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.
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
Support reinsurance system solution implementation
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
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
Superior Excel skills
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.
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