Associate Director of Technical Accounting and Financial Reporting, Cover Genius
$145-180k
+ Equity
More information about location
B2B insurance and warranty API
Job no longer available
B2B insurance and warranty API
501-1000 employees
Job no longer available
$145-180k
+ Equity
More information about location
501-1000 employees
Company mission
To protect all the customers of the world’s largest digital companies.
Role
Who you are
- The ideal candidate will have a thorough understanding of complex accounting standards, a proactive approach to managing external reporting requirements, and the ability to drive the adoption of new financial reporting tools and processes
- Seven plus years of progressive experience in public company financial reporting, with a strong emphasis on IFRS and US GAAP standards
- Familiarity and practical experience with the application of IFRS and US GAAP Accounting standards in a tech and/or insurance services environment.
- Extensive experience in preparing financial statements, disclosures, and technical accounting memos, ideally within a global or multi-entity organization
- Prior experience with NetSuite and Workiva is preferredA strong individual contributor capable of operating independently with experience in leading projects end-to-end
- Must be proactive and be able to work well independently and partner with organizational customers
- Thrives on collaboration and operates with a strong internal stakeholder mentality
- Uncanny organizational skills and the ability and drive to solve complex problems every day
- Expert multitasker, self-prioritizer, and project manager
- Strong ability to quickly identify both risks and opportunities while maintaining a strong focus on both process improvements and results
- Integrity, maturity, strength of character, and professionalism
- Ability to efficiently and accurately process high transaction volume tasks
- Able to cope with a dynamic and high change environment
- Takes ownership for responsibilities with a positive attitude
What the job involves
- Reporting to the Senior Director, Global Financial Reporting, the Associate Director, Technical Accounting and Financial Reporting will oversee and manage all aspects of IFRS and US GAAP financial reporting for the group
- This role will be instrumental in leading the implementation of Workiva, serving as the technical accounting expert, preparing financial statement disclosures, and drafting technical accounting memos
- Additionally, this role will own the integration and optimization of NetSuite and Workiva API connections and will lead the drafting process for the consolidated financial statements and footnote disclosures
- Financial Reporting and Compliance:
- Manage the preparation of financial statements, disclosures, and schedules in compliance with IFRS and US GAAP for statutory and external reporting
- Ensure the accuracy and completeness of all financial reports and disclosures, aligning with regulatory requirements and best practices
- Support the accounting teams on the quarterly and annual financial close processes, focusing on timely and compliant reporting
- Technical Accounting Expertise:
- Act as the go-to expert for IFRS and US GAAP accounting issues, providing technical guidance on complex transactions and treatments
- Research, interpret, and implement new accounting standards and ensure the organization’s policies and financial statement disclosures are up-to-date
- Draft and maintain detailed technical accounting memos, explaining the rationale, interpretation of accounting standards and methodology behind key accounting decisions
- Workiva and NetSuite API Ownership:Lead the implementation and optimization of Workiva, ensuring efficient and effective integration with NetSuite
- Oversee the setup, maintenance, and enhancement of NetSuite and Workiva API connections to streamline data flows and reporting accuracy
- Provide guidance and support to the finance team on leveraging these tools to maximize reporting efficiency
- Audit and External Stakeholder Support:
- Coordinate with external auditors during financial audits and reviews, providing technical memos, schedules, and documentation as needed
- Ensure timely responses to audit requests and that all necessary materials and disclosures are provided
- Work closely with FP&A to coordinate responses on questions related to forecasts for impairment analysis, going concern, among others
- Prepare and deliver clear and comprehensive explanations of financial statements and disclosures to auditors and other external stakeholders
Our take
Insurance plans and warranties are staples of a successful digital company, but setting them up is challenging. Businesses must compare and write contracts with insurance providers which require the expensive assistance of legal and financial teams, Add to this the cost of web designers who can embed the service online, and insurance and warranties quickly become unaffordable to smaller businesses.
Cover Genius provides end-to-end APIs called XCover and XClaim for embedding insurance and warranty plans onto online stores, preventing the business from having to compare, arrange and deploy insurance plans themselves. The company's policies are for any business, can be translated into over 40 languages, and are designed to be read easily without unnecessary jargon.
Whilst other insurtech companies offer similar services to Cover Genius, the company has uniquely focused on ensuring its plans are easily readable, translatable, and dynamically priced based on personal requirements. Although the company initially aimed to facilitate insurance and warranty plans for smaller businesses, it also partners with large enterprises such as Ryanair, Amazon, and eBay. In 2024 it secured impressive Series E funding off the back of a year where it achieved 107% year-on-year growth.
Steph
Company Specialist at Welcome to the Jungle
Insights
30% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
May 2024
$80m
SERIES E
Nov 2022
$70m
SERIES D
Total funding: $241.8m
Company benefits
- Flexible Working Conditions
- Employee Stock Options
- Ongoing Learning
- Paid Parental Leave
- Wellness Initiatives
- When From Home When You Want
- Peer Bonuses and Founder Awards Program
- International Working Opportunities
- GC Gives giveback program, led by the team
Company HQ
Midtown South, New York, NY
Leadership
Angus McDonald
(CEO)They were the General Manager of Emerge Digital. Formerly the VP of International Business Development for iClick Interactive Asia Limited.
Chris Bayley
(CIO)They were the former Business Development Manager for Google. Previously an Investor and Executive Director of Software.com from 2009 to 2019.
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