Director of Finance

This is a fully remote position, open to applicants in United States.

📋 Description

• Develop and manage Stonehaven’s finance and accounting framework from inception.

• Set up the chart of accounts, general ledger, and month-end closing procedures in accordance with the NAIC Annual Statement.

• Engage in due diligence for potential MGA and program partners, evaluating their financial stability, premium management, trust account practices, and the quality of bordereaux and financial reporting.

• Review and authorize incoming MGA and TPA bordereaux in collaboration with Stonehaven Operations and Claims prior to their posting to the ledger by Shared Services.

• Ensure the accuracy of financial data exchanged between Stonehaven and its MGA, TPA, and reinsurance partners.

• Supervise transaction processing, including GL entries, accounts receivable/payable, cash, and bank reconciliations done by Shared Services.

• Guarantee that statutory accounting and reporting are precise, timely, and compliant with NAIC regulations.

• Manage bordereaux-driven premium and loss accounting, ensuring reconciliation with cash, ledger, and cessions.

• Handle reinsurance accounting, encompassing ceding commissions, recoverables, funds withheld, Schedule F, and support for risk-transfer testing.

• Oversee fronting-fee revenue recognition and reporting on per-program economics.

• Create capital-management strategies that reflect reinsurance credit risk and the claims-pay-then-recover liquidity buffer; maintain the cash-flow model.

• Assist the Reserve Committee, Audit Committee, and ORSA process.

• Report directly to the Chief Operating Officer and collaborate closely with Stonehaven Operations and Claims as well as Ledgebrook’s parent finance team.

⛳️ Requirements

• Over 10 years of experience in P&C insurance finance/accounting, including dual-basis reporting for STAT and GAAP.

• Direct involvement with reinsurance accounting, particularly with ceded premiums, recoverables, and Schedule F.

• Experience in Delegated Underwriting Authority programs, whether from a program administrator or carrier perspective.

• CPA designation with expertise in P&C statutory accounting is preferred.

• Preferred background in fronting or program-carrier finance.

• Experience in establishing finance infrastructure at new or early-stage carriers is preferred.

• Familiarity with rating-agency relationships, specifically with AM Best BCAR submissions, is preferred.

• Must have authorization to work in the United States without current or future employer-sponsored work authorization.

🏝️ Benefits

• Complete remote flexibility and an asynchronous work environment.

• Unlimited paid time off (PTO) and fully compensated sick leave.

• Extensive health benefits, including medical, dental, and vision coverage, along with HSA and FSA options.

• 401(k) plan.

• Company-funded life insurance.

• Disability coverage.

• Eligibility for equity incentive programs.