Controller, Property and Casualty Insurance

Job Description

Porch Group is a leading vertical software and insurance platform and is positioned to be the best partner to help homebuyers move, maintain, and fully protect their homes. We offer differentiated products and services, with homeowners insurance at the center of this relationship. We differentiate and look to win in the massive and growing homeowners insurance opportunity by 1) providing the best services for homebuyers, 2) led by advantaged underwriting in insurance, 3) to protect the whole home.

As a leader in the home services software-as-a-service ("SaaS") space, we've built deep relationships with approximately 30 thousand companies that are key to the home-buying transaction, such as home inspectors, mortgage companies, and title companies.

In 2020, Porch Group rang the Nasdaq bell and began trading under the ticker symbol PRCH. We are looking to build a truly great company and are JUST GETTING STARTED.

Job Title: Controller, Property and Casualty Insurance

Location: United States

Workplace Type: Remote

Job Summary

The future is bright for the Porch Group, and we'd love for you to be a part of it as our Controller, Property and Casualty Insurance.

Reporting to the VP, Corp Controller / P&C Chief Accounting Officer, the P&C Controller will manage the Accounting Department for our Property and Casualty insurance division. High-level responsibilities include financial management including leading the monthly close process, regulatory compliance and SOX controls. This position is responsible for accurate and timely reporting of historical financial results. The Controller will help with projects to standardize finance processes and procedures, streamline transactions, and obtain clarity of finance processes to support consistent and efficient division performance. This role requires a deep understanding of insurance accounting principles, regulatory requirements, and financial reporting. The Controller will collaborate with various departments to ensure accurate and timely financial information, maintain compliance with industry regulations, and contribute to strategic decision-making.

What You Will Do As A Controller, Property and Casualty Insurance

Financial Management

Oversee the preparation of financial statements and reports for the P&C insurance division.

Manage and coordinate the budgeting and forecasting processes.

Monitor key financial metrics and provide insights to senior management.

Implement and maintain effective internal controls to safeguard company assets.

Manage the monthly close process focusing on timely and accurate financial reporting, ensuring SOX compliance, and including proper completion of the month end close checklist.

Effectively manage all accounting department personnel.

Improve the accuracy and reliability of processes and standard financial/management reports.

Implement analytical review processes, exception reporting, etc. to minimize errors, rework, and reconciliations issues.

Work with data warehouse team to ensure accurate data is utilized for analyses.

Regulatory Compliance

Stay informed about changes in insurance regulations and ensure compliance with state and federal requirements.

Coordinate with regulatory agencies and auditors to address inquiries and provide necessary documentation.

Develop and maintain policies and procedures to ensure adherence to regulatory standards.

Accounting and Reporting:

Manage the insurance accounting team responsible for day-to-day operations, including premium accounting, claims accounting, and reinsurance accounting.

Ensure accurate and timely recording of financial transactions in accordance with generally accepted accounting principles (GAAP) and statutory accounting principles (SAP).

Risk Management:

Collaborate with the risk management team to assess and mitigate financial risks associated with the P&C insurance operations.

Implement strategies to optimize capital efficiency while maintaining solvency requirements.

Audit and Compliance:

Coordinate external audits and examinations, ensuring timely and accurate provision of required information.

Address audit findings and implement corrective actions as needed.

Strategic Planning:

Work with senior management to develop and implement financial strategies that support the overall business objectives.

Provide financial insights and analysis to support decision-making and business planning.

What You Will Bring As A Controller, Property and Casualty Insurance

Ten plus years of experience in insurance accounting and financial management, with a focus on P&C insurance.

College degree with an emphasis in accounting, finance, economics, or the equivalent in work experience.

CPA, MBA experience preferred.

Knowledge of reinsurance.

Hands-on experience in Microsoft Office products, with expertise in Excel.

Work well under stress and tight deadlines.

In-depth knowledge of insurance regulations, GAAP, and SAP.

Strong leadership and team management skills.

Excellent communication and interpersonal skills.

Ability to thrive in a dynamic and fast-paced environment.

The application window for this position is anticipated to close in 2 weeks (10 business days) from January 19, 2024. Please know this may change based on business and interviewing needs.

At this time, Porch Group does do not operate in or consider applicants from the following states for remote positions: Alaska, Arkansas, Delaware, Hawaii, Iowa, Maine, Mississippi, New Hampshire, and West Virginia.

What You Will Get As A Porch Group Team Member

Pay Range*: $157,500.00 - $220,500.00 Annually

*Please know your actual pay at Porch will reflect a number of factors among which are your work experience and skillsets, job-related knowledge, alignment with market and our Porch employees, as well as your geographic location.

Additionally, you will be eligible to receive long-term incentive awards, subject to program guidelines and approvals.

You will also be eligible to receive an annual bonus based on individual and company performance, subject to program guidelines and approvals.

Our benefits package will provide you with comprehensive coverage for your health, life, and financial wellbeing.

Our traditional healthcare benefits include three (3) Medical plan options, two (2) Dental plan options, and a Vision plan from which to choose.

Critical Illness, Hospital Indemnity and Accident plans are offered on a voluntary basis.

We offer pre-tax savings options including a partially employer funded Health Savings Account and employee Flexible Savings Accounts including healthcare, dependent care, and transportation savings options.

We provide company paid Basic Life and AD&D, Short and Long-Term Disability benefits. We also offer Voluntary Life and AD&D plans.

Both traditional and Roth 401(k) plans are available with a discretionary employer match.

Headspace is part of our employer paid wellbeing program and provides employees and their families access to on demand guided meditation and mindfulness exercises, mental health coaching, clinical care and online access to confidential resources including will preparation.

Brio Health is another employer paid wellbeing tool that offers quarterly wellness challenges and prizes.

LifeBalance is a free resource to employees and their families for year-round discounts on things like gym memberships, travel, appliances, movies, pet insurance and more.

Our wellness programs include flexible paid vacation, company-paid holidays of typically nine per year, paid sick time, paid parental leave, identity theft program, travel assistance, and fitness and other discounts programs.

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What's next?

Submit your application and our Porch Group Talent Acquisition team will be reviewing your application shortly! If your resume gets us intrigued, we will look to connect with you for a chat to learn more about your background, and then possibly invite you to have virtual interviews. What's important to call out is that we want to make sure not only that you're the right person for us, but also that we're the right next step for you, so come prepared with all the questions you have!

Porch is committed to building an inclusive culture of belonging that not only embraces the diversity of our people but also reflects the diversity of the communities in which we work and the customers we serve. We know that the happiest and highest performing teams include people with diverse perspectives that encourage new ways of solving problems, so we strive to attract and develop talent from all backgrounds and create workplaces where everyone feels seen, heard and empowered to bring their full, authentic selves to work.

Porch is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected veteran status, or any other characteristic protected by applicable laws, regulations, and ordinances.

Porch Group is an E-Verify employer. E-Verify is a web-based system that allows an employer to determine an employee's eligibility to work in the US using information reported on an employee's Form I-9. The E-Verify system confirms eligibility with both the Social Security Administration (SSA) and Department of Homeland Security (DHS). For more information, please go to the USCIS E-Verify website.