Finance Associate

Job DescriptionThe Finance Associate will provide operational accounting support for Vave Underwriting Agency Inc, and Vave Digital Services Ltd as well as reconciliation activities between the Vave entities and Group Accounting. This person will support and document processes for the application of cash received from product partners and the settlement of commissions and net premiums with introducing brokers and capacity partners.This role will require attention to detail, an understanding of accounting and reconciliation processes and strong communication skills. This person will be expected to assist in the enhancement of efficient processes and controls in an environment that is increasing in volume and complexity.This person will need strong communication skills to work with internal resources as well as distribution and capacity partners. This is a critical position that will represent Vave to outside parties in addition to ensuring our ability to process cash activity and perform internal and external reporting.ResponsibilitiesDevelopment and on-going ownership of processes for premium collection and commission and premium settlements. Track daily bank activity across premium trust accounts Take ownership of processes for reviewing allocation of funds received from product partners Provide accounting entries for recording of daily cash activity to Group Accounting Continuously look for ways to improve efficiency and control of the cash receipt and technical insurance disbursement process. Follow up with product partners on cash receipts that differ from expected amounts. Communicate with Capacity providers to alert them to issues regarding monthly premium settlements. Work with Vave Analytics Team and Distribution to understand commission structures. Develop activities and controls to test integrity of information provided by Vave Analytics Team and Product Partner Reporting. Be power user of premium reconciliation tool. Financial Reporting Review general ledger activity monthly Engage with both UK and US based colleagues to maintain consistency, share knowledge, and compile group-level results. Assist in the preparation of Vave financial reporting and support inquiries from Group Management. Ad Hoc projects as needed Acquire knowledge of compliance requirements with US regulatory authorities to alert and support management to changes and potential exposures to non-compliance by Vave and its product partners. Develop key metric reports for management to measure efficiency and profitability of the business. Financial Management Support the budget process and monitor actuals results against plan. Work across the Vave Team to update periodic forecasts of results. Support cash forecast functions to project cash collections amounts and cash outflows. External Relationships Build and maintain strong working relationships with key external stakeholders including vendor partners, agents/brokers, and policyholders. Culture, Talent, and Innovation Operate within a culture of accountability, empowerment, technical excellence, and continuous improvement. Drive innovation by continually evaluating and enhancing processes, technologies, and customer experience. Qualifications Accounting experience: 3-5+ years in operational accounting, preferably with an MGA or broker. Commission Accounting: Experience working with commission-based revenue groups. Regulatory and Technical Knowledge: 2 Years’ experience working in an insurance organization with a basic understanding of insurance products and concepts. Execution-Oriented: Experience transforming finance operations in a fast-paced environment. Innovation and Change Acceptance: Comfortable operating under organizational transformation and adopting emerging technologies. Communication and Change Management: Strong communicator with the ability to manage and inspire through change. Personal Attributes Collaborative: Builds strong relationships and alignment across teams, functions, and geographies. Customer-Centric: Prioritizes the customer experience to make “ease to work with” a differentiator in business success. Results-Driven: Committed to quality outcomes, performance standards, and financial responsibility. Entrepreneurial: Thrives in ambiguity, acts with urgency, and takes ownership in fast-paced environments. Resilient and Solutions-Focused: Undeterred by complexity; can handle multi-tasking and is adaptable to re-prioritizing. Integrity and Accountability: Operates with honesty, fairness, and follow-through on commitments. Self-Motivated and Proactive: A self-starter who acts with initiative and drives progress independently. Positive and Confident: Brings energy, assurance, and optimism to the role. Commitment to Growth: Dedicated to personal and team development, learning, and continuous improvement. Culturally Aligned: Embodies and promotes organizational values and team cohesion. Change Agent: Comfortable navigating change at pace in evolving environments. Salary Range: $60,000 - $90,000Our Benefits ABOUT US We offer all employees a comprehensive benefits package that focuses on their whole wellbeing. This includes hybrid working, a competitive base salary, non-contributory 401k, discretionary bonus, insurances including medical, dental and vision cover, and many other benefits to enhance financial, physical, social and psychological health.About CanopiusCanopius is a global specialty lines (re)insurer. We are one of the leading insurers in the Lloyd’s of London insurance market with offices in the UK, US, Singapore, Australia and Bermuda.At Canopius we foster a distinctive, positive culture which enables us to bring our whole selves to work to flourish as people, and build a business which delivers profitable, sustainable results.Canopius operates a flexible, hybrid working model and is committed to providing an environment that challenges employees to be their best and where everyone's unique contributions are recognised, valued and respected.We are fully committed to equal employment opportunities for all applicants and providing employees with a work environment free of discrimination and harassment. All employment decisions are made regardless of age, sex, gender identity, ethnicity, disability, sexual orientation, socio-economic background, religion or beliefs, marital or caring status, or any other status protected by the laws or regulations in the locations where we operate. We encourage and welcome applicants from all diverse backgrounds.We make reasonable adjustments throughout the recruitment process and during employment. Please let us know if you require any information in an alternate format or any other reasonable adjustments.