Frank Winston Crum Insurance

FrankCrum is a Top Workplace!
Frank Winston Crum Insurance (FWCI) issues Workers' Compensation and General Liability policies by offering flexible coverage and payment options to meet the varied needs of businesses. Over the years, FWCI has grown from a single-state insurance carrier to one that is licensed in over 40 states and continues to expand. In addition to regional and product line growth, FWCI has enhanced its value-added services. What has not changed though is the firm's commitment - echoed throughout the family of companies - "always to do the right things for the right reasons!"

The Role You'll Play to Create Success
We are excited to announce our search for a full-time on-site Chief Financial Officer! The Chief Financial Officer (CFO) is a senior executive responsible for strengthening financial performance, strategic decision-making, capital stewardship, and long-term enterprise value. Reporting to the President, FWCI, the CFO leads the Finance, Accounting, Actuarial, Compliance, and Data & Analytics functions and serves as a key advisor to the President, executive leadership team, and Board.

The CFO will provide independent, forward-looking insight into the organization’s performance, opportunities, and risks, translating strategy into measurable financial and operating plans and improving the quality and speed of leadership decision-making. This role requires more than technical financial expertise. The successful candidate will be a commercially minded insurance executive who understands how underwriting, pricing, claims, reserving, reinsurance, operations, technology, and distribution combine to create sustainable profitability and who can constructively challenge assumptions, strengthen executive accountability, and help the business act proactively on emerging risks and opportunities.
 

1. Develops and executes the organization's long-term financial strategy in partnership with the President, FWCI and executive leadership team. 
2. Translates business strategy into financial plans, budgets, forecasts, capital requirements, and measurable performance objectives.
3. Serves as a trusted strategic advisor to the President, FWCI, executive leadership team, and Provides insight into the Board’s financial performance, risks, opportunities, and business scenarios.
4. Leads the organization's Finance, Accounting, Actuarial, Compliance, and Data & Analytics functions, driving modernization through improved processes, automation, analytics, technology, data, and artificial intelligence.
5. Leads the financial evaluation and execution of acquisitions, strategic partnerships, new ventures, major technology investments, and other enterprise initiatives, including valuation, scenario analysis, due diligence, capital requirements, risk assessment, and post-investment performance measurement. 
6. Ensures accurate, timely, and transparent financial reporting in accordance with GAAP, statutory, regulatory, and governance requirements.
7. Oversees financial planning, budgeting, forecasting, long-range planning, and actuarial processes, ensuring alignment between financial projections, business strategy, and risk assumptions.  
8. Leads the Actuarial function and oversee reserving, forecasting, pricing support, financial modeling, loss projections, and actuarial analysis.
9. Partners with underwriting, claims, product, operations, and risk leadership to evaluate insurance performance, profitability, pricing, and financial trends.
10. Monitors key insurance and financial metrics, including premium growth, loss and expense ratios, combined ratio, reserve development, profitability, and performance by product or business segment.
11. Oversees capital, liquidity, investment, reinsurance, and financial risk strategies to support the organization's financial strength and long-term objectives.
12. Evaluates and strengthen capital strategies, investments, strategic partnerships and initiatives, new products and markets, and other significant business decisions to ensure appropriate financial returns and risk management.
13. Identifies opportunities to improve profitability, operating efficiency, productivity, margins, and return on investment across the organization. 
14. Establishes strong financial controls, policies, processes, compliance practices, and governance while maintaining effective relationships with auditors, regulators, banking partners, and other external stakeholders.
15. Provides leaders with actionable financial, actuarial, compliance, risk, and business insights, helping them understand performance drivers, risks, opportunities, and the actions needed to improve results.
16. Builds and lead high-performing Finance, Accounting, Actuarial, Compliance, and Data & Analytics teams, establishing clear accountability, leadership development, succession planning, and a culture of collaboration and continuous improvement.
17. Represents the organization with the Board, regulators, auditors, financial institutions, and other key stakeholders, communicating complex financial, actuarial, and strategic matters clearly and effectively.

 
The Attributes We Seek

1. Bachelor's degree in Finance, Accounting, Economics, Actuarial Science, Business Administration, or a related field.
2. 10+ years of progressive experience in finance, accounting, actuarial, or insurance-related leadership roles. 
3. 5+ years in a CFO, Deputy CFO, SVP Finance, VP Finance, or comparable senior leadership role strongly preferred. 
4. Direct experience with an insurance carrier in a senior financial leadership capacity required.
5. Demonstrated record of improving profitability, forecasting accuracy, capital efficiency, operating discipline, financial transparency, or enterprise value in a complex insurance organization. 
6. MGA (Managing General Agency) experience, particularly experience with underwriting, delegated authority, pricing, profitability, and carrier/MGA relationships preferred. 
7. Demonstrated experience leading meaningful financial or operational transformation, including upgrading talent, improving processes, implementing technology, and increasing the quality and speed of management information. 
8. Experience leading or directly overseeing Actuarial is strongly preferred given the scope of this role. 
9. Experience with P&C insurance, workers' compensation, commercial insurance, or a similarly regulated insurance environment preferred. 
10. Experience presenting financial, actuarial, risk, and strategic matters to a Board of Directors and/or executive leadership team preferred.
11. Experience with acquisitions and divestitures, strategic partnerships, debt and capital arrangements, economic capital, stress testing, and post-investment performance measurement.

Our Competitive Benefits
Along with this great opportunity, FrankCrum also provides exceptional benefits from top carriers including:

1. Health Insurance is just twenty-five dollars per month for employee only coverage and a very low cost for family levels. 
2. Dental and Vision Insurance
3. Short Term Disability and Term Life Insurance at no cost to the employee
4. Long Term Disability and Voluntary Term Life Insurance
5. Supplemental insurance plans such as Accidental, Critical Illness, Hospital Indemnity, Legal Services and Pet Insurance
6. 401(k) Retirement Plan where FrankCrum matches 100% of the first 4% the employee contributes, and the employee is immediately vested in the employer match
7. Flexible Spending Accounts for Medical and Dependent Care Reimbursement
8. Health Savings Account funded by FrankCrum
9. Paid time off and holiday pay
10. Education Benefit Program at the IRS Maximum allowance 
11. PTO cash out
12. Tickets at Work
13. Alero Financial and its robust credit union benefits program
14. Employee and client referral bonus programs
15. Disaster Relief Fund for employees 

What's Special About FrankCrum
FrankCrum, a family-owned business-to-business entity since 1981 made of several companies: FrankCrum Corporate (a professional employer organization), FrankCrum Staffing, Frank Winston Crum Insurance Company, and the FrankCrum Insurance Agency - all based in Clearwater, Florida. This "family of employer solutions" employs approximately 500 people who serve over 4,000 clients throughout the United States. FrankCrum employees are trained to deliver high value through exceptional customer service and treat clients and coworkers like family. By living by our Brand Pillars (Integrity, Affinity, and Prosperity) employees are recognized at quarterly events for exceptional customer service and milestones in tenure.

The FrankCrum headquarters spans 14 acres and includes a cafe, subsidized for employees. Menus include made-to-order breakfast, hot lunch options and even dinners that can be ordered to-go, all at very affordable prices. The cafe also plays host to monthly birthday and anniversary celebrations, eating and costume contests, and yearly holiday parties. Through the input of its own employees, The Tampa Bay Times has recognized FrankCrum as a Top Place to Work for more than 10 years in a row! FrankCrum also supports several community efforts through Trinity Cafe, the Homeless Empowerment Program, and Clearwater Free Clinic!
If you want to play this role to positively impact our client's day-to-day business, then apply now!

FrankCrum is an Equal Opportunity Employer that does not discriminate on the basis of actual or perceived race, color, creed, religion, national origin, ancestry, citizenship status, age, sex or gender (including pregnancy, childbirth and pregnancy-related conditions), gender identity or expression (including transgender status), sexual orientation, marital status, military service and veteran status, physical or mental disability, genetic information, or any other characteristic protected by applicable federal, state or local laws and ordinances.
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