Head of Finance

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

📋 Description

• Act as the financial lead for Nirvana Insurance Services, a commercial insurance MGA.

• Manage monthly, quarterly, and annual FP&A processes, including analysis of budget versus actuals and narratives for board variances.

• Oversee the accounting close process and ensure compliance with ASC 606 for MGA commission income recognition.

• Reconcile commission rates for treaty years.

• Approve funding for the premium trust account and escalate operations related to fronting-carrier remittances.

• Reconcile the economics of the reinsurance program, focusing on quota-share loss ratios and commission adjustments.

• Create a unified source of truth for reinsurance economics.

• Manage agreements with subproducers and agencies, including remittance and commission balances.

• Coordinate audit deliverables for NIS with external auditors.

• Compose financial narratives and board-deck results for NIS.

• Collaborate with leads from Fleet, Business Auto, and Non-Fleet business units.

• Build and lead a small team, which includes an accountant and a finance manager.

⛳️ Requirements

• 8–12 years of practical experience in accounting and finance/FP&A within an operating company.

• Strong attention to detail and a focus on execution.

• Ability to thrive in a high-performance, fast-paced environment.

• Proficient in diving into details, implementing solutions, and quickly iterating.

• Comfortable navigating intricate entity structures and processes.

• Exceptional analytical and problem-solving abilities.

• Excellent communication skills with the capacity to convey complex financial concepts to executives and operators.

• Experience with ASC 606 revenue recognition, preferably in commission-based revenue models.

• Previous experience in fintech is preferred.

• Familiarity with insurance or MGA economics is a plus.

• Prior experience in insurance or financial services is advantageous but not mandatory.

• Must be located in the U.S.

• Capability to meet U.S. work sponsorship requirements.

🏝️ Benefits

• Competitive salary.

• Equity offered to all full-time employees.

• Comprehensive medical, dental, and vision insurance.

• 100% employer-funded healthcare plans.

• 401k plan with company matching.

• Generous 401k matching program.

• Unlimited paid time off (PTO).

• Paid time off for various needs.

• Parental leave policies.

• Wellness reimbursement program.

• Stipend for work-from-home expenses.

• Flexible remote work options.