Job Description

Job Description

Aioi Nissay Dowa Insurance Services USA (Aioi USA) is part of the MS&AD Insurance Group which is one of the leading insurance companies and is a Toyota affiliated company providing Toyota Insurance worldwide in more than 37 countries. Aioi USA specializes in Research and Development of new technologies for both the automotive and insurance industries. One key focus of development is MOTER, Mobility on The Edge in Real-time, a next generation connected car data analytics platform, which bridges the gap between the automotive and insurance ecosystems.

MOTER Technologies, Inc. (“MOTER”) is working to unlock the world of connected vehicle data to power new products and services for the automotive, mobility and insurance industries. Our edge computing-based advanced data analytics and software platform creates new insights from vehicle data to power the next generation of driver scoring, risk analytics, and insurance solutions. MOTER also develops and operates as an insurance agency or MGA to better serve the clients.

Job Overview:

This role reports to the Sr. Director of Finance, oversees finance and accounting for our MGA business, and plays a vital role in improving and maintaining the financial health of the company as well as partner insurance carriers by providing them with proper reports, etc., and ensuring that we process all financial transactions accurately and timely. The Controller is responsible for maintaining a professional accounting team by supporting the implementation of the Guidewire system as well as leading implementation of a new accounting system sufficient to meet all accounting related needs of the company. The Controller participates in corporate and strategic projects and initiatives and monitors reinsurance reporting.

Key Responsibilities:

• Timely and accurately complete all external GAAP and SAP financial reports and schedules, including annual and quarterly statements, audited financial statements, Insurance Department exhibits, and all schedules required by regulatory bodies including meaningful review and analysis of results.
• Manage, develop, and maintain a highly trained, capable, and professional staff.
• Provide recording of all company transactions in an accurate, complete, and timely fashion.
• Reconcile and balance all company accounts consistently to avoid discrepancies.
• Provide timely and accurate information to vendors, producers, and reinsurers to ensure current settlement of payable and receivable balances.
• Monitor and analyze trends in premiums, claims, expenses, investments, cash flows, surplus, and other critical areas.
• Prepare month-end, quarter-end, and year-end financial reports for management, parent company and stakeholders.
• Prepare month-end, quarter-end and year-end closings and required filings with associated journal entries.
• Oversee and participate in payroll, accounts payable, accounts receivable and treasury functions. Ensure proper tax records are maintained including sales and use taxes, property taxes and income taxes where applicable.
• • Manage accruals, account, and bank reconciliations.
• Manage and review contracts with insurance carriers, customers, and vendors.
• Monitor and maintain company cash balances and bank accounts. Complete cash forecasts on a monthly basis to anticipate future funding needs.
• Direct treasury management functions, developing and maintaining all policies for cash and investment management, working with the parent company, banks, and investment manager.
• Act as accounting subject matter expert and business analyst for a Guidewire insurance system implementation, and an implementation of a new corporate finance/accounting system.
• Support the entire finance team to strengthen its planning and reporting functionalities by deeper level of communication with other team members.

Qualifications:

• Bachelor’s degree in accounting, public accounting experience preferred, MBA a plus.
• Certified Public accountant designation and experience in the P&C Insurance industry strongly preferred.
• 7+ years’ experience in the insurance industry.
• Demonstrated competency in accounting principles; Strong knowledge of GAAP is required; prior IRFS is a plus.
• Working knowledge and experience with Guidewire software platform is a plus.
• Advanced working knowledge of accounting systems and Microsoft Office Suite including Excel.
• Excellent quantitative and analytical skills with an aptitude for problem-solving.
• Strong financial analysis skills, excellent use of logic.
• Demonstrated success in developing and managing processes and people.
• Excellent interpersonal and communication skills.
• Ability to work independently, prioritize tasks, and meet deadlines in a fast-paced environment.
• Commitment to maintaining confidentiality and integrity in handling financial information.

Office Location:

• Los Angeles, CA
• Tuesdays and Thursdays in office

Compensation:

• For California based hires:
  Estimated annual salary range from $180,000 to $240,000

Benefits:

• We offer robust benefits, including health, dental, vision and generous paid time off and 401(k) with a company match
• On-demand mental health and medical support through Teladoc
• Health and wellness focused work environment with team socials
• Training and development to invest in you and take you from great to greater!

Job Dimensions:

• Applicants must be legally authorized to work permanently in the U.S. at the time of application.

Other Duties:

• The preceding job description is not intended to be all inclusive of the multitude of tasks that may be assigned, but rather to provide a general overview of the expectations and responsibilities of this position. As the nature of business demands change, so may the functions of this position. Additional duties and responsibilities may be assigned.

** EEO/AA/M/F/Vet/Disability Employer**

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability status.

** AIS is an Equal Opportunity Employer:**

For an accommodation or special assistance with applying for a posted position, please contact our Human Resources department at 424-322-9518.

FLSA Job Status: ☒ Exempt ☐ Non-Exempt