Finance Director

Full-time Exempt

Hybrid Schedule

POSITION SUMMARY

The Finance Director - Life & Investment Division plays a strategic leadership role in overseeing all financial operations related to life insurance and investment-linked products. This role is responsible for enhancing and streamlining financial processes, ensuring regulatory and audit compliance, supporting pricing and underwriting strategies, and leading financial integration and reporting initiatives.

The ideal candidate is a hands-on financial leader with strong analytical capabilities and deep knowledge of the insurance and investment landscape.

This position will also oversee the implementation of financial systems and digital tools to support the automation, control, and scalability of the new Life & Investment Division.

ESSENTIAL FUNCTIONS

The essential functions include, but are not limited to the following :

• Develop and refine financial processes to improve automation, accuracy, and efficiency in areas such as policyholder payments, claims funding, investment transactions, and routine accounting operations.
• Design and manage complex financial procedures related to policyholder transactions, premium billing, commissions, and fund allocations for investment-linked products (e.g., segregated funds, unit-linked accounts).
• Oversee the integration of new financial processes across departments for product launches, investment platform changes, or system enhancements.
• Collaborate with internal teams (actuarial, product, investments) to ensure alignment of pricing, valuation, and financial reporting.
• Build and maintain strong relationships across departments to ensure cohesive and accurate financial operations.
• Oversee compliance with internal and external audits, tax filings, and regulatory requirements, including statutory reporting for life and investment products.
• Manage commission structures, payouts, and rebates in alignment with product profitability and regulatory requirements.
• Lead client billing processes, ensuring consistency, data integrity, and process improvement for both life and investment-based policy billing.
• Coordinate and monitor internal controls and accounting practices, resolving discrepancies and ensuring financial accuracy.
• Support underwriting teams by providing financial insights on product pricing, risk assessment, and profitability analysis.
• Lead the financial side of product or system transitions, conversions, and implementations.
• Oversee financial elements of investment operations, including tracking of fund performance, fee structures, and policyholder allocations.
• Ensure transparent and proactive communication with executive management and cross-functional leadership.
• Lead financial oversight and collaboration with the asset management partner, including negotiation and contract execution, onboarding, operational integration, investment selection, performance evaluation, and ongoing relationship management to ensure alignment with the division's strategic and profitability goals.
• Oversee the selection, contracting, and operational integration of the custodian company, ensuring robust controls, data and reporting consistency, and effective governance of custody operations and investment administration.
• Partner with the actuarial team in the design and negotiation of reinsurance structures and agreements, supporting capital optimization, liquidity management, and long-term profitability objectives.Lead the design and documentation of all financial workflows and controls related to the new division, ensuring compliance and operational readiness prior to launch.
• Collaborate closely with IT and systems teams to define financial system requirements, support testing (UAT), and validate integrations with policy administration and investment platforms.
• Provide financial leadership for the division's digitalization efforts, focusing on automation of reporting, reconciliation, and data analytics.

Other Responsibilities

OUR BENEFITS

We believe our people are our greatest asset, and we're committed to supporting their well-being both inside and outside of work. Our comprehensive benefits package includes :

We're proud to offer benefits designed to help you thrive personally and professionally.

KEY PERFORMANCE INDICATORS (KPIs)

MINIMUM QUALIFICATIONS

LEADERSHIP COMPETENCIES

WORKING CONDITIONS

The following job-related working conditions are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential function.

WORK ENVIRONMENT

The role primarily operates in an in-door, climate-controlled office setting working in close proximity to others. Noise level in the work environment is low to moderate. Light level provides adequate brightness for reading, computer work, and other tasks without causing glare or strain.

PHYSICAL DEMANDS

The job primarily involves sedentary work with prolonged periods sitting at a desk. While performing the duties of this job, employees may occasionally be expected to :

TRAVEL

Minimal to no travel required

SAFETY HAZARD OF THE JOB

Minimal Hazards including potential ergonomic risks from prolonged sitting or repetitive motions.

EEO STATEMENT

VUMI Group is an equal opportunity employer. We celebrate diversity and are committed to an inclusive environment for all employees.

NOTE

This job description in no way states or implies that these are the only duties to be performed by the employee(s) incumbent in this position. Employees will be required to follow any other job-related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments. All duties and responsibilities are subject to possible modification to reasonably accommodate individuals with disabilities. The requirements listed in this job description are the minimum levels of knowledge, skills, or abilities necessary. This job positing does not create an employment contract, implied or otherwise, other than an "at will" relationship.

recblid kgc0ocszp3u5ybw4t7ylsnr895u1tn