Senior Manager, Reinsurance Accounting at MGT Insurance

Madison, Wisconsin, United States -

Full Time

Start Date

Immediate

Expiry Date

19 Jan, 26

Salary

165000.0

Posted On

21 Oct, 25

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Reinsurance Accounting, GAAP Reporting, Statutory Reporting, Leadership, Analytical Skills, Communication Skills, Data Management, Process Improvement, Financial Controls, Accounting Software, Problem Solving, Attention to Detail, Team Building, Collaboration, Tax Compliance, Financial Reporting

Industry

Insurance

Description

About MGT Insurance MGT is the first AI-driven, neo-insurer focused on evolving commercial P&C insurance for the brokers and small business owners. By combining the expertise of industry veterans with state-of-the-art technology, we are ushering in the next evolution of commercial insurance and working to move the industry forward through the use of modern technology, better processes, and a rock-star team. We seek visionary leaders who thrive in dynamic, entrepreneurial settings, and excel in autonomous roles. About the Role We’re hiring a Senior Insurance Accountant to own premium, loss, premium taxes and accounting and to help modernize our close, controls, and reporting as we scale. You’ll partner closely with Data Science, Engineering, and FP&A, ensuring clean data flows from policy/claims systems into the GL and into our GAAP and statutory reporting. This role is hands-on, fast-paced, and high-impact. What you'll do Premium & Loss Accounting: Own monthly recognition and reconciliations for written/earned premium, unearned premium, commissions, losses/LAE, and related accruals; maintain producer, carrier, and TPA sub-ledgers and trust/bank reconciliations. Close & Controls: Drive an accurate, timely month-end/quarter-end close; prepare journal entries, roll-forwards, reconciliations, and flux analyses; strengthen internal controls across close cycles. Reporting: Assist with GAAP and statutory financials and regulatory filings (NAIC statements, state insurance department requirements); work closely with our external auditors. Data & Systems: Collaborate with Product/Engineering and FP&A to improve data pipelines from policy/claims systems to the GL; support reporting automation and KPI visibility. Tax & Compliance Support: Coordinate premium tax data and filings support; maintain documentation for examinations and audits. About the Finance team The Finance team at MGT Insurance serves as the backbone of our rapidly scaling operations. We safeguard financial integrity, ensure compliance with GAAP and statutory requirements, and deliver insights that drive strategic decisions. As a lean but growing group, we balance rigorous financial control with a builder’s mindset—constantly seeking ways to innovate in insurance finance. What you bring Experience: 8–12+ years of progressive accounting experience in commercial P&C insurance/reinsurance, with at least 3–5 years in a management role. Technical Expertise: Deep knowledge of reinsurance accounting (treaty & facultative, ceded & assumed). Hands-on EAS general ledger experience. Strong proficiency with reinsurance accounting software (e.g., Sapiens, SICS, SAP-FS-RI, or similar). Solid grasp of GAAP and statutory/NAIC reporting requirements. Leadership Skills: Demonstrated ability to lead teams, build processes, and partner effectively across Underwriting, and FP&A. Analytical & Communication Skills: Strong problem-solving ability, attention to detail, and excellent written and verbal communication. Mindset: Entrepreneurial, process-improvement focused, and energized by building at scale. Location Hybrid or remote within the U.S., with office access in the Bay Area, CA, Madison, WI or Denver, CO Compensation $110,000 – $165,000 base salary + bonus + equity (commensurate with experience).

Responsibilities

The Senior Manager, Reinsurance Accounting will own premium, loss, premium taxes, and accounting while modernizing the close, controls, and reporting processes. This role involves collaboration with various teams to ensure clean data flows and accurate financial reporting.