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Financial Manager (Michigan Professional Insurance Exchange) in Grand Rapids, MI at Rehmann, LLC

Date Posted: 3/22/2018

Job Snapshot

Job Description

This position is responsible for monthly and quarterly financial reporting to ensure that the statements and supporting documents are completed timely and efficiently. The role requires collecting and analyzing financial information from policy and claims departments to support the Finance Department, and supports requests from other departments or outside agencies.  Assists in the areas of capital and operating planning functions, financial analysis and planning, and implementation of new business functions.  Responsible for ensuring proper procedures and controls are maintained and enforced.  


  • Prepares monthly and quarterly financial reports and ensures that statements adhere to proper accounting methods, policies and procedures.
  • Performs statistical and financial analysis of data from various accounting and information systems to support the preparation of financial statements and reports, and financial statement analytics
  • Oversees the allocation of salary and overhead costs among various corporate entities, and documents the allocation methods used
  • Makes recommendations for changes in practice based on review, analysis and interpretation of financial and statistical data
  • Documents and supports the maintenance of standard work processes for existing and new functions, and ensures proper procedures and controls are in place.
  • Uses problem solving skills to find more accurate and efficient methods of processing or analyzing data
  • Oversees the production of premium invoices, and reviews past due balances on a monthly basis
  • Ensures agent commissions are routinely reviewed and promptly paid within contract terms
  • Prepares workpapers for external auditors as directed by the CFO
  • Supervises the production of Form 1099-MISC, 1099-DIV by due dates
  • Ensures profit sharing calculations are completed in accordance with company bylaws, and are reconciled with premium worksheets and financial statements. Documents methods used for the calculation of profit sharing allocations.

 Statutory Reporting

  • Prepares all quarterly and annual NAIC and Michigan DIFS statutory filings and ensures NAIC instructions are followed without exception.
  • Prepares corporate tax return support and documentation to assist independent tax preparer
  • Ensures that Unclaimed Property requirements are followed, and if required, are submitted to Michigan Department of Treasury

 Investments and Treasury

  • Evaluates investment allocation in accordance with investment policies and recommends rebalancing of assets to meet investment goals and cash management needs
  • Performs a quarterly evaluation of other than temporary impairments and documents recommendations in keeping with corporate OTTI policy
  • Ensures compliance with statutory investment reporting requirements
  • Responsible for Federal Home Loan Bank transactions including managing the line of credit borrowings and ensuring accurate disclosures in financial statement.
  • Strong accounting and analytical skills with attention to detail
  • Highly organized, detail oriented and hands on approach
  • Able to understand complex financial concepts and models
  • Collaboration/team oriented, with well-developed interpersonal skills
  • Willing to cross departmental lines to establish effective working relationships
  • Able to work successfully under tight deadlines, and remain flexible as priorities change
  • Able to leverage technology and work in multiple systems
  • Able to research, understand and apply technical accounting principles, specifically relating to statutory financial reporting requirements
  • Excellent written and oral communication skills and able to present complex information in an understandable manner
  • Able to work independently with minimal direction and supervision
  • Bachelor's Degree in Accounting or Finance required
  • Master’s degree or CPA credentials preferred
  • 5+ years’ experience in the insurance industry in accounting or related field
  • Proficient in advanced Excel functions and in the Microsoft Office Suite
  • Commitment to the highest ethical standards


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