Accountant

About Parsyl

Parsyl is an insurer of complex supply chain risks that uses enhanced data and technology to better understand, price and mitigate risk. Parsyl offers its customers more tailored underwriting, a better claims experience and insights-based risk management that reduces waste and saves money.

Parsyl operates in the US and London insurance markets through a Managing General Underwriter (MGU) and its own managed syndicate at Lloyd’s of London, which it utilizes to lead one of the largest marine cargo consortia in the London market. Parsyl has more than 20 different providers of third party capacity across its operations including delegated underwriting, consortia, reinsurance and Funds at Lloyd’s capacity providers.

Parsyl has experienced significant growth in the last 24 months through its focus on insuring underserved food, beverage and pharmaceutical commodities in the marine cargo space. Parsyl blends new data sources and modern technology with traditional underwriting expertise to help clients build more resilient and adaptable supply chains. Parsyl offers a full suite of A-rated cargo insurance solutions, including Cargo and Stock Throughput, Shipper’s Interest, Cargo Legal Liability and Warehouse Legal Liability.

Parsyl is based in Denver, CO and London, England.

In this role, you will lead on:

Financial Operations:

• Assist in the day to day operations for the Accounting department which includes processing invoices, AR collections, bill payments and recording daily cash transactions.
• Manage bill pay platform (Bill.com), ensuring all bills are entered accurately and routed for appropriate approvals.
• Process wire and ACH transactions accurately and timely and reconcile bank transactions with NetSuite, ensuring all payments and receipts are properly matched.
• Facilitate corporate credit card program (Brex) and expense review.
• Assist the Insurance Operations team with general accounting inquiries, AR collection efforts, and monthly reporting requirements.
• Manage revenue, accounts receivable, and accounts payable subledgers.
• Assist with special projects as needed.

Financial Close, Reporting and Compliance:

• Post and process month-end close journal entries in NetSuite, ensuring accurate recording of business transactions.
• Reconcile and analyze balance sheet accounts, investigating differences on a timely basis. Examples of reconciliations include cash, prepaid expenses, accounts receivable, unbilled receivable, accruals, etc. 
• Assist in financial analysis to identify trends, variances, and opportunities for improvement.
• Assist with requests and deliverables for financial audits and tax compliance. 

Requirements

What You Bring to Parsyl

Parsyl is committed to building an inclusive team that welcomes different perspectives and creative ideas in order to best achieve our mission.

This role is hybrid, based from our office in the RiNo Arts District area of Denver.

What we're looking for:

• Minimum 2 years of Accounting work experience
• Strong understanding and knowledge of US GAAP (Generally Accepted Accounting Principles)
• Proficiency in using NetSuite ERP system
• Intermediate Google Sheets or Microsoft Excel skills (Team primarily works in Google Sheets)
• Proven reconciliation skills including data manipulation and critical thinking
• Problem-solving skills with a passion for improving operational processes
• A critical eye for attention to detail
• A clear and strong communicator, with excellent verbal and written communication skills

It's a bonus if you also have:

• Bachelor’s degree in Accounting, Finance, or related field
• Working towards a professional certification in accounting (CPA)
• Familiarity with the Insurance industry

Benefits

Market competitive salary with an anticipated base compensation range of $70,000-$80,000. Actual salaries will vary depending on a candidate’s location, experience, qualifications, and skills.

Additional Financial Benefits include:

• Stock options
• 401(k) including company match

Health and Wellness Benefits include:

• Medical, dental, and vision insurance effective on your start date (100% of medical, dental, and vision premiums for employees and 75% of premiums for dependents based on a solid, mid-tier plan)
• Six weeks of fully paid leave family and/or medical leave
• Monthly wellness benefit

Time-off and Vacation Benefits include:

• Unlimited vacation policy
• Company Breaks - quarterly mental health days, summer and winter breaks
• Paid sabbatical program

Additional Work Environment Benefits include:

• Significant career growth opportunities and continuing education stipend
• Commuter benefit of for public transportation or parking costs
• Home office set-up stipend