The Director, Financial Controls is responsible for developing and overseeing the financial functions of our Service Organization. This position will develop and oversee a team of experts that will be responsible for account level reconciliation, 1099 processing, and variable fund operations.
We’ve embraced a flexible, hybrid approach to work. Based on your role and personal preference, we empower you to choose where you work best. This model allows you to balance your life and bring your whole self to work.
Responsibilities
- Create internal controls, standard operating procedures and mechanisms for monitoring and assessing risk as it relates to account reconciliation, 1099 processing, and fund operations.
- Analyzes and understands drivers behind analytics and variance analysis, including assisting in remediating issues in a timely manner, addressing any data and/or accounting policy inconsistencies by working across all stakeholders including third-party providers.
- Understands general ledger workflow for all entities and implements best practices to optimize the monthly close process including automation, streamlining, and management-level control reports.
- Act as primary contact with external & internal stakeholders to resolve issues centered around account reconciliation, 1099 Processing, and fund operations
- Play an important role in quality control and ensure the implementation/adherence to policies and procedures for fund administration
- Understand and execute on the business strategy with the ability to pivot as needed.
- Demonstrates courage to challenge the status quo and have courageous dialogue in support of the organization’s strategy
- Work with Legal and Compliance team to ensure compliance with various fund policies and procedures
- Performs other duties as assigned; duties, responsibilities and/or activities may change or new ones may be assigned at any time with or without notice
Required Skills
- Strong financial and accounting acumen (High proficiency)
- Strong analytical and problem-solving skills (High proficiency)
- Strategic mindset and the ability to understand our business priorities. (High proficiency)
- Ability to work collaboratively in a team environment (High proficiency)
- Superior organizational and follow-through skills (High proficiency)
- Demonstrates drive for results (High proficiency)
- Ability to build and maintain strong working relationships and partnerships across all functions and levels (High proficiency)
- Ability to influence others. (High proficiency)
- Excellent leadership, interpersonal, verbal and written communication, active listening, presentation, problem solving, and negotiation skills. (High proficiency)
- Knowledge of annuity and life insurance products (High proficiency)
Required Experience
Education
- Bachelor's Degree Accounting, Economics, or Finance Required
Experience
- 7-10 Years Financial services industry experience
- FINRA Series 6 preferred but not required
Penn Mutual helps people become stronger. Our expertly crafted life insurance is vital to long-term financial health and strengthens people’s ability to enjoy every day. Working with our trusted network of financial professionals, we take the long view, building customized solutions for individuals, their families, and their businesses. We support our financial professionals with retirement and investment services through our wholly owned subsidiary, Hornor, Townsend & Kent, LLC, member FINRA/SIPC.
Base Salary - $130,000 - $150,000