Chief Financial Officer - Standard Lines

The Chief Financial Officer - Standard Lines will oversee the financial operations of the portfolio of property & casualty businesses that includes both personal and commercial lines (Standard Lines), ensuring the financial health and stability of the businesses. This role involves all aspects of Standard Lines financial planning and analysis and financial operational management, including budgeting, forecasting, financial modeling, and strategic financial planning. The Chief Financial Officer - Standard Lines will work closely with Standard Lines' senior management to drive financial performance and support growth and profitability objectives. This role monitors the financial performance drivers of the business with the objectives of delivering a value-added level of service to business leadership, supporting the execution of a multi-year strategic plan, driving continuous process and operating improvement, and enhancing the financial reporting and analysis process. This role will serve as a key strategic business partner to the President of Standard Lines and work closely with Enterprise Finance personnel, including the Chief Financial Officer and Controller, as well as independent auditors, regulatory bodies, and rating agencies, as warranted.

#LI-DNI

• Act as a key strategic leader and member of senior management with a dual reporting line to the Standard Lines President and Enterprise CFO.
• Direct and indirect management of professionals in order to deliver all financial and related activities.
• Lead the annual budgeting process and periodic forecasting. Monitor financial performance against budgets and forecasts, identifying variances and recommending corrective actions.
• Monitor and control costs to ensure efficient use of resources. Identify opportunities for cost / expense savings and operational efficiencies.
• Design and coordinate monthly and quarterly reporting materials that inform senior management of the performance of the businesses in quantitative and qualitative detail.
• Support business development opportunities alongside the Standard Lines President and other leaders.
• Identify and monitor key risks to the businesses.
• Partner alongside senior leadership, underwriting, Ceded Re, actuarial, and claims in providing strategic financial input on decision making issues affecting the business operations.
• Analysis of reinsurance programs and structures for participation in reinsurance planning and placement discussions.
• Provide technical accounting and financial advice and knowledge.
• Ensure compliance with regulatory requirements and internal policies.
• Oversee annual departmental budget and completion of monthly budget variance reporting and forecasts and is accountable for department expenditures.
• Own accountability for talent management and navigation of employee related issues that impact morale and work environment to ensure a high performing team including hiring and selection, succession planning, performance and compensation management, and employee development and career coaching as required. Manages priorities and workload distribution and removes barriers that impede progress.

• Master's degree in finance or business administration preferred and/or commensurate work experience.
• 12+ years of experience in the property & casualty business, including insurance accounting and / or finance.
• 5+ years of people leadership.
• Prior experience as a Finance leader in the property & casualty insurance industry is preferred.
• Experience in board governance, including attending and participating in board meetings, overseeing board material preparation, and communicating with board members, is preferred.
• Solid understanding of reinsurance structures, capital management structures, and a familiarity with different capital adequacy frameworks (RBC, Solvency II, BSCR) would be helpful.
• Certified Public Accountant (CPA) (preferred)
• Chartered Financial Analyst Charter Holder (CFA) (preferred)
• Certified Management Accountant (CMA) (Preferred)

Location

Hybrid defined as three or more days per week in the office.

Behavioral Competencies

• Builds Effective Teams
• Business Insight
• Collaborates
• Communicates Effectively
• Customer Focus
• Decision Quality
• Nimble Learning
• Strategic Mindset
• Directs Work
• Drives Vision and Purpose
• Ensures Accountability
• Manages Complexity