Corporate Controller (Insurance)

Understory is seeking a highly skilled Corporate Controller to lead our accounting operations and ensure world-class financial management as we scale.

This role will be central in driving accuracy, compliance, and insight across our global entities, serving as a trusted partner to leadership in aligning financial rigor with our ambitious growth strategy.

Your main role responsibilities will include:

• Monthly, quarterly, and year-end closes across multiple domestic and international entities. Produce GAAP-compliant financial statements, management dashboards, and board packages—ensuring accuracy, timeliness, and consistency of all results.
• Provide executive oversight of AP, AR, GL, fixed assets, premium recognition, loss reserving, and ceded reinsurance. Monitor evolving regulatory requirements; coordinate with external auditors, tax advisors, and regulators.
• Build SOX-ready policies, narratives, and testing protocols.
• Identify control gaps, implement remediations, and foster a culture of continuous improvement and risk mitigation.
• Own the annual plan and rolling forecasts.
• Deliver insightful variance commentary, scenario modeling, and cash-flow projections that inform company decision-making.

Translate financial data into actionable insight for underwriting, data science, and operations—aligning financial goals with corporate strategy and growth objectives You're exactly the professional we're looking for if you:

• Prior experience working in the insurance industry required Hold a Bachelor’s degree in Accounting, Finance, or a related field; CPA is preferred Have at least 4 years of accounting experience Demonstrate expert knowledge of US GAAP, statutory, and and internal-control frameworks (SOX or similar) Have led close and audit cycles end-to-end, delivering timely, accurate results under tight deadlines Possess excellent analytical, problem-solving, and organizational skills—staying focused under pressure and resisting overwhelm when managing multiple projects Showcase a meticulous attention to detail and a commitment to delivering high-quality results, easily pivoting as priorities shift You are open to working a Hybrid schedule in our Madison, WI office OR remotely elsewhere with occasional in-person requirements Compensation includes: Competitive base salary commensurate with experience.
• Comprehensive benefits package including health, dental, vision, and retirement plans.
• About Understory Understory is a leading provider of insurance solutions built for the era of climate change.
• The company's global network of Dot weather stations powers the world's most sophisticated weather risk model.
• By combining mutualized, optimized risk structures with precision weather technology and modeling, Understory develops affordable, stable property insurance solutions.
• Traditional insurance is no longer fit for purpose.
• Natural catastrophes driven by the volatility of climate change is increasing rates and restricting coverage.
• Insurance and reinsurance companies are pulling out and leaving 76% of global assets unprotected.
• Transformation is inevitable, and it's coming to the global insurance market.
• Understory cracked the code, and our approach is the only way to close this gap.
• Comprising a compact yet fiercely dedicated & passionate remote team, Understory is a mission-centric, results-driven start-up that thrives on relentless adaptability and resilience.
• We cherish accountability and push the limits at breakneck speeds, always backed by the unwavering support of our colleagues.
• To sustain our drive, we place significant emphasis on work-life harmony, nurturing our families, and fostering our communities.
• Understory, headquartered in Madison, Wisconsin, is poised to rewrite the story of insurance.
• To embark on this exciting journey with us, visit www.understoryweather.com. Powered by JazzHR