Financial Reporting Analyst

Financial Reporting Analyst

Palomar is a rapidly growing and innovative insurer focused on providing specialty insurance to residential and commercial customers. Palomar welcomes the best and brightest to our thriving team. Guided by an entrepreneurial spirit, Palomar is building a dynamic and diverse team.

Join a company built on a culture of agility, innovation and authenticity that delivers peace of mind and protection to individuals and businesses impacted by adversity.

Location: La Jolla, CA; Edina, MN; Remote

The Financial Reporting Analyst will report to the AVP, Financial Reporting. This position is responsible for assisting others in understanding the Company's financial results by assisting with all financial reporting - including reporting budget to actual results, internal financial packages, ad-hoc reporting, and SEC financial statement preparation. This is an opportunity to work with a small team, touch multiple areas of the business, and have significant autonomy and responsibility, leading to fast learning and development for the right person. The right candidate works extremely quickly and efficiently, while producing accurate work and maintaining excellent attention to detail.

What will you do:

• Preparation of monthly and quarterly journal entries related to stock-based compensation, operating expense allocations, etc.
• Assist in the preparation of the Company's monthly financial reporting package and SEC financial statements (i.e. 10-Ks and 10-Qs)
• Participate in internal reporting to executive management by reporting actual financial information compared to expectations and reporting key financial trends and drivers of variances
• Preparation of footnote workbooks to support the SEC reporting process and of the SEC financial statement tie-out
• Performance of internal controls associated with the financial reporting process
• Interface with auditors, provide support and respond to auditor inquiries around financial reporting
• Assist with other SEC-related matters (e.g. 8-Ks, proxy statement, Form 4s, etc.)
• Support special projects and perform ad-hoc analyses as needed

What we are looking for:

• Bachelor's degree in accounting
• 1-3 years' experience in public accounting, a combination of public accounting and private company financial reporting experience, or experience in financial reporting for an insurance company;
• Insurance experience preferred
• Deep solid understanding of accounting and financial reporting principles
• CPA or CPA eligible/in-process
• Understanding of consolidation principles
• Experience extracting data from an accounting system (Intacct) and summarizing and analyzing this data would be a plus;
• Experience with SEC reporting and/or an SEC reporting tool (Active Disclosure) preferred

We love people who want to:

• Build strong relationships through transparency, trust, and respect for each other.
• Work in an agile environment, with a resilient mindset to find creative solutions to challenges.
• Collaborate and celebrate diverse perspectives, promoting inclusivity and equality.
• Do the right thing with strong conviction and integrity.
• Be bold and innovative to help make an impact.
• Demonstrable track record of working autonomously and driving progress
• Be intellectually curious, think creatively, and pragmatic

If you thrive in a dynamic environment, and like working with happy, authentic, talented people, you'll enjoy a career with Palomar!

What will you get in return?

• Full Suite of Medical Benefits
• Long Term Financial Incentives – STOCK!
• 401k with 3.5% Automatic Fully Vested Employer Contributions
• Competitive PTO + Holiday Program
• Lifestyle Spending Allowance
• Professional Development Assistance
• Career Exploration Opportunities
• Regular company-wide social events (even virtually!)

Diversity at Palomar

At Palomar, we are committed to diversity, equality and inclusion in all facets of the organization. We have built an open culture that celebrates the diversity of our workforce, while actively championing equality and inclusion practices that make us a company people want to work with and work for.

We believe that diversity, equality and inclusion yields greater organizational creativity and productivity, which helps us serve our customers and partners more effectively. Delivering on our diversity commitment returns greater value to our shareholders and ultimately makes a positive impact to the communities in which we do business and to the people who live in them

Accommodations:

Palomar will consider reasonable accommodations to ensure a qualified applicant with a disability can be considered for the position. Palomar will also consider necessary modifications to the physical work environment, or to the way a job is usually performed, so an individual with a disability can perform the essential functions of the position. Additional accommodations will be considered that enable an employee with a disability to enjoy equal benefits and privileges of employment like those that are enjoyed by other employees without disabilities.

Pay Range: $73,000-$109,000+ Bonus Potential & Participation in our Competitive Long-Term Incentive (LTI) Program.