporation, one of the largest commercial lines property and casualty insurance holding companies in the United States. With the resources of a large Fortune 500® corporation and the ability to operate with the closeness and flexibility of a small company, we exclusively work with select independent agents to insure the future of business.

Our culture is one that empowers employees to question the status quo and seek innovative ways to continue to exceed the expectations of our customers. We practice collaboration, creativity, and teamwork on a daily basis, with a commitment to innovation and high performance.

Company URL:https://www.wrbmag.com/

The company is an equal opportunity employer.

Responsibilities

The Chief Financial Officer (CFO) serves as a vital member of the Senior Leadership team, overseeing all financial activities for two Berkley Operating Units- Berkley Mid Atlantic and Berkley Fire and Marine. This role is responsible for planning, implementing, managing, and directing functions such as accounting, financial reporting, information analysis, expense control, annual statements, and financial planning/forecasting. The CFO develops and enforces financial and accounting controls to ensure compliance with internal and external standards and plays a key role in strategic business planning to support the financial success of each operating unit.

Key Functions/Duties of Position: Describe the overall job responsibilities (including any decision-making authority) for this position.

• Serve as a strategic finance/operations leader and active member of the Senior Leadership team.
• Partner with the President to accelerate execution, optimize outcomes and reduce costs.
• Provide executive management with advice and analysis on the financial implications of business activities.
• Provides leadership in the development and continuous evaluation of short and long-term strategic financial objectives.
• Directs the development and implementation of cost-effective financial reporting and accounting activities.
• Formulates effective financial oversight and internal accounting standards that comply with company and regulatory requirements.
• Contributes to the achievement of business objectives through the accurate and timely identification and resolution of accounting issues/opportunities.
  
• Directs the monthly reporting process and delivers accurate/timely monthly reports through effective utilization of all management information tools to optimize revenue and minimize financial exposure.
• Manage and direct the expense and general ledger process.
• Monitors financial transactions to ensure that expenses are in line with company expenses and profit objectives and are consistent with company policies.
• Drives innovation, including taking advantage of automation opportunities and new ways to streamline and make processes more efficient.
• Development of direct and indirect reports in both behavioral and job skills is crucial and a key component of the position. This includes regular career aspiration discussions.
• Responds to all activities related to corporate accounting/reporting requirements.
• Ensures that effective internal controls are in place and ensures compliance with GAAP and applicable federal, state, and local regulatory laws and rules for financial and tax reporting. Provides high-level analysis and recommendations for corrective action as necessary.

Qualifications

• 10+ years in progressively responsible financial leadership roles
• Property & Casualty Insurance experience required, including experience in Statutory and GAAP insurance reporting.
• PC proficiency is essential (Windows environment) and a strong working knowledge of all financial systems, preferably Oracle and Peoplesoft, and Excel is preferred.
• Financial reporting and planning experience; expense management skills; expert financial analysis, reporting and accounting skills necessary to meet established and stretch business goals.
• Familiarity with direct and agency billing
• Able to recognize and act on reporting/accounting issues and problems.
• Takes intelligent risks and exercises solid business judgment.
• A proven leader who drives engagement and enables their employees. Will manage 3 direct reports.
• Solid understanding of business objectives to drive bottom-line results; acts in a decisive manner to achieve appropriate results.
• Strong strategic thinker and decision-maker; and consistently sets clear direction by defining goals and priorities; develops trust through demonstrated personal integrity.
• Establishes and maintains an environment that encourages everyone to act in the best interest of the company.
• Demonstrates strong written and oral communications skills.
• Ability to draft communications that are clear, concise, complete, and professional.
• Ability to interact with all levels of the organization and demonstrate organizational skills while working on multiple projects.
• Ability to travel as needed in the performance of duties.

Additional Company Details

We do not accept any unsolicited resumes from external recruiting agencies or firms. The company offers a competitive compensation plan and robust benefits package for full-time regular employees which for this role include:

• Base Salary Range: $210,000 – $275,000
• Eligible to participate in annual discretionary bonus.
• Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans.

Sponsorship Details

Sponsorship not Offered for this Role