Position Overview
We are seeking an experienced SVP or CFO to provide financial and strategic leadership for a growing U.S. property & casualty insurance carrier.
The ideal candidate will have senior financial leadership experience with a regulated P&C carrier, preferably in commercial liability, product liability, specialty insurance, or a growth-stage carrier.
The position will serve as a strategic partner to the CEO, President, and Board of Directors, working closely with underwriting, actuarial, claims, compliance/legal, reinsurance, investment, audit, banking, and regulatory partners.
Key ResponsibilitiesFinancial Strategy & Leadership
- Lead financial strategy, capital planning, budgeting, forecasting, and long-term financial sustainability.
- Advise executive leadership and the Board on profitability, growth, capital requirements, and enterprise risk.
- Develop multi-year financial models supporting premium growth, new products, geographic expansion, and distribution strategies.
- Establish financial KPIs and executive/Board reporting.
Statutory Accounting & Regulatory Reporting
- Oversee statutory accounting in accordance with SAP, NAIC, and applicable state insurance requirements.
- Ensure accurate and timely quarterly and annual statutory filings.
- Monitor statutory capital, surplus, liquidity, and Risk-Based Capital (RBC).
- Coordinate financial examinations and maintain effective relationships with insurance regulators, including the Utah Insurance Department.
Capital, Planning & Profitability
- Forecast capital and surplus requirements based on premium growth, underwriting exposure, reserves, reinsurance, and investments.
- Lead annual budgeting, long-range planning, stress testing, and financial scenario analysis.
- Monitor gross/net written premium, earned premium, loss ratio, expense ratio, combined ratio, investment income, cash flow, and ROE.
- Partner with underwriting and actuarial leadership to evaluate product and portfolio profitability.
Actuarial, Reserves & Reinsurance
- Work with actuaries to evaluate loss reserves, reserve development, actuarial assumptions, and their impact on earnings and capital.
- Evaluate reinsurance structures including quota-share, excess-of-loss, facultative, and aggregate arrangements.
- Monitor reinsurance costs, recoverables, collateral, counterparty exposure, and capital efficiency.
Treasury & Investments
- Oversee liquidity, treasury operations, banking relationships, and cash-flow management.
- Work with investment managers and the Board to maintain an investment strategy appropriate for a regulated insurance carrier.
- Monitor investment performance, duration, credit quality, concentration, and asset-liability considerations.
Accounting, Controls & Audit
- Maintain a strong financial control environment and scalable accounting infrastructure.
- Oversee financial close, premium accounting, commissions, reinsurance accounting, investments, AP/AR, and general ledger activities.
- Manage external auditors and GAAP reporting where applicable.
- Ensure timely resolution of audit findings and control deficiencies.
Governance & Enterprise Risk
- Present financial performance, capital adequacy, reserves, reinsurance, investments, liquidity, and forecasts to executive leadership and the Board.
- Participate in regulatory examinations and enterprise risk management.
- Monitor underwriting, reserve, credit, liquidity, investment, concentration, operational, catastrophic, and strategic risks.
Technology, Data & AI
- Partner with technology and AI teams to modernize financial reporting, forecasting, analytics, reconciliation, and regulatory reporting.
- Support integration among policy administration, underwriting, billing, claims, reinsurance, and accounting platforms.
- Develop executive dashboards providing timely visibility into financial and underwriting performance.
Team Leadership
- Build and lead a high-performing finance organization across accounting, FP&A, treasury, statutory reporting, investments, and related functions.
- Establish a culture of accountability, accuracy, transparency, and regulatory discipline.
Required Qualifications
- Bachelor's degree in Accounting, Finance, Economics, Business Administration, or related field.
- Significant senior financial leadership experience in the insurance industry.
- Strong knowledge of U.S. P&C insurance carrier accounting, SAP, statutory reporting, capital and surplus, and RBC.
- Strong understanding of underwriting economics, loss reserves, reinsurance, investments, and insurance financial modeling.
- Experience working with auditors, actuaries, regulators, and Boards of Directors.
- Strong financial modeling, forecasting, internal controls, and enterprise risk management capabilities.
- Excellent executive leadership, analytical, communication, and presentation skills.
Preferred Qualifications
- CPA, CFA, MBA, or comparable professional qualification.
- Prior CFO, Deputy CFO, Chief Accounting Officer, Controller, Treasurer, or comparable senior role with a regulated insurance carrier.
- Experience with commercial liability, product liability, specialty P&C, or casualty insurance.
- Experience launching, capitalizing, scaling, or transforming an insurance carrier.
- Familiarity with the Utah Insurance Department, NAIC requirements, and U.S. state insurance regulation.
- Experience with reinsurance, institutional investors, rating agencies, or insurance capital providers.
- Experience implementing insurance financial, policy administration, analytics, or AI-enabled systems.
Key Performance Indicators
Success will be measured through:
- Capital, surplus, RBC, and solvency management
- Accuracy and timeliness of statutory and management reporting
- Budget and forecast accuracy
- Liquidity and cash management
- Underwriting and overall profitability
- Loss, expense, and combined ratios
- Reinsurance and capital efficiency
- Investment performance within approved risk parameters
- Financial controls, audit, and regulatory examination results
- Development of scalable financial infrastructure
- Quality of reporting to executive leadership and the Board
Leadership Profile
The successful SVP/CFO will be strategic, insurance-focused, analytical, regulator-ready, commercially minded, technology-oriented, and hands-on.
This position is intended to be significantly broader than a traditional chief accounting role, will serve as a strategic business partner to the CEO, President, and Board, with meaningful responsibility for capital allocation, insurance economics, reinsurance, investments, enterprise risk, corporate growth, and long-term enterprise value.
You will play a critical role in building the financial infrastructure and regulatory discipline required to support substantial growth while protecting the carrier's solvency, financial strength, and reputation.
