Finance Director - Insurance Carrier Startup

Ledgebrook Insurance, LLC.; United States; Vor Ort; USD 200.000 - 300.000; Vollzeit

Zusammenfassung

Ledgebrook Insurance, LLC is seeking a Director of Finance to build Stonehaven Specialty Insurance Company’s finance and accounting infrastructure from the ground up. The role reports to the Chief Operating Officer and collaborates with the Operations and Claims teams and Ledgebrook’s parent finance group.

You will establish the chart of accounts, month-end close, and STAT/GAAP reporting, own bordereaux-driven accounting, reinsurance economics, and fronting-fee revenue, while ensuring NAIC

Qualifikationen

• 10+ years in P&C insurance finance/accounting with STAT and GAAP dual-basis reporting.
• Direct experience with reinsurance accounting (ceded premium, recoverables, Schedule F).
• Background in Delegated Underwriting Authority programs, whether at a program administrator or on the carrier side.
• Experience standing up finance infrastructure at a new or early-stage carrier.
• CPA with P&C statutory accounting expertise.

Aufgaben

• Establish the chart of accounts, GL, and month-end close process aligned to NAIC Annual Statement from inception.
• Participate in due diligence on prospective MGA and program partners, assessing financial strength, premium handling and trust account practices, and the quality of their bordereaux and financial reporting.
• Review and approve incoming MGA and TPA bordereaux jointly with the Stonehaven Operations and Claims team before Shared Services posts them to the ledger.
• Own the integrity of financial data flowing between Stonehaven and its MGA, TPA and reinsurance partners, with transaction processing (GL entries, AR/AP, cash and bank reconciliations) performed by Shared Services under this role’s oversight.
• Ensure statutory (STAT) accounting and reporting are accurate, timely and compliant with NAIC requirements.
• Own bordereaux-driven premium and loss accounting, reconciled to cash, ledger, and cessions with support from operations and technology resources.
• Own reinsurance accounting: ceding commissions, recoverables, funds withheld, Schedule F, risk-transfer testing support.
• Own fronting-fee revenue recognition and per-program economics reporting.
• Establish capital-management practices reflecting reinsurance credit risk and the claims-pay-then-recover liquidity buffer; maintain the cash-flow model.
• Support the Reserve Committee, the Audit Committee and the ORSA process.

Kenntnisse

P&C Insurance Finance

STAT and GAAP reporting

Reinsurance accounting

MGA/TPA finance

Delegated Underwriting Authority

Ausbildung

CPA certification

Jobbeschreibung

Ledgebrook Insurance, LLC is seeking a Director of Finance to build Stonehaven Specialty Insurance Company’s finance and accounting infrastructure from the ground up. The role reports to the Chief Operating Officer and collaborates with the Operations and Claims teams and Ledgebrook’s parent finance group.

You will establish the chart of accounts, month-end close, and STAT/GAAP reporting, own bordereaux-driven accounting, reinsurance economics, and fronting-fee revenue, while ensuring NAIC