SVP, Chief Financial Officer

Company Details

Berkley Luxury Group is an operating unit of W.R. Berkley Corporation, one of America’s largest commercial lines writers in the UnitedSstates. At Berkley Luxury Group we offer tailored, all-inclusive insurance solutions for luxury condo, co-op, rental properties and fine dining restaurants.

We are a team of seasoned underwriting and claim professionals, well versed in the nuances of our two niches. Our specialized expertise has enabled us to maintain a stable approach to the market for over 30 years. We uphold a standard of prompt and fair settlement of claims, and endeavor to treat our insureds and brokers in a partnership like manner. We also have the ability to provide an array of value-added consultative risk management services designed to assist our customers in managing risk. At Berkley Luxury Group, we have a shared vision to be the best in what we do, as evidenced by our reputation amongst our customers and competitors.

As a Berkley company, we enjoy operational flexibility that allows us to deliver quality coverage solutions. W. R. Berkley Corporation, and all member insurance companies, are rated A+ (Superior) by A.M. Best Company and carry Standard & Poor’s Financial Rating of A+ (Strong).

Responsibilities

Berkley Luxury Group is seeking an SVP, Chief Financial Officer to act as a core member of their Senior Leadership Team has accountability for the finance function of Berkley Luxury Group. This position is located in our Parsippany, NJ headquarters.

The SVP, CFO leads accounting, financial reporting, budgeting, forecasting, expense management, cash flow, compliance, billing, and strategic financial planning to advance BLG’s operating priorities and long-term financial strength. The CFO converts complex financial data into decisive business insight, reinforces financial discipline and controls, and partners with leadership to drive performance, operating efficiency, and enterprise risk management.

• Leads the full finance function, including accounts payable, accounts receivable, billing, collections, general ledger, and cash flow management, to protect and strengthen BLG’s financial position.
• Interprets complex financial information and converts analysis into clear, actionable business insight.
• Drives process excellence across finance and advances the use of automation, RPA, BPO, AI, and other enabling technologies where they add value.
• Oversees BLG financial reporting and ensures compliance with statutory, regulatory, and property and casualty insurance requirements.
• Owns the annual budget, capital allocation process, and performance monitoring against budget and operating plan.
• Identifies cost efficiencies and optimizes spending in line with BLG’s operating plan and financial objectives.
• Partners with senior leadership on strategic planning and leads BLG’s enterprise risk management strategy to identify, assess, and mitigate material exposures.
• Partners with senior leadership to assess and manage the financial impact of reinsurance transactions and related decisions.
• Builds and develops a high-performing team and fosters a culture of accountability, ownership, and innovation.
• Serves as a strategic advisor to the Senior Leadership Team and communicates financial performance and implications with clarity and credibility to key stakeholders.

Qualifications

• Bachelor of Science in Accounting or Finance
• MBA and/or CPA desirable
• 10+ years of progressive finance leadership experience, preferably in the property and casualty insurance industry.
• Deep expertise across finance operations, including accounting, financial reporting, planning and analysis, budgeting, cash flow, billing, collections, and expense management.
• Strong command of statutory and GAAP insurance reporting, regulatory compliance, and internal control disciplines.
• Demonstrated success improving finance processes and deploying automation, RPA, BPO, AI, or similar technologies to increase efficiency and control.
• Experience leading annual budgeting, capital allocation, performance management, and cost optimization.
• Strong strategic and analytical judgment, with the ability to translate complex financial and business issues into practical recommendations.
• Working knowledge of enterprise risk management and the ability to evaluate and mitigate broad financial and operational exposures.
• Experience supporting reinsurance or comparable financial transactions and assessing their financial impact is preferred.
• Proven ability to attract, develop, and retain top talent while building a culture of accountability, trust, and innovation.
• Executive-level communication and presentation skills, with the ability to influence senior leadership, the WRB CFO, executives, and board-level stakeholders.
• Strong systems acumen, including advanced Excel and experience with enterprise financial platforms; Oracle and PeopleSoft preferred.
• Ability to operate effectively across all levels of the organization, manage multiple priorities, and travel as needed.

Additional Company Details

The company is an equal opportunity employer. We do not accept any unsolicited resumes from external recruiting firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role includes: Base Salary Range: $185,000-$295,000 The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. Eligible to participate in the annual discretionary bonus program. Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans.