Controller

Summary

The Controller reports to the Chief Corporate Operations Officer & Chief Financial Officer and leads RiverStone’s Finance department. The role is fully accountable for accounting and controllership, IFRS and Statutory reporting, financial planning and budgeting, capital and liquidity management, treasury and investment accounting, reinsurance accounting, expense management, and the financial evaluation and financing of acquisitions.

Essential Functions

Leadership & Strategy

• Serves as the CFO’s leader of Finance; acts on the CFO’s behalf as required and contributes to company-wide strategy as a member of the senior leadership team.
• Creates, guides and implements Finance department goals, objectives, policies and operating procedures aligned with overall corporate goals.
• Designs, establishes and maintains an organizational structure, staffing mix and succession bench that enable the department to meet its strategic goals.
• Fosters the development of direct reports and the broader Finance team by providing growth opportunities, stretch assignments and development plans.
• Forecasts resources needed to accomplish business goals; leads and communicates change initiatives.
• Recognizes the onset of potential problems and takes appropriate action to prevent exposure or risk to the company.

Controllership & Financial Reporting

• Directs the preparation of all internal and external financial reports, including IFRS and Statutory reporting, monthly management reporting and Fairfax reporting.
• Owns the month-, quarter- and year-end close, ensuring accurate and timely recording of all transactions across general ledger, investments, treasury and reinsurance accounting.
• Safeguards company assets by maintaining a strong internal control environment; develops, improves and implements policies and procedures for the recording, documentation and tracking of financial matters.
• Ensures compliance with local, state and federal financial, statutory and regulatory reporting requirements.
• Oversees the coordination of financial audits and regulatory examinations and provides recommendations for procedural improvements.
• Partners with Actuarial, Claims and Reinsurance colleagues on the financial reporting of loss reserves, reinsurance recoverable and related balances.
• Leads finance systems and process improvement, including AI, ERP and reporting tools, to improve accuracy, efficiency and timeliness.

Planning, Capital & Transactions

• Directs RiverStone’s financial planning, budgeting, outlook and forecasting processes; monitors and analyzes monthly operating results against budget.
• Recommends benchmarks for measuring financial and operating performance and ensures financial plans are consistent with organizational goals.
• Leads capital management, liquidity and treasury activities in coordination with the CFO.
• Actively participates in the analysis, pricing and financing of acquisitions; prepares financial analysis to support negotiations and investment decisions and leads finance due diligence and post-acquisition integration.
• In conjunction with other senior leaders, maintains oversight of transactions involving the company, including mergers, acquisitions and dissolutions.
• Provides financial analysis and modeling to evaluate company ventures, special projects, programs and capital expenditures.

Stakeholder Relationships

• Represents RiverStone Finance with Fairfax, other Fairfax operating units, regulatory authorities and external auditors.
• Prepares and presents financial results and analysis to the CFO, executive leadership and boards or committees as assigned.
• Establishes and maintains effective working relationships both internally and externally.
• Maintains a high degree of confidentiality.
• Models and practices RiverStone’s values.

Related Functions

• Serves on organization-wide committees as assigned.
• Serves on organization-wide projects as assigned.
• Participates in matters involving Fairfax as assigned by the CFO.

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Required Skills

• Expert knowledge of accounting theory, guidance and research, including IFRS, US GAAP, and statutory accounting principles.
• Strong knowledge of insurance and reinsurance accounting; knowledge of run-off / legacy business strongly preferred.
• Knowledge of finance, budgeting and cost control principles.
• Knowledge of federal and state financial and statutory regulations.
• Ability to analyze financial data and prepare financial reports, statements, projections and financial models.
• Working knowledge of short and long term budgeting and forecasting.
• Competent in ERP systems and automated financial and accounting reporting systems.
• Strategic thinking and critical problem-solving skills with sound business judgment.
• Customer service oriented with the ability to develop long-lasting relationships with internal and external business partners.
• Excellent interpersonal skills with an ability to interact with people at all levels of the organization, including executive leadership and boards.
• Exceptional written and verbal communication and presentation skills.
• Ability to meet deadlines and prioritize multiple projects/assignments.
• Computer skills in a Microsoft environment.
• Creates the environment such that innovative thinking is encouraged and fostered throughout the organization; takes ownership of innovation in their respective areas to ensure ideas are converted into business solutions; encourages calculated risk taking and is willing to accept a reasonable degree of failure as a stepping stone to progress.
• Empowers associates to continuously improve RiverStone’s processes and systems. Takes ownership of process improvement in their respective areas to ensure that ideas are implemented and continuously reviewed.
• Embeds a strong customer service focus into the organization and ensures the consistent delivery of superior customer service.
• Demonstrates alignment with RiverStone’s Commitments.
• Prioritizes and organizes work in a self-directed manner.
• Attains and maintains knowledge of assigned department.
• Performs other duties as required, including supporting and coordinating with other department colleagues.

We empower people to make decisions, in a supportive environment, with accountability for the outcomes. Experience

• 10+ years of significant senior finance leadership experience.
• Insurance or reinsurance industry experience required; property & casualty and/or run-off experience strongly preferred.
• Demonstrated controllership experience, including ownership of the financial close, external and statutory reporting, and internal controls.
• Experience supporting acquisitions (due diligence, pricing, financing and integration) preferred.
• Experience leading managers and multi-disciplinary finance teams required.
• Public accounting experience a plus.

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Managing Vision and Purpose: Communicates a compelling and inspired vision or sense of core purpose; talks beyond today; talks about possibilities; is optimistic; creates mileposts and symbols to rally support behind the vision; makes the vision sharable by everyone; can inspire and motivate entire units or organizations. Integrity and Trust: Is widely trusted; is seen as a direct, truthful individual; can present the unvarnished truth in an appropriate and helpful manner; keeps confidences; admits mistakes; doesn't misrepresent him/herself for personal gain. Developing Direct Reports and Others: Provides challenging and stretching tasks and assignments; holds frequent development discussions; is aware of each person’s career goals; constructs compelling development plans and executes them; pushes people to accept developmental moves; will take on those who need help and further development; cooperates with the developmental system in the organization; is a people builder. Building Effective Teams: Blends people into teams when needed; creates strong morale and spirit in his/her team; shares wins and successes; fosters open dialogue; lets people finish and be responsible for their work; defines success in terms of the whole team; creates a feeling of belonging in the team. Conflict Management: Steps up to conflicts, seeing them as opportunities; reads situations quickly, good at focused listening; can hammer out tough agreements and settle disputes equitably; can find common ground and get cooperation with minimum noise. Organizational Agility: Knowledgeable about how organizations work; knows how to get things done both through formal channels and the informal network; understands the origin and reasoning behind key policies, practices, and procedures; understands the cultures of organizations. Dealing with Ambiguity: Can effectively cope with change; can shift gears comfortably; can decide and act without having the total picture; isn't upset when things are up in the air; doesn't have to finish things before moving on; can comfortably handle risk and uncertainty. Innovation Management: Is good at bringing the creative ideas of others to market; has good judgment about which creative ideas and suggestions will work; has a sense about managing the creative process of others; can facilitate effective brainstorming; can project how potential ideas may play out in the marketplace. Diversity, Equity, Inclusion & Belonging RiverStone Resources, LLC is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, LGBTQ+, national origin, gender identity, disability, protected veteran status, or any other characteristic protected by law.

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