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Full-Time

Staff Accountant

Posted on 9/5/2024

Matic

Matic

201-500 employees

Simplifies home and auto insurance shopping

Automotive & Transportation
Fintech
Financial Services

Junior, Mid

Columbus, OH, USA

Category
Financial Accounting
Financial Analysis
Management Accounting
Accounting
Requirements
  • Bachelor’s Degree in Accounting or related field required.
  • 2+ years of accounting experience (Big 4, public accounting is preferred).
  • CPA is a plus.
  • Experience recording journal entries and preparing balance sheet reconciliations in a fast-paced close schedule.
  • Solid accounting foundation with working knowledge of how the financial statements interact.
  • Demonstrated ability to build and/or improve on an existing process.
  • Prior experience with financial services, technology, or insurance is a strong plus.
Responsibilities
  • Record journal entries related to Revenue, Fixed Assets, Software, Prepaids, and other financial statement line items.
  • Prepare monthly account analysis and balance sheet reconciliations to ensure Financial Statement accuracy and completeness.
  • Compile partner commission reporting statements in accordance with the Company’s partnership agreements.
  • Reconcile cash receipts to underlying system data to ensure appropriate revenue recognition.
  • Assist with the assessment, scoping, and implementation of various financial systems.
  • Support the annual audit process.

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%
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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.