Director, Statutory Insurance Accounting

At-Bay; New York (NY); On-site; USD 170,000 - 200,000; Full time

Job summary

An established industry player is seeking a Director of Statutory Insurance Accounting to join their Finance team in New York. This role offers a unique opportunity to engage with the financial backbone of the company, impacting strategic financial planning and day-to-day business functions. You will leverage your auditing background and insurance expertise to enhance operational efficiency and process improvement. With a focus on data analysis and collaboration, you will drive meaningful change and support the company’s growth while developing your career in a dynamic environment. If you're passionate about finance and enjoy tackling challenges, this role is perfect for you.

Qualifications

• Strong auditing background with insurance industry expertise.
• Proven track record in applying insurance accounting principles.

Responsibilities

• Assist with monthly accounting close process for insurance entity.
• Own internal and external insurance reporting and variance analysis.

Skills

Auditing

Insurance Accounting

Data Analysis

Process Improvement

Critical Thinking

Education

Bachelor's Degree in Accounting or Finance

CPA or equivalent certification

Tools

Accounting Software

Excel

Job description

Director, Statutory Insurance Accounting

New York, New York, United States

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 department offers a unique opportunity to actively engage with the financial backbone of the Company, impacting day-to-day business functions and strategic financial planning. Being part of the Finance team means developing a deep understanding of financial systems and processes and enhancing your analytical and problem-solving skills. You’ll be part of a dynamic environment where your contributions directly support the Company’s growth and operational efficiency, offering not just a job, but a career with developmental opportunities. This role is perfect for individuals who thrive on challenges, enjoy collaborative work and problem-solving, and seek a career path with clear progression and valuable experience. Whether you’re passionate about data analysis, process optimization or financial reporting, the Finance department is a place where you can make a significant impact and develop your expertise.

We are seeking a highly motivated individual who possesses a strong auditing background and a deep understanding of the insurance industry. The ideal candidate will have a proven track record of applying insurance accounting expertise in dynamic environments, a keen ability to think critically in complex situations, and the ability to maintain a strong internal controls environment.

Key traits for this role include a proactive, roll-up-your-sleeves attitude and a demonstrated focus on process improvement. The candidate should excel in identifying inefficiencies and implementing solutions that enhance operational effectiveness. They should be hands-on, not afraid to dig into the details, and comfortable leading initiatives that drive meaningful change.

Additionally, a successful candidate will have an ability to navigate technical accounting challenges and offer insightful recommendations that align with best practices. The ability to communicate clearly, work collaboratively, and manage multiple priorities in a fast-paced setting will be crucial for success in this role.

Role overview:

As our Director, Statutory Insurance Accounting, you will report into our VP, Controller.

The day-to-day consists of assisting with the monthly accounting close process for the Company’s insurance entity by preparing necessary supporting documents and account reconciliations related to premiums, losses, and reinsurance. You will own internal and external insurance reporting, which includes internal management reporting and variance analysis, quarterly and annual NAIC reporting and reinsurance and carrier reporting. You will be empowered to create an environment of strong internal controls and cross-functional collaboration that focuses on optimizing existing processes to facilitate complete and accurate reporting, with a focus on automation of manual processes. Success in this role will include a demonstrated knowledge of 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 have developed a full understanding of the business, key processes and complexities, and have established relationships across your Finance peers and cross-functional stakeholders.
• You have developed a full understanding of the month-end close process and the key documents prepared by the statutory accounting team to support the consolidated close.
• You have developed a full understanding of the quarterly/annual NAIC reporting process, including the analysis necessary for complete and accurate reporting.
• You have developed a full understanding of the carrier reporting and reinsurance reporting process, including detailed knowledge of our reinsurance arrangements.

By 6 months:

• You have gained the necessary business acumen and detailed company knowledge to lead the variance analysis process for the insurance entity, including working with key internal stakeholders on process improvements.
• You lead the coordination and communication of all key matters related to the insurance entity, including technical insurance accounting issues, statutory reporting and audit coordination, reinsurance and program accounting, and other ad hoc projects (i.e. automation), as needed.
• You have continuously identified process improvement and automation efforts.
• You have actively identified and implemented procedures to strengthen our internal controls environment.
• You have effectively managed outsourced third-party service providers and developed internal processes for outsourced services.
• You have empowered and equipped your team to drive change and established yourself as a coach to your team.

What you’ve already accomplished:

• You have combined your financial audit experience and insurance-industry knowledge to contribute to the success of a dynamic and fast-paced Finance department by rolling up your sleeves, taking ownership of tasks and diving into complex projects with a critical thinking mindset.
• You have used your in-depth knowledge of insurance accounting standards to ensure the accurate and complete recording of accounting transactions and develop adequate accounting processes and documentation.
• You have developed a passion for problem solving and proposing well-thought-out solutions. You use your critical thinking skills to identify opportunities for operational efficiencies and to create streamlined workflows.

Our estimated base pay range for this role is $170,000-$200,000 per year. Base salary is determined by a variety of factors including but not limited to market data, location, internal equitability, domain knowledge, experiences and skills. In general, if the position sparks your interest we encourage you to apply - our team prioritizes talent.

Apply for this job

*

indicates a required field

First Name *

Last Name *

Email *

Phone *

Location (City) *

Resume/CV *

Enter manually

Accepted file types: pdf, doc, docx, txt, rtf

Enter manually

Accepted file types: pdf, doc, docx, txt, rtf

Will you now or in the future require At-Bay to commence or sponsor an immigration case in order to employ you? (for example, H-1B or other employment-based immigration cases) Select...

U.S. Standard Demographic Questions

We invite applicants to share their demographic background. If you choose to complete this survey, your responses may be used to identify areas of improvement in our hiring process.

How would you describe your gender identity? (mark all that apply) Select...

How would you describe your racial/ethnic background? (mark all that apply) Select...

How would you describe your sexual orientation? (mark all that apply) Select...

Do you identify as transgender? Select...

Do you have a disability or chronic condition (physical, visual, auditory, cognitive, mental, emotional, or other) that substantially limits one or more of your major life activities, including mobility, communication (seeing, hearing, speaking), and learning? Select...

Are you a veteran or active member of the United States Armed Forces? Select...