Preparation of various general ledger journal entries.
Prepare monthly reconciliations for accounts receivable.
Prepare monthly or quarterly reconciliations for various other balance sheet accounts.
Completion of cash collection schedules for all business written.
Calculate state and line of business allocations for losses, premium taxes, commissions, and other expense accounts.
Assist in the calculation and reporting of liability treaty reinsurance amounts.
Process Concur payments for various Reinsurers.
Prepare Ad-hoc reports in excel as needed.
Prepare other reconciliations as assigned.
Providing additional support with special projects or Audit requests.
Demonstrate commitment to Company's Code of Business Conduct and Ethics, and apply knowledge of compliance policies and procedures, standards and laws applicable to job responsibilities in the performance of work.
Bachelor's degree in Accounting/Finance or equivalent insurance-related work experience is required.
Minimum of one year experience in accounting/finance or related field.
Strong verbal and written communication skills.
Proven critical thinking skills that demonstrate analysis/judgment and sound decision making with focus on attention to detail and quality awareness.
Strong organizational skills with the ability to work independently and deal with multiple tasks simultaneously.
Strong computer skills, including 2010 Microsoft Office, as well as accounting/GL software (EAS preferred).
According to the US Bureau of Labor Statistics (BLS), employment of insurance sales agents is projected to grow 5 percent from 2019 to 2029, faster than the average for all occupations. Many clients do their own research and purchase insurance online. However, agents will still be needed to help clients understand their options and choose a policy that is right for them.
Employment of insurance underwriters is projected to decline 6 percent from 2019 to 2029. Automated underwriting software allows workers to process applications more quickly than before, reducing the need for as many underwriters.
Employment of claims adjusters, appraisers, examiners, and investigators is projected to decline 6 percent from 2019 to 2029. Technology is expected to automate some tasks currently performed by these workers.
According to BLS, the median annual wage for insurance sales agents was $52,180 in May 2020.
The median annual wage for insurance underwriters was $71,790 in May 2020.
The median annual wage for claims adjusters, examiners, and investigators was $68,270 in May 2020.
The median annual wage for insurance appraisers, auto damage was $65,550 in May 2020.