Senior Accountant, Reinsurance

Lemonade, Inc.; United States; Remote; USD 95,000 - 113,000; Full time

Job summary

An innovative and customer-centric tech company is seeking a Senior Accountant to enhance its reinsurance processes. This role involves driving automation and transparency in reinsurance accounting and reporting. You will be responsible for global reinsurance reporting, ensuring compliance with SOX guidelines, and collaborating with auditors. The company prides itself on its startup-like culture, emphasizing innovation and efficiency. If you're passionate about making a meaningful impact in the insurance industry and thrive in a fast-paced environment, this opportunity is perfect for you.

Benefits

Equity in the form of RSUs

Access to healthcare benefits

401(k) plan with company match

Robust PTO

Parental leave

Qualifications

• 4+ years of experience in P&C reinsurance accounting.
• Strong knowledge of US GAAP and US Statutory accounting.
• Ability to manage multiple responsibilities and deadlines.

Responsibilities

• Prepare monthly reinsurance calculations and journal entries.
• Reconcile reinsurance balance sheet accounts in compliance with SOX.
• Work closely with auditors to ensure compliance.

Skills

P&C reinsurance accounting

US GAAP

Project management

Stakeholder management

System implementation

Education

Bachelor's Degree in Accounting

CPA

Tools

Workday ERP

Job description

Remote, United States | Finance | Full-time

Not your everyday company

Lemonade completely reinvented how insurance works. As a customer-centric tech company, we created an insurance experience that is smart, instant, and delightful.

At Lemonade, you’ll be working with a group of like-minded makers, who get a kick out of moving fast and delivering great products. We surround ourselves with some of the smartest, most motivated, creative people who are filled with positive energy and good karma.

Unlike most publicly traded companies, we’re nimble and efficient. We take pride in the fact that we still think and operate like a startup. We don’t care much about titles and hierarchy and instead focus on innovation, bold moves, and challenging the status quo.

We’re built as a lean, data-driven organization that relies on a common understating of objectives and goals to provide teams with autonomy and ownership. We don’t like spending our days in meetings and we skip committees altogether. At Lemonade, there’s no such thing as going over someone’s head. We have zero tolerance for bureaucracy, office politics, and lean-back personalities.

As a Public Benefit Corporation and a certified B-Corp, we deliver environmental and social impact using our products and tech. Through our Giveback program, we partner with organizations such as the ACLU, New Story, The Humane Society, Malala Fund, American Red Cross, 360.org, charity: water, and dozens of others, and have donated millions towards reforestation, education, animal rights, LGBTQ+ causes, access to water, and more.

Awarded ‘best workplace’

Best Workplace and Best-Led Company by Inc.Magazine

“World Changing” by FastCompany

Recognized as a World Changing Idea by Fast CompanyMagazine

Ranked #1 Home insurance inAmerica

Won best renters and homeowners insurance in America by US News, andothers

Best Pet Insurance inAmerica

Rated “Best Overall Pet Insurance” by Better Homes &Gardens

Rated 4.9 on the AppStore

Among the highest rated apps of alltime

What you’re applying for

We’re looking for an experienced Senior Accountant to help us strengthen our reinsurance process.

You’ll be driving automation, transparency, and greater efficiency within the company’s reinsurance accounting and reporting. Global reinsurance reporting will be your responsibility—from day-to-day accounting to supporting infrastructure and system solutions to help us scale.

In this role you’ll

Prepare monthly assumed and ceded reinsurance calculations and record journal entries

Prepare monthly contingent commission calculations and journal entries

Ensure reinsurance bordereaux preparation and reporting are processed accurately and timely

Develop the assumed and ceded analytics to ensure significant monthly fluctuations are properly addressed

Reconcile reinsurance balance sheet accounts in compliance with SOX guidelines

Prepare reinsurance disclosures for 10-Q/K and other US and EU regulatory reporting

Work closely with auditors and other stakeholders to ensure compliance and address any issues or concerns

Manage cash settlement with cedents and reinsurers (through intermediaries)

Perform quarterly Current Expected Credit Loss (CECL) analysis as it relates to our reinsurance program

Monitor collateral needs including funds held and LOC’s

Analyze reinsurance agreements for risk transfer and proper accounting treatment

Provide input on reinsurance structure and modeling

Maintain and develop documentation for processes, operating controls and SOX controls

What you’ll need

4+ years of experience with P&C reinsurance accounting (preferably for a global company)

Bachelor's Degree in Accounting or Finance

Knowledge of US GAAP and US Statutory accounting

Knowledge of IFRS, a plus

CPA, preferred

Workday ERP system experience, preferred

Ability to develop strong partnerships with key stakeholders both internally and externally

Project management skills and adept at juggling multiple responsibilities and deadlines

Experience in implementing system solution, an advantage

Ability to work remotely

Enthusiasm about learning and adapting to the exciting world of AI – a commitment to exploring this field is a fundamental part of our culture

Please note that we are unable to sponsor applicants for work visas.

Unfortunately, we cannot consider applicants from these states; Colorado, California, Montana, Hawaii, New Mexico and Puerto Rico.

The starting base range for this position is between $95,000 and $112,500 per year. Base pay is one component of Lemonade's total compensation package, which will also include equity in the form of RSUs, access to healthcare benefits, 401(k) plan with company match, robust PTO, parental leave, and more.

Things to know…

Lemonade is an equal opportunity employer committed to diversity and inclusivity. We never discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or other legally protected status. If you require reasonable accommodations due to religious beliefs, pregnancy, or disabilities, let us know at any time.

Property and casualty insurance is provided by Lemonade Insurance Company (LIC), 5 Crosby St., 3rd floor, New York, NY 10013 or Metromile Insurance Company (MIC), 3080 N. Civic Center Plaza, Scottsdale, AZ 85251. Life Insurance provided by North American Company for Life and Health Insurance, Administrative Office, One Sammons Plaza, Sioux Falls, SD 57193.

Lemonade Insurance Agency, LLC (LIA) and Metromile Insurance Services LLC (MIS) are licensed insurance agents and appointed by LIC and MIC and both LIA and MIS receive compensation based on the premiums for the insurance policies each sells. Further information is available upon request.

Lemonade Life Insurance Agency, LLC (LLIA) is acting as the agent of North American Company for Life and Health Insurance (policy form LS181 and LS 182 or state version including all applicable endorsements and riders). LLIA receives compensation for the insurance policies it sells and is a sub-producer of Bestow Agency, LLC. Life insurance quotes are provided by Bestow Agency, LLC dba Bestow Insurance Services in CA, who is the licensed agent. Products or issue ages may not be available in all jurisdictions. Limitations or restrictions may apply. Not available in New York. Our application asks about your lifestyle and health; your answers allow us to save you time and avoid offline medical exams.