Chief Financial Officer (CFO)
Chief Financial Officer (CFO)
CIRMA, New Haven, CT
A Bit About Us back to top
We protect Connecticut. CIRMA was established over four decades ago as an exclusive service program of Connecticut Conference of Municipalities—Connecticut’s principal association of towns and cities, with all of Connecticut’s municipalities as members. Today, CIRMA is Connecticut’s number‐one provider of municipal insurance, claims and risk management services for Connecticut’s public entities. CIRMA operates competitive Workers’ Compensation, and Liability‐Auto‐Property pools and provides leading claims and risk management programs to self‐insured municipalities throughout the state.
The special value CIRMA brings to the table:
- An established culture steeped in tradition and committed to continuous innovation
- Competitive salaries
The Opportunity back to top
The Chief Financial Officer (CFO) reports the President and Chief Executive Officer, and is a key member of the senior management team. The ideal candidate must be willing to innovate, build and advocate the strategic direction of the organization. The selected candidate must be comfortable being both a leader and collaborator with the capacity to bring teams together and foster organizational synergy.
The Chief Financial Officer is responsible for the financial management of both long and short-term strategic planning while building scalable systems and processes, in some instances, from the ground up. Additional responsibilities include budget preparation and administration, financial and strategic planning, financial analysis and reporting, investment management, administering internal controls, directing the daily financial operations and insurance accounting (GAAP & STAT) principles and reporting.
What You'll Do back to top
- Oversee the preparation of CIRMA’s annual budget and the statutory accounting function.
- Lead CIRMA finance staff, administer all financial functions, and direct daily financial operations, including accounts payable, accounts receivable, general ledger, and fixed assets.
- Lead the investments of CIRMA’s assets and the activities of the Investment Committee. Direct cash investment and portfolio investments to maximize returns. Administer cash management controls and ensures that systems of internal controls are in place to safeguard assets and to provide for accurate and complete accounting records and reports.
- Strategically analyze financial conditions, trends, and business processes, prepares forecasts, and directs financial planning and management. Advise management on CIRMA’s financial matters and recommend changes in financial strategies and systems, as needed.
- Supervise the completion and timely submission of CIRMA’s annual and quarterly filings to the Connecticut Insurance Department. Coordinate the periodic financial examination conducted by Connecticut State Insurance Department.
- Coordinate the audit of CIRMA’s financial statements, and is responsible for fee negotiation, financial statement presentation, and resolution of management-letter comments.
- Supervise the preparation of periodic financial reports for CIRMA. Implement policies and procedures for financial administration.
- Prepare and present financial information to the CIRMA Boards of Directors, and CIRMA Finance Committee.
- Maintain primary relationship with CIRMA’s financial vendors including but not limited to auditors, bankers, and investment managers.
- Negotiate, secure, and administer insurance coverage for CIRMA.
What You'll Need back to top
- Education: A master’s degree in Finance or Business Administration is preferred, although not required. Professional certifications such as a CPA is preferred, although not required.
- Experience: A minimum of ten years of progressively responsible experience in all areas of financial/investment management.
- Knowledge: Strong knowledge of GAAP and STAT Accounting principles, as well as group self- insurance programs and their financial and regulatory requirements. Knowledge of the principles and practice of financial management, including budget preparation and administration, investments and reporting.
- Select Skills/Competencies: Strong interpersonal relationship and communication skills, as well as a desire to collaborate, build rapport, add value and effectively problem-solve at micro and macro organizational levels. Requires the ability to plan and manage complex projects, proven supervisory skills, and ability to handle multiple priorities and competing demands.