Director of Finance (Remote)

California FAIR Plan Association; Los Angeles (CA); Remote; USD 120,000 - 180,000; Full time

Job summary

A leading company in the insurance sector is seeking a Director of Finance who will oversee general ledger postings, prepare financial statements, and manage compliance audits. This role requires strong organizational skills, extensive experience in finance, and a solid educational background in accounting to ensure the integrity of financial reporting.

Qualifications

• 7 to 10 years of experience in a senior finance or accounting position.
• Strong organizational skills with attention to detail and ability to meet deadlines.
• Excellent oral and written communication skills.

Responsibilities

• Research, maintain and implement financial accounting systems and software.
• Prepare accurate financial reports in accordance with statutory accounting practices.
• Manage financial audits and Department of Insurance examinations.

Skills

Organizational skills

Attention to detail

Time management

Communication skills

Education

Bachelor’s degree in Accounting

Job description

POSITION SUMMARY
The Director of Finance is responsible for posting, balancing, and reconciliation of the general ledger. They are responsible for preparation of financial statements and reconciliation of bank accounts.

PRINCIPAL DUTIES & RESPONSIBILITIES
• Research, maintain and implement financial accounting systems, software, and business processes.
• Manage financial reporting, state and regulatory compliance filings.
• Responsible for the preparation of accurate and timely financial reports in accordance with statutory accounting practices.
• In charge of audit requests from external auditors and DOI.
• Assists the Vice President – Finance in various matters concerning the Accounting department operations.
• Ensure accurate and timely preparation of monthly, quarterly, and annual financial statements.
• Research new accounting pronouncements and their impact.
• Manage financial audits and Department of Insurance examinations.
• Monitors and analyzes department work to develop more efficient procedures and use of resources while maintaining a high level of accuracy.
• Manage the development and implementation of new procedures and features to enhance the workflow of the department.
• Manages hiring, training, counseling, termination and performance appraisals of Accounting personnel.
• Advises Accounting department staff regarding the handling of non-routine reporting transactions.
• Assists in the annual budget preparation and analysis.
• Review, approve and sign general expenses, manual premium refunds, manual commission and claim checks.
• Support the Vice President - Finance with special projects and workflow process improvements.

EDUCATION & EXPERIENCE
• Bachelor’s degree or equivalent in Accounting.
• 7 to 10 years of experience in a senior level finance or accounting position.
• Strong organizational skills, attention to detail, ability to prioritize and meet deadlines.
• Excellent oral and written communication skills.