Director of Finance - Insurance Services

Salem Five is a growing regional financial services organization with a rich history of over 170 years. As an independent bank, we are deeply rooted in the communities we serve and offer our employees successful and rewarding careers.

Why Join Us: At Salem Five Insurance, you will be part of a team that delivers more than just coverage, we provide peace of mind to the clients we serve. With experienced professionals across six Massachusetts offices and access to a broad network of trusted carrier partners, we work together to create tailored insurance solutions that reflect each client’s unique goals and values. Whether supporting families, businesses, or individuals with complex needs, you will play a key role in delivering clarity, care, and professionalism every step of the way.

This position can be based in our Woburn, Danvers, Gloucester, Plymouth or Norwood office.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

• Maintain professional relationships with clients, agency personnel and carrier staff via prompt, courteous, knowledgeable, and accurate service.
• Reconcile direct and agency billing commissions for all SFIN branches.
• Prepare and submit financial reports to management as needed. Generate regular monthly reports to management and employees.
• Prepare monthly general ledger and reconciliation of all branches.
• Perform month and year end closings and all related processes for all branches.
• Calculate and submit quarterly account manager commissions to HR for payment to employees.
• Work with carrier partners to reconcile company agency billing discrepancies.
• Provide guidance and oversight of vendor invoices and payment process.
• Collaborate with Director of Data Analytics to help analyze and interpret data.
• Oversee the Company downloads and invoicing processes.
• Assume additional responsibilities as requested.

SUPERVISORY RESPONSIBILITIES: Manages two direct reports.

EDUCATION and/or EXPERIENCE

Bachelors’ Degree or a minimum of five years related experience and/or training; or equivalent combination of education and experience. Excellent Microsoft applications skills (Word, Excel, Access, Power Point) and excellent verbal and written communication skills are essential. Ability to perform effectively in an environment where confidentiality, maturity, sound judgment, initiative, and professionalism are required. Experience with EPIC is a plus.

Benefits/Incentives :

We offer a comprehensive benefits package designed to support your well‑being and success, including medical, dental, and vision coverage; Flexible Spending and Health Savings Accounts; 401(k) matching; and tuition reimbursement. You will also enjoy additional perks such as our employee referral program, annual holiday reception, summer family outing, and more.

Salary Range : $125,000 - $150,000

The pay range is the lowest to highest compensation we reasonably in good faith believe we would pay at posting for this role. We may ultimately pay more or less than this range. Employee pay is based on factors like relevant education, qualifications, certifications, experience, skills, seniority, location, and performance. This range may be modified in the future.

PHYSICAL DEMANDS

The physical demands described here are representative of those, which must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to use hands to finger, handle, or feel; reach with hands and arms; and talk or hear. The employee is occasionally required to stand; walk; sit; climb; or balance; and stoop, kneel, crouch, or crawl. Specific vision abilities required by this job include close vision.

Ready to apply ? If this job sounds like a fit for you, then click on Apply / Apply Now in this posting. We look forward to talking with you.

No unsolicited resumes accepted from agencies.