Associate Vice President of Finance

UE provides liability insurance and risk management services to K-12 schools, colleges, and universities nationwide. UE is owned by a large and diverse membership. With 38 years serving education, we bring deep expertise to our members and focus on delivering an experience that leaves them feeling confident that we understand their needs and offer insights and solutions suited for their unique challenges. These sentiments are echoed in our culture, where we believe that building on and embracing our unique differences and perspectives enables us to better serve our members and fulfill UE’s mission.

The Associate Vice President of Finance is responsible for assisting the Chief Financial Officer & Vice President of Finance in overseeing the fiscal stewardship of the organization, which includes directing financial activities, ensuring regulatory compliance, planning and developing processes and systems, guiding the Board and committees of the Board on financial matters, and assisting in development of multi-year financial models and strategic plans. 

Responsibilities:

• Perform analysis of financial reports, business plans, budgets and forecasts, highlighting significant items, explaining complicated financial matters simply, and providing meaningful explanations for variances to senior management and the Board.
• Work with Chief Investment Officer, outside consultants and asset managers to monitor and manage the investment portfolio.
• Coordinate activities and meetings of the Audit and Investment Committees.
• Enhance, develop, and implement policies, procedures and systems that will improve overall operation and effectiveness of the company.
• Develop, revise and enhance the multi-year financial model. Create and update rolling monthly forecast.  Lead the annual business plan preparation and interim forecasts.
• Deliver timely monthly reporting, and provide insights to senior management into key trends that are emerging in the business.
• Work with other departments to develop KPI’s and create dashboards and reports that provide a consolidated view of important operating and financial metrics across the company.
• Represent interests of the Finance function in enterprise wide technology implementation efforts.
• Oversee operations of the Accounting/Finance Department, led by the controller including the following:
• Communicate with sponsors/owners on valuation and status of their investments in the Company
• Collaborate across departments to improve department’s ability to meet UE goals and objectives
• Work with employees to clarify expectations and to establish objectives and developmental plans
• Meet regularly with employees to discuss their progress and concerns, and to offer ongoing support and advice
• Preparation of monthly, quarterly and annual financial reports
• Filing of quarterly and annual state and federal tax and regulatory filings
• Maintenance of books and records
• Processing of reinsurance premiums and losses
• Processing of receipts and disbursement
• Development of policies and procedures
• Maintenance and management of operating accounts
• Annual independent audit and triennial regulatory audit
• Procurement of property and liability insurance
• Investment accounting and reporting
• Fixed asset accounting and reporting
• Annual allocations to Subscriber Savings Accounts

Requirements:

• Bachelor’s degree in accounting, finance or other related discipline.
• Certified Public Accountant. Investment and/or Insurance Designations are a plus.
• Ten years or more of experience in financial management, insurance experience preferred
• Ability to analyze complex and diverse information and present in the context of the overall business
• Ability to think strategically and incorporate financial analysis into strategic thinking
• Ability to identify new business issues and translate into actionable steps
• Excellent supervisory and team building skills
• Excellent computer and software application skills (Excel, Word, Power Point, Accounting software)
• Excellent oral and written communication skills, including experience in presenting information to colleagues and Board members
• High degree of integrity and outstanding business judgment
• Ability to thrive in an atmosphere of constant change

The below annual salary range is a general guideline. Multiple factors are taken into consideration to arrive at the final hourly rate/ annual salary to be offered to the selected candidate. Factors include, but are not limited to, the scope and responsibilities of the role, the selected candidate’s work experience, education and training, the work location as well as market and business considerations.

Salary Range$200,000—$290,000 USD

Benefits:

• Health Insurance — We offer subsidized plan options with an optional pre-tax Health Savings Account (HSA), including an annual employer contribution and investment options. The plans offer a prescription benefit and telehealth.
• Dental Insurance — Two plan levels are available, depending on needs.
• Vision Insurance —We offer in- and out-of-network options; Lasik discounts are available.
• 401(k) — UE makes a 3% safe harbor non-elective contribution beginning the first of the month after date of hire; these funds are vested immediately. After one year of service, employees receive a 7% profit sharing non-elective contribution, as well as become eligible for a matched contribution of 25% of the first 5% employee deferral. Employees can make pre-tax contributions or taxed (Roth) salary reductions. Catch-up contributions for employees 50 years old and over. Employer contributions are fully vested immediately.
• Life Insurance — UE pays for Basic Life Insurance, and employees have the option to apply for additional Voluntary coverage.
• Short- and Long-Term Disability Insurance — We offer coverage in the event employees are unable to work for a period of time.
• For the first two years of employment, employees accrue PTO at 24 days per year. At the beginning of the third year of service, employees accrue 30 days per year of PTO.
• 11 paid holidays annually including Juneteenth and an employee choice floating holiday
• Bonus eligibility is based on salary earned and performance for the year.
• Hybrid environment - employees are typically in the office 2-3 days per week after the initial training period.
• Support for individual growth through sabbaticals, leadership development, mentoring, and tuition assistance
• Inclusive and supportive culture that embraces diversity and provides opportunities for all to succeed
• Monthly lunches and various social events throughout the year
• Opportunities to join the Social Committee, Employee Resource Groups (ERGs), and Inclusion, Diversity, and Equity Alliance (IDEA)