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Magda Assenov

Magda Assenov

Magda is a Senior Director with more than 15 years of experience in the insurance industry with key areas of expertise including, but not limited to, implementation of internal controls and Sarbanes-Oxley(SOX), process improvement, build out of key performance indicator’s (KPI’s), and Initial Public Offering (IPO) readiness.

Before joining Accordion, Magda worked at ProSight Specialty Insurance for seven years. She joined the company when it was a startup in 2014, and in 2019 played an integral part in the company’s successful IPO process.

At ProSight, Magda worked in Internal Audit where she implemented and documented operational and financial internal controls and processes. Subsequently, she transitioned from Internal Audit to Finance and was the lead on various cross-functional projects including the build out of KPI’s within the business intelligence tool, Tableau. She was also the lead on implementing SOX across the entire organization.  In addition, she was heavily involved in the IPO process and coordinated with teams such as financial reporting, outside counsel, underwriters, investor relations, and external auditors on the completion and comfort of the S-1 document.

Before ProSight, Magda worked at Plymouth Rock Assurance where she audited financial and operational internal controls. She also worked in Claim Operations where she was responsible for reporting and analytics.

Magda started her career in the audit practice of Deloitte & Touche where she was responsible for performing and reviewing audit procedures, financial transactions, and reviews of 10Q’s and 10K’s.

Magda graduated from Rider University with a B.S in Accounting and from Centenary College with an M.B.A in General Business.

“For our own success to be real, it must contribute to the success of others.” - Eleanor Roosevelt

Something You Should Know

  • Passionate about tennis, and a big Roger Federer fan. In 2019, bought a last minute ticket to London to see Roger play live in the Wimbledon final. Thanks to the time difference she purchased the ticket on Friday, flew to London on Saturday, watched Roger play on Sunday and then flew back to the US on Sunday evening and was on time for a Monday morning meeting.
  • As of recently became a soccer fan, with favorite team Arsenal. This has brought some friction at home, as her fiancé is a Manchester United fan.
  • Lives near the shore, and during downtime enjoys jet skiing and fishing.
  • Immigrated from Poland to the United States at the age of 12, and did not speak any English at the time.

Noteworthy

  • In the year, 2014 was given the ProSight Ambassador award for successful cross-functional teamwork, and for making a business and cultural impact.
  • In the year, 2011 was a recipient of the President’s award at Plymouth Rock for her contributions on the year-end audit, which resulted in an audit fee reduction.