Reinsurance Accountant

About us:

At-Bay is the world’s first InsurSec provider designed from the ground up to help businesses tackle cyber risk head on. By combining industry-leading insurance with world-class cybersecurity technology, At-Bay offers end-to-end prevention and protection for the digital age. With 98% of cyber insurance claims in the past five years coming from small and mid-size businesses with revenue under $2B, providing an integrated solution to help manage risk is more critical than ever.

At-Bay helps its 35,000+ customers close their security technology and skills gap — all through their cyber insurance policy — making them 5X less likely to be hit with a ransomware attack. As a full-stack insurance company, At-Bay offers multiple lines of specialty insurance, including Cyber, Tech E&O, and Miscellaneous Professional Liability (MPL) policies.

Why you should join our Finance team:

At-Bay’s Finance team is responsible for the complete and accurate financial reporting for a fast-paced and growing company. You’ll be joining a team of accomplished professionals that love to learn and share knowledge. It’s a team that focuses more on building processes from the ground up and tackling bottlenecks through process improvement, rather than building a culture of overtime and burn out.

Our ideal candidate has a strong insurance accounting background and is comfortable rolling up their sleeves to take part in a newly-built statutory insurance department through the month-end close process, quarterly NAIC reporting, statutory audits and process improvement efforts. You must also enjoy building processes and teams that go on to do amazing work! You’ll be surrounded by a team that loves what they do and recognizes the enormous responsibility that they have – to establish the financial infrastructure that helps us scale!

Role overview:

As our Reinsurance Accountant, you’ll report into our Assistant Controller, Statutory Accounting.

The day-to-day consists of management of the monthly reinsurer and carrier reporting process, including the processing of journal entries and account reconciliations for premiums, losses, reinsurance, and statutory adjustments. You’ll own carrier/reinsurance reporting, which includes preparing monthly activity reports submitted to external reinsurers and program carriers and assisting with internal management reporting and variance analysis. You will also assist the statutory accounting team with ad hoc activities related to the month-end close process and external NAIC and statutory filings. You’ll be empowered to create an environment of cross-functional collaboration and strong internal controls that better support our financial reporting process. Success in this role will include a demonstrated knowledge in insurance accounting principles, strong execution of competing priorities and ad hoc projects, and an energetic focus on data analysis and process improvement.

How you’ll make an impact:

By 3 months:

• You’ll fully understand and own our carrier/reinsurance reporting process.
• You’ll prepare monthly reconciliations that provide insight into the monthly carrier/reinsurance reporting activities.
• You’ll understand our business and have established relationships across our Finance team and cross-functional stakeholders.
• You’ll identify areas of improvement in our monthly reporting process and accounting systems.
• You’ll prepare and review internal management reports, including working with key internal stakeholders on variance analysis.

By 6 months:

• You’ll assist in the preparation and filing of quarterly and/or annual regulatory/statutory filings.
• You’ll assist in the coordination and communication with internal and external stakeholders on all key matters related to carrier/reinsurance reporting.
• You’ve continuously identified process improvements and automation efforts.
• You’ve actively implemented procedures to strengthen our internal controls environment.

What you’ve already accomplished

• You’ve owned and developed the carrier/reinsurance reporting process in accordance with statutory accounting principles.
• You’ve developed and delivered strong, structured, and scalable insurance accounting processes and strategy that aligns with overall company goals.
• You’ve assisted in external audits, preparing detailed documentation to support accounting transactions.