Jobleads-US is hiring: Chief Accounting Officer in Washington
Jobleads-US, Washington, DC, United States
Job Description:
A private, diversified financial services company providing an array of employee benefits, annuities and life insurance products is seeking a Chief Accounting Officer (CAO). The CAO is a corporate enterprise leadership role responsible for the entire accounting function, including financial reporting, regulatory compliance, tax, internal controls and enterprise finance service operations. This senior leader will ensure the company adheres to all relevant accounting standards, including GAAP and life insurance statutory accounting, manage financial risks and support the company’s strategic goals by providing accurate financial data and analyses. In the first year, the CAO should have the flexibility to travel to the company's headquarters twice each quarter and present at every quarterly board meeting to build strong relationships with the finance division and executive leadership. This is a retained search.
Responsibilities:
- Interpret, analyze, recommend and lead accounting policy implementation efforts related to GAAP and statutory accounting.
- Assess accounting and reporting implications for material, complex business decisions and transactions.
- Be accountable for all tax reporting and compliance, including federal, state, premium, sales and use tax, information reporting and product tax.
- Lead finance services teams, including treasury (treasury operations, cash management and forecasting, and bank administration), accounts payable, payroll and travel and expense reporting.
- Lead and provide vision and strategy for finance systems’ road map, partnering with the company’s IT leadership.
- Lead the annual enterprise expense planning process.
- Monitor financial performance against the plan, identifying trends, variances and opportunities for cost optimization.
- Preserve a sense of teamwork through effective communication, develop a vision for the team and actionable goals and lead the organization to successful execution.
- Build strong partnerships with key business leaders, gain credibility with peers through technical expertise, exercise change management techniques, retain high-performing employees and attract talent.
Requirements:
- Minimum of 15 years of life insurance industry accounting and financial experience, adept at consolidating data in a complex enterprise.
- 5+ years in an executive leadership or senior management role.
- Expertise in U.S. insurance accounting, both GAAP and statutory, and LDTI.
- Knowledge of Bermuda Monetary Authority (preferred).
- Bachelor’s degree in accounting or a related field; certified public accountant license and public accounting experience (preferred).