Statutory Accounting Manager, At-Bay
Insurance for the digital age
Be an early applicant
Insurance for the digital age
201-500 employees
Be an early applicant
201-500 employees
Company mission
To help businesses meet digital risk head-on.
Role
Who you are
- You’ve developed and delivered strong, structured, and scalable insurance accounting processes and strategy that aligns with overall company goals
- You’ve managed third-party service providers offering outsourced accounting services
- You’ve owned and developed the month-end close process in accordance with statutory accounting principles
- Our ideal candidate has a strong insurance accounting background and is comfortable rolling up their sleeves to take part in a newly-built statutory insurance department through the month-end close process, quarterly NAIC reporting, statutory audits and process improvement efforts
- You must also enjoy building processes and teams that go on to do amazing work! You’ll be surrounded by a team that loves what they do and recognizes the enormous responsibility that they have – to establish the financial infrastructure that helps us scale!
What the job involves
- As our Statutory Accounting and Reporting Manager, you’ll report into our Head of Statutory Accounting
- The day-to-day consists of management of the monthly accounting close for our insurance legal entity, including the processing of journal entries and account reconciliations for premiums, losses, reinsurance, and statutory adjustments.
- You’ll manage necessary filings, including NAIC filings, statutory annual statement filings, Schedule P and Schedule F filings. You’ll be empowered to create an environment of cross-functional collaboration and strong internal controls that better support our financial reporting process.
- Success in this role will include a demonstrated knowledge in insurance accounting principles, strong execution of competing priorities and ad hoc projects, and an energetic focus on team culture, coaching and professional development
- By 3 months:
- You’ll understand our business and have established relationships across our senior leadership
- You’ll fully understand and own our insurance month-end close process and carrier/reinsurance reporting process
- You’ll identify areas of improvement in our monthly reporting process and accounting systems
- You’ll lead the preparation and filing of quarterly and/or annual regulatory/statutory filings
- You’ll lead the research, reporting and documentation of all statutory technical accounting matters
- By 6 months:
- You’ll prepare and review internal management reports, including working with key internal stakeholders on variance analysis
- You’ll lead coordination and communication with external stakeholders on all key matters, including statutory/regulatory audits, reinsurance audits and miscellaneous projects
- You’ve continuously identified process improvement and automation efforts and established a stronger internal controls environment
Our take
At-Bay offers insurance tailored for the modern era, addressing the growing cyber security threats that businesses encounter today. With the increasing risk of cybercrime, having the right protection is essential. At-Bay has revolutionized the insurance industry by providing solutions that allow businesses to confront digital risks with ease.
Founded in 2016, At-Bay tripled its headcount in recent years and now has offices in New York, Los Angeles, Dallas, Atlanta, Portland, and Chicago. The continuous expansion is not surprising as experts predict the cybersecurity insurance industry will grow to $23B by 2025 as more businesses discover the importance of protecting themselves online.
What makes At-Bay stand out is that its brokers can provide quotes to interested businesses in seconds and will devise modern risk management plans which are paid for in instalments. Its policies can cover up to $10M in limits for commercial businesses and up to $5B for Cyber and Tech E&O coverage. In 2023, At-Bay added an Admitted Cyber Insurance Product for use by small businesses and a Miscellaneous Professional Liability feature, exemplifying it's continued commitment to innovating the insurance sector.
Steph
Company Specialist at Welcome to the Jungle
Insights
47% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Oct 2021
$20m
SERIES D
Jul 2021
$185m
SERIES D
Total funding: $292m
Company benefits
- Medical/private health insurance
- 401k with 4% match or retirement plan
- Hybrid or flexible remote work
- Paid parental leave
- Fitness benefits
- Learning & development
- 20 days paid vacation and 2 floating holidays
- Quarterly wellness days
- Monthly happy hour, team outings & events
- New hire stipend
- 2 free lunches a week and meal budget
- Company retreat
Company values
- Good people: What can we say, we’re all mensches. We are a diverse team of good people—genuine and humble. With care, we tell it like it is, assume good intent and celebrate others
- Drive for impact: To achieve our ambitious mission, we are relentlessly focused on impact. With context, data, and a voracious drive, we take ownership as we pursue the unprecedented
- Act with integrity: We have a great responsibility and we take that seriously. We are honorable and honest, take accountability for our actions and embrace learning along the way
- Better together: At-Bay combines industries and expertise with openness and curiosity. By optimizing for our collective goal and acting in service of others we keep digital risk at bay
Company HQ
Rincon Hill, San Francisco, CA
Articles
Leadership
Rotem Iram
(Co-Founder & CEO)A former McKinsey Consultant who was also a Software Engineer at RAD Data Communication. Served as COO at K2 Intelligence.
Roman Itskovich
(Co-Founder & CRO)Began their career at McKinsey before moving to Bain Capital as a Senior Associate. Was also the VP of Financial Products at Ebury.
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