A new mortgage insurance company in Madison, Wisconsin is recruiting for a Controller within the Finance department reporting to the Chief Financial Officer. If you are ambitious, thrive in a fast-paced environment and are entrepreneurial in nature, then Mortgage Assurance Corporation is for you.  In addition to the job purpose and duties listed below, candidates must have experience in:

-          Experience with Statutory and GAAP Insurance Accounting

-          Must be a Certified Public Accountant (CPA)

-          Familiar with Oracle Financials or PeopleSoft or SAP

Additionally, we prefer the following additional skills:

-          Experience with Reinsurance

-          Knowledge of foreign currency translation (SFAS #52)

-          SEC Accounting

Job Purpose:                                                                           
This position leads the Insurance Accounting team responsible for performing and monitoring accounting and financial controls for a domestic mortgage insurance company, a foreign captive reinsurer and offshore Holding Company. In addition, this position partners with the Operations, Risk Management, Sales and IT organizations to assess the impact of changes in business processes and products and related systems on accounting and financial controls and ensures changes are implemented as needed.

Duties:
Oversees preparation of financial statements and reports for external reporting and management information, including audited financials, statutory compliance, and interpretation of results. Oversees general accounting activities, including consolidation of financials, general ledger design & maintenance,  reconciliations, accounts receivable and collections, unclaimed property, accounts payable, inter-company accounting, investments accounting, and allocation of revenues and costs between various companies and business units. Manages insurance and reinsurance accounting, including reporting and settlement with reinsurers, and reconciliation of accounts between the parties. Ensures that the two insurance companies are in compliance with all regulatory requirements and accounting principles (GAAP and SAP) and contributes to a good working relationship with regulators. Works with the external auditors and staff in producing audited financials for three companies on time and within budget. Maintains documentation and assessment of key financial processes and internal controls, and conducts testing as may be required for SARBOX. Works with outside sources including actuaries, investment advisor, valuation consultants and tax accountants to support their requirements for information and to direct and manage their performance. Supports the CFO in business modeling, budgeting, forecasting, variance and ROI analysis, cash flow projections and treasury management. Responsible for establishment and achievement of Department and staff goals aligned with Company objectives.

Skills/Qualifications:

• Bachelor's Degree in Accounting
• CPA Certification
• Minimum 10 years of work experience in either public accounting or financial reporting with 5 years experience as a controller in the insurance industry
• Experience in preparing financial statements (i.e., 10Qs, 10Ks, statutory yellow books, etc.)
• Experience in interpreting accounting pronouncements and either advising or executing on implementation
• In depth knowledge of insurance accounting and controls