Chief Financial Officer (CFO)

LD&B Insurance Services; Harrisonburg (VA); Hybrid; USD 195,000 - 225,000; Full time

Job summary

LD&B Insurance Services is seeking a dynamic Chief Financial Officer (CFO) to lead financial planning and initiatives. The CFO will be pivotal in ensuring financial health, overseeing compliance, and managing risks while fostering a high-performance finance team. This full-time position offers a competitive salary and a range of employee benefits.

Benefits

ESOP Ownership Participation

401(k) match up to 4%

Comprehensive health benefits

Flexible time off

Professional development opportunities

Qualifications

• Extensive experience in financial roles, preferably in the insurance industry.
• Proven financial leadership experience.
• Knowledge of ESOP accounting standards.

Responsibilities

• Develop financial strategies aligning with firm goals.
• Prepare and present financial reports to the executive team.
• Lead budgeting and cost control processes.
• Manage the firm’s investment portfolio.

Skills

Analytical skills

Strategic planning

Problem-solving

Communication

Interpersonal abilities

Education

Bachelor’s degree in Finance, Accounting, or related field

Master’s degree or CPA

Job description

Company: LD&B Insurance & Financial Services

Title: Chief Financial Officer

Location: Harrisonburg, VA

Website: https://www.ldbinsurance.com/

LD&B is offering a new and exciting opportunity for an experienced Chief Financial Officer (CFO) to join our team. In this role you will oversee and guide agency-wide financial planning as a member of LD&B’s executive team and use your in-depth knowledge and experience to direct the financial initiatives of the company. As the Chief Financial Officer, you will serve as a strategist, mentor, teacher, and leader of the accounting team. As a role model and representative of LD&B, you will align personally with our core values: integrity, teamwork, innovation, service, and generosity.

LD&B is a 100% employee-owned ESOP company with more than 75 employees across five offices in the beautiful Shenandoah Valley of Virginia, and we celebrated 50 years in business in 2024.

At LD&B we are all connected by one mission: to give back to the communities we serve. We provide financial wellbeing to our clients by covering all the things that matter in their lives. Utilizing comprehensive, personalized insurance, business and financial solutions, we make a positive difference for our customers and the communities we serve. This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued, and supported with networks, benefits, and development opportunities to help them thrive.

To help you stay energized, engaged, and inspired, we offer a wide range of employee benefits including: ownership through our ESOP, 401(k) employee and employer contribution, opportunities for professional development, comprehensive resources to support your physical health and emotional well-being, and flexible time off so you can relax, recharge, and be there for the people you care about.

LD&B’s current hybrid work model is designed to enable in-person connections and collaboration that is core to our culture, while supporting increased flexibility for all employees. Employees are required to work at least 3 days in the office each week, with the flexibility to work from home up to 2 days a week.

Giving back to our community is in our DNA. We are committed to the legacy of generosity we learned from our founders. We improve the lives of people in our community by supporting more than 200 charitable organizations each year, giving hundreds of hours of paid leave to our employees for volunteer work, and allocating $750 per year per employee to support nonprofits.

We are looking for a dynamic Chief Financial Officer who will play a pivotal role in managing the financial health and stability of the organization. You will be responsible for overseeing financial operations, strategic planning, risk management, and compliance while providing financial leadership to the executive team.

Candidates Enjoy:

• Base salary up to $195,000-$225,000 plus incentive – varied on candidate’s education/experience
• W2 Employment plus full benefits package (health, dental, vision, disability, PTO)
• ESOP Ownership Participation and 401k match up to 4%
• Potential for hybrid in-person / remote work schedule

Qualifications:

• Bachelor’s degree in Finance, Accounting, or a related field (Master’s degree or CPA is a plus).
• Extensive experience in the financial sector, preferably within the insurance or financial services industry.
• Proven experience in financial leadership roles, with a strong understanding of insurance and financial management.
• Knowledge of insurance and ESOP accounting standards and regulatory requirements.
• Excellent analytical, strategic planning, and problem-solving skills.
• Exceptional communication and interpersonal abilities.

Key Responsibilities:

• Financial Strategy and Planning: Develop and execute the financial strategy and long-term financial planning in alignment with the firm's overall goals. Provide guidance on capital allocation, investments, and financial forecasting.
• Financial Reporting: Prepare and present timely, accurate, and comprehensive financial reports to the executive team and board of directors. Ensure compliance with accounting standards and regulatory requirements.
• Risk Management: Identify and mitigate financial risks, including investment, liquidity, and operational risks. Develop risk management policies and procedures to safeguard the firm's financial interests.
• Budgeting and Cost Control: Lead the budgeting process, monitor financial performance against budgets, and implement cost control measures. Optimize the allocation of resources to maximize efficiency and profitability.
• Investment Management: Manage the firm's investment portfolio, optimizing returns while adhering to the firm's risk tolerance. Ensure compliance with investment guidelines and regulatory requirements.
• Compliance and Regulatory Oversight: Stay informed about industry regulations and ensure the firm's compliance with all relevant financial and insurance regulations. Establish and maintain relationships with regulators as needed.
• Tax Strategy: Develop and execute tax strategies to minimize tax liabilities while remaining compliant with tax laws. Oversee tax planning, reporting, and compliance.
• Financial Team Leadership: Lead, mentor, and develop a high-performing finance team. Foster a culture of accountability, transparency, and continuous improvement.

LD&B is an independent and employee-owned firm that provides a full range of insurance and financial services to individuals and businesses. They are proud to serve clients in the central Shenandoah Valley and throughout the United States. LD&B provides insurance and financial solutions with the goal of giving back to the communities they serve. Just like a building needs a strong frame, LD&B relies and thrives on the strong Framework of their five-core values: ‘Integrity’, ‘Service’, ‘Innovation’, ‘Teamwork’, and ‘Generosity’. These five values form an incredibly strong Framework to build off, knowing and believing it will support a strong organization for many years to come.