Director of Finance

Director of Finance 

Job description 

 The Director of Finance position at Complete Captive Management Services (“CCMS”) will be responsible for the entire cash flow process and reporting of all the client’s financial statements.       

CCMS is a captive manager.  Part of our obligation to our clients is the maintenance and presentation of unaudited financial statements.  Financial statements are the cornerstone of sound insurance company operations and reporting to various regulators.   The Finance Director shall have knowledge and awareness of the client’s cash lifecycle, starting with cash deposits, transfers & allocations, claims payment(s) and profit distribution(s) upon period closings.   

The cash flow process is much like intercompany transactions, in that cash deposits flow from one entity (the source) to another separate, related entity.  The receiving entity books both a cash asset and corresponding liability back to the source of the asset.   Then, upon closure of the period, the liability is eliminated for deposit back to the asset source.  This process is repeated on a monthly basis.    

Financial processes and procedures continually evolve based on the ongoing client and regulatory changes.  As a growing company, these procedures demand updating and creation when needed.   The Director of Finance is expected to maintain and author policies and procedures for continued, sound operations.   

The Director of Finance will work collaboratively with the Chief Operating Officer as well as the Staff Account(s) on daily matters.   The Director of Finance will also take lead, from time to time, when presenting financial matters to third parties, to include, third party actuaries, regulators, finance committees and the like.   

Lastly, we seek a team member who embraces technology which makes the workplace more efficient and easier for all within the circle of communications.   This includes usage of secure e-mail applications, MS office suite of applications, Salesforce CRM and other applications.    

Responsibilities 

• Collaborate with Staff Account(s) on a daily basis 
• Preparation and presentation of financial statements to internal & external users 
• Advise CCMS executives on financial findings and other matters deemed relevant for discussion 
• Review, maintain and generate policies and procedures specific to CCMS use and client use 
• Take lead on committee presentations, scheduling and setting an agenda    
• Collaborate directly with the engaged third party financial and regulatory auditor 

Required skills 

• Proven workplace accounting leadership experience
• Problem-solving, critical thinking and understanding different levels of necessary oversight to assist deadline completion 
• Work well within small team environment 
• Experience with technology and an ability willingness to test and adapt new products to continue to improve workplace efficiencies 

Preferred skills 

Insurance or financial industry experience 

Education Requirements 

• Educational requirements should include:
• Bachelor's degree in accounting or finance 
• Certified Public Accounting (CPA) in good standing 
• Master's in accountancy and/or Business valued 

This position offers 

• Full-time (40 hours) 
• On-site preferred 
• On-site training in the North part of Pittsburgh is a must 
• Office Hours:  8:30 am – 5:00 pm 
• Mon- Fri 

Benefits include: 

• Paid time off 
• Bonus opportunity 
• Cell phone stipend 
• Pay: Based on experience