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Job Description
Controller
Regular
296426
IL - Glenview
02/08/2010
CICA - United States
Wilson,Ellen E

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Job Details
POSITION SUMMARY:  Currently, we have an excellent career opportunity for a Controller in the Glenview, IL office of Combined Insurance, part of the ACE Group of Companies.

RESPONSIBILITIES: The Controller reports directly to the Combined CFO and is responsible for enhancing financial close processes including documentation, coordination with actuarial, ACE financial and Combined international operations.  The Controller will lead Combined’s accounting department focusing on staff development, succession planning and cross training.  The candidate will oversee a staff of 15 and will have indirect oversight of international financial operations.  He/She will also oversee Combined’s accounting policy and prepare Combined’s annual and quarterly GAAP and statutory financial statements.  This person must have a strong understanding of actuarial principles, reserving methodologies, purchase GAAP accounting, VOBA and DAC issues. The Controller will manage Sarbanes Oxley compliance and serve as point person to internal audit and to independent auditors.  He/She will support the planning and forecasting process and provide analysis of financial implications of proposed initiatives and other corporate activities.  The Controller will also be responsible for cash flow reporting and planning along with capital management..

REQUIRED SKILLS & EXPERIENCE:
• Must be an experienced well-rounded financial executive capable of seeing the big picture while comfortable with details.
• 15+ years total experience including a Big Four accounting firm and preferably a life or accident and health insurer.  Person should have achieved at least a senior manager in the Big Four and have the potential to eventually step into the role of CFO.
• Knowledge of financial reporting systems and processes including People Soft.
• Technical skills in particular GAAP and statutory accounting and reporting principles with emphasis on rules applicable to accident and health insurance companies are required.
• Strong knowledge of GAAP and statutory accounting principles.
• Understanding of life, accident and health insurance products and familiarity with career distribution field force and compensation related matters.
• Experience with forecasting, planning and analysis.
• Strong communication and presentation skills.  Experienced at dealing directly with executive management at all reaches of ACE organization.
• A track record developing staff including cross training and succession planning.

MINIMUM EDUCATION REQUIRED:
• Bachelor’s Degree and CPA required
• MBA a plus

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