Main characteristics
- Location
- Sydney, New South Wales
- Company
- Open Insurance
- Employment type
- Full time
- Category
- Accounting
Job summary
About Open:Say hello to brilliant insurance. At Open, we're on a mission to provide the fastest insurance, at the best price, for the world. Insurance is one of the world's least digitally mature industries - for years it's remained confusing, paper-based and heavily intermediated. We launched in 2016 to build a global, AI-powered platform that digitises the entire insurance process, making it transparent, less costly and more reliable.
Our promise to customers is powerful, simple and fair car, home and travel insurance. Many know us through our consumer brand, Huddle, and we also offer bespoke white-label solutions for brands who embed our insurance into their digital experiences. We work with many large brands and tech companies such as Telstra, Plenti, ahm, WeMoney, loans.com.au and EnergyAustralia.
Open is backed by leading investors, including AirTree Ventures, Movac, and Hollard Insurance and we've raised over $53m to date. Since 2018, we've achieved a 628% growth rate and have won awards from FinTech Australia, the Global InsurTech 100, Mozo.com.au, Pause Fest, SmartCompany's Smart50 (5th) and the AFR Fast 100, who recognised us as Australia's 7th fastest growing company.
But the best is yet to come - we plan on doubling growth in 2022 while expanding to New Zealand and the UK. We also believe in using business as a force for good - Open is proudly a certified B Corporation and as a partner of 1% for the Planet, we donate at least 1% of our revenue every year to charity.
Our team thrive on solving problems to revolutionise insurance and have a no excuses' attitude when it comes to putting our customers first. We have a high performing team and an open and enabling culture that attracts the best creative and critical thinkers. Join us and let's build the future of insurance together.
What you'll do:
As a senior financial accountant, you will be reporting into the group financial controller and will be responsible for assisting with all financial reporting, assisting with reviews and other financial matters. This is further broken down to include:
Supplier and Claims Payment RunsFirst review of payment runs prepared by financial accountant - both internal and for claims purposes
Payroll Preparation And ReviewPreparation/review of monthly and bi-monthly/fortnightly payroll for all jurisdictions (currently AU, NZ & UK)Calculation and submission/review of payroll tax returns (Australia)Preparation of monthly superannuation payments (Australia)Preparation of monthly reports as required by People & CultureAssisting with updating the business models relating to employee costs
Expense ManagementAssist financial controller with expense managementProvide commentary and analysis on plan versus actual reporting for management
Cash Management & Transfer PricingAssist financial controller with developing a cash management strategy for the groupAssist financial controller with establishing transfer pricing policies for the group for review by the appointed tax agents and managementManage the policies once implemented
Month end reporting and quarterly reporting
Managing month end reconciliations including balance sheet reconciliations and partner bank account reconciliations.Assisting with monthly management reportingAssisting with board and investor reporting
Tax return preparation and submissionPreparation and submission of monthly IAS and quarterly BAS returns (Australia)Preparation and submission of monthly PAYE returns and soon GST returns (NZ)
Year end and other tax reporting
Assisting with year end and tax reporting including preparation of annual financial statements and consolidated financial statementsLiaising with external auditorsAssisting with any additional finance matters as needed
Team coaching and supportProvide support and coaching to the junior accountant.
Requirements
What you'll bring:University qualification with solid understanding in accounting or able to demonstrate 1-2 years experience in a commercial senior financial accountant roleExperience with Xero an advantageSome experience with tableau would be great but not necessaryDemonstrate strong ability to work with spreadsheets and ability to work with large data volumesExperience with the insurance industry advantageous but not essentialA can-do attitude and strong communication and teamwork skills will be highly beneficialWilling to try new things and to see this role as an opportunity to help develop the finance function at Open to support its high growth
Role location:
Our offices are located in Sydney, the Sunshine Coast, Auckland and Queenstown. Preference is for the successful candidate to be based in Sydney.
Benefits
Why Open?
It's an exciting time to join our team and be part of a tech company going through a hyper-growth phase. We provide our team with:Highly competitive compensation, including share options - we believe in paying people what they're worth and having everyone in our company share in our successHigh levels of autonomy and trust so you can do your best workGrowth opportunities internally - as you grow, your role can tooFlexible working - we are about impact, not time at your desk. We encourage freedom and responsibility, including the ability to work from anywhere Annual allowance for professional development - use it towards a gym membership, professional coaching, a conference. Whatever matters most to you
We're proud to be an equal opportunity employer that celebrates diversity and are committed to providing an inclusive environment for all employees.
Lastly, Open is a high-performing team that strives to achieve brilliant things every day and we encourage you to apply even if your experience doesn't exactly match the job description. We're looking for people who are intellectually curious, courageous, innovative and passionate. Our culture is truly open, we're continuously challenging each other to live our values, and aren't afraid to raise questions when we fall short. Most importantly, Open is for those that want to create change and have an impact. If that sounds like you, apply for this role and let's build the future of insurance together.
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