Controller

Midwest Family Mutual Insurance; Iowa (LA); On-site; USD 120,000 - 160,000; Full time

Job summary

Midwest Family Mutual Insurance is seeking a skilled Controller to lead the accounting function, ensure NAIC statutory compliance, and provide strategic financial leadership. You will oversee financial close, regulatory filings, and internal controls while guiding a developing accounting team.

The role partners with the CFO and cross-functional teams to drive accurate reporting, process improvements, and budgeting support in a multi-state P&C organization.

Qualifications

• Bachelor’s degree in accounting or finance required.
• CPA designation strongly preferred.
• 7+ years of general accounting experience.
• Proven leadership experience managing and developing accounting staff.
• Strong knowledge of NAIC statutory accounting principles and regulatory reporting.
• Experience overseeing financial close processes, general ledger, and internal controls.
• Experience in the Property and Casualty Insurance industry preferred.
• Strong analytical, organizational, and communication skills.

Responsibilities

• Oversee the preparation and review of monthly, quarterly, and annual financial statements in accordance with NAIC Statutory Accounting Principles.
• Lead the preparation and filing of statutory reports, including the Annual Statement, Risk-Based Capital report, and Management Discussion & Analysis.
• Manage the monthly and annual close process, ensuring accuracy, completeness, and timeliness.
• Oversee general ledger activity, including journal entries, reconciliations, and financial data integrity.
• Review and approve accounting for premiums, losses, reinsurance transactions, and investments.
• Ensure compliance with internal controls, accounting policies, and regulatory requirements.
• Coordinate with external auditors and regulatory examiners, including managing audit and examination processes.
• Monitor changes in accounting standards and insurance regulations and assess their impact on financial reporting.
• Lead, mentor, and develop accounting staff, including assigning work, reviewing performance, and supporting professional growth.
• Establish and maintain accounting policies, procedures, and best practices.
• Support budgeting, forecasting, and cash flow analysis in collaboration with finance leadership.
• Identify and implement process improvements to enhance efficiency, accuracy, and scalability of accounting operations.
• Collaborate with underwriting, claims, and other departments to ensure accuracy of financial data and reporting.

Skills

Leadership

Regulatory reporting

NAIC accounting knowledge

Analytical skills

Financial reporting

Communication

Education

Bachelor’s degree in accounting or finance

CPA designation

Job description

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Job Description

Midwest Family Mutual Insurance Company (MFM) is an ‘A-’ rated property & casualty insurer and has been recognized as one of the top 50 P&C companies in the nation. With a strong legacy of financial stability and innovation, we continue to grow and expand our capabilities across key business functions.

As part of our ongoing growth, we are seeking a skilled and motivated Controller to join our team. This position offers the opportunity to contribute to a high-performing accounting function and play a key role in supporting strategic financial initiatives.

At MFM, we pride ourselves on fostering a collaborative and values-driven workplace where talented professionals can thrive. If you're looking to make a meaningful impact in a dynamic and respected insurance organization, we encourage you to apply!

Position Summary

The Controller is responsible for the overall management of the accounting function, including financial reporting, regulatory filings, internal controls, and accounting operations. This position ensures the timely and accurate delivery of financial information to management, auditors, and regulatory bodies in compliance with NAIC statutory accounting principles.

The Controller will lead and develop the accounting team, oversee the financial close process, and maintain effective internal controls. This role works closely with the CFO and cross-functional departments to support financial planning, reporting accuracy, and ongoing process improvement.

Key Responsibilities

• Oversee the preparation and review of monthly, quarterly, and annual financial statements in accordance with NAIC Statutory Accounting Principles.


• Lead the preparation and filing of statutory reports, including the Annual Statement, Risk-Based Capital report, and Management Discussion & Analysis.


• Manage the monthly and annual close process, ensuring accuracy, completeness, and timeliness.


• Oversee general ledger activity, including journal entries, reconciliations, and financial data integrity.


• Review and approve accounting for premiums, losses, reinsurance transactions, and investments.


• Ensure compliance with internal controls, accounting policies, and regulatory requirements.


• Coordinate with external auditors and regulatory examiners, including managing audit and examination processes.


• Monitor changes in accounting standards and insurance regulations and assess their impact on financial reporting.


• Lead, mentor, and develop accounting staff, including assigning work, reviewing performance, and supporting professional growth.


• Establish and maintain accounting policies, procedures, and best practices.


• Support budgeting, forecasting, and cash flow analysis in collaboration with finance leadership.


• Identify and implement process improvements to enhance efficiency, accuracy, and scalability of accounting operations.


• Collaborate with underwriting, claims, and other departments to ensure accuracy of financial data and reporting.

Requirements:

Qualifications

• Bachelor’s degree in accounting or finance required.


• CPA designation strongly preferred.


• 7+ years of general accounting experience.


• Proven leadership experience managing and developing accounting staff.


• Strong knowledge of NAIC statutory accounting principles and regulatory reporting.


• Experience overseeing financial close processes, general ledger, and internal controls.


• Experience in the Property and Casualty Insurance industry preferred.


• Strong analytical, organizational, and communication skills.

Company Description

Midwest Family Mutual is a leading insurance provider dedicated to delivering comprehensive and innovative insurance solutions. We are committed to providing exceptional service and creating a supportive environment for our employees. As a regional carrier operating in 23 states, we offer a full array of Commercial & Personal Property and Casualty lines of business.

Midwest Family Mutual is a leading insurance provider dedicated to delivering comprehensive and innovative insurance solutions. We are committed to providing exceptional service and creating a supportive environment for our employees. As a regional carrier operating in 23 states, we offer a full array of Commercial & Personal Property and Casualty lines of business.

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