Description:

Job Title: Vice President and Chief Financial Officer

Department: Accounting

Reports to: CEO and President

Position Summary:

New Mexico Mutual is the premier Workers’ Compensation insurance carrier dedicated to New Mexico employers and their workers. We are homegrown and insure roughly one-third of the state’s workers’ compensation market. The Vice President and Chief Financial Officer (VP/CFO) is responsible for directing and overseeing all financial activities of the company to ensure the continued long-term growth, stability, and financial strength of New Mexico Mutual. The VP/CFO reports to the Chief Executive Officer. The VP/CFO provides strategic leadership for the organization as an integral member of the Senior Leadership Team to establish and monitor goals and overall business strategies. The VP/CFO is responsible for building and managing a team of professionals responsible for all accounting and finance functions.

Essential Functions:

Oversee all financial activities of the company, including preparation of financial statements and reports, tax returns, a long-range financial plan, financial forecasts, and reporting for regulatory agencies.
Responsible for all finance and accounting activities for the company, including the development of effective internal controls and the assessment and monitoring of such controls.
Manage risk and develop strategies for risk mitigation to protect the Company’s assets.
Ensure that financial systems are in place to promote profitable growth, support the company's business strategy, and create strong financial stability.
Coordinate the preparation of all financial information, metrics and benchmarks required to be included in the A.M. Best report.
Responsible for overall reserve position of the company including developing quarterly IBNR estimates and coordinating semi-annual actuarial reviews.
Partner with and maintain strong working relationships with professionals critical to the company's success, such as examiners, regulators, auditors, and actuaries.
Provide strategic leadership as an integral member of the Senior Leadership Team, establishing and monitoring goals and overall business strategies.
Establish credibility throughout the organization and with stakeholders as an effective developer of solutions to business and financial challenges.
Spearhead the development, communication, and implementation of the budgeting process throughout the company.
Provide comprehensive financial analysis and support for strategic business decisions and communication with stakeholders (including the Board of Directors)
Report timely financial results and trends to the Senior Leadership Team.
Coordinate the development of key financial indicators, ratios, and benchmarks.
Optimize the handling of bank relationships and available cash, and execute appropriate strategies to create an optimal cash position.
Manage relationships and negotiate contracts with professional accounting and financial service providers.
Oversee investment strategies and manage the investment portfolio including engagement and evaluation of investment managers, development of an asset allocation model and Investment Policy Statement consistent with the company's mission and long-term strategy, and measurement of portfolio performance against appropriate benchmarks.
Provide strategic input and leadership on financial concerns.
Motivate and lead a high-performance management team, recruit additional members of the management team as needed, and mentor team members as appropriate in support of the management career development program.
Promote a success oriented, accountable environment within the company that creates a high level of employee morale and opportunity for advancement.

Requirements:

Job Qualifications:

Education:

Bachelor’s Degree from an accredited college or university, with a Master’s degree preferred in a related discipline; ten years of directly related experience, or the equivalent combination of education and experience. Professional designations preferred.

Experience:

At least fifteen years of Finance and Accounting experience, with at least eight years of management experience preferred. This position requires significant technical knowledge and development and implementation of high level business strategies.

Required Skills/Abilities:

An energetic, forward-thinking, and creative professional with excellent financial, analytical, and critical thinking skills.
An intelligent and articulate communicator who relates well to people, conducts productive meetings, and conveys complex financial information clearly and understandably.
A well organized and self-directed collaborator who demonstrates sound judgment, and makes timely and effective decisions.
An effective supervisor who delegates work appropriately, communicates expectations and empowers team members to successfully complete work projects.
An inspiring coach who includes team members in planning and decision making, provides regular feedback on their performance, and shares information as needed to facilitate employees’ growth and development.
A skilled negotiator, capable of evaluating and managing complex service contracts and relationships.

Values and Mission:

Adheres to values and mission by demonstrating Service Excellence, Trust, Ownership, One Team, and Boldness in thought and action.

Positive Attitude:

Develops and maintains positive working relationships with team members, customers, co-workers, and management by demonstrating effective communication and collaborative skills.

Working Conditions:

NEW MEXICO MUTUAL maintains general office conditions with light physical demands.
Employees of NEW MEXICO MUTUAL adhere to all safety rules and regulations including building security.
Employees participate in ensuring safe and efficient operating conditions that safeguard employees and facilities.
NEW MEXICO MUTUAL maintains a drug free environment; drug testing prior to employment as well as upon a work-related accident.
Exposure to VDT screens.

Benefits:

401(k) matching
Dental insurance
Employee assistance program
Flexible spending account
Health insurance
Health savings account
Life insurance
Paid time off
Vision insurance

New Mexico Mutual Casualty Company

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VP and Chief Financial Officer