Financial Operations Manager, Risk Entities

Responsibilities

• Manage a growing an offshore team of 4-5 reinsurance professionals in AP/AR and bordereaux.
• Learn and understand the current insurance and reinsurance processes and procedures used to record and
• maintain
• data necessary for reinsurance-related operational activity, financial accounting, reporting, and analysis
• Review

ceded reinsurance contractual terms

• for new and renewal reinsurance programs, tracking new business communicated by Business Development/Program Management and coordinating with the Reinsurance Procurement team
• Partner with the Data and IT teams to define data requirements (e.g., coverage codes and other adjustments) needed to ensure
• accurate

contract setup

• Lead new and renewal program and reinsurance contract set-up
• (Quota Share and
• Loss); including p
• ing
• with the Data and IT teams to define data requirements

Requirements

• Intermediate Excel skills (PivotTables, VLOOKUP, SUMIF formulas)

Preferred

• Experience working with a reinsurance or policy administration system (e.g.,
• ReAcct
• or similar), including contract set-up, testing, and validation
• Property & casualty insurance industry experience
• Knowledge of US GAAP accounting principles
• Knowledge of Insurance US Statutory accounting principles
• Understanding of insurance financial operations including underwriting, claims, and reinsurance
• Experience with ceded reinsurance accounting
• Experience overseeing an offshore or outsourced operations team

Title

Reinsurance Operations Manager

Location

Morristown, New Jersey

(hybrid)

Reporting To

Sr. Manager, Reinsurance Operations

About Hippo

Hippo was built on a promise: make homeownership effortless. Nearly a decade later, that mission still drives us. We use technology and data to help our customers stay ahead of problems and protect what matters most.

Today, that same tech-native approach powers our work beyond homeowners. Hippo operates as a diversified carrier platform, partnering with MGAs to deliver tailored program solutions that help them grow and deliver better customer experiences. Behind that work is a team that values ownership, curiosity, collaboration, and continuous improvement.

If you're energized by building what's next, we'd love to meet you.

The Role

We are currently recruiting a

Rein surance Operations Manager who will work in a fast-paced, cross-functional capacity leading our day-to-day reinsurance operations while also serving as the primary business liaison for our ReAcct ceded reinsurance system. This person will manage a growing team of four to five reinsurance professionals across AR/AP and bordereaux and monthly sessions reporting. You will work closely with the Reinsurance Operations Sr. Manager, Reinsurance Procurement, Accounting, Data, and IT teams to ensure that new and renewal reinsurance contracts are set up appropriately within the ceded reinsurance subledger and that all aspects of reinsurance operations are performed accurately and on time. This includes the generation of cession and billing statements within the ceded reinsurance subledger as well as tracking outstanding receivables and payables with our reinsurance partners. You will also be the subject matter expert for the Company's ReAcct system, partnering with IT and external vendors to support the key deliverables from the Reinsurance Operations department.

What You’ll Do

Excess of artner

, testing, and

validating key system deliverables

• Oversee reconciliations between the ceded reinsurance subledger and source systems; investigating and resolving any material variances
• Manage the reinsurance cash application process, approving settlement details,
• and overseeing monthly reporting to the T reasury

Department

Ensure billing statements are issued to the market per contractual terms, and resolve broker queries and due-to/due-from settlements on a timely basis

Oversee all aspects of the

ReAcct ceded reinsurance subledger by monitoring capacity, performance, and ongoing enhancement of the system, partnering with IT and external vendors to support the financial close, SOX compliance, and reporting needs of the Reinsurance Operations department

Must Haves

Bachelor's degree in accounting, finance, or a related field

5

• + years of experience of finance accounting, or operations roles (public accounting or private)
• 1+ year of experience in people management

Nice to Haves

reports

(e.g., Schedule F)

Benefits and Perks

Hippo treats its team members with the same level of dedication and care as we do our customers, which is why we’re fortunate to provide all of our Hippos with:

Healthy Hippos Benefits

Multiple medical plans to choose from and 100% employer covered dental & vision plans for our team members and their families. We also offer a 401(k)-retirement plan, short & long-term disability, employer-paid life insurance, Flexible Spending Accounts (FSA) for health and dependent care, and an Employee Assistance Program (EAP)

Equity

This position is eligible for equity compensation

Training and Career Growth

Training and internal career growth opportunities