Statutory Accounting Manager

About us:

At-Bay is the world’s first InsurSec provider designed from the ground up to help businesses tackle cyber risk head on. By combining industry-leading insurance with world-class cybersecurity technology, At-Bay offers end-to-end prevention and protection for the digital age. With 98% of cyber insurance claims in the past five years coming from small and mid-size businesses with revenue under $2B, providing an integrated solution to help manage risk is more critical than ever.

At-Bay helps its 35,000+ customers close their security technology and skills gap — all through their cyber insurance policy — making them 5X less likely to be hit with a ransomware attack. As a full-stack insurance company, At-Bay offers multiple lines of specialty insurance, including Cyber, Tech E&O, and Miscellaneous Professional Liability (MPL) policies.

Why you should join our Finance team:

At-Bay’s Finance team is responsible for the complete and accurate financial reporting for a fast-paced and growing company. You’ll be joining a team of accomplished professionals that love to learn and share knowledge. It’s a team that focuses more on building processes from the ground up and tackling bottlenecks through process improvement, rather than building a culture of overtime and burn out. 

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!

Role overview:

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.

How you’ll make an impact:

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.

What you’ve already accomplished 

• 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.