Junior Financial Analyst Jobs

Join one of our portfolio companies - Covr Financial Technologies!! https://covrtech.com

COVR FINANCIAL TECHNOLOGIES OVERVIEW

Covr Financial Technologies is a well-funded, venture capital-backed company with a market leading insurance-as-a-services platform (InsurTech) that simplifies the buying process for life, long-term care, and disability insurance products sold through financial and wealth management advisors, banks, credit unions, RIAs, consumer brands and fintech channels. There are over 25,000 financial advisors using our platform and over 30,000 insurance applications completed on our platform since 2016. Our platform has processed close to $5 billion in claim benefits for end-consumers.

Covr’s platform provides a simpler way for people to protect what matters most and a better consumer experience. We have streamlined the insurance application and underwriting process from days to minutes using A.I. technology.

Covr has a dynamic and transparent work environment where we create opportunities for our employees to grow. We embrace a flexible work environment that encourages high productivity and job satisfaction. We have strong core values: Client First, Collaboration, Diversity, Innovation, and Fun!

WHY COVR TECHNOLOGIES

• The company has raised over $50 million (latest was a Series B) to fuel growth plan, backed by leading venture capital firms: Allianz Life Ventures, Aflac Ventures, Commerce Ventures, Connecticut Innovations, Connectivity Capital Partners, Contour Venture Partners, Nyca Partners, and Sony IGV.
• The company has partnerships in place with over 30 of the top insurance carriers (multiple Fortune 500 companies) to offer a range of insurance products on the platform and over 25 distribution partners (multiple Fortune 500 companies) in place.
• The company has proven executive and innovation leadership team with deep insurance industry and InsurTech experience, and success leading high-growth companies and divisions.
• The company is commercially viable and disruptive, and annual revenue has increased over 40% in the last 2 years.

JUNIOR FINANCIAL ANALYST

This role is a newly created position to our growing team! This role will report to the Chief Financial Officer.

• Obtain and maintain commission schedules.
• Reconcile actual commissions received to expected commissions.
• Prepare and send out commission payments to agents.
• Creates financial models bases on analyses to support organizational decision making.
• Contact carriers and be able to communicate and resolve discrepancies in expected vs. actual commissions.
• Performs other related duties as assigned.
• Follow up on debit balances and review with Senior Commissions Analyst.
• Calculate and prepare batch commission statements for payment to external parties.
• Develops financial plans and reports for organizational leaders.
• Respond to client requests for information regarding commissions paid.
• Learn and become knowledgeable of Covr’s commission grids.
• Pull reports and verify commissions paid for each client.
• Assist Senior Commissions Analyst in setting up and revising special arrangements.
• Answer commission related questions for Covr employees.
• Analyzes industry trends and makes recommendations based on those trends.
• Develops automated reporting and forecasting tools for more efficient use of data.

Education and Experience

• Bachelor’s degree required in Accounting, Finance, or related field a plus.
• 2+ years as an accountant, auditor, or commissions analyst OR valid CPA (Certified Public Accountant) certificate with at least one year of professional experience as an accountant, auditor in a fast-paced environment.
• Experience in insurance industry a plus.

Knowledge and Skills

• Understanding of Generally Accepted Auditing Standards a plus.
• Understanding of Generally Accepted Accounting Principles (GAAP) a plus.
• Commissions experience is a big plus.
• Strong math skills.
• Intermediate to Advanced Excel skills (pivot tables & VLOOKUP).
• Experience with commission processing systems.
• Strong attention to detail and organization.
• Excellent verbal and written communication skills.