Insurance Accountant
INSURANCE ACOUNTANT
Major Accountabilities:
- - Responsible for the monthly partner reporting process to ensure all business and cash is accurately/timely received, recorded, and reconciled.
- - Perform all quarterly close activities including but not limited to GL account reconciliations, bad debt reserve valuation, sliding scale commission accrual and actual calculations, and all other special rated calculations.
- - Building strong collaborative relationships with key partners in Finance, Operations, Claims, Pricing and Technology to drive cross functional process changes that optimize efficiencies.
- - Manage the onboarding of new insurance partners including coordination with the Insurtech, insurance partners and TPA’s for both assumed and direct business.
- - Responsible for understanding and verifying all insurance data received from our insurance partners.
- - Maintain an understanding of all insurance contracts in order to manage the terms of settlement and calculation of commissions.
- - Perform monthly and quarterly analytics and analysis of our business and financial results.
- - Assist with the quarterly financial reporting processes including Statutory, IFRS, and management reporting.
- - Responsible for implementing efficient work processes and optimizing automated system capabilities.
- - Maintain compliance with internal controls over financial information and operations
- - Providing oversight and monitoring for loss, reinsurance accounting, and compliance with accounting policies and processes.
- - Maintain compliance with internal controls over financial information and operations including relevant internal control compliance and testing within the MAR/SOX control framework
- 5+ Insurance/reinsurance accounting experience preferred
- CPA or Public accounting experience preferred
- CPCU or other professional insurance certification preferred
- Knowledge of IFRS and U.S. Statutory Accounting Principles
- Knowledge of designing, implementing and monitoring internal controls
- Proficient with Microsoft Office applications (Excel, Word, PowerPoint)
- Proficient working within a General Ledger operating system(s) and working with data retrieval tools
- Ability to analyze data, identify trends and anomalies, and effectively communicate the findings
- Strong financial analysis skills
- Excellent interpersonal skills, with ability to influence without direct authority
- Strong team orientation, collaborating with co-workers and clients to develop and implement solutions
- Excellent communication and presentation skills (written and oral)
- Agility and ability to work in ambiguous situations
- Strategic thinking and planning capabilities with strong insurance business acumen
- Results-oriented - demonstrates self-motivation and creativity
- Willing to travel up to 10% as needed