Senior Manager, Reinsurance Accounting

Porch Group is a leading vertical software and insurance platform and is positioned to be the best partner to help homebuyers move, maintain, and fully protect their homes. We offer differentiated products and services, with homeowners insurance at the center of this relationship. We differentiate and look to win in the massive and growing homeowners insurance opportunity by 1) providing the best services for homebuyers, 2) led by advantaged underwriting in insurance, 3) to protect the whole home.

As a leader in the home services software-as-a-service (“SaaS”) space, we’ve built deep relationships with approximately 30 thousand companies that are key to the home-buying transaction, such as home inspectors, mortgage companies, and title companies.

In 2020, Porch Group rang the Nasdaq bell and began trading under the ticker symbol PRCH. We are looking to build a truly great company and are JUST GETTING STARTED.

Job Title: Senior Manager, Reinsurance Accounting

Location: United States

Workplace Type: Remote
 

Job Summary 

The future is bright for the Porch Group, and we’d love for you to be a part of it as our Senior Manager, Reinsurance Accounting.

The Senior Manager, Reinsurance is a leader in the Accounting department and oversees and manages all aspects of the reinsurance accounting and operations within the insurance division of the Porch Group of companies. This position reports to the Controller of the insurance division at Porch.
 

What You Will Do As A Senior Manager, Reinsurance Accounting

• Reinsurance Accounting Oversight: Manage the end-to-end accounting and control processes for ceded reinsurance programs, ensuring compliance with GAAP and statutory standards. Lead initiatives to streamline and enhance operational efficiency.

• Advanced Technical and Analytical Expertise:
  • Strong Reinsurance Knowledge: Provide expert guidance on complex reinsurance arrangements, such as quota share and excess of loss programs, and assess their operational and accounting impacts.
  • Process Improvement: Drive efficiency through workflow automation and the implementation of advanced tools like Alteryx to optimize accounting processes.
  • Data Analytics: Develop robust analytics and reports to deliver actionable insights into the performance and impact of reinsurance programs.

• Technical Expertise: Serve as the organization’s go-to expert on reinsurance accounting, providing guidance on GAAP and statutory requirements.

• Industry and Operational Knowledge:
  • P&C Insurance Expertise: Apply a comprehensive understanding of property and casualty insurance operations, emphasizing the role of reinsurance in the broader business model.
  • Emerging Trends: Stay abreast of trends such as parametric reinsurance and reciprocal exchanges, leveraging insights to provide strategic advantages.

• Team Leadership: Lead, mentor, and develop a team of 3-4 accounting professionals, fostering a culture of collaboration and continuous improvement.
• Monthly Close Collaboration: Partner with the HOA Accounting team to execute monthly close processes, ensuring accurate reporting and compliance with quarterly and annual Schedule F requirements.
• Strategic Assessment: Collaborate with senior leadership to evaluate the accounting implications of various reinsurance programs, including quota share and catastrophe excess of loss arrangements.
• Reinsurance Workstream Leadership: Drive workstream changes in response to evolving internal programs and organizational structures, such as pending reciprocal exchange entities.
• Cross-Functional Collaboration: Partner with actuarial and FP&A teams to align contract terms with monthly actuals, forecasts, and strategic plans.
• Broker Relationships: Build and maintain effective partnerships with external brokers, ensuring timely and accurate cession statements, payments, and collections.
• Collateral Management: Oversee collateral requirements, including forecasting, and ensure the company’s interests are protected.
• Audit Facilitation: Act as the primary contact for reinsurance matters during internal and external audits.
• Education and Training: Provide reinsurance education to internal stakeholders and lead ad hoc training sessions to enhance organizational understanding of reinsurance programs.
• Special Projects: Lead or support other projects as they arise.

What You Will Bring As A Senior Manager, Reinsurance Accounting

• Bachelor’s degree in Accounting or a related field (required); CPA designation strongly preferred.
• Minimum of 10 years of progressive experience in reinsurance, including at least 3 years in a management role.
• Deep financial acumen with a solid understanding of statutory and GAAP reporting requirements.
• Comprehensive knowledge of property and casualty insurance operations and reinsurance structures.
• Proficiency with systems such as NetSuite, FloQast, and Alteryx is a plus.
• Strong organizational skills, attention to detail, and ability to manage multiple priorities in a fast-paced environment.
• Exceptional analytical, problem-solving, and decision-making abilities.
• Proven ability to mentor and coach team members effectively.
• Strong strategic thinking and communication skills, with the ability to influence stakeholders at all levels.

The application window for this position is anticipated to close in 2 weeks (10 business days) from 01/22/2025. Please know this may change based on business and interviewing needs

At this time, Porch Group does not consider applicants from the following states for remote positions: Alaska, Arkansas, Delaware, Hawaii, Iowa, Maine, Mississippi, Montana, New Hampshire, and West Virginia.

What You Will Get As A Porch Group Team Member 

Pay Range*: $132,000 - $184,800

*Please know your actual pay at Porch will reflect a number of factors among which are your work experience and skillsets, job-related knowledge, alignment with market and our Porch employees, as well as your geographic location.  
 
Additionally, you will be eligible to receive long-term incentive awards, subject to program guidelines and approvals. 
 
You will also be eligible to receive an annual bonus based on individual and company performance, subject to program guidelines and approvals. 

Our benefits package will provide you with comprehensive coverage for your health, life, and financial wellbeing.  

• Our traditional healthcare benefits include three (3) Medical plan options, two (2) Dental plan options, and a Vision plan from which to choose.
• Critical Illness, Hospital Indemnity and Accident plans are offered on a voluntary basis.
• We offer pre-tax savings options including a partially employer funded Health Savings Account and employee Flexible Savings Accounts including healthcare, dependent care, and transportation savings options.
• We provide company paid Basic Life and AD&D, Short and Long-Term Disability benefits. We also offer Voluntary Life and AD&D plans.
• Both traditional and Roth 401(k) plans are available with a discretionary employer match.
• Headspace is part of our employer paid wellbeing program and provides employees and their families access to on demand guided meditation and mindfulness exercises, mental health coaching, clinical care and online access to confidential resources including will preparation.
• Brio Health is another employer paid wellbeing tool that offers quarterly wellness challenges and prizes.
• LifeBalance is a free resource to employees and their families for year-round discounts on things like gym memberships, travel, appliances, movies, pet insurance and more.
• Our wellness programs include flexible paid vacation, company-paid holidays of typically nine per year, paid sick time, paid parental leave, identity theft program, travel assistance, and fitness and other discounts programs.

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What’s next?

Submit your application and our Porch Group Talent Acquisition team will be reviewing your application shortly! If your resume gets us intrigued, we will look to connect with you for a chat to learn more about your background, and then possibly invite you to have virtual interviews. What's important to call out is that we want to make sure not only that you're the right person for us, but also that we're the right next step for you, so come prepared with all the questions you have!

Porch is committed to building an inclusive culture of belonging that not only embraces the diversity of our people but also reflects the diversity of the communities in which we work and the customers we serve. We know that the happiest and highest performing teams include people with diverse perspectives that encourage new ways of solving problems, so we strive to attract and develop talent from all backgrounds and create workplaces where everyone feels seen, heard and empowered to bring their full, authentic selves to work.

Porch is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected veteran status, or any other characteristic protected by applicable laws, regulations, and ordinances.

Porch Group is an E-Verify employer. E-Verify is a web-based system that allows an employer to determine an employee's eligibility to work in the US using information reported on an employee's Form I-9. The E-Verify system confirms eligibility with both the Social Security Administration (SSA) and Department of Homeland Security (DHS). For more information, please go to the USCIS E-Verify website.