Controller

Controller
NYSIF
Salary Range: $155,000 - $160,000

Description:
The New York State Insurance Fund (NYSIF) is seeking an experienced professional to serve as Controller. Reporting to the Chief Financial Officer, the Controller is responsible for the oversight of NYSIF’s Accounting Operations Department, which includes management of the Financial Reporting, Investment Back Office, Accounts Payable and Financial Planning and Analysis staff and functions. Responsibilities include, but are not limited to:

• Manage the Financial Reporting, Financial Planning and Analysis, Investment Back Office and Accounts Payable staff and functions
• Manage the preparation of NYSIF’s statutory annual and quarterly statements, (Yellow Book) for the Workers’ Compensation Fund and Disability Benefits Fund filed with the New York State Department of Financial Services and the NAIC
• Manage closing of the General Ledger for the Workers’ Compensation Fund, Disability Benefits Fund and the Aggregate Trust Fund within 5 business days of month end.
• Manage the annual audit including the preparation of NYSIF’s audited financial statements and footnotes for the Workers’ Compensation Fund, Disability Benefits Fund and Aggregate Trust Fund on the statutory basis of accounting
• Manage the preparation of the quarterly reports for senior management and the Board of Commissioners such as financial summaries, segment profitability and reporting, rate, volume and mix analysis
• Support the Investment Front Office in exploring accounting and implementation of new asset classes
• Contribute to process improvements and automation of various strategic initiatives
• Work in conjunction with Treasury and Legal to track and manage receivables aging
• Advise management on any risks and deficiencies of the business as illustrated by automated tools and KPI monitoring
• Prepare annual Workers’ Compensation Fund (WCF) and Disability Benefits Fund (DBF) budget. Forecast expenses, analytical comparisons of actual versus budget, budget versus forecast and actual versus forecast.

Basic Qualifications:
Bachelor's Degree in Accounting, Finance, or Business Administration and seven years of experience in insurance accounting or auditing. Two years of the experience must have been at a supervisory level. Certification as a CPA and/or possession of an MBA may substitute for two years of the general experience.

Preferred Qualifications:
Experience in insurance, financial services, investment accounting, public accounting and auditing is highly preferred. Experience with Oracle, Hyperion and financial project management are a plus. The ideal candidate will have excellent verbal and written communication skills and will be able to identify or troubleshoot complex business challenges while maintaining a good rapport with management staff and key stakeholders. Deep knowledge of Statutory Accounting Principles in accordance with the National Association of Insurance Commissioners (NAIC) strongly preferred.

Primary Location: Albany or New York City
Travel: Some travel required
To Apply: Please email resume and cover letter to hrexec@nysif.com.

NYSIF (The New York State Insurance Fund) was established in 1914 as part of the original enactment of the New York State Workers’ Compensation Law. NYSIF's mission is to guarantee the availability of workers’ compensation insurance at the lowest possible cost to all New York employers and to foster healthy outcomes with timely, appropriate indemnity and medical payments to injured workers, while maintaining a solvent fund. For more than a century, NYSIF has fulfilled the dual roles for which it was created: to compete with other carriers to ensure a fair marketplace and to be a guaranteed source of coverage for employers who cannot secure coverage elsewhere.

NYSIF is the largest workers’ compensation carrier in New York State and among the 10 largest in the nation, insuring more than 145,000 policyholders with over $1.4 billion in annual premium and $20 billion in assets. A self-supporting insurance carrier, NYSIF operates without taxpayer funding.

In addition to workers’ compensation insurance, NYSIF provides disability benefits coverage for off-the-job injuries to more than 65,000 New York employers. In 2018, NYSIF added Paid Family Leave as a component of its disability benefits solution providing New Yorkers with job-protected paid time away from work to care for their families.

Please note the following New York State Civil Service employment information:

• Jurisdictional classification: Exempt
• Bargaining unit: M/C
• Civil Service title: Special Investment Officer