Turo

Sr. Accountant, Claims & Insurance

California, United States

Turo Logo
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, Insurance, AccountingIndustries

Requirements

Candidates should possess 4+ years of experience in general accounting, preferably with public accounting or audit experience at a senior level, or as a senior accountant in a high-volume corporate environment; a Bachelor’s degree in Accounting, Finance, or Business Administration is required, and a CPA with big 4 audit experience is strongly preferred; experience with NetSuite or other large-scale accounting systems is necessary, along with advanced Microsoft Excel skills, including proficiency in pivot tables and V-lookups, and a proven history of identifying problems and discrepancies through research and analysis.

Responsibilities

As a Senior Accountant, the individual will be responsible for preparing and reviewing journal entries, reconciliations, and variance analysis as part of month-end close procedures for Turo’s claims and insurance activities; they will supervise members of an offshore BPO team, providing training and detailed review to ensure work quality; they will own the claims model for estimating accruals, documenting assumptions, analyzing data trends, and completing checklist procedures; they will partner closely with cross-functional business partners to resolve issues and ensure proper accounting, assessing accounting implications for global insurance renewals; they will develop new processes and identify opportunities to improve the speed, accuracy, and efficiency of the month-end close timeline, including improving working schedules and reconciliations; they will lead critical accounting projects to improve data accuracy for internal and external reporting and provide ongoing support to internal and external audits, including leading process walkthroughs and addressing audit inquiries.

Skills

Accounting
Claims & Insurance
Journal Entries
Reconciliations
Variance Analysis
Month-End Close
Data Analysis
Microsoft Excel
Process Improvement
Team Supervision
Offshore BPO Management
Cross-Functional Collaboration
Problem Solving

Turo

Peer-to-peer car sharing platform for rentals

About Turo

Turo operates in the peer-to-peer car sharing market, allowing private car owners to rent out their vehicles to others. Car owners can list their vehicles on Turo’s platform, where they set their own rental prices and availability. Renters can browse these listings, select a vehicle that meets their needs, and book it for a specific time. Turo facilitates the transaction by providing insurance coverage and customer support, ensuring a smooth experience for both car owners and renters. The company earns revenue by taking a percentage of the rental fee, which aligns its interests with those of its users. Turo stands out from competitors by offering a diverse range of vehicles, including everyday cars, luxury, and specialty options. The goal of Turo is to provide a flexible and cost-effective alternative to traditional car rental services, leveraging the sharing economy to connect car owners with renters.

Key Metrics

San Francisco, CaliforniaHeadquarters
2009Year Founded
$451.3MTotal Funding
POST_IPO_EQUITYCompany Stage
Automotive & Transportation, Consumer GoodsIndustries
1,001-5,000Employees

Risks

Negative incidents involving rented vehicles could damage Turo's reputation.
New competitors like ZEV co-op could capture market share with eco-friendly models.
Market volatility could impact Turo's IPO plans and investor confidence.

Differentiation

Turo offers a wide variety of vehicles, from everyday to luxury models.
The platform provides a cost-effective alternative to traditional car rental services.
Turo's commission-based model aligns its interests with users' successful transactions.

Upsides

Turo's partnership with United Airlines enhances customer acquisition and retention.
Expansion in Australia indicates potential for further international market penetration.
Winning the unitQ Quality Excellence Award highlights Turo's commitment to customer experience.

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