Simplify Logo

Full-Time

Head of Accounting and Finance

Posted on 6/14/2024

Matic

Matic

201-500 employees

Simplifies home and auto insurance shopping

Automotive & Transportation
Fintech
Financial Services

Senior, Expert

Columbus, OH, USA

Category
Financial Controller
Financial Planning
Accounting
Requirements
  • Bachelor’s Degree in Accounting or related field required
  • Strong accounting experience, preferably, 4+ years’ experience at a Big Four firm
  • 4+ years’ experience in corporate accounting / financial planning & analysis positions with a history of increasing leadership responsibility
  • CPA certification is a plus
  • Experience managing and building teams
  • Deep familiarity and expertise with financial modeling, including dynamic short term and long range plan models
  • Equity accounting (Carta experience is a plus)
  • Background with fast-paced close schedules
  • Demonstrated ability to self-motivate and work under pressure
  • Familiarity with the requirements of working in a venture capital backed company
  • Prior experience with financial services, technology, or insurance is a strong plus
Responsibilities
  • Responsible for managing the day to day accounting and finance processes for the company.
  • Manage monthly / quarterly / year-end closings, accounts receivable / payable, payroll, partner commission reporting, financial statement preparation, fixed assets, revenue recognition activities, cash management, and tax compliance.
  • Lead all financial planning and analysis, including the development of the annual budget and re-forecasting as necessary, including reporting out on budget vs. actuals monthly.
  • Develop policies and procedures for the financial activities of the company, including accounting workflows & related systems, internal controls, etc.
  • Responsible for managing equity transactions, overall cap table management, and related documentation.
  • Manage the annual audit process.
  • Proactive review of changes in US GAAP and application to the company where applicable.
  • Ensure compliance with government and regulatory reporting requirements including the Company’s local tax returns with assistance from external advisors.
  • Interface with third party advisors (auditors, tax advisors).

Matic simplifies the process of obtaining home and auto insurance by providing a digital platform that allows consumers to quickly compare quotes from a network of 40 A-rated insurance carriers. Customers enter their information, and Matic's system retrieves various quotes in seconds, helping them find the best rates and save money, with average savings reported at $639. Unlike traditional insurance shopping, Matic streamlines the experience, making it faster and more efficient. The company also partners with mortgage servicing organizations to ensure accurate home information, which enhances the accuracy of the quotes. Matic's goal is to make insurance shopping easy and cost-effective while fostering a positive workplace culture for its employees.

Company Stage

Series B

Total Funding

$53.6M

Headquarters

Columbus, Ohio

Founded

2014

Growth & Insights
Headcount

6 month growth

2%

1 year growth

7%

2 year growth

33%
Simplify Jobs

Simplify's Take

What believers are saying

  • Matic's strategic partnerships with major mortgage lenders like USA Mortgage and GVC Mortgage expand its market reach and customer base.
  • The company's recognition for outstanding workplace culture and product innovation makes it an attractive place to work.
  • Matic's ability to offer a wide array of insurance products, including home, auto, umbrella, and pet insurance, provides employees with diverse opportunities for growth and specialization.

What critics are saying

  • The highly competitive insurtech market requires Matic to continuously innovate to maintain its edge.
  • Dependence on commissions from insurance carriers could be a vulnerability if market conditions change or partnerships dissolve.

What makes Matic unique

  • Matic leverages a network of over 40 A-rated insurance carriers to provide a wide variety of quotes in seconds, setting it apart from traditional insurance brokers.
  • The company's digital platform streamlines the insurance shopping process, offering significant time and cost savings for consumers.
  • Matic's partnerships with mortgage servicing organizations ensure accurate home information, enhancing the precision of insurance quotes.
INACTIVE