The Assistant Controller plays a critical role in the financial reporting and accounting operations of the P&C insurance organization. This position supports the department in managing statutory and GAAP reporting, ensuring compliance with regulatory requirements, overseeing close processes, and strengthening internal controls. The ideal candidate brings strong insurance accounting expertise, leadership capability, and hands‑on technical depth in P&C insurance operations.
Key Responsibilities
Financial Reporting & Close
- Assist in overseeing the monthly, quarterly, and annual close processes, ensuring accuracy, timeliness, and completeness
- Oversee preparation of and review GAAP and statutory financial statements, schedules, and supporting documentation
- Ensure proper accounting and reporting of P&C-specific items such as:
- Loss and LAE reserves (including coordination with actuarial)
- Unearned premium reserves
- Reinsurance (ceded and assumed)
- Deferred acquisition costs (DAC)
- Support preparation of management reporting, variance analyses, and financial insights for senior leadership
Regulatory & Statutory Compliance
- Support statutory reporting requirements in compliance with NAIC guidelines and state insurance departments
- Assist with preparation and filing of statutory annual and quarterly statements
- Coordinate with regulators, external auditors, and internal audit as needed
- Monitor changes in statutory accounting principles and regulatory requirements impacting P&C insurers
Internal Controls & Audit
- Help design, maintain, and enhance internal controls over financial reporting
- Support SOX (if applicable), internal audits, and external audits, including audit readiness and issue remediation
- Ensure accounting policies are documented, current, and consistently applied
Leadership & Process Improvement
- Manage, mentor, and develop accounting staff as assigned
- Review work performed by staff for quality and compliance
- Identify and implement process improvements, system enhancements, and efficiencies within accounting and reporting
- Partner cross-functionally with Actuarial, Underwriting, Claims, Reinsurance, and FP&A
Demonstrate commitment to Company’s Code of Business Conduct and Ethics, and apply knowledge of compliance policies and procedures, standards and laws applicable to job responsibilities in the performance of work.
Preferred QualificationsRequired
- Bachelor’s degree in Accounting
- CPA required (or in active pursuit with clear timeline)
- 6–10 years of progressive accounting experience, with at least 3 years in P&C insurance
- Strong knowledge of:
- Statutory accounting (SAP)
- GAAP financial reporting
- NAIC statutory statements
- Insurance reserves and reinsurance accounting
- Proven experience with month-end close and financial statement preparation
- Advanced proficiency in Excel
- Position is hybrid to the Blue Bell location
Preferred
- Public accounting experience with insurance clients
- Experience with insurance accounting systems (e.g., Guidewire)
- Prior people management or team leadership experience
- Familiarity with SOX and internal control frameworks
Skills Required
- Bachelor's degree in Accounting
- CPA required (or in active pursuit)
- 6-10 years of progressive accounting experience, with at least 3 years in P&C insurance
- Strong knowledge of Statutory accounting (SAP) and GAAP financial reporting
- Proven experience with month-end close and financial statement preparation
- Advanced proficiency in Excel
PMA Companies Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about PMA Companies and has not been reviewed or approved by PMA Companies.
-
Leave & Time Off Breadth — Time off is described as generous, with a sizable PTO bank and a broad paid-holiday schedule. Feedback suggests the ability to accrue and use substantial leave is a standout element of the package.
-
Retirement Support — Retirement support includes a 401(k) with company contributions and immediate vesting on certain employer dollars. Profit-sharing and automatic eligibility are positioned as meaningful additions to total rewards.
-
Flexible Benefits — Benefits are organized in a cafeteria-style format with multiple medical plan choices, HSA options, FSAs, and a broad set of voluntary coverages. Feedback suggests this flexibility enables tailoring coverage to individual needs.
PMA Companies Insights
What We Do
PMA Companies provides risk management solutions and services, specializing in workers’ compensation and offering property & casualty insurance, in the United States. Headquartered in Blue Bell, PA, PMA Companies is a member of Old Republic Companies. Old Republic International Corporation (NYSE: ORI) is one of the nation’s 50 largest publicly held insurance organizations. PMA Companies includes: PMA Insurance Group, specializing in workers’ compensation, and providing other commercial property & casualty insurance products; and PMA Management Corp. and PMA Management Corp. of New England, providing results-driven TPA and Risk Services specializing in workers’ compensation and liability. We maintain a large client retention rate of 90% or higher and a client satisfaction rate of 96% per an independent survey. At PMA, we still build relationships the "old-fashioned way." Our clients know we care. They know we say what we do and do what we say. And they know that they can count on us to deliver tangible value to their business and to work passionately on their behalf.
