Controller, Accounting, Financial Reporting

Company Description Island Insurance has been protecting Hawaii’s families and businesses for over 85 years and is the state’s largest locally owned and managed property & casualty insurance company. The company is the first and only Hawaii-based insurer to be recognized as one of the Top 50 property & casualty insurance companies in the nation by the Ward Group for 18 consecutive years.

Island Insurance maintains a financial strength rating of “A” (Excellent) from A.M. Best Company, reflecting its stability and reliability. The organization offers a professional, community-focused work environment for individuals who want to contribute to the long-term protection and prosperity of customers across Hawaii.

Summary:

Leads the Company’s accounting and financial reporting functions with accountability for the integrity, accuracy, and timeliness of statutory and GAAP financial information. Oversees the accounting close, general ledger, regulatory financial reporting, accounting policy, planning and forecasting, financial analysis, accounts payable, reinsurance accounting, investment accounting and reporting, and related internal controls. Serves as the Company’s subject matter expert for accounting and financial reporting matters and partners with executive leadership to provide financial insight and support strategic decision-making.

Works closely with the AVP, Operations & Treasury to ensure appropriate alignment between accounting, receivables, treasury, cash management, and related financial systems.

Salary Range: $ To $ Annually

Duties:

• Leads the monthly, quarterly, and annual accounting close and ensures the integrity of the Company’s general ledger and financial records.
• Responsible for the timely and accurate preparation of statutory and GAAP financial statements and supporting schedules.
• Oversees preparation and filing of financial reports required by governmental and insurance regulatory authorities.
• Maintains the Company’s system of accounts and ensures transactions and assets are accurately recorded and appropriately supported.
• Interprets financial results and provides actionable insights to executive leadership regarding financial performance, trends, risks, and opportunities.
• Oversees financial analysis, management reporting, and actual-to-budget and prior-period variance analysis.
• Evaluates the financial impact of long-term planning alternatives and strategic business initiatives.
• Coordinates annual external audits, internal audits, and periodic regulatory examinations.
• Partners with the AVP, Operations & Treasury to ensure the integrity of accounting information related to billing, receivables, treasury, liquidity, and cash management.

• Serves as the Company’s subject matter expert on statutory and GAAP accounting, financial reporting, and accounting policy.
• Researches statutory and GAAP accounting guidance and determines appropriate accounting treatment for new, complex, or unusual transactions.
• Recommends and implements accounting and financial reporting policies and procedures.
• Provides strategic leadership and oversight of the enterprise budgeting and forecasting processes and establishes processes for monitoring performance against budget.
• Supports capital and liquidity planning through financial modeling and analysis in coordination with Operations & Treasury.
• Participates in development of investment policies and procedures and ensures appropriate accounting and financial reporting for investment activities.
• Monitors changes in statutory accounting, GAAP, regulatory reporting, and insurance accounting requirements.

• Provides leadership and…