Note: The job is a remote job and is open to candidates in USA. Root Inc. is an innovative insurtech company aiming to revolutionize the car insurance industry through technology. The Reinsurance Accountant will be responsible for complex accounting transactions, reconciliations, and statutory reporting, while also identifying and implementing process improvements within the accounting team.
Responsibilities
- Prepares journal entries for a rotating set of processes, including reinsurance and various cash-related items
- Prepares reconciliations for accounts subject to journal entries prepared
- Own several month-end accounting transactions and processes
- Assists in the preparation of quarterly and annual statutory accounting statements
- Assists in the filing of various state filings on an annual basis
- Continually develop, expand, and improve month-end close and financial reporting procedures by assessing and streamlining close-related activities to drive the reduction of the close timeline
- Identify and document Key controls
- Assist in the completion of reinsurance reports for brokers, management, and reinsurers
- Own relationships with third party brokers and reinsurers relating to accounts mentioned above
- Use approved AI tools to accelerate work (research, drafting, data cleanup, summarization, workflow automation)
- Various ad hoc projects as needed
Skills
- 1-4 years of relevant accounting and/or finance experience; exposure to property and casualty insurance accounting and/or reinsurance reporting is a plus
- Bachelor's degree in accounting or finance
- GAAP & statutory insurance accounting knowledge
- Excellent skills with Microsoft Office products and data analytic tools
- AI literacy, comfortable using approved AI tools
- Excellent verbal and written communication skills and an ability to tailor it to a wide range of audiences
- Ability to work effectively with all levels of the organization
- Approaches problems with an open mind and is curious in nature
- Great attention to detail
Company Overview
Root Inc. is disrupting the archaic, trillion-dollar insurance industry. It was founded in 2015, and is headquartered in Bloomington, Indiana, USA, with a workforce of 1001-5000 employees. Its website is https://www.root.com.Company H1B Sponsorship
Root Inc. has a track record of offering H1B sponsorships, with 1 in 2025, 3 in 2023, 11 in 2021, 12 in 2020. Please note that this does not guarantee sponsorship for this specific role.
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