Treasury Manager

Description:
Position Summary: The Treasury Manager is responsible for managing, monitoring, and reporting of the cash needs of the company along with the preparation, analysis, and initial review of various financial reporting obligations of MIEC. The Treasury Manager coordinates technical insurance accounting issues, financial reporting, and various statutory filings. The Treasury Manager also leads a team of designated employees within the Accounting Department related to cash, investments, accounts receivables and accounts payable.
Work Location: In-Office (Oakland, CA) or Hybrid
Essential Functions
Manages key accounting and treasury functions (i.e., cash management, payments processing of claims, refunds, and operating transactions; investments; and expense analytics) under the general direction of the Controller, including establishing and maintaining accounting principles, practices, and procedures.
Ability to manage projects to completion in an accurate and timely manner with proper coordination and communication to both internal and external partners.
Prepares, analyzes, and coordinates filings of the NAIC and statutory quarterly, annual and other required insurance industry reports, including the technical aspects of Schedule D (investments) and Schedule E (cash).
Provides oversight and coordination of operating reports and statutory filings; establishes and maintains financial controls while managing a team of accountants.
Manages system reports for financial reporting of claims and premiums, coordinating with IT in resolving issues to maintain integrity, accuracy, and completeness of financial data.
Assists in setting strategic direction for the Accounting Department, aligning department goals to help achieve its objectives.
Keeps current with changes to Statutory Accounting principles and filing requirements.
Prepares monthly internal financial statements, reports, and analyses, as assigned.
Maintains monthly general ledger account analyses and review.
Prepares information for and works with external auditors and actuaries, as assigned.
Assists in the preparation of quarterly report of financial results for Board Package.
Assists the Controller with income tax and other compliance related matters, as needed.
Assists in the development of department employees by recruiting, selecting, orienting, and training employees; also facilitates personal growth opportunities for employees.
Fosters an engaging work environment by communicating job expectations; planning, monitoring, and appraising performance results; coaching, counseling, and disciplining employees; developing, coordinating, and enforcing systems, policies, procedures, and productivity standards.
Strictly maintains confidentiality.
Requirements:
QUALIFICATIONS:
Education:
BA/BS degree in Accounting or Finance required.
Licenses/Certification:
Certified Public Accountant (CPA) license required.
Experience:
Minimum of five (5) years of accounting experience, with a minimum of three (3) years insurance accounting experience.
Minimum of three (3) years of supervisory experience required.
Knowledge/Skills/Abilities:
Knowledge and experience with Statutory Accounting Principles (SAP) and investment concepts. Working knowledge of insurance taxation and consolidation is a plus.
Computer proficiency using various software systems; expertise in Excel and Word and a working knowledge and experience with ERP systems and reporting and annual statement online software; experience with Clearwater investment accounting online system is a plus.
Understanding of the underwriting, claims, risk management and IT services provided to members/insureds sufficient to be able to speak credibly to policyholders in formal and informal settings, displaying good customer service skills.
Excellent analytical, reasoning, time management and problem-solving skills related to data analysis.
Significant experience working with external auditors, internal controls, and compliance- related issues.
Excellent management and supervisory skills.
Excellent written and oral communication and presentation skills.
Ability to work independently and exercise good judgment.
Ability to work under pressure and meet deadlines.
Ability to maintain a positive and upbeat approach in dealing with all professional obligations and challenges.
BENEFITS
401(K) + Pension Plan
Health Insurance
Vision and Dental Insurance
Generous Paid Time Off Plans
COMPENSATION
Salary based on experience.
Salary range for this position is: $122,179.20 - $183,268.80.
MIEC offers competitive compensation commensurate with experience and a comprehensive benefits package.
MIEC is an EEO employer, we enjoy diversity in our staff, insured and business partners.
About MIEC: MIEC was founded in 1975 in the depths of the malpractice crisis by physicians and their medical societies when insurance was largely unavailable to the healthcare community. As the West's first truly physician-owned medical professional liability insurer, MIEC has always been guided by the desire to protect physicians and other healthcare professionals from malpractice risks and committed to a long-term philosophy of business conduct that ensures such a crisis never happens again. We exist to foster enduring partnerships within the healthcare community by serving members through a philosophy of vigorous protection and high value, delivered by people who care.
As a member-owned exchange Headquartered in Oakland, CA, MIEC now insures more than 7,400 physicians and other healthcare professionals in 4 states, with regional claims offices in Idaho, Alaska, and Hawaii. MIEC has consistently adapted to meet the changing needs of healthcare delivery and continually seeks to reinvent medical professional liability through effective partnership, innovative insights, and dynamic risk solutions.