Insurance Senior Accountant

Job Description

Job Description

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 reconciliations 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 (SBU's).  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.
• Devise and implement system for general accounting.  Consistently looks for ways to improve processes, automating where possible.
• Designs and maintains pro forms 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 organization's accounting operation.
• Collects appropriate data and prepares federal, state, and local reports and tax returns.

Other Responsibilities :

Supervisory Responsibilities :    None

Qualifications

Competencies :

Qualifications :

Education and / or Experience :