Senior Reinsurance Accountant III at Pie Insurance

United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Insurance, ReinsuranceIndustries

Requirements

Bachelor's Degree in Accounting or Finance required
Minimum of 3-5 years of relevant public accounting and/or industry experience, with a focus on reinsurance accounting and statutory reporting
Proficiency in U.S. GAAP and Statutory accounting and the ability to apply technical accounting knowledge to real-world business transactions
Extremely high level of attention to detail
Thorough and detailed documentation skills
Desire and ability to learn and understand the business and accounting rationale behind specific accounts
Self-starter and self-motivated to work independently and adapt within a fast-paced environment with competing priorities
Must be able to meet deadlines, such as monthly/quarterly/annual accounting close, external audit deadlines, etc
Ability to work effectively with cross-functional team members
Strong written and verbal communication skills
Strong Excel skills and the ability to work with large data sets are highly preferred
Proficiency in Sage Intacct, Workiva, and Google Suite is preferred

Responsibilities

Assist with Quarterly and Annual Statutory Statements (yellow books), including Schedule F
Prepare reinsurance cession statements and coordinate reinsurance settlements with brokers and reinsurers
Assist with monthly/quarterly/annual financial statements information and footnotes
Participate in the monthly accounting close process. Prepare reinsurance ceded and assumed journal entries, reconciliations, and variance analyses in accordance with U.S. GAAP and Statutory accounting and internal company policies. Deliver accurate information on time
Perform account reconciliations related to ceded and assumed reinsurance transactions
Responsible for recording and reconciling NCCI pool activity on a monthly basis
Maintain and improve the workpapers and processes utilized to close specific accounts you will own
Improve existing accounting processes wherever possible, focusing on effective internal controls
Support year-end financial statement audits as well as quarterly reviews
Partner with the Finance team to analyze historical results and improve information quality
Participate in larger projects around (a) automation, (b) system implementation, modification, and integration, and (c) implementation of best practices to drive efficiency in the accounting department
Support other internal teams and external partners with their accounting-related and operational needs
Assist with ad hoc projects and requests as needed

Skills

Statutory Reporting

Reinsurance Accounting

U.S. GAAP

Journal Entries

Account Reconciliations

Financial Statements

NCCI Pool

Variance Analysis

Internal Controls

Audit Support

Pie Insurance

Provides workers' compensation insurance for small businesses

About Pie Insurance

Pie Insurance provides workers' compensation insurance specifically designed for small businesses. This type of insurance helps cover wage replacement and medical benefits for employees who are injured while working. The company utilizes data-driven technology to offer competitive pricing and ensure that clients receive quality coverage. The process for obtaining insurance quotes is quick and user-friendly, taking only three minutes, which is particularly beneficial for small business owners who may not have the time to deal with complicated insurance procedures. Pie Insurance operates in 38 states and Washington, D.C., with plans for further expansion. The company aims to deliver trusted and efficient insurance services, promising potential savings of up to 30% on workers' compensation insurance. Its unique approach lies in leveraging technology to simplify the insurance process, making it easier and more affordable for small businesses.

Washington, District of ColumbiaHeadquarters

2017Year Founded

$603.4MTotal Funding

SERIES_DCompany Stage

Fintech, Financial ServicesIndustries

201-500Employees

Benefits

Competitive cash compensation

Equity

Comprehensive health plans

Generous PTO, including paid sick leave

Future focused 401k match

Generous parental & caregiver leave

Risks

Recent layoffs of 14% of workforce indicate potential financial instability.

Deteriorating funding environment may limit expansion and technology investments.

Increased competition from insurtech companies could pressure Pie to maintain competitive pricing.

Differentiation

Pie Insurance offers A.M. A-rated insurance with a simple online experience.

The company uses data analytics to accurately assess risks and price policies.

Pie Insurance provides quick insurance quotes, taking just three minutes for small businesses.

Upsides

Integration with Ivans Download could enhance operational efficiency and customer service.

Appointment of Audra Foglietta as CFO may drive financial performance and efficiencies.

Partnership with Endeavor Insurance Group could expand market reach and distribution channels.

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