Chief Financial Officer
Listed on 2026-01-18
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Finance & Banking
CFO, Risk Manager/Analyst -
Management
CFO, Risk Manager/Analyst
Chief Financial Officer – Cities & Villages Mutual Insurance Company (Phoenix, AZ; Wauwatosa, WI)
The Chief Financial Officer (CFO) is a strategic financial leader and a key member of CVMIC’s leadership team, expected to actively contribute to shaping the organization’s strategy. The position is responsible for the overall financial management and integrity of CVMIC's supporting lines of coverage, including workers’ compensation, auto physical damage, and general liability.
What CVMIC Offers EmployeesOutstanding benefits that include: company‑paid retirement contribution into a SEP Plan (12.1% of salary), company‑paid health insurance monthly premiums, and tuition reimbursement for continuing education. The ability to make a difference to local communities and their employees! Great variety in what you do each day. Flexibility with your schedule. A supportive and collaborative team environment.
Essential Duties & ResponsibilitiesOversees all financial operations, including budgeting, forecasting, and preparation of financial statements, incorporating each line of coverage. Ensures timely and accurate reporting to the Board of Directors, Finance Committee, Office of the Commissioner of Insurance, NAIC, and AGRiP. Coordinates and reviews work with external auditors and actuaries. Serves as the strategic lead person to advise the CEO in planning, developing, and executing both short‑ and long‑term financial strategies.
Assists in investigating, producing, and providing analytical research and data on CVMIC insurance marketplace competitors. Oversees accounting, budgeting, accounts receivable, and accounts payable functions. Leads the regular actuarial review process and assesses the company’s financial position, including trends in net income, surplus levels, and key financial ratios relative to industry benchmarks. Analyzes trends in financial position and operating ratios and provides recommendations to the Finance Committee and Board regarding targeted surplus level, operating ratios, and financial strategies.
Coordinates the preparation and documentation of dividend or premium reduction declarations, including calculation of amounts, timing, and allocation methods in accordance with Board decisions.
Oversees the performance of CVMIC’s investment advisors and participates in the strategic investment approach within the parameters of CVMIC's investment policy. Balances capital preservation with growth and ensures liquidity meets claims obligations. Monitors market conditions and adjusts investment strategies within the parameters of CVMIC’s investment policy in coordination with investment advisors, particularly in response to premium cycles and claims volatility.
Ensures compliance with all relevant state and federal regulations governing insurance pools. Oversees regulatory filings and coordinates with auditors, consultants, actuaries, and rating agencies.
Collaborates with underwriting to evaluate the financial implications of underwriting decisions, ensuring alignment with CVMIC’s risk appetite and financial objectives. Meets regularly with underwriting to review and analyze risk exposures, premium adequacy, and loss trends. Provides financial analysis and projections to support underwriting recommendations. Coordinates with claims teams to monitor claims trends and support accurate reserving. Manages cash flow to ensure timely payment of claims, especially for workers’ compensation, auto physical damage, and general liability.
Analyzes the financial impact of reinsurance costs and coverage changes.
Presents financial results and strategic recommendations to the board, finance committee, and pool members. Prepares materials for board meetings and supports member communications regarding financial matters.
Supervises applicable finance staff and fosters collaboration with CVMIC operational divisions of Member Services (and underwriting), Loss Control, Claims, and IT. Promotes a culture of…
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