Davies North America

Global insurance professional services and tech

Captive Accounting Manager

Financial AccountingUpdated on Nov 13

Full-timeVermont, USA$100k - $120k /yr

About the Job

Requirements

A bachelor's degree in Accounting or a related field is required.
Have 3–10 years of experience in a position with similar duties.
Have an Associate in Captive Insurance designation or a similar designation.
Maintain up-to-date knowledge of generally accepted accounting principles (GAAP) and insurance accounting principles.
Have accounting research capability.
Use initiative and sound judgment to accomplish tasks with minimal errors.
Have listening, interpersonal, and customer service skills.
Be proficient with personal computers, including data entry, word processing, spreadsheets, and Microsoft Office applications.

Responsibilities

Manage the day-to-day operations of a complex portfolio of captive insurance clients, including risk retention groups, insurance reciprocal exchanges, and other complex structures.
Act as the focal contact for senior management and clients.
Present financial statements at board meetings and mentor, train, and lead team members.
Advise clients on compliance requirements, investment regulations, and current accounting developments affecting them.
Present financial information at client, shareholder, and board meetings.
Prepare or review monthly financial statement packages and management reviews for captive clients in accordance with GAAP, International Financial Reporting Standards (IFRS), statutory accounting principles (SAP), and modified GAAP.
Perform accounting necessary to maintain captive clients, including preparing or reviewing general ledgers, reconciliations, and customized financial and managerial reports.
Follow established guidelines, checklists, and procedures to ensure managed companies remain compliant and internal controls are followed.
Work with service providers, including auditors, actuaries, tax authorities, regulators, investment professionals, lawyers, third-party administrators, and bankers; coordinate matters as the client point person.
Prepare or review regulatory filings, premium tax returns, and National Association of Insurance Commissioners (NAIC) filings.
Conduct substantive audit reviews and compliance testing, including drafting and reviewing audit reports.
Monitor cash flow, prepare budgets and ad hoc reports, and use accounting systems including QuickBooks and Gain to prepare financial statements under the appropriate accounting basis.
Maintain confidentiality of processed information.
Follow company policies and procedures.
Maintain current knowledge of accounting, insurance, and regulatory issues affecting captive clients.
Perform other duties as assigned.

Desired Qualifications

A Certified Public Accountant (CPA) designation is preferred.

As an Accounting Manager, you will manage the day-to-day management of an increasingly complex portfolio of captive insurance clients, including risk retention groups, insurance reciprocal exchanges and/or other complex structures, the number of which varies depending on complexity of the accounts. You will act as the focal contact person with senior management and our clients, with an opportunity to develop strategic and consulting skills.

The Accounting Manager will demonstrate ability to work independently, present financial statements at board meetings, serve as a mentor and resource to staff, as well as ability to train and lead other members of the team.

While this is a remote role, the candidate must be based in Vermont per State requirement.

Provide advice on compliance requirements, investment regulations and current accounting developments that affect clients
Give presentations at client, shareholder, and/or Board of Director meetings to review financial information. Prepare and/or review monthly financial statement package and management review for a group of captive clients, in accordance with GAAP, IFRS, SAP and modified GAAP
Perform all accounting necessary for maintaining captive clients, including preparing and/or reviewing all general ledgers, reconciliation and customized financial and managerial reports.
Responsible for following established guidelines, checklists and procedures, ensuring that managed companies remain compliant and internal controls are followed.
Training, oversight and development of teammates.
Work with all service providers including but not limited to auditors, actuaries, tax authorities, regulators, investment professionals, lawyers, TPAs and bankers; acting as client point person to organize and coordinate all matters to effectively manage the captive clients. Prepare and/or review regulatory filings, premium tax returns and NAIC filings.
Responsible or substantive audit review and compliance testing, involving drafting and reviewing of audit reports.
Monitor cash flow, prepare budgets and ad hoc reports. Work with multiple accounting systems, including QuickBooks and Gain to prepare financial statements in accordance appropriate accounting basis.
Maintain appropriate level of confidentiality of information processed.
Follow all company policies and procedures.
Maintain up to date knowledge of accounting, insurance and regulatory issues affecting captives.
Other duties as assigned.

Bachelor’s degree in Accounting or related field
3-10 years experience in position with similar duties
Achievement of Associate in Captive Insurance or similar designation
Up to date knowledge of GAAP and insurance accounting principles
Accounting research capability
CPA designation preferred
Ability to use initiative and good judgment in accomplishing tasks with minimal errors.
Excellent listening, interpersonal and customer service skills.
Proficiency in use of personal computers, including data entry, word processing and spread sheet applications (Microsoft Office applications).

About the Company

Davies North America

Global insurance professional services and tech

Davies North America is a global professional services and technology company that began in the UK as an insurance claims manager. It now provides technology, consulting, and legal solutions to clients in regulated industries, including insurance, through managed services, outsourcing, and advisory offerings. The company grows by acquiring other businesses to expand its geographic reach and service capabilities. Its goal is to become a global leader in professional services and technology for regulated industries, particularly in markets like the US, Canada, and Bermuda.

Company size: 5,001-10,000
Company stage: Debt Financing
Total funding: $363M
Headquarters: London, United Kingdom
Founded: 1968

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