Assistant Controller

Assistant Controller

Location: Hanover, US

Job ID: ATR 18055

Job Description

Job Title: Assistant Controller

Job Location: Hanover, MD – Hybrid Remote

Compensation: $100,000 - $125,000

Eligibility/Clearance: Candidate must be eligible to be employed in the

United States

Job Description:

Our client is seeking an experienced and detail-oriented Assistant

Controller to support the Controller in managing the financial

operations of our Maryland-based automobile insurance company. This role

is central to ensuring the integrity of financial and statutory

reporting, maintaining compliance with GAAP and NAIC statutory

accounting principles, and driving continuous improvement across the

accounting function. The ideal candidate combines strong technical

accounting skills with hands-on insurance industry experience —

including Annual Statement preparation, investment accounting, and

reinsurance accounting — along with a collaborative leadership style and

a commitment to accuracy and timeliness.

Role Overview

Key Responsibilities

Financial Reporting & Close (GAAP and Statutory)

• Assist the Controller in overseeing the month-end, quarter-end, and

year-end close processes to ensure timely and accurate financial

reporting under both GAAP and Statutory Accounting Principles (SAP).

• Manage start-to-finish preparation of financial statements, account

reconciliations, and supporting schedules, ensuring consistency between

GAAP books and statutory filings.

• Lead or support preparation of the NAIC Annual Statement and related

Quarterly Statements, including all schedules, exhibits,

interrogatories, and supplemental filings.

• Prepare and/or review Risk-Based Capital (RBC) calculations and

related regulatory filings.

• Analyze financial results, identify variances between GAAP and

statutory results, and communicate findings to management with clarity

and insight.

• Coordinate preparation of internal and external financial reports,

including board presentations and management packages.

Investment Accounting

• Oversee accounting and reporting for the investment portfolio,

including bonds, equities, and other invested assets, under both GAAP

and SAP.

• Prepare and review investment schedules for the Annual Statement

(e.g., Schedule D and related exhibits), including purchases, sales,

maturities, and impairment analysis.

• Reconcile investment accounting records to custodian and investment

manager statements, and coordinate with external investment advisors as

needed.

• Monitor and account for realized/unrealized gains and losses,

amortization of premium/discount, and other-than-temporary impairment

(OTTI) considerations.

Reinsurance Contract Management

• Administer accounting for ceded and assumed reinsurance contracts,

including premium, loss, and commission accounting.

• Maintain reinsurance contract records, monitor treaty terms, and

ensure accurate reflection of reinsurance recoverables and payables on

both a GAAP and statutory basis.

• Prepare reinsurance-related schedules and disclosures for the Annual

Statement and support reinsurance audits and reviews.

• Partner with actuarial and underwriting teams to ensure proper

accounting treatment of new and renewing reinsurance agreements.

General Ledger & Accounting Operations

• Oversee general ledger maintenance, ensuring all journal entries are

accurate, properly documented, and appropriately approved.

• Review and approve account reconciliations across all balance sheet

accounts, including premium, loss reserve, and reinsurance-related

accounts, on a monthly basis.

• Manage and mentor accounting staff, providing guidance, training, and

performance feedback.

• Identify and implement process improvements to enhance efficiency,

accuracy, and scalability of accounting operations.

Compliance & Internal Controls

• Maintain and strengthen internal controls over financial reporting,

ensuring compliance with company policies and regulatory requirements.

• Support internal and external audit activities, including financial

statement audits and NAIC/state insurance department examinations.

• Ensure compliance with Maryland Insurance Administration requirements

and other applicable state, federal, and NAIC reporting standards.

Budgeting & Forecasting

• Assist in the development and management of the annual budget and

periodic forecasts.

• Partner with business unit leaders to analyze budget-to-actual

variances and support sound financial decision-making.

Systems & Special Projects

• Support accounting system enhancements, ERP and statutory reporting

software implementations or upgrades, and other technology initiatives.

• Lead or contribute to ad hoc financial analysis projects and strategic

initiatives as directed by the Controller or CFO.

Requirements:

Bachelor’s degree in accounting, finance, or a related field; CPA

preferred.

• 5+ years of progressive accounting experience, including 2 years in a

senior accounting role.

• Solid knowledge of U.S. GAAP, financial reporting, and internal

controls.

• Proven ability to manage and prioritize multiple deadlines in a

fast-paced environment.

• Strong analytical, problem-solving, and organizational skills with

exceptional attention to detail.

• Advanced Microsoft Excel skills.

• Excellent written and verbal communication skills, with the ability to

present financial information clearly to both financial and

non-financial audiences.

• High degree of integrity, professionalism, and discretion in handling

sensitive financial information.

Preferred:

• Direct experience in the property & casualty / auto insurance

industry, with hands-on knowledge of Statutory Accounting Principles

(SAP/STAT) and NAIC Annual Statement preparation.

• • Experience with investment accounting, including bond

amortization, impairment analysis, and Schedule D reporting.

• • Experience with reinsurance accounting, including ceded/assumed

premium and loss accounting and treaty administration.

• • Familiarity with loss and LAE reserving concepts and coordination

with actuarial functions.

• • Public accounting experience (Big 4 or regional firm),

particularly within an insurance practice, is advantageous.

Education:

• Bachelor’s degree in Finance, Accounting, or related field (or equivalent

experience).

ATR is an Equal Opportunity Employer (EOE) who will provide equal

employment opportunity to employees and applicants for employment

without regard to race, ethnicity, religion, color, sex, pregnancy,

national origin, age, veteran status, ancestry, sexual orientation,

gender identity or expression, marital status, family structure, genetic

information, or mental or physical disability

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