Chief Financial Officer

$250,000 - $350,000/Yr

Capstone Search Group - Helena, MT

Full-time - Executive

Helena, MT

Administrative and Support Services

About the position

Montana State Fund is the state's largest workers' compensation insurance company, protecting approximately 25,000 businesses and organizations and their workers. We are seeking a visionary and strategic thinker to join the executive leadership team as the Chief Financial Officer (CFO). The ideal candidate will bring proactive leadership and extensive financial expertise within the insurance industry, with a strong preference for experience in workers' compensation insurance. This role involves overseeing all financial operations, driving strategic financial planning, and modeling forecasting behavior. The CFO will play a critical role in shaping the financial future of the organization, ensuring that financial strategies align with the company's long-term vision and goals. In this position, the CFO will develop and implement financial strategies that not only support the organization's objectives but also enhance its operational efficiency. The role requires a keen eye for monitoring organizational revenue and expenses, providing strategic guidance to the executive team on financial matters, and ensuring compliance with financial regulations and standards. The CFO will also be responsible for leading the annual budgeting process, ensuring that it aligns with strategic objectives and operational needs, while also monitoring financial performance and adjusting forecasts and strategies as necessary. The successful candidate will be expected to oversee the development and implementation of robust financial forecasting models, providing projections and trend information for budget, capital management, and financial reporting. This position demands a leader who can maintain the highest level of integrity while navigating the complexities of financial management in the insurance sector.

Responsibilities

• Develop and implement financial strategies that align with the company's long-term vision and goals
• Monitor and make recommendations regarding organizational revenue and expenses
• Provide strategic guidance to the executive team on financial matters
• Provide projections and trend information for budget, capital management, and financial reporting
• Oversee the development and implementation of robust financial forecasting models
• Lead the annual budgeting process, ensuring alignment with strategic objectives and operational needs
• Monitor financial performance and adjust forecasts and strategies as needed
• Ensure compliance with financial regulations and standards, maintaining the highest level of integrity

Requirements

• Bachelor's degree in Finance, Accounting, or a related field; MBA or CPA preferred
• Minimum of 10 years of financial leadership experience, with at least 5 years within the insurance industry; experience in workers' compensation insurance is highly desirable
• Demonstrated strategic thinking and visionary leadership abilities
• Strong expertise in financial forecasting and modeling

Benefits

• Base Salary Target: $250,000 to $350,000
• Excellent health insurance including dental, vision, life, long-term disability, and more
• Flexible spending accounts for dependent care and medical expenses
• Public employees' retirement plan with an 8.97% employer contribution when you contribute 7.9% of pretax income; optional 457(b) deferred compensation to further increase retirement savings