Controller

Posted 18 Hours Ago
Be an Early Applicant
Lake Mary, FL, USA
In-Office
Senior level
Insurance
The Role
The Controller will manage financial accounting, oversee accounting staff, prepare financial statements, develop budgets, manage cash flows, coordinate audits, and facilitate communication with governance boards, requiring significant experience in finance and public administration.
Summary Generated by Built In

Built on meritocracy, our unique company culture rewards self-starters and those who are committed to doing what is best for our customers.

Brown & Brown is seeking a Controller to join our growing team in Lake Mary, FL!

This is a responsible financial management position with duties that include supervision of accounting staff, financial accounting and reporting, and support services for multiple pool programs.

How You Will Contribute: 

Financial accounting and reporting

  • Prepare or review monthly internal financial statements;

  • Prepare or review quarterly financial statements for pool governance boards and management;

  • Prepare or review annual financial statements for pool governance boards and management;

  • Oversee general ledger account maintenance and supporting work papers for pool programs;

  • Post or approve excess insurance expense recognition journal entries and supporting documents;

  • Post or approve claims related journal entries and supporting documents;

  • Post or approve accruals for premiums and fees;

  • Review bank statements, investments statements and related reconciliations associated with insurance pool financial assets;

  • Prepares annual reporting requirements for applicable state regulatory bodies, National Council on Compensation Insurance (NCCI), and Insurance Services Office (ISO);

  • Prepare or coordinate preparation of premium, state income or federal income tax filings.

  • Prepare various bank reconciliations for Trust Administrator to assist with segregation of duties.

Budgeting

  • Develop draft of annual budget for pool programs for review by PRU management prior to submission to pool governance boards

Treasury Management

  • Monitor cash flows to ensure availability of adequate balances to meet pool program obligations as they come due.

  • Monitor cash balances to ensure that idle cash is invested in a manner that maximizes returns consistent with the investment policies of individual pools.

  • Design and monitor cash receipting processes consistent with effective internal controls

  • Design and monitor cash disbursements processes consistent with effective internal controls

Audit

  • Propose contract terms for auditors

  • Coordinate audit field work and report presentation with pool external auditors

  • Prepare annual comprehensive financial report for submission to the Government Finance Officer’s Association’s Excellence Financial Reporting program as requested by pool governance boards.

Actuarial Valuations

  • Propose contract terms for actuary

  • Coordinate compilation of actuarial data and year end unpaid claims liability and claims expense valuation with pool actuaries

  • Reconcile the change in unpaid claims liability from expense and cash disbursement activity in concert with development of audited financial statements.

Trustee relations and communications

  • Serve as member or advisor on pool governance board investment and finance subcommittee

  • Report to pool governance boards on financial administration and reporting matters including presentation of unaudited financial results (period over period fluctuations and budget variances) and proposed budgets.

  • Accumulate and report data to pool governance boards as required by administrative agreements.

Staff supervision and operations

  • Direct and supervise pool accounting staff in multiple locations for multiple pool programs

  • Oversee staff internal and external interaction

  • Manage relationships between the accounting department and other departments or outside entities

Skills & Experience to be Successful:

  • Certified Public Accountant (preferred)

  • Experience/ credentials (e.g. CPCU, ARM) in the insurance industry (preferred)

  • Experience/ credentials (e.g. CGFOA) in public entity financial administration or auditing (preferred)

  • Experience/ credentials (e.g. CMA) in financial administration and management (preferred)

  • Bachelor of Business Administration

  • Ability to effectively communicate with pool governance boards, all levels of Brown & Brown management and line staff.

  • Computer literate with ability to import and export data between computer programs, strong Microsoft Excel and Word skills.   Working knowledge of Microsoft Access or other comparable database program.

  • Exceptional telephone and video conferencing demeanor

  • Ability to maintain a high level of confidentiality

  • 5 – 8 years’ experience in a similar position managing multiple entities or audit engagements.

Teammate Benefits & Total Well-Being

We go beyond standard benefits, focusing on the total well-being of our teammates, including:

  • Health Benefits: Medical/Rx, Dental, Vision, Life Insurance, Disability Insurance  
  • Financial Benefits: ESPP; 401k; Student Loan Assistance; Tuition Reimbursement 
  • Mental Health & Wellness: Free Mental Health & Enhanced Advocacy Services
  • Beyond Benefits: Paid Time Off, Holidays, Preferred Partner Discounts and more. 

Not reflective of all benefits. Enrollment waiting periods or eligibility criteria may apply to certain benefits. Benefit details and offerings may vary for subsidiary entities or in specific geographic locations.

The Power To Be Yourself  

As an Equal Opportunity Employer, we are committed to fostering an inclusive environment comprised of people from all backgrounds, with a variety of experiences and perspectives, guided by our Diversity, Inclusion & Belonging (DIB) motto, “The Power to Be Yourself”. 

Top Skills

Microsoft Access
Excel
Microsoft Word
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The Company
HQ: Daytona Beach, FL
2,391 Employees
Year Founded: 1939

What We Do

Brown & Brown Insurance provides risk management solutions to help protect what our customers value most. Our four business segments offer insurance products and services to businesses and individuals. Our culture is built on integrity, innovation, superior capabilities, and discipline. We view insurance differently and use our experience, carrier relationships, and principled customer focus to deliver first-class service and solutions. Becoming a Brown & Brown teammate introduces you to a career with virtually unlimited possibilities. We think of ourselves as a team, so we have teammates—not employees. We strive to attract people who are competitive, driven, and disciplined. Our unique company culture of meritocracy rewards self-starters and those committed to doing what is best for our customers. We are proud to be certified as a Great Place to Work ®. Brown & Brown has demonstrated a Culture of Caring through dedication to the people and communities we serve. With more than 11,000 teammates in over 300 locations across the US, Canada, Ireland, the UK, Bermuda, and the Cayman Islands, we actively support numerous organizations in the local communities in which we live, work, and play. With a long-standing history of proven success, Brown & Brown is one of the insurance industry’s most powerful and influential leaders, ranked as the fifth-largest brokerage in the US and sixth in the world. You can find us on the NYSE as BRO.

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