Finance Director

TheHiveCareers; Virginia (MN); On-site; USD 180,000 - 240,000; Full time

Job summary

TheHiveCareers seeks an experienced Finance Director to lead the financial management and performance of its insurance and investment businesses. You will partner with the CFO and senior leadership to translate strategy into robust financial plans and performance metrics.

This role requires 10–15+ years in finance leadership within regulated financial services, with strong reporting, treasury, capital/solvency, and team-building capabilities.

Qualifications

• 10–15+ years of progressive finance experience with significant management responsibility.
• Experience as Finance Director, Financial Controller, Head of Finance, Deputy CFO or equivalent.
• Strong experience in insurance, investment management, asset management, banking, pensions, or other regulated financial institution.
• Strong knowledge of financial reporting, FP&A, budgeting, forecasting, treasury, and financial controls.
• Experience working with senior executives, auditors, regulators, actuarial teams, investment professionals, and external advisers.
• Proven experience leading and developing finance teams.

Responsibilities

• Lead the day-to-day finance function and translate business objectives into financial plans and performance targets.
• Lead annual budgeting, forecasting, and long-term financial planning; monitor actuals vs plans.
• Oversee monthly, quarterly, and annual financial reporting and controls.
• Oversee insurance finance: premiums, reserves, underwriting performance and related reporting.
• Oversee investment finance and accounting for portfolios; coordinate with CIO and investment teams.
• Monitor cash flows, liquidity, banking relationships, and funding requirements; manage treasury.
• Support capital planning, solvency metrics, and stress testing with risk/actuarial teams.
• Maintain compliance with regulatory reporting, accounting standards, and internal controls.
• Lead and develop finance professionals; promote a durable finance function.

Skills

Financial Management

FP&A

Financial Reporting

Investment Accounting

Budgeting & Forecasting

Treasury & Liquidity

Capital & Solvency

Regulatory Reporting

Financial Controls

Risk Management

Performance Management

Team Leadership

Education

Bachelor's degree in Accounting, Finance, Economics, Business Administration, or related discipline

CA, ACCA, CPA, CMA, CFA or equivalent

MBA or Master’s degree (advantage)

Job description

About The Role

We are seeking an experienced and commercially focused Finance Director to lead the financial management and performance of the organization's insurance and investment businesses.

Position: Finance Director

We are seeking an experienced and commercially focused Finance Director to lead the financial management and performance of the organization's insurance and investment businesses.

Key Responsibilities

1. Financial Leadership

• Lead the day-to-day finance function and ensure effective financial management.
• Translate business objectives into financial plans and performance targets.
• Provide financial analysis and recommendations to the CFO and senior leadership.
• Establish strong financial discipline across business units.
• Support strategic planning and business decision-making.

2. Financial Planning & Analysis

• Lead annual budgeting, forecasting, and long-term financial planning.
• Monitor actual performance against budgets and forecasts.
• Develop financial models, scenario analysis, and management reports.
• Identify trends, variances, risks, and opportunities.
• Provide actionable insights to improve profitability and efficiency.

3. Financial Reporting

• Oversee monthly, quarterly, and annual financial reporting.
• Ensure accurate management accounts and consolidated financial statements.
• Coordinate statutory reporting and financial disclosures.
• Ensure reporting is delivered accurately and within required deadlines.
• Maintain appropriate accounting policies and procedures.

4. Insurance Finance

• Oversee financial reporting and analysis across insurance operations.
• Monitor premiums, claims, reserves, commissions, expenses, and underwriting performance.
• Analyze loss ratios, expense ratios, combined ratios, and underwriting margins.
• Work closely with Actuarial, Underwriting, Claims, and Risk teams.
• Support financial analysis of insurance products and portfolios.

5. Investment Finance & Accounting

• Oversee accounting and financial reporting for investment portfolios.
• Monitor investment income, realized/unrealized gains and losses, and portfolio performance.
• Work with the CIO and investment teams on financial analysis and reporting.
• Support investment valuation, performance measurement, and portfolio reporting.
• Ensure investment accounting and reporting comply with applicable standards and regulations.

6. Treasury & Cash Management

• Monitor cash flows, liquidity, banking relationships, and funding requirements.
• Maintain appropriate liquidity for operating and insurance obligations.
• Support treasury strategies and cash optimization.
• Monitor interest-rate, foreign-exchange, and liquidity exposures.
• Ensure appropriate treasury controls and reporting.

7. Capital & Solvency Support

• Support the CFO in capital planning and balance-sheet management.
• Monitor capital adequacy, solvency, liquidity, and leverage metrics.
• Provide financial analysis for capital-allocation decisions.
• Support stress testing and financial scenario analysis.
• Work with Risk and Actuarial teams on capital and solvency assessments.

8. Regulatory Compliance

• Ensure timely and accurate financial and regulatory submissions.
• Maintain compliance with applicable accounting, insurance, tax, and financial regulations.
• Coordinate with regulators, auditors, tax advisers, and external consultants.
• Maintain strong financial controls and documentation.

9. Internal Controls & Risk

• Maintain effective financial-control frameworks.
• Identify and mitigate financial reporting and operational finance risks.
• Strengthen accounting policies, procedures, and approval controls.
• Support internal and external audit processes.
• Ensure appropriate segregation of duties and financial governance.

10. Performance Management

• Develop financial KPIs and performance dashboards.
• Monitor business-unit profitability and cost efficiency.
• Analyze revenue, expenses, investment returns, and operating performance.
• Partner with business leaders to identify opportunities for improvement.
• Drive financial accountability across departments.

11. Finance Transformation

• Improve finance systems, processes, reporting, and data quality.
• Support ERP and financial-system enhancements.
• Drive automation of reporting and finance processes.
• Improve management information and real-time financial visibility.
• Promote data-driven financial decision-making.

12. Team Leadership

• Lead and develop finance, accounting, FP&A, reporting, and treasury professionals.
• Establish clear objectives and performance standards.
• Develop finance talent and succession plans.
• Promote a culture of accuracy, accountability, integrity, and commercial partnership.

Key Performance Indicators

• Budget and forecast accuracy
• Financial reporting accuracy and timeliness
• Profitability and expense performance
• Cash flow and liquidity
• Investment income and portfolio reporting
• Insurance underwriting performance
• Capital and solvency metrics
• Regulatory compliance
• Audit outcomes
• Financial-control effectiveness
• Finance-function efficiency
• Management reporting quality

Candidate Profile

Essential Experience

• 10–15+ years of progressive finance experience, including significant management responsibility.
• Previous experience as Finance Director, Financial Controller, Head of Finance, Deputy CFO, Senior Finance Manager, or equivalent.
• Strong experience in insurance, investment management, asset management, banking, pensions, financial services, or another regulated financial institution.
• Strong knowledge of financial reporting, FP&A, budgeting, forecasting, treasury, and financial controls.
• Experience working with senior executives, auditors, regulators, actuarial teams, investment professionals, and external advisers.
• Proven experience leading and developing finance teams.

Preferred Experience

• Experience covering both insurance and investment/asset-management operations.
• Exposure to life insurance, general insurance, reinsurance, pensions, or institutional investment.
• Experience with investment accounting and portfolio reporting.
• Knowledge of capital, solvency, ALM, and regulatory finance requirements.
• Experience managing finance across multiple subsidiaries or jurisdictions.
• Experience with finance transformation, ERP implementation, or reporting automation.

Education & Professional Qualifications

• Bachelor's degree in Accounting, Finance, Economics, Business Administration, or related discipline.
• CA, ACCA, CPA, CMA, CFA, or equivalent professional qualification strongly preferred.
• MBA or Master's degree is an advantage.

Core Competencies

• Financial Management
• FP&A
• Financial Reporting
• Management Accounting
• Insurance Finance
• Investment Accounting
• Budgeting & Forecasting
• Treasury & Liquidity
• Capital & Solvency
• Regulatory Reporting
• Financial Controls
• Risk Management
• Financial Analysis
• Performance Management
• Finance Transformation
• Team Leadership

Leadership Characteristics

The successful candidate will be:

• Commercially minded and financially rigorous
• Highly analytical and detail-oriented
• Strong in financial reporting and performance management
• Comfortable working in regulated environments
• Able to communicate complex financial information clearly
• Strong at partnering with senior business leaders
• Proactive in identifying financial risks and opportunities
• Capable of managing competing priorities and tight reporting deadlines
• A strong people leader and developer of finance talent

Compensation

A competitive executive compensation package comprising base salary, performance-based incentives, benefits, and other executive benefits commensurate with experience and market benchmarks.