At Dow, we believe in putting people first and we’re passionate about delivering integrity, respect and safety to our customers, our employees and the planet.  

 

Our people are at the heart of our solutions. They reflect the communities we live in and the world where we do business. Their diversity is our strength. We’re a community of relentless problem solvers that offers the daily opportunity to contribute with your perspective, transform industries and shape the future. Our purpose is simple - to deliver a sustainable future for the world through science and collaboration. If you’re looking for a challenge and meaningful role, you’re in the right place. 

About you and this role

Dow’s Finance organization has an opening for a Vice President & Controller of the Consolidated Insurance Subsidiaries, located at the company’s world headquarters in Midland, Michigan.

As the Vice President & Controller of the Consolidated Insurance Subsidiaries you will lead a team of professionals to report and advise on financial matters, manage financial operations, and record and report the financial results of the Company’s insurance subsidiaries. You will report to the Global Director of Insurance, Portfolio Investments, Venture Capital & EWRM.  The Dow insurance subsidiaries work closely with Dow Corporate Risk Management to help finance the Company’s fortuitous risks in addition to participating in the reinsurance markets.  They are domiciled in multiple states and led by Dorinco Reinsurance Company holding an AM Best “A” rating with over $1.7B of admitted assets. This is an excellent opportunity to apply your significant leadership, accounting, and corporate finance experience to ensure the success of the company.

Ideal candidates will have substantive experience in the insurance industry with deep experience in Financial Reporting and Financial Statement preparation.  Ideal candidates will also have an outstanding track record of performance in several other processes which allows a deeper understanding of the company’s consolidated structure, reporting lines, business segments, corporate and regional liquidity management and the multi-faceted effects of transacting in a global economy.

Successful candidates for this position should possess an innate passion for people leadership, financial reporting and analysis. You should be naturally curious, committed to continuous learning, have strong analytical skills, possess excellent business judgement, enjoy complex topics, and can articulate complex concepts simply and quickly. Additionally, you should be resourceful and able to make rational decisions quickly, have a strong bias for action, and be forward-thinking with a sense of urgency. The ideal candidate should excel in project management and be detail-oriented. A positive proactive attitude and the ability to work collaboratively as part of a team are also essential qualities for success.

Responsibilities

In alignment with the vision of the Global Director of Insurance, lead a team of professionals in the following types of activities: 

Financial Reporting: Lead accounting function and its preparation of regular reporting of US GAAP and Statutory Accounting financial statements.

Ensure the timely completion of monthly, quarterly and annual accounting close cycles for all insurance related financial results and their submission to management, the parent Company and regulatory bodies and attest to their accuracy.Interpret regulations, provide technical accounting guidance and ensure accounting policies / procedures are in accordance with US GAAP and Statutory reporting standards.Ensure the team evaluates emerging changes in the regulatory environment and accounting standards, and use in depth experience to predict their impact, preparing the team for optimal adoption and implementation.Establish, monitor, enforce and attest to the effectiveness of internal controls, including controls over the financial integrity of the insurance software system.

Strategic Planning & Advisory: Lead and collaborate among the teams to:

Prepare, monitor and deliver budgets and financial forecasts of cash flows, earnings, and balance sheet measures to senior management.Interpret, prepare and present various measures of financial results to senior management, investment committees and insurance subsidiary boards.Advise on matters related to financial strength, profitability, appropriate levels of reserves, capital adequacy, surpluses, and metrics used by ratings agencies.Prepare and submit reports for review by credit rating agencies and review results of assessments for reasonableness.

Insurance Subsidiary Financial Operations and Compliance:

Lead the Insurance subsidiary accounting operations activities, including all accounts receivable/payable and insurance / reinsurance settlements.Ensure compliance of Insurance operations with federal, state, and local legal requirements.Ensure compliance with regulatory rules applicable to Board requirements.Monitor requirements and ensure the team timely prepares and submits various regulatory reports, assessments / fees, transaction taxes, and license applications / renewals.Manage the insurance subsidiary software systems.Oversee and facilitate the Annual Audit of Financial Statements by external auditing firms and the Periodic Audit of Financial Statements by state regulators for each insurance subsidiary.Assist with the engagement of the independent actuary for the statement of actuarial opinion.

Leadership:

Provide oversight of Insurance related activities by serving as Board Member/Director and Officer of 5 Insurance Subsidiaries.Collaborate with other members of the Finance team to align department strategy / direction with the overall goals of the company.Actively lead, develop, mentor, teach and train each member of the team, in all aspects of Insurance related accounting and financial analysis, finding opportunities to provide them appropriate exposure, and be seen as a role-model for all employees.Proactively evaluate Insurance practices for continuous improvement, and when opportunities arise, direct optimal solutions in infrastructure and procedures.Ensure the Insurance Team operates in complete compliance with all laws, regulations, delegations, controls, policies, and procedures.

Qualifications

A minimum of a bachelor’s degree or relevant military experience at or above a U.S. E6 or Canadian Petty Officer 2nd Class or Sergeant ranking.A minimum of 10 years of total experience with a focus in financial accounting and reporting positions, and/or other relevant experience.A minimum requirement for this U.S. based position is the ability to work legally in the United States.  No visa sponsorship/support is available for this position, including for any type of U.S. permanent residency (green card) process.

Your Skills

CPA designation strongly preferred.A degree discipline in accounting, finance, business, or a related field.Master’s degree (MBA with a finance focus) is desirable.Financial Accounting - In depth understanding of accounting principles and financial statement interpretation, investment valuation and accounting, business/financial law, strong knowledge of internal control requirements and related policies and procedures.Systems Oriented - Proficient as a user of computer software in addition to Microsoft Office, SAP, Business Objects, and Access database.Communication - Strong written and verbal communication skills and negotiation skills.Project Management - Demonstrated track record of successful project management.

Additional notes

Domestic relocation assistance is available for this role and may be provided based on eligibility.

Benefits – What Dow offers you 

We invest in you. 
 

Dow invests in total rewards programs to help you manage all aspects of you: your pay, your health, your life, your future, and your career. You bring your background, talent, and perspective to work every day. Dow rewards that commitment by investing in your total wellbeing.  

Here are just a few highlights of what you would be offered as a Dow employee: 

Equitable and market-competitive base pay and bonus opportunity across our global markets, along with locally relevant incentives. Benefits and programs to support your physical, mental, financial, and social well-being, to help you get the care you need...when you need it. Competitive retirement program that may include company-provided benefits, savings opportunities, financial planning, and educational resources to help you achieve your long term financial-goals. Employee stock purchase programs (availability varies depending on location).Student Debt Retirement Savings Match Program (U.S. only).Dow will take the value of monthly student debt payments and apply them as if they are contributions to the Employees’ Savings Plan (401(k)), helping employees reach the Company match.Robust medical and life insurance packages that offer a variety of coverage options to meet your individual needs. Travel insurance is also available in certain countries/locations.Opportunities to learn and grow through training and mentoring, work experiences, community involvement and team building. Workplace culture empowering role-based flexibility to maximize personal productivity and balance personal needs. Competitive yearly vacation allowance.Paid time off for new parents (birthing and non-birthing, including adoptive and foster parents).  Paid time off to care for family members who are sick or injured.  Paid time off to support volunteering and Employee Resource Group’s (ERG) participation. Wellbeing Portal for all Dow employees, our one-stop shop to promote wellbeing, empowering employees to take ownership of their entire wellbeing journey.On-site fitness facilities to help stay healthy and active (availability varies depending on location).Employee discounts for online shopping, cinema tickets, gym memberships and more.Additionally, some of our locations might offer:Transportation allowance (availability varies depending on location)Meal subsidiaries/vouchers (availability varies depending on location)Carbon-neutral transportation incentives e.g. bike to work (availability varies depending on location)

Join our team, we can make a difference together.

About Dow

Dow (NYSE: DOW) is one of the world’s leading materials science companies, serving customers in high-growth markets such as packaging, infrastructure, mobility and consumer applications. Our global breadth, asset integration and scale, focused innovation, leading business positions and commitment to sustainability enable us to achieve profitable growth and help deliver a sustainable future. We operate manufacturing sites in 31 countries and employ approximately 35,900 people. Dow delivered sales of approximately $45 billion in 2023. References to Dow or the Company mean Dow Inc. and its subsidiaries. ​​​​Learn more about us and our ambition to be the most innovative, customer-centric, inclusive and sustainable materials science company in the world by visiting www.dow.com.

As part of our dedication to the diversity of our workforce, Dow is committed to equal opportunities in employment.  We encourage every employee to bring their whole self to work each day to not only deliver more value, but also have a more fulfilling career. Further information regarding Dow's equal opportunities is available on www.dow.com.

Dow is an Equal Employment Opportunity employer and is committed to providing opportunities without regard for race, color, religion, sex, including pregnancy, sexual orientation, or gender identity, national origin, age, disability and genetic information, including family medical history. We are also committed to providing reasonable accommodations for qualified individuals with disabilities and disabled veterans in our job application procedures. If you need assistance or an accommodation due to a disability, you may call us at 1-833-My Dow HR (833-693-6947) and select option 8.