Associate Director of Finance/Revenue, Cover Genius
Plus Stock Options
B2B insurance and warranty API
Be an early applicant
B2B insurance and warranty API
501-1000 employees
Be an early applicant
Plus Stock Options
501-1000 employees
Company mission
To protect all the customers of the world’s largest digital companies.
Role
Who you are
- Big 4 or mid-tier trained, with further commercial experience
- Familiarity with revenue accounting across multiple jurisdictions, preferably working with highly complex revenue models
- At least 10 years' experience in finance, with a focus on accounts receivable oversight
- NetSuite experience with invoicing and cash collections
- A proven people leader who can also operate independently with experience in delivering projects end-to-end
- Strong stakeholder business partnering capability
- Must be proactive and be able to work well independently and partner with reporting, FP&A, Tax and Treasury Teams
- Insurance/Financial Services experience a bonus but not a requirement
- Open to travel
What the job involves
- Reporting to the Director of Finance in EMEA, the Associate Director, Finance/Revenue will lead and coordinate the Group’s global record-to-report process and all related reconciliations
- You will play a key role in the business and will have responsibility for providing guidance on new revenue processes
- Lead the full record-to-report global process, including invoice creation and collections from partners/customers
- Lead the initiative to reduce days sales outstanding and ensure accounts receivable agings are complete and accurate
- Lead and review reconciliations across Cover Genius’ multiple receipt methods globally
- Lead global invoicing troubleshooting when partner issues arise by partnering with contract management, customer support and tax teams, ensuring credits are appropriately reflected on partner/customer invoices as/if needed
- Primary support for external audits/reviews within regions and work with Global Controller to prepare for audits
- Partner with Global Tax Director to ensure pass-through taxes, such as VAT, GST, US Sales Tax, are reflected correctly on partner invoices
- Partner with the Global Treasury and FP&A Teams in providing support for cash inflows from partners/customers
- Ensure accuracy & adequacy of business' revenue reporting processes by drafting, revising and evaluating relevant internal policies and procedures
- Serve as subject matter expert in all matters related to accounting for invoice to cash from partners/customers
- Support in planning and project work, key projects
- Recommending and driving improvement to processes, systems, and control frameworks
Our take
Insurance plans and warranties are staples of a successful digital company, but setting them up is challenging. Businesses must compare and write contracts with insurance providers which require the expensive assistance of legal and financial teams, Add to this the cost of web designers who can embed the service online, and insurance and warranties quickly become unaffordable to smaller businesses.
Cover Genius provides end-to-end APIs called XCover and XClaim for embedding insurance and warranty plans onto online stores, preventing the business from having to compare, arrange and deploy insurance plans themselves. The company's policies are for any business, can be translated into over 40 languages, and are designed to be read easily without unnecessary jargon.
Whilst other insurtech companies offer similar services to Cover Genius, the company has uniquely focused on ensuring its plans are easily readable, translatable, and dynamically priced based on personal requirements. Although the company initially aimed to facilitate insurance and warranty plans for smaller businesses, it also partners with large enterprises such as Ryanair, Amazon, and eBay. In 2024 it secured impressive Series E funding off the back of a year where it achieved 107% year-on-year growth.
Steph
Company Specialist
Insights
Some candidates hear
back within 2 weeks
30% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
May 2024
$80m
SERIES E
Nov 2022
$70m
SERIES D
Total funding: $241.9m
Company benefits
- Flexible Working Conditions
- Employee Stock Options
- Ongoing Learning
- Paid Parental Leave
- Wellness Initiatives
- When From Home When You Want
- Peer Bonuses and Founder Awards Program
- International Working Opportunities
- GC Gives giveback program, led by the team
Company values
- We Make It Our Own - We’re proud of who we are and what we do. We bring our own way of doing things and we make it happen.
- We Make It Better - We bring new ideas, think differently and challenge the norm. We look for areas to improve and we own the changes that we desire.
- We Succeed Together - We’re better when we work together. When we need help we always say “yes”. And when we pull it off, we celebrate together.
- We Create Magic - We make hard things simple and old things novel. We’re making world firsts in one of the oldest industries.
Company HQ
Midtown South, New York, NY
Articles
Leadership
Angus McDonald
(CEO)They were the General Manager of Emerge Digital. Formerly the VP of International Business Development for iClick Interactive Asia Limited.
Chris Bayley
(CIO)They were the former Business Development Manager for Google. Previously an Investor and Executive Director of Software.com from 2009 to 2019.
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