Controller, Ethos Specialty - Ethos Specialty Insurance Services LLC

Ethos Specialty is a leading Managing General Underwriter (MGU) that develops industry-specific insurance programs and provides specialized underwriting services on behalf of high-quality carrier and syndicate partners. Ethos has developed, and is the underwriting manager for, Transactional Liability insurance, including Representations & Warranties (RWI) and Tax insurance products.

Ethos Controller

This is an opportunity to join Ethos Specialty Insurance Services LP.

Ethos Specialty is a leading Managing General Underwriter (MGU) that develops industry-specific insurance programs and provides specialized underwriting services on behalf of high-quality carrier and syndicate partners. Ethos has developed, and is the underwriting manager for, Transactional Liability insurance, including Representations & Warranties (RWI) and Tax insurance products.

Ethos Specialty is owned by Bishop Street Underwriters, an insurance platform that partners with MGUs and niche underwriting teams and is a portfolio company of Redbird Capital Partners. Ethos benefits from an extensive underwriting track-record, with deep capabilities and underwriting expertise that matches risk to multiple sources of capital as well providing the highest quality, independent underwriting service to its industry partners and capital providers.

ESSENTIAL FUNCTIONS AND BASIC DUTIES:

The Ethos Controller will be a strategic partner to the Ethos Finance Leader in building a world class, data-driven, effectively controlled, accounting and finance function, responsible for the accounting, financial reporting, tax, and treasury functions of a high-growth, multi-jurisdiction insurance underwriting platform. This role will play a critical part in developing and scaling the company and will report to the Finance Leader.

This role will require technical accounting expertise, preferably at a P&C insurance carrier, MGA, program administrator or similar business. This is an incredible opportunity for a highly motivated, entrepreneurial minded individual to take on a pivotal role in a fast-growing, private equity-backed company.

Accounting Operations

• Partner with the Finance Leader to oversee all accounting functions of the business unit in the US and Canada, including A/R, A/P, fixed assets, payroll, and general ledger. Ensure proper internal controls are in place to safeguard company assets.
• Work cross functionally with Underwriting and Operations colleagues to facilitate effective utilization of the policy management system with respect to finance requirements and activities.
• Manage the monthly and quarterly close calendar. Instill a collaborative, hands-on approach in maintaining an accurate GL system with review of month end journal entries to ensure an efficient closing process.

Financial Reporting

• Prepare timely and accurate consolidated financial statements in accordance with GAAP, including balance sheets, income statements, and cash flow statements.
• Partner with Finance Leader and business unit leaders to assist in development of the annual budget process, reporting against budget performance, and other ad hoc reporting and requests.

Treasury

• Partner with the Finance Leader to establish and maintain depository relationships, ensure debt covenant compliance, establish controls and authorizations, safeguard cash, segregate fiduciary funds, and maximize cash flow.

Audit and Controls

• Partner with the Finance Leader to coordinate and manage financial statement audits and Quality of Earnings in M&A processes. Lead the delivery of PBC documents, draft technical memos, and partner with Finance Leader to address findings.
• Partner with the Finance Leader and other stakeholders to establish an appropriate control environment.

FP&A Support

• Be the source of timely and reliable accounting information, data and analysis that supports FP&A and the Finance Leader in a high-growth and dynamic budgeting, forecasting and management reporting environment.

EXPERIENCE AND SKILLS REQUIRED:

• Bachelor"s degree in accounting or finance. CPA designation preferred.
• Minimum of 7 years of progressive experience in accounting, preferably within the property & casualty insurance industry.
• Strong knowledge of GAAP and property & casualty insurance accounting.
• Experience managing the annual financial statement process and ensuring timely delivery of PBC requirements.
• Excellent written and verbal communication skills.
• Proficient in Microsoft Office and ERP systems. Working knowledge of Oracle NetSuite preferred.
• Strong analytical and problem-solving abilities, with an attention to detail.

ESTIMATED TRAVEL PERCENTAGE: 0 – 10%

LOCATION: Remote, with option to work from our New York, NY, or Toronto, Canada offices

EMPLOYMENT TYPE: Full-time/Permanent

EDUCATION PREFERRED: Bachelors Degree

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