Insurance Senior Accountant

Summary :

The Insurance Senior Accountant applies principles of both STAT and GAAP accounting to prepare financial reports and to analyze financial information.

Essential Duties and Responsibilities :

• Compiles and analyzes financial information to prepare entries to accounts such as general ledger accounts documenting business transactions.
• Possesses a strong understanding of earned premium assumed premium and ceded premium and how to record on the financial statements.
• Prepares NAIC quarterly and annual filings
• Prepares reinsurance settlement statements
• Calculates and files quarterly Premium Tax due to various states within which we are licensed.
• Distributes expenditures encumbrances receipts and receivables according to schedules.
• Performs statistical analyses to determine trends estimates and significant changes and writes narrative reports explaining findings.
• Performs variance and ratio analysis and presents results to upper management.
• Performs detailed reconciliation for both cash accounts and intercompany loan accounts to ensure that both sides of each area balance on the accounting system. Determines cash needs for Single Business Units (SBUs). Performs bank reconciliations and set up ACH for expenditures.
• Analyzes financial information detailing assets liabilities and capital and prepares balance sheet profit and loss statement and other reports to summarize and interpret current and projected company financial position for other managers.
• Audits contracts orders and vouchers and prepares reports to substantiate individual transactions prior to settlement.
• Determines proper handling of financial transactions and approves transactions within designated limits.
• Monitors compliance with generally accepted accounting principles (GAAP) Statutory Accounting Principles (SAP) and company procedures.
• Reviews investigates and corrects errors and inconsistencies in financial entries documents and reports.
• Installs modifies documents and coordinates implementation of accounting systems and accounting control procedures.
• Devises and implements system for general accounting. Consistently looks for ways to improve processes automating where possible.
• Designs and maintains pro formas for current and proposed contracts to determine pricing and profitability.
• Makes recommendations regarding the accounting of reserves assets and expenditures.
• Conducts studies and submits recommendations for improving the organizations accounting operation.
• Collects appropriate data and prepares federal state and local reports and tax returns.

Other Responsibilities :

Qualifications :

Education and / or Experience :

A Bachelor of Science degree in accounting is required. LOMA or other insurance industry designation is a plus Certificates Licenses Registrations :

Computer Skills :

Advanced knowledge of Excel required. Experience in QuickBooks preferred.

Environmental Factors / Physical Demands :

Work is performed in an office environment. While performing the duties of this job the employee is regularly required to have the ability to maintain active customer and employee communication; access input and retrieve information from the computer system; enter alpha- numeric data into a computerized system often while listening on the telephone. May be subject to repetitive motion such as typing data entry and vision to monitor. May be subject to bending reaching kneeling stooping and lifting to thirty (30) pounds.

Key Skills

Customer Service,General Services,Advocacy,Bank Operations,Events & Exhibitions,AX

Employment Type : Full Time

Experience : years

Vacancy : 1