Prepare financial statements for Insurance entities including accounting schedules and other management reports. Perform analysis of activity within businesses and serve as a point person with the business units. Responsible for premium and loss related accounting including reinsurance and related analysis and reporting.
PRIMARY DUTIES
- Insurance Accounting
- Process & support for premium & loss system.
- Perform reinsurance accounting and related entries for assigned reinsurance contracts.
- Prepare statutory or state-related insurance filings.
- Prepare underwriting analytical reports.
- Preparation of regulatory filings and support regulatory and rating analysis, including
- NAIC Annual statement, including Schedule P and F.
- NAIC Quarterly statement.
- Financial reporting preparation and analysis
- Account reconciliations and review of account reconciliations submitted.
- Preparation of financial reporting entries and other correcting or adjusting entries as necessary.
- Preparation of financial statements and documentation of variance analysis/business impact on financial results.
- Research and analysis of business trends and performance measures for business units.
- Draft Treasurer’s report template.
- Prepare and provide support for external auditors.
- Budgeting support to Business Units (BU)
- Provide support to BU managers to facilitate budget development.
- Input A&F information to budgets.
- Review BU budgets.
- Incorporate VFB management input and changes to budgets.
ADDITIONAL DUTIES
- All other duties as assigned by Assistant Director of Financial Reporting.
MINIMUM EDUCATIONAL/EXPERIENCE QUALIFICATIONS
- BS degree in accounting or finance or equivalent work experience.
- Minimum 3 years financial reporting and analysis experience.
- Minimum 3 years insurance industry experience.
MINIMUM SKILL QUALIFICATIONS
- Previous statutory accounting experience.
- Property and casualty insurance and reinsurance knowledge.
- Ability to analyze ledger accounts and prepare journal entries.
- Ability to draft and interpret financial reports and results.
- Good understanding of basic accounting principles, GAAP and SSAP.
- Ability to work effectively with minimal supervision.
- Strong proficiency with Microsoft Office Suite (Excel required).
- Strong analytical skills with solid business and financial acumen.
- Strong ability to logically solve problems.
- Excellent oral and written communication skills.
- Proven ability to work effectively independently and in a team environment.
- Good organization skills (prioritize, multi-task, and able to meet strict deadlines).
PREFERRED QUALIFICATIONS
- 5-10 years of experience in financial accounting and reporting.
- 5-10 years of experience in insurance industry.
- Previous experience with Microsoft Access.
- Previous experience with NetSuite.
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