The National Association of Mutual Insurance Companies (NAMIC) has an opening for Senior Vice President – Finance in our Indianapolis, IN office. This position leads, develops, and manages all finance and accounting related functions.
Essential Functions include but are not limited to:
Oversee and direct the financial activities of the corporation, the preparation of current financial reports and summaries, forecasts predicting future growth, and recommending improved financial management practices or objectives for the association.
Provide financial assessments/evaluations of association programs, operations, or opportunities for the purpose of development and growth.
Oversee management of investment of funds.
Presents financial statements and perspectives to the NAMIC Board and relevant committees.
Accounting: Oversee all regular accounting activities of NAMIC and affiliated entities.
Treasury: Oversee treasury functions, including cash management, investment policy implementation, and bank relationships for NAMIC and affiliated entities.
Internal Control/Compliance: Oversee internal control system and compliance with applicable finance or accounting or tax laws, regulations, or good business practice as well as oversight of internal financial compliance systems for NAMIC, NAMIC PAC, payroll, and benefit trust programs as well as federal and state lobbying.
Budget: Oversee annual budget compilation and reporting for NAMIC/affiliates, including review/reports of budgets with managers for completeness, justification, and accuracy.
Reporting/Disclosure: Oversee or direct all financial reporting/disclosure (external, management, Audit/Finance Committee and Board) to include scheduling, presentation of information, and obtaining appropriate approvals/decisions.
Tax: Oversee and help manage tax planning, compliance, reporting, and investigation for NAMIC and affiliated entities.
Audit: Oversee or direct independent audit process for NAMIC and affiliated entities as required.
Billing: Oversee billing for NAMIC dues, Trusts and all other external for programs and related affiliates invoicing. Also, handle all collection responsibilities.
Related Duties: Continually educates self on accounting and administration practices and issues; provides recommendations for improvements in efficiency and effectiveness; performs other duties as assigned by supervisor, the Chief Strategy Officer.
Proficient use of, word processing/spreadsheets, and PC-based accounting software.
Accounting degree or equivalent work experience demonstrating a strong understanding of statement analysis, account budgeting, and forecasting (minimum 5 years of experience at a VP or similar level).
Finance and Treasury function management experience or knowledge.
Previous supervisory experience.
Familiarity with association and/or not-for-profit accounting, tax and finance preferred
Membership in CPA Society, Indiana CPA Society, and/or ISAE preferred.
CPA certification required.
CMA or CAE certifications are highly desirable.
Ability to successfully pass a criminal background and MVR check.
NAMIC is proud to have been selected as one of the Best Places to Work! We offer an excellent compensation and benefits package with this full-time position. Benefits include access to group medical, dental and vision; a matched 401(k) plan; one paid day each year to volunteer with the charity of your choice; generous paid vacation; free breakroom snacks; a walking group; and more! We have a friendly yet professional work atmosphere where everyone enjoys working hard for the good of our members. Qualified candidates should send a cover letter and resume to Kayla Cox, Sr. HR Coordinator.
NAMIC is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, gender identity, sexual orientation, age, marital status, veteran status, disability status, or any other legally protected status.
In 1752, a generation before he would become a Founding Father of the United States, Benjamin Franklin helped establish the first successful mutual insurance company in America. For more than 250 years, mutual insurance companies have been – and still are – about people coming together to protect themselves in a common need. Because there are no stockholders in a mutual insurance company, the interests of the policyholders are served first.
The median age of a mutual insurance company in the United States is 120 years. Following the Civil War, there was a boom of farm mutual companies, and many states began forming associations to bring together their respective states’ companies on common ground.
The idea for a national organization came in 1895 as members of the Farmers Mutual Hail Insurance Company of Iowa’s board of directors sat around a table after a meeting of their state association. It was suggested that Walter A. Rutledge, who had started Farmers Mutual Hail several years earlier, should invite mutual insurance executives from other states to consider forming a national association. That meeting, held the following year in Chicago, is considered the first organizati...onal meeting of what was initially called the National Association of Co-Operative Mutual Insurance Companies.
For more than 120 years NAMIC has been serving in the best interests of mutual insurance companies – large and small – across the United States as well as in Canada. NAMIC membership includes more than 1,400 member companies. The association supports regional and local mutual insurance companies on main streets across America along with many of the country’s largest national insurers. NAMIC member companies write $268 billion in annual premiums and together account for 59 percent of homeowners, 46 percent of automobile, and 29 percent of the business insurance markets.
Membership in NAMIC is not restricted to mutual insurance companies alone. Stock insurance companies, reinsurance companies and industry vendor companies may also apply to become associate members. More than 450,000 people are employed by NAMIC member companies.
By providing positive contributions to our society through a financially sound, competitive, and ethical insurance industry, NAMIC member companies better serve their policyholders and the communities where they do business. We strengthen and support our members and the mutual property/casualty insurance industry by leadership in advocacy, public policy, public affairs, and member services.
Through our advocacy programs we promote public policy solutions that benefit policyholders and the NAMIC member companies that exist to serve them. Our educational programs enable members to become better leaders in their companies and the industry.
NAMIC was incorporated in Indiana in 1920. It is headquartered in Indianapolis, and has an office in Washington, D.C. We are equally proud of our long and storied history (Benjamin Franklin’s company is still in business, and it continues to be a NAMIC member).