Senior Vice President, Chief Financial Officer

Westfield Specialty, Inc. - Berkeley Heights, NJ

Full-time - Senior

Remote - Berkeley Heights, NJ

1,001-5,000 employees

About the position

The Chief Financial Officer Specialty US will oversee the financial operations of the Specialty US division, ensuring the financial health and stability of the business. This role involves all aspects of business unit financial planning and analysis and financial operational management, including budgeting, forecasting, financial modeling, and strategic financial planning. The CFO will work closely with senior management to drive financial performance and support the division's growth objectives, serving as a key strategic business partner to the President of Westfield Specialty.

Responsibilities

• Oversee financial operations of the Specialty US division.
• Drive financial performance and support growth objectives.
• Monitor financial performance drivers and deliver value-added service to business leadership.
• Support execution of a multi-year strategic plan and drive continuous process improvement.
• Enhance financial reporting and analysis processes.
• Serve as a key strategic leader and member of senior management with dual reporting to the Specialty President and Enterprise CFO.
• Direct, develop, organize, and lead the finance function of the US Specialty operations.
• Support business development opportunities alongside the Business Development Lead and Specialty President.
• Partner with senior leadership, underwriting, Ceded Re, actuarial, and claims for strategic financial input.
• Lead the annual budgeting process and periodic forecasting.
• Monitor financial performance against budgets and forecasts, identifying variances and recommending corrective actions.
• Design and coordinate monthly and quarterly reporting materials for senior management.
• Monitor and control costs to ensure efficient use of resources.
• Identify opportunities for cost/expense savings and operational efficiencies.
• Evaluate operating efficiency and effectiveness to promote continuous improvement.
• Provide technical accounting and financial advice and knowledge.
• Identify and monitor key risks to the business and performance.
• Ensure compliance with regulatory requirements and internal policies.
• Oversee annual departmental budget and completion of monthly budget variance reporting and forecasts.
• Manage talent and employee-related issues to ensure a high-performing team.

Requirements

• Master's degree in finance or business administration preferred or commensurate work experience.
• 12+ years of experience in the property & casualty business, including insurance accounting and/or finance.
• 5+ years of people leadership experience.
• Prior experience as a Finance leader in the specialty insurance or property & casualty insurance industry preferred.
• Solid understanding of reinsurance structures and capital management structures.
• Familiarity with different capital adequacy frameworks (RBC, Solvency II, BSCR) is helpful.
• Experience in board governance, including attending and participating in board meetings.

Nice-to-haves

• Certified Public Accountant (CPA) preferred.
• Chartered Financial Analyst (CFA) preferred.
• Certified Management Accountant (CMA) preferred.

Benefits

• Diversity and inclusion commitment
• Equal opportunity employer