The Director of Finance & Operations is responsible for running the day-to-day operations and financial reporting for SBAC, Fortegra’s Premium and Warranty financing business, and will have a key role in developing and implementing the go-forward business plan and strategy of SBAC. Specific responsibilities include accountability for all funding decisions and processes, oversight of banking relationships and transactions, accounting functions (including month-end close), various internal reporting processes, and other external communication and reporting responsibilities.
Primary Job Functions:
- Business Planning and Strategy – This position will have a key role in developing and implementing the go-forward business plan and strategy of SBAC.
- Premium/Warranty Finance Funding Activity – Ultimate responsibility for all premium finance decisions/fundings (daily workflow) and warranty finance decisions/fundings (weekly fundings), which are workflows under the Customer Service team and Sr. Financial Analyst. In addition, involvement and oversight of various other functions related to financing activities (for example: participating in the agent approval process).
- Customer Service Team Oversight – Oversight of the Customer Service team (5 associates led by a Senior Manager) which primarily focuses on daily premium financing activity and servicing retail and managing general agents initiating the financing requests.
- Client Interaction & Management – Regular communication and interaction with Warranty Financing clients, including two internal subsidiaries and a large external client. The latter relationship includes monitoring and approving bank activity and processing transactions from the client’s bank portal.
- Bank Activity and Relationship Management – Monitoring, reporting, and relationship management related to SBACs operating bank accounts, including the filing of monthly borrowing base certificates and quarterly debt compliance certificates related to the company’s syndicated credit facility.
- Accounting/Month-End Close/Audit – Preparation/approval of all journal entries required for month-end close. Communication and interaction with all necessary internal parties (including but not limited to Accounting and Accounts Payable) for completing all necessary monthly reporting and providing all required information to internal and external parties. Ensure that all bank account reconciliations are properly completed. Liaise with Internal Audit and External Auditors to satisfy all audit needs.
- Financial Planning & Forecasting – Build and maintain a forecast model for SBAC that can be used both to drive business decisions and serves as the basis by which we provide corporate FP&A with future projections of SBACs business.
- Financial Reporting – Build and maintain a monthly internal reporting package for use by the SBAC team in assessing performance and understanding business trends. Various other reporting tools (both to internal and external stakeholders) exist and will need to be consolidated into a comprehensive singular package.
The above cited duties and responsibilities describe the general nature and level of work performed by people assigned to the job. They are not intended to be an exhaustive list of all the duties and responsibilities that an incumbent may be expected or asked to perform
Minimum Qualifications:
- Minimum 10 years of relevant experience required, including a background in financial modeling and forecasting (FP&A), accounting, and direct managerial oversight. Insurance and/or Premium/Warranty Financing experience is a plus.
- College degree in Accounting, Finance, or related field.
Skills & Competencies Required:
- Strong finance background.
- Accounting experience.
- FP&A experience (financial modeling, forecasting, budgeting).
- Superior excel skills.
- Managerial oversight experience.
- Analytical and critical thinking ability.
- Organizational skills.
- Strong interpersonal and communication skills.
