Senior Accountant

Summary

Join Lemonade as a Senior Accountant and strengthen our reinsurance process by driving automation, transparency, and efficiency in global reinsurance reporting. You will be responsible for day-to-day accounting, supporting infrastructure and system solutions, and preparing monthly reinsurance calculations and journal entries. This role requires collaboration with auditors and stakeholders to ensure compliance. You will also manage cash settlements, perform CECL analysis, monitor collateral needs, and analyze reinsurance agreements. The position involves providing input on reinsurance structure and modeling, maintaining documentation, and working remotely. The ideal candidate will have 4+ years of P&C reinsurance accounting experience, a Bachelor's degree in Accounting or Finance, and knowledge of US GAAP and US Statutory accounting.

Requirements

• 4+ years of experience with P&C reinsurance accounting (preferably for a global company)
• Bachelor's Degree in Accounting or Finance
• Knowledge of US GAAP and US Statutory accounting

Responsibilities

• Prepare monthly assumed and ceded reinsurance calculations and record journal entries
• Prepare monthly contingent commission calculations and journal entries
• Ensure reinsurance bordereaux preparation and reporting are processed accurately and timely
• Develop the assumed and ceded analytics to ensure significant monthly fluctuations are properly addressed
• Reconcile reinsurance balance sheet accounts in compliance with SOX guidelines
• Support reinsurance system solution implementation
• Prepare reinsurance disclosures for 10-Q/K and other US and EU regulatory reporting
• Work closely with auditors and other stakeholders to ensure compliance and address any issues or concerns
• 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
• Maintain and develop documentation for processes, operating controls and SOX controls

Preferred Qualifications

• Knowledge of IFRS, a plus
• 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 solution, an advantage
• Ability to work remotely
• Enthusiasm about learning and adapting to the exciting world of AI – a commitment to exploring this field is a fundamental part of our culture

Benefits

• Access to healthcare benefits
• 401(k) plan with company match
• Robust PTO
• Parental leave