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Accounting Manager, Insurance

Ledger Investing

Ledger Investing

Accounting & Finance
United States
Posted on Friday, April 28, 2023

About Ledger Investing

Ledger Investing is a Y Combinator backed insure-tech startup that is transforming the way insurance risks are financed. Today, Ledger is an online marketplace connecting insurance risk to capital, focusing on securitization. Insurance risk originators are able to source capital more efficiently vs. the traditional value-chain. Capital providers gain access to an asset class that is highly diversified vs. most asset classes. Insurance securitization has quickly grown to be a $100 billion market but is limited in scope due to opacity and complexity. Ledger is expanding this market to $1 trillion by building a seamless data pipeline from the policyholder to the capital markets, enabling transparency, and bringing best-in-class analytics and real-time insights to the table. Our recent $75 million Series B round of investment funding has set us up for exponential growth. We are on our way to disrupting the industry by serving as an unparalleled, advantageous marketplace for virtually all types of insurance risks and capital, including traditional reinsurers, institutional investors, and accredited investors.

What we do:

At Ledger Investing, the platform we are building includes a risk marketplace, an asset management arm, and a broker dealer all built on our data pipeline Ledger Connect. Risk originators, like insurers and brokers, come to us to gain access to the capital markets but stay for Ledger Connect and the platform’s seamless integration and data services. Investors, like pension plans and other institutional investors, get access to an asset class that is completely uncorrelated with traditional financial asset classes.

About the position:

The Senior Reinsurance Accounting Manager position is a great opportunity for an experienced reinsurance accounting manager to gain exposure to all aspects of casualty insurance securitization, asset management, fund finance and operations in a tech-first environment. Unlike traditional finance roles, Ledger uses technology to solve operational data issues. The role will report directly into the Managing Director of Ledger ILS Manager and will be a critical resource working along side the Investment Team and the CIO. This is an opportunity for someone with deep reinsurance accounting experience who wants to build fund operations for a new investment asset class. We are a 100% remote team that is changing the way the market for insurance risk works. Come reimagine the insurance value chain with us!!!

You will:
  • Build and manage a team to perform reconciliation for cedant reinsurance bordereaux
  • Work with Ledger Program Management team to resolve issues related to cedant program performance
  • Work with the offshore Insurance Transformer in setting and implementing Separate Account accounting procedures and producing Separate Account Financials
  • Participate in preparation of fund financial statements for all managed entities and third party capital
  • Assist in the design and implementation of automated reporting to stakeholders
  • Manage third-party vendors for compliance, reinsurance accounting, valuation consultants and auditors
  • Other operational tasks related to fund and reinsurance vehicles including regulatory filings, cash transfers, and account openings
About you:
  • Undergraduate degree in accounting with 5-8 years of prior experience, with minimum of 4 years of experience in reinsurance accounting
  • Attention to detail and an ability to organize work around tight deadlines
  • Strong Excel skills, and a willingness to adopt new technologies
  • Self-starter, with a thirst for learning and a desire to work in a fast paced start-up environment
The following attributes will help you standout from the crowd:
  • Leadership experience in an reinsurance accounting setting
  • Prior fund accounting or operations experience
  • Coding skills or a working knowledge of python

Your Benefits:

  • Competitive salary, bonus potential, and equity compensation
  • Work from anywhere. We’re flexible. Our headquarters is in New York, but this position can be fully remote or hybrid.
  • Uncapped paid time off
  • Paid Holidays
  • 401k
  • Medical, dental, and vision insurance - multiple plans to choose from
  • Company paid Life and AD&D insurance
  • ClassPass - We contribute to your monthly membership offering a large range of providers & services in Fitness and Wellness. Get a massage on us!
  • Up to $5,000 paid by Ledger towards your dream desk setup! Customize what works for you.

For US based positions:

Ledger Investing is an equal opportunity employer and complies with all applicable federal, state, and local fair employment practices laws. We strictly prohibit and do not tolerate discrimination against employees, applicants, or any other covered persons because of race, color, religion, creed, national origin or ancestry, ethnicity, sex, gender (including gender nonconformity and status as a transgender or transsexual individual), sexual orientation, marital status, age, physical or mental disability, citizenship, past, current or prospective service in the uniformed services, predisposing genetic characteristic, domestic violence victim status, arrest records, or any other characteristic protected under applicable federal, state or local law.