Preparing a Growing Insurance Company for an IPO

IPO Project Management, Readiness, & S-1 Filing:

• Developed and managed comprehensive project plan.
• Assisted with analyst model projections & presentations.
• Delivered IPO readiness assessment report to Sponsor & CFO.
• Initiated and led weekly IPO steering committee with internal and external stakeholders.
• Sourced, calculated, and coordinated data inputs for S-1 confidential and public filings.
• Drafted S-1 management discussion & analysis.
• Created CFO function staffing plan with org. chart & roles.
• Led successful recruiting effort for new CAO.
• Created templates for Board of Directors meeting and chief operating decision maker materials.

Accelerated Close:

• Conducted detailed walkthroughs with F&A team and recommended process acceleration and control enhancement.
• Fostered increased accountability and planning for the F&A team via a detailed GL close checklist, public company reporting calendar, and by instituting recurring close meetings.
• Delivered financial statement close process report including findings and recommendations.

Audit Support and Controls Enhancement:

• Provided accounting guidance and drafted technical. accounting memos for segment reporting, reporting units, preferred stock and goodwill impairment.
• Documented high risk controls including those associated with the COSO framework.
• Created GL controls for AR and AP reconciliations.
• Developed controls and policy for expense accruals.
• Issued year-end lessons learned report with findings and recommendations.

Reinsurance Program Automation

• Assessed program materiality/ prioritization and drafted policy covering 46 reinsurance programs.
• Automated journal entry calculations for 15 programs, resulting in time savings of 1-2 weeks.
• Project managed template development, GL validation, and process implementation.
• Documented procedures for new automation template.
• Automated data for program reconciliations and trained staff on proper reconciliation procedures.

Our Accordion team partnered with and prepared the Company for a successful IPO. Accordion supported culture transformation and long-term sustainability as the Company transformed from a private to public organization. We partnered with the CFO and F&A function to accelerate and automate critical month-end close processes, improve the control environment, deliver technical accounting support, and lead IPO initiatives including project management and data delivery for the confidential and public S-1 filings.