Controller, Premier Insurance

 

Controller, Premier Insurance

 

What you will be doing:

Premier Insurance provides management services to American Excess Insurance Exchange, RRG (AEIX), an excess professional liability reciprocal risk retention group, and also operates an insurance brokerage providing insurance products and services to healthcare entities and providers nationwide. The Controller leads a team that offers a wide variety of financial reporting and operational accounting to support the strategic direction for the company.  This role has the opportunity to participate in the development of optimum solutions for business challenges in a collaborative environment.  This key position requires the ability to learn quickly, apply critical thinking and analytical skills, manage multiple priorities and projects, and work diplomatically, collaboratively, and lead and communicate effectively in a team environment.

This position will be responsible for the management of the Premier Insurance finance staff and the monthly financial reporting process for Premier Insurance and American Excess Insurance Exchange, RRG (AEIX).  This position will assist in ensuring the accurate and timely accounting treatment of Premier Insurance and AEIX’s financial statements in accordance with generally accepted accounting principles and insurance statutory accounting principles.  The position will manage the financial reporting process, financial operations (including A/P, A/R, and claims management reporting), forecasting, management reporting, financial analysis, member accounting, investment accounting, and cash management.  This position will have responsibility for the accuracy and overall data management of the claims system.

This position will work closely with senior leaders in the other functional areas within Premier Insurance and AEIX, as well as colleagues in corporate finance at Premier.  This position will maintain the internal control environment by ensuring compliance with key internal control procedures.

This position has primary responsibility for planning and managing the external audit process, including oversight of the fieldwork process and primary responsibility for the coordination with internal staff of all required audit material and support for the external auditors. This position is also responsible for coordinating with the accounting policy team on technical accounting matters of existing and upcoming US GAAP changes and their potential impact on Premier.

Key Responsibilities

Financial Reporting & Analysis Leadership – 30%

• Lead and develop the accounting and finance team that prepares and analyzes the financial statements, including income statements, balance sheets, and cash flow statements, ensuring accuracy and compliance with accounting standards and regulatory requirements.

• Establish and maintain effective internal controls to safeguard company assets and ensure compliance with policies, procedures, and regulations.

• Coordinate and manage financial statement audits with external auditors, and manage the preparation of AEIX’s annual financial statements and footnotes

• Manage the preparation of financial information required by Premier corporate for their financial reporting and SEC reporting needs

• Manage the preparation of AEIX’s quarterly and annual report to the NAIC

Management Reporting and Analysis – 30%

• Lead the accounting and finance team that develops the annual budgets and financial forecasts, monitoring performance against targets and providing insights to support strategic decision-making.

• Conduct thorough analysis of financial data and performance metrics, identifying trends, variances, and opportunities for improvement.

• Manage the claims management system by ensuring accurate and timely data, maintain internal control environment, and provide actionable reporting to all stakeholders

• Manage the AEIX member subaccount reporting process

• Work with consulting actuaries on reserving, and manage the analysis and reporting of the reserving process

• Manage the accounts receivable process, including invoicing and collections

• Manage the accounts payable and cash disbursement process

• Manage the daily cash management process, including forecasting cash, executing trades on AEIX investments, and providing cash and treasury reporting to the Premier Insurance CFO

Team Leadership and Development – 25%

• Develop high performing Finance and Accounting team

• Set clear expectations and accountabilities

• Delegate with confidence

• Actively engage in planned staff development

• Encourage new and creative ideas, support innovation

• Exhibit positive focus, energy and attitude; build trust

Other Duties – 15%

• Provide materials and assistance in the preparation of financial information for governance meetings

• Attend professional development education to stay abreast of current and changing insurance trends, accounting standards, and regulatory requirements

• Manage projects for process improvement initiatives

• Perform other related duties as required or assigned

​Required Qualifications

Work Experience:

Years of Applicable Experience - 7 or more years

Education:

Bachelors (Required)

 

Preferred Qualifications

Skills:

• Leadership experience in the property and casualty insurance industry

• Working knowledge of reinsurance contracts and the accounting implications

• Working knowledge of claim data and actuarial analyses

• Experience in public accounting

• Proven people leadership skills, specifically managing and developing a team

Experience:

• Prior controllership experience

• Certified Public Accountant

• 10 or more years of applicable experience in insurance finance and accounting

Education:

• Masters

#LI-DNI

 

Additional Job Requirements:

• Remain in a stationary position for prolonged periods of time 

• Be adaptive and change priorities quickly; meet deadlines 

• Attention to detail 

• Operate computer programs and software 

• Ability to communicate effectively with audiences in person and in electronic formats.   

• Day-to-day contact with others (co-workers and/or the public) 

• Making independent decisions 

• Ability to work in a collaborative business environment in close quarters with peers and varying interruptions 

 

Working Conditions: Remote

 

Travel Requirements: Travel 1-20% within the US

 

Physical Demands: Sedentary: Exerting up to 10 pounds of force occasionally, and/or a negligible amount of force frequently or constantly to lift, carry, push, pull or otherwise move objects, including the human body. Sedentary work involves remaining stationary most of the time. Jobs are sedentary if movement is required only occasionally, and all other sedentary criteria are met.

 

Premier’s compensation philosophy is to ensure that compensation is reasonable, equitable, and competitive in order to attract and retain talented and highly skilled employees. Premier’s internal salary range for this role is $125,000 - $231,000. Final salary is dependent upon several market factors including, but not limited to, departmental budgets, internal equity, education, unique skills/experience, and geographic location. Premier utilizes a wide-range salary structure to allow base salary flexibility within our ranges.

Employees also receive access to the following benefits:

·       Health, dental, vision, life and disability insurance

·       401k retirement program

·       Paid time off

·       Participation in Premier’s employee incentive plans

·       Tuition reimbursement and professional development opportunities

Premier at a glance:

• Ranked #1 on Charlotte’s Healthiest Employers list for 2019, 2020 and 2022, and 49th Healthiest Employer in America (2022)
• ​Named one of the World’s Most Ethical Companies® by Ethisphere® Institute for the 13th year in a row
• The only company to be recognized by KLAS twice for Overall Healthcare Management Consulting
   

Employees receive:

• Perks and discounts
• Access to on-site and online exercise classes
• Paid time off to volunteer in their communities

Premier is looking for smart, agile individuals like you to help us transform the healthcare industry. Here you will find critical thinkers who have the freedom to make an impact. Colleagues who share your thirst to learn more and do things better. Teammates committed to improving the health of a nation. See why incredible challenges require incredible people.
 

Premier is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to unlawful discrimination because of their age, race, color, religion, national origin, ancestry, citizenship status, sex, sexual orientation, gender identity, gender expression, marital status, familial status, pregnancy status, genetic information, status as a victim of domestic violence, covered military or protected veteran status (e.g., status as a Vietnam Era veteran, disabled veteran, special disabled veteran, Armed Forces Serviced Medal veteran, recently separated veteran, or other protected veteran) disability, or any other applicable federal, state or local protected class, trait or status or that of persons with whom an applicant associates. We also consider qualified applicants with criminal histories, consistent with applicable federal, state and local law. In addition, as a federal contractor, Premier complies with government regulations, including affirmative action responsibilities, where they apply.  EEO / AA / Disabled / Protected Veteran Employer.

Premier also provides reasonable accommodations to qualified individuals with a disability or those who have a sincerely held religious belief. If you need assistance in the application process, please reply to diversity_and_accommodations@premierinc.com or contact Premier Recruiting at 704.816.5200.

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