Vice President Finance Officer

Church Pension Group (CPG) is a financial services organization that serves the Episcopal Church, located in Midtown Manhattan. CPG was founded in 1917 to provide pension benefits to eligible clergy of the Episcopal Church. Since then, its mission has expanded to include life and disability insurance, health benefits, property & casualty insurance, and publishing.

The VP Finance Officer is responsible for optimizing the organization’s financial performance through integrated business finance, capital planning, liquidity management, balance sheet strategy, and financial governance. This leader partners closely with executive leadership and business units to ensure financial decisions maximize enterprise value while maintaining strong capital and liquidity positions.

The role serves as the steward of the organization’s financial health through disciplined financial management and regulatory compliance. It also supports the calculation and financial evaluation of reinsurance programs, including their capital, liquidity, and risk-transfer implications.

The VP partners closely with the Business, Actuarial, Financial Planning & Analysis (FP&A), and Accounting teams to translate business strategy and actuarial decisions into cohesive, accurate, and insightful financial analysis and reporting for executive management and the Board of Directors.

ESSENTIAL DUTIES AND RESPONSIBILITIES

include the following. Other duties may be assigned.

Capital & Liquidity Management

• Oversee regulatory capital framework, including capital adequacy, and stress testing in collaboration with the business and actuarial teams
• Monitor and manage liquidity position to ensure sufficient resources under normal and stressed conditions in collaboration with the claims and investment teams
• Develop and maintain capital forecasting models in collaboration with FP&A and the business

Reserves & Reinsurance

• Provide financial oversight and assess the reasonableness of reserves established by the Actuarial team
• Support financial analysis over reinsurance strategy, including structuring, placement, and performance monitoring
• Evaluate reinsurance programs to understand capital impact and risk transfer

Regulatory & Statutory Oversight

• Provide support with all regulatory capital, liquidity, and reporting requirements
• Oversee preparation and review of statutory filings and regulatory submissions in collaboration with the accounting teams
• Serve as a liaison with regulators on financial strength, solvency, and capital-related matters
• Monitor emerging regulatory developments and assess impact on the organization

Financial Reporting & Governance

• Collaborate with FP&A to deliver integrated financial insights and analysis for senior management and the Board
• Partner with Accounting to ensure alignment between statutory, GAAP, and management reporting perspectives
• Support Board materials and executive presentations related to capital, liquidity, and financial strength
• Enhance governance, controls, and documentation around capital and regulatory processes
• Effective performance of the essential functions of this position requires regular in-person, on-site interaction with colleagues, both for purposes of relationship building and meaningful collaboration.
• Other duties may be assigned.

Qualifications

• Deep understanding of capital frameworks, liquidity management, and regulatory environments
• Strong knowledge of statutory accounting and financial reporting principles
• Strategic thinker with the ability to translate complex financial concepts into clear insights
• Excellent collaboration and influencing skills across finance functions
• High attention to detail with strong analytical and problem-solving capabilities
• Strong communication and presentation skills

EDUCATION & EXPERIENCE

• Bachelor’s degree in Finance, Accounting, Economics, or related field (MBA or advanced degree preferred)
• 10+ years of experience in finance, with significant exposure to capital management, regulatory reporting, or treasury within financial services (P&C insurance experience strongly preferred)
• 3+yrs managerial experience required.
• CPA required

PHYSICAL DEMANDS

Extensive use of a computer keyboard is a demand of the position to perform the essential functions of this job successfully.

WORK ENVIRONMENT

Currently, hybrid work environment, which requires working in CPG’s office Tuesdays through Thursdays and flexibility to work remotely on Mondays and Fridays. Church Pension Group employees must maintain a professional, compassionate, and trustworthy work environment always. Reasonable accommodations may be made to enable someone with a disability to perform the essential functions of the job within this environment.

Salary Range: $200,000- $230,000

Join us and Create A Better Future For Yourself!

Flexible Benefits available to eligible employees:

• Medical (including Vision)
• Dental

Core Benefits automatically provided to eligible employees:

• Employer funded defined benefit pension plan (five year vesting)
• Employee Life Insurance
• Spouse and Dependent Life Insurance
• Accidental Death and Dismemberment (AD&D) Insurance
• Short-Term Disability (STD) coverage
• Long-Term Disability (LTD) coverage (elected as either pre-tax or after-tax)
• Business Travel Accident Insurance
• Worker’s Compensation
• Employee Assistance Program
• Retiree health insurance (eligible after 10 years)
• Retiree life insurance

Elective Benefits available to eligible employees:

• 401(k) with matching contributions (immediate vesting)
• Flexible Spending Accounts (FSAs)
• Commuter Benefits
• New York’s 529 College Savings Program (NY State residents)

Educational Assistance Program available to eligible employees

Parental Leave available to eligible employees

Time Off available to eligible employees: Vacation, Sick, Personal and Holidays

You may also be eligible to participate in a discretionary annual incentive program, subject to the rules governing the program, whereby an award, if any, depends on various factors, including, without limitation, individual and organizational performance.

In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification document form upon hire. Please understand that, as a general policy, CPG does not sponsor visas.

CPG is an equal opportunity employer. We are committed to fair hiring practices and do not discriminate against job applicants or employees based on any protected characteristics. We also celebrate diversity and are committed to creating an inclusive environment for all employees.