Shepherd Accounting role at Shepherd focused on building accounting processes and running monthly closes. The position requires experience in insurance accounting and public accounting including audit.
Responsibilities
You'll report to our Finance Lead. You'll also partner with underwriting operations, our actuarial team, and engineering, since much of our accounting data starts in our own platform.
Own the monthly close and manage our outsourced accounting firm through it, cutting the close from 30 days to 15, with periods locked once they’re closed
Apply our revenue recognition policies for commission, policy and risk engineering fees, and contingent commission every month
Prepare balance sheet reconciliations, including premium receivable, carrier payable, and fiduciary cash, and tie them to the bordereaux and remittance advice
Accounts receivable / Accounts payable
Reconcile premium remittances received from broker partners and apply each payment to the correct policy and account
Maintain the receivable aging, flag discrepancies and late payments to Customer Experience team, and see them through to resolution
Own vendor AP and Brex card review, including GL coding rules, so spend is coded correctly before close
Treasury, special projects, and etc.
Reconcile every incoming and outgoing transaction in our operating and fiduciary bank accounts so all payments are cleared and accounted for
Set up the accounting for new products and carrier partners, from GL mapping to remittance workflow
Support the Finance Lead on board materials, investor diligence, and carrier and reinsurer reporting requests
Qualification
You’d be a great fit if you have4 to 7 years in accountingSupported a financial statement auditStrong knowledge of US GAAPAn active CPA is a plus
Required
You're a hands-on accountant who likes building the process as much as running it. You have closed the books yourself, you know what an auditor will ask for, and you'd rather fix a reconciliation at the source than patch it every month.
You’d be a great fit if you have:
4 to 7 years in accounting, including time in public accounting (audit preferred) and time in industry running a monthly close
Insurance accounting experience at an MGA/MGU, broker, carrier, or insurtech, including commission revenue, premium receivables, carrier payables, and fiduciary or premium trust accounts
Experience moving a close in house from an outsourced firm, or building a close at a company that hadn't had one
Supported a financial statement audit, including preparing schedules and working through the PBC list
Strong knowledge of US GAAP, especially ASC 606
Comfort working with large data sets in Excel or Google Sheets, and willingness to learn SQL or work with our data team to pull from our platform
