Hippo Insurance Bedminster , NJ 07921
Posted 2 months ago
Title: Accounting Manager, Spinnaker
Location: Bedminster, NJ / Austin, TX / Dallas, TX
Reporting To: Corporate Controller, Spinnaker
About Spinnaker:
Spinnaker is a national property and casualty insurance company rated A- VIII by A.M., that is a wholly owned and independently operated subsidiary of Hippo Insurance. With the capability to offer admitted and surplus lines insurance products in 50 states and jurisdictions, Spinnaker partners with program administrators and managing general agents to offer strategic insurance solutions. We target innovative product market leaders across both personal and commercial lines, specialty lines, and traditional and non-standard fronting opportunities.
About You:
We are currently recruiting an Accounting Manager, who will work in a fast-paced cross-functional capacity. You will work closely with the Company's Finance, Underwriting, and Operations teams and be exposed to all facets of an insurance company's operations.
What You'll Do:
Manage the program financial reporting process for Hippo's Insurance-as-a-Service and Hippo Home Insurance Program business segments. Take ownership over the direct and ceded economics for multiple programs
Work collaboratively with cross functional departments to improve financial reporting and provide support to the business
Manage aspects of the GAAP (SEC) and Statutory financial statement close process in accordance with the monthly, quarterly, and year-end close calendar for multiple subsidiaries
Work proactively with financial operations, underwriters, claims, and program administrators to resolve reconciling items in a timely manner
Establish and maintain positive relationships with third parties including program administrators, managing general agents, and third-party vendors
Identify and implement best practices to increase the efficiency and effectiveness of the accounting and financial reporting function
Review and interpret reinsurance contracts (Quota Share, Excess of Loss ("XOL"), facultative) and propose and implement appropriate accounting treatment
Review quarterly and annual GAAP and Statutory financial statements, footnotes, and schedules
Research technical GAAP and Statutory accounting literature, prepare and maintain accounting position memos and policies, and prepare and maintain standard operating procedures
Support external audits and prepare responses to comment letters
Oversee the internal control environment ensuring appropriate design and operating effectiveness
Support implementation and operational procedures related to SOX 404
Assist on special projects and other duties as assigned by management
Must Haves:
Bachelor's degree in accounting or finance
4+ years in finance and accounting roles (public accounting or private)
Expert knowledge of US GAAP accounting principles
Advanced Excel skills and experience with financial reporting systems
Internal controls experience
Nice to Haves:
Property & casualty insurance industry experience
Program insurance or fronting experience
Knowledge of insurance US Statutory accounting principles
Understanding of insurance financial operations (e.g., underwriting, claims, and reinsurance)
Experienced with ceded reinsurance accounting
Experience with NetSuite
SOX experience
Benefits and Perks:
Hippo treats its team members with the same level of dedication and care as we do our customers, which is why we're fortunate to provide all of our Hippos with:
Hippo is an equal opportunity employer, and we are committed to building a team culture that celebrates diversity and inclusion.
Hippo's applicants are considered solely based on their qualifications, without regard to an applicant's disability or need for accommodation. Any Hippo applicant who requires reasonable accommodations during the application process should contact the Hippo's People Team to make the need for an accommodation known.
Hippo Insurance