Offer summary

Qualifications:

Bachelor’s degree in Accounting, Finance, or a related field; CPA preferred., At least 5 years of accounting experience in the insurance industry., Strong understanding of insurance and reinsurance accounting principles., Proficient with accounting software and systems, with excellent analytical and organizational skills..

Key responsabilities:

Manage daily operations in accounts payable and receivable with accuracy and detail.

Prepare financial statements and reports, ensuring compliance and data integrity.

Conduct reconciliations of accounts while managing multiple priorities and deadlines.

Collaborate with internal audit teams to ensure compliance with financial regulations.

Job description

Are you a detail-oriented accounting professional with a strong background in the insurance sector? Do you thrive in environments that require precision and a solid understanding of accounting principles specific to insurance and reinsurance? If this describes your expertise and career aspirations, then our Senior Accountant position at Understory is the perfect opportunity for you.

We are seeking a Senior Accountant to enhance our financial team, specializing in the insurance industry. Your role will be pivotal in managing our accounts payable (AP) and accounts receivable (AR), executing journal entries, financial consolidation across multiple entities, and ensuring all financial operations align with industry standards and regulatory requirements.

Your main role responsibilities will include:

Managing and overseeing daily operations in accounts payable and receivable with a meticulous, detail-oriented approach—ensuring timely, accurate processing and clear record-keeping.
Preparing accurate and timely financial statements and reports, proactively identifying and resolving discrepancies to maintain strict compliance and data integrity.
Conducting detailed reconciliations of all accounts—demonstrating flexibility in juggling multiple priorities while adhering to rigid deadlines and evolving regulatory standards.
Maintaining and executing comprehensive journal entries and other accounting records, documenting procedures meticulously for transparency and efficient reference.
Leveraging in-depth knowledge of insurance accounting practices, including premium earning and loss recognition, to provide clarity and consistency across all financial documentation.
Assisting with reinsurance accounting and related financial management tasks, problem-solving collaboratively with cross-functional teams when complexities arise.
Collaborating with internal audit teams to ensure compliance with all financial regulations and policies, applying proactive communication and stakeholder management principles.
Participating in financial standards setting and forecast processes, taking ownership of key deliverables and adapting seamlessly to changes in direction or scope.

You're exactly the professional we're looking for if you:

Hold a Bachelor’s degree in Accounting, Finance, or a related field; CPA is preferred.
Have at least 5 years of accounting experience, specifically within the insurance industry, and excel at maintaining accuracy and thoroughness in all tasks.
Demonstrate a strong understanding of insurance and reinsurance accounting principles, balancing stakeholder needs with organizational objectives.
Are proficient with accounting software and systems, and practice clear, consistent documentation to ensure seamless data flow and auditing.
Possess excellent analytical, problem-solving, and organizational skills—staying focused under pressure and resisting overwhelm when managing multiple projects.
Showcase a meticulous attention to detail and a commitment to delivering high-quality results, easily pivoting as priorities shift.
Embrace a fast-paced environment with a sense of urgency, collaborating readily with cross-functional teams and adapting to changes without overreliance on rigid processes.

Compensation includes:

Competitive base salary commensurate with experience.
Comprehensive benefits package including health, dental, vision, and retirement plans.

Join Understory as a Senior Accountant and play a critical role in our financial management, ensuring accuracy, compliance, and operational excellence. Your expertise will be key to our continued success and growth in the insurance sector. We look forward to your contributions and the professional acumen you will bring to our team.

About Understory

Understory is a leading provider of insurance solutions built for the era of climate change. The company's global network of Dot weather stations powers the world's most sophisticated weather risk model. By combining mutualized, optimized risk structures with precision weather technology and modeling, Understory develops affordable, stable property insurance solutions.

Traditional insurance is no longer fit for purpose. Natural catastrophes driven by the volatility of climate change is increasing rates and restricting coverage. Insurance and reinsurance companies are pulling out and leaving 76% of global assets unprotected. Transformation is inevitable, and it's coming to the global insurance market. Understory cracked the code, and our approach is the only way to close this gap.

Comprising a compact yet fiercely dedicated & passionate remote team, Understory is a mission-centric, results-driven start-up that thrives on relentless adaptability and resilience. We cherish accountability and push the limits at breakneck speeds, always backed by the unwavering support of our colleagues. To sustain our drive, we place significant emphasis on work-life harmony, nurturing our families, and fostering our communities.

Understory, headquartered in Madison, Wisconsin, is poised to rewrite the story of insurance. To embark on this exciting journey with us, visit www.understoryweather.com.

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