Root Inc.
1001 - 5000 employees
Founded 2015
💸 Finance
👥 B2C
💰 $200M Post IPO debt on 2024-11
Finance • B2C
Root Inc. is an auto insurance company that uses a mobile app and smartphone sensor telematics to measure driving behavior and price policies primarily based on how safely customers drive. The company offers a "test drive" period to gather driving data, provides in-app quotes, policy management, and claims filing, and sells roadside assistance and other coverages across many U. S. states. Root targets consumer drivers (B2C) seeking usage-based insurance and emphasizes savings for safer drivers.
Reinsurance Accounting Manager
Job not on LinkedIn
🕒 June 16
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Root Inc.
1001 - 5000 employees
Founded 2015
💸 Finance
👥 B2C
💰 $200M Post IPO debt on 2024-11
Finance • B2C
Root Inc. is an auto insurance company that uses a mobile app and smartphone sensor telematics to measure driving behavior and price policies primarily based on how safely customers drive. The company offers a "test drive" period to gather driving data, provides in-app quotes, policy management, and claims filing, and sells roadside assistance and other coverages across many U. S. states. Root targets consumer drivers (B2C) seeking usage-based insurance and emphasizes savings for safer drivers.
📋 Description
• Lead and oversee reinsurance accounting activities including month-end close, journal entries, account analysis, reconciliations, and complex reinsurance transactions. • Own the relationship, preparation, review, and completion of reinsurance reports for brokers, management, reinsurers, auditors, internal cross-functional partners, fronting arrangements, and other stakeholders. • Support accurate and timely GAAP, statutory, SEC, quarterly, and annual financial reporting. • Assist with statutory accounting statements, state filings, and other regulatory reporting requirements related to statistical reporting, reinsurance and insurance accounting. • Develop, maintain, and improve reinsurance accounting procedures, close processes, reconciliation templates, reporting workflows, and control documentation. • Identify, document, and enhance key controls related to reinsurance accounting, reconciliations, statutory reporting, and financial reporting. • Drive process improvements, automation, reconciliation enhancements, and scalable reporting solutions. • Partner cross-functionally to improve data quality, reduce manual effort, strengthen controls, and shorten the close timeline. • Lead, influence, develop, and grow the existing team through clear direction, coaching, training, and performance development. • Navigate ambiguity, coordinate multiple projects simultaneously, accept ownership and accountability, and deliver on commitments. • Support ad hoc accounting, reporting, regulatory, audit, and strategic finance projects as needed.
🎯 Requirements
• 5+ years of relevant accounting and/or finance experience • Bachelor’s degree in accounting or finance • Comprehensive knowledge of P&C insurance industry financials • Strong understanding of GAAP & statutory insurance accounting rules • Prior people leadership or team management experience • Strong analytical, root cause analysis, variance resolution, and problem-solving skills • Proficiency with Microsoft Office products, data analytic tools, and reconciliation systems such as FloQast • AI literacy and comfort using approved AI tools to improve efficiency and quality
🏖️ Benefits
• Flexible work arrangements • Professional development opportunities
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