Controller

July 29

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Counterpart

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Insurance • SaaS • B2B

Counterpart is a company that focuses on providing management liability insurance products tailored for small business owners and insurance brokers. They offer a comprehensive range of insurance products including Directors & Officers Liability, Employment Practices Liability, Fiduciary Liability, and General Liability coverage. Counterpart is recognized for its innovative approach to mitigating risks and delivering value through a user-friendly platform, supporting efficiency and effectiveness in claims management and risk assessment. The company is committed to supporting small businesses in navigating financial risks through custom insights and expert guidance. Counterpart partners with brokers to enhance client experiences and offers API integration for seamless service delivery.

11 - 50 employees

☁️ SaaS

🤝 B2B

📋 Description

• Own the monthly, quarterly, and annual close processes, ensuring accurate and timely GAAP-compliant financial statements. • Manage all aspects of general ledger accounting, including journal entries, account reconciliations, and variance analysis. • Oversee accounts payable, accounts receivable, and cash management processes with particular focus on insurance-specific transactions. • Prepare and review financial statements, management reports, and board packages in partnership with the functional leads. • Lead annual audit processes with external auditors and manage relationships with accounting firms and tax advisors. • Navigate complex insurance accounting standards including SAP (Statutory Accounting Principles) and GAAP reporting requirements. • Manage regulatory filings, including quarterly and annual statements for insurance entities and state insurance departments. • Oversee bordereaux reporting, claims reconciliation, and carrier settlement processes across all reinsurance relationships. • Ensure compliance with insurance regulations across multiple jurisdictions and maintain documentation for regulatory examinations. • Implement controls and processes for premium recognition, loss reserves, and unearned premium calculations. • Design and maintain internal controls, policies, and procedures that scale with business growth and regulatory requirements. • Collaborate with engineering and operations teams to integrate billing, underwriting, and claims systems with accounting workflows. • Establish automated reconciliation processes for high-volume transactions and complex insurance cash flows. • Build reporting infrastructure that provides real-time visibility into financial performance and operational metrics. • Lead the optimization of our ERP system to support insurance operations and growth. • Build and manage a high-performing accounting team, including vendors, contractors, and offshore resources. • Partner with cross-functional teams including underwriting, claims, operations, and data analytics to ensure seamless financial operations. • Establish training programs and documentation to maintain institutional knowledge and operational excellence.

🎯 Requirements

• 7+ years of progressive accounting experience, with at least 3 years in a Controller or senior accounting role. • CPA certification with strong technical accounting knowledge in both GAAP and insurance-specific accounting principles (SAP experience strongly preferred). • Direct experience in the insurance industry, including familiarity with premium accounting, loss reserves, bordereaux reporting, and regulatory filings. • Proven track record implementing and managing ERP systems (NetSuite, QuickBooks, or similar) in high-growth environments. • Experience with insurance billing systems and payment processing platforms, particularly in managing complex cash flows and reconciliations. • Strong knowledge of internal controls, SOX compliance, and audit processes. • Advanced proficiency in Excel/Google Sheets and experience with financial reporting tools and business intelligence platforms. • Experience managing and developing accounting teams, including remote and offshore resources.

🏖️ Benefits

• Stock Options: Every employee is able to participate in the value that they create at Counterpart through our employee stock option plan. • Health, Dental, and Vision Coverage: We care about your health and that of your loved ones. We cover up to 100% of your monthly contributions for health, dental, and vision insurance and up to 80% coverage for family members. • 401(k) Retirement Plan: We value your financial health and offer a 401(k) option to help you save for retirement. • Parental Leave: Birthing parents may take up to 12 weeks of parental leave at 100% of their regular pay following the birth of the employee’s child, and can choose to take an additional 4 unpaid weeks. Non-birthing parents will receive 8 weeks of parental leave at 100% of their regular pay. • Unlimited Vacation: We offer flexible time off, allowing you to take time when you need it. • Work from Anywhere: Counterpart is a fully distributed company, meaning there is no office. We allow employees to work from wherever they do their best work, and invite the team to meet in person a couple times per year. • Home Office Allowance: As a new employee, you will receive a $300 allowance to set up your home office with the necessary equipment and accessories. • Wellness stipend: $100 per month to spend toward an item or service that supports your wellness (i.e. massage or gym membership, meditation app subscription, etc.) • Book stipend: To support your intellectual development, we offer a book stipend that allows you to purchase books, e-books, or educational materials relevant to your role or professional interests. • Professional Development Reimbursement: We provide up to $500 annually for you to invest in relevant courses, workshops, conferences, or certifications that will enhance your skills and expertise. • No working birthdays: Take your birthday off, giving you the opportunity to relax, enjoy your special day, and spend time with loved ones. • Charitable Contribution Matching: For every charitable donation you make, we will match it dollar for dollar, up to a maximum of $150 per year. This allows you to amplify your charitable efforts and support causes close to your heart.