MSIG USA continues to grow!
MSIG USA is the US-based subsidiary of MS&AD Insurance Group Holdings, Inc., one of the world’s top P&C carriers and a global Class 15 insurer, with A+ ratings and a reach that spans 40+ countries and regions. Leveraging our 350-year heritage, MSIG USA brings the financial strength, expertise, and global footprint to offer commercial insurance solutions that address your business’s unique risks.
The VP Finance & Controls will initially lead the end-to-end review, validation, and management of bordereau statements as well as the build-out of controls for the company's property and casualty (P&C} program business. With a focus on finance transformation and modernization, this role will be responsible for building and overseeing a high-quality bordereau workflow with a focus of establishing controls and standard reporting across all programs ensuring data accuracy, strengthening carrier and MGA relationships, and supporting the company's transition toward a fully automated program administration model.
This leader will initially serve as the primary point of accountability for bordereau processing and ingestion, reconciliation, compliance monitoring and reporting. As this process matures, the VP Finance & Controls will assist with identifying control gaps and work with senior leaders in the Finance department to design and implement new controls across reinsurance, treasury and other areas. This leader will a Iso own Finance transformation initiatives, including accelerating the financial dose, optimizing end-to-end workflows and supporting the adoption of modern tools, automation and best practices to position Finance as a scalable and data-driven function.
Key Responsibilities
Bordereau Management & Data Oversight
• Oversee the receipt, processing, and validation of premium, claims, and exposure bordereau files from MGAs, TPAs, and program partners.
• Develop and maintain standardized bordereau templates, data dictionaries, and quality-control protocols.
• Review bordereau submissions for accuracy, completeness, and compliance with contractual requirements.
• identify discrepancies, trends, or anomalies and coordinate timely resolution with internal teams and externa! partners.
• Ensure bordereau data is properly reconciled with financial, actuarial, and underwriting systems.
• Provide Finance required data to support regulatory filing requirements.
• Design and implement controls to support the company's growing portfolio.
Internal Controls Leadership
• Design, implement and maintain a robust internal control framework across various Finance functions, including reinsurance, treasury and cash management.
• Establish governance routines, control ownership, documentation standards and testing protocols.
• Oversee Finance control activities, including risk assessments, control design and remediation. Partner with Internal Audit, Risk Management and Compliance to ensure alignment across all control programs.
SALARY: The estimated salary range for this position is $200,000.00 - $240,000.00 per year. This is a good-faith assessment of the salary range for this position only. In determining the actual salary within this range, MSIG USA will consider a candidate’s relevant experience, location, and other job-related factors.
Additional Benefits:
Additional Benefit Programs
It's an exciting time for our company and a great opportunity to join a financially sound and growing global insurance group!
It is the policy of MSIG USA to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, MSIG USA will provide reasonable accommodations for qualified individuals with disabilities.
MSIG USA is the partner that businesses rely on for creative, customized insurance solutions. Owned by a global P&C carrier with an A+ rating and a 300-year heritage, MSIG USA helps protect leading businesses across a wide range of industries. The company’s financial strength and deep capacity enable it to cover a wide range of risks and deliver responsive, personalized service through a nationwide team. MSIG USA is admitted in all P&C lines in all 50 states, the District of Columbia, and Puerto Rico.
MSIG USA is the marketing name used to refer to certain underwriting subsidiaries of MSIG Holdings (U.S.A.), Inc. (“MSIGH”), and its subsidiary companies. U.S. Companies Only: MSIG insurers are subsidiaries of Mitsui Sumitomo Insurance Company, Limited, a member of MS & AD Insurance Group. MSIG refers to the insurers underwriting coverage: Mitsui Sumitomo Insurance Company of America, Mitsui Sumitomo Insurance USA Inc. and MSIG Specialty Insurance USA Inc
