Lemonade, Inc.
Senior Accountant, Reinsurance
Lemonade, Inc., New York, NY
Not your everyday company
Lemonade completely reinvented how insurance works. As a customer-centric tech company, we created an insurance experience that is smart, instant, and delightful.
At Lemonade, you'll be working with a group of like-minded makers, who get a kick out of moving fast and delivering great products. We surround ourselves with some of the smartest, most motivated, creative people who are filled with positive energy and good karma.
Unlike most publicly traded companies, we're nimble and efficient. We take pride in the fact that we still think and operate like a startup. We don't care much about titles and hierarchy and instead focus on innovation, bold moves, and challenging the status quo.
We're built as a lean, data-driven organization that relies on a common understating of objectives and goals to provide teams with autonomy and ownership. We don't like spending our days in meetings and we skip committees altogether. At Lemonade, there's no such thing as going over someone's head. We have zero tolerance for bureaucracy, office politics, and lean-back personalities.
As a Public Benefit Corporation and a certified B-Corp, we deliver environmental and social impact using our products and tech. Through our Giveback program, we partner with organizations such as the ACLU, New Story, The Humane Society, Malala Fund, American Red Cross, 360.org, charity: water, and dozens of others, and have donated millions towards reforestation, education, animal rights, LGBTQ+ causes, access to water, and more.
Awarded 'best workplace'
Best Workplace and Best-Led Company by Inc. Magazine
"World Changing" by Fast Company
Recognized as a World Changing Idea by Fast Company Magazine
Ranked #1 Home insurance in America
Won best renters and homeowners insurance in America by US News, and others
Best Pet Insurance in America
Rated "Best Overall Pet Insurance" by Better Homes & Gardens
Rated 4.9 on the App Store
Among the highest rated apps of all time
What you're applying for
We're looking for an experienced Senior Accountant to help us strengthen our reinsurance process.
You'll be driving automation, transparency, and greater efficiency within the company's reinsurance accounting and reporting. Global reinsurance reporting will be your responsibility-from day-to-day accounting to supporting infrastructure and system solutions to help us scale.
Do you live outside a commutable range of NYC, but still think you're a perfect match for this role? If so, please don't hesitate to apply.
In this role you'll
What you'll need
The starting base range for this position is between $95,000 and $103,000 per year. Base pay is one component of Lemonade's total compensation package, which will also include equity in the form of RSUs, access to healthcare benefits, 401(k) plan with company match, robust PTO, parental leave, and more.
Things to know...
Lemonade is an equal opportunity employer committed to diversity and inclusivity. We never discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or other legally protected status. If you require reasonable accommodations due to religious beliefs, pregnancy, or disabilities, let us know at any time.
Lemonade completely reinvented how insurance works. As a customer-centric tech company, we created an insurance experience that is smart, instant, and delightful.
At Lemonade, you'll be working with a group of like-minded makers, who get a kick out of moving fast and delivering great products. We surround ourselves with some of the smartest, most motivated, creative people who are filled with positive energy and good karma.
Unlike most publicly traded companies, we're nimble and efficient. We take pride in the fact that we still think and operate like a startup. We don't care much about titles and hierarchy and instead focus on innovation, bold moves, and challenging the status quo.
We're built as a lean, data-driven organization that relies on a common understating of objectives and goals to provide teams with autonomy and ownership. We don't like spending our days in meetings and we skip committees altogether. At Lemonade, there's no such thing as going over someone's head. We have zero tolerance for bureaucracy, office politics, and lean-back personalities.
As a Public Benefit Corporation and a certified B-Corp, we deliver environmental and social impact using our products and tech. Through our Giveback program, we partner with organizations such as the ACLU, New Story, The Humane Society, Malala Fund, American Red Cross, 360.org, charity: water, and dozens of others, and have donated millions towards reforestation, education, animal rights, LGBTQ+ causes, access to water, and more.
Awarded 'best workplace'
Best Workplace and Best-Led Company by Inc. Magazine
"World Changing" by Fast Company
Recognized as a World Changing Idea by Fast Company Magazine
Ranked #1 Home insurance in America
Won best renters and homeowners insurance in America by US News, and others
Best Pet Insurance in America
Rated "Best Overall Pet Insurance" by Better Homes & Gardens
Rated 4.9 on the App Store
Among the highest rated apps of all time
What you're applying for
We're looking for an experienced Senior Accountant to help us strengthen our reinsurance process.
You'll be driving automation, transparency, and greater efficiency within the company's reinsurance accounting and reporting. Global reinsurance reporting will be your responsibility-from day-to-day accounting to supporting infrastructure and system solutions to help us scale.
Do you live outside a commutable range of NYC, but still think you're a perfect match for this role? If so, please don't hesitate to apply.
In this role you'll
- Prepare monthly assumed and ceded reinsurance calculations and record journal entries as part of month-end close process
- Reconcile reinsurance balance sheet accounts in compliance with SOX guidelines
- Prepare reinsurance disclosures for 10-Q/K and other US and EU regulatory reporting
- Prepare reinsurance reporting (bordereau)
- Manage cash settlement with cedents and reinsurers (through intermediaries)
- Perform quarterly Current Expected Credit Loss (CECL) analysis as it relates to our reinsurance program
- Monitor collateral needs including funds held and LOC's
- Analyze reinsurance agreements for risk transfer and proper accounting treatment
- Provide input on reinsurance structure and modeling
What you'll need
- B.S. in Accounting or Finance
- 4+ years of experience with P&C reinsurance accounting (preferably for a global company)
- Knowledge of US GAAP and US Statutory accounting (knowledge of IFRS is a bonus)
- CPA preferred
- Workday ERP system experience preferred
- Ability to develop strong partnerships with key stakeholders both internally and externally
- Project management skills and adept at juggling multiple responsibilities and deadlines
- Superior Excel skills
- Experience in implementing system solutions is an advantage
- Ability to work in an office environment 2-3 days per week
The starting base range for this position is between $95,000 and $103,000 per year. Base pay is one component of Lemonade's total compensation package, which will also include equity in the form of RSUs, access to healthcare benefits, 401(k) plan with company match, robust PTO, parental leave, and more.
Things to know...
Lemonade is an equal opportunity employer committed to diversity and inclusivity. We never discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or other legally protected status. If you require reasonable accommodations due to religious beliefs, pregnancy, or disabilities, let us know at any time.