Policy Accounting Consultant

Responsibilities

• Daily Reconciliation and Accounting Activities:
  • Run Tableau reports and review policy-level accounting activity for completeness and accuracy.
  • Perform daily reconciliations for premiums, separate account activity, units, commissions, NACHA transactions, loan payments.
  • Update and validate asset-based service fee payments maintained in a Microsoft Access database.
  • Maintain the audit log for policy disbursements, including surrenders, death claims, withdrawals, and loans.
  • Research and resolve reconciliation differences, working with appropriate business partners.
  • Ensure reconciliation results, explanations, and supporting documentation are complete and compliant with audit requirements.
  • Aid in special projects and other accounting activities as needed.
• Month-End Close Activities:
  • Prepare general ledger journal entries.
  • Upload journal entries to the SAP general ledger accounting system.
  • Reconcile monthly balance sheet accounts, including surrender clearing and Death Course of Settlement.
  • Prepare and distribute scheduled accounting and operational reports.
  • Support the timely and accurate completion of month-end close requirements.

Requirements

• Experience with debit and credit transactions and a strong understanding of accounting principles.
• Proven account reconciliation experience, with the ability to identify and resolve discrepancies accurately and efficiently.
• Ability to work effectively in a collaborative team environment while maintaining strong independent work habits.
• Demonstrated curiosity, initiative, and adaptability, with the capability to learn new processes and take on additional responsibilities as needed.
• Reliable team player who can cross-train and provide coverage for colleagues during PTO and other absences, ensuring continuity of operations.
• Strong reconciliation, analytical, and problem-solving skills.
• Advanced Microsoft Excel skills.
• Insurance, life insurance, or policy accounting experience is a plus.
• Strong attention to detail and organizational skills.
• Ability to manage multiple priorities and meet established deadlines.
• Ability to work independently while contributing effectively in a team environment.
• Strong written and verbal communication skills.

Qualifications

• High school diploma or equivalent.
• Minimum of 2 years of relevant experience in policy accounting or related field.
• Knowledge of financial services industry practices and regulations.
• Proficiency in Microsoft Office Suite, particularly Excel.

Skills

• Accounting principles and practices.
• Reconciliation and analysis techniques.
• Collaborative teamwork and leadership.
• Problem-solving and critical thinking skills.
• Microsoft Excel proficiency.

Benefits

• 401(k) Retirement Savings Plan administered by Merrill Lynch.
• Commuter Check Pretax Commuter Benefits.
• Eligibility to purchase Medical, Dental & Vision Insurance through ECLARO.