Staff Accountant, 3284

About the role

This is a hybrid role, with a minimum of one day required in the Itasca, IL office.

Responsibilities

• Establish, maintain and review accounting records including monthly production recording, premium accounts receivable, and potentially other related financial transactions.
• Prepare and/or key journal entries into the general ledger system.
• Track and resolve outstanding payment issues; generate invoices, statements, and monthly reports in a timely manner.
• Communicate and coordinate with internal and external stakeholders (program administrators, TPAs, carriers, reinsurers, outside service providers) to reconcile receivables, production data, and other accounting issues.
• Process day-to-day financial transactions to maintain accurate and up-to-date accounting records (including general ledger).
• Monitor premium trust bank account and prepare deposits for recording cash in general ledger.
• Reconcile monthly account current submissions from program administrators to production reports, receivables, cash, and general ledger.
• Reconcile daily premium payments from insureds and communicate directly with insureds on payment discrepancies.
• Maintain accurate aging reports and prepare monthly reports as required.
• Review and reconcile program administrator monthly premium production reports; communicate with administrators and data team on problem resolution.
• Reconcile payment bordereaux and monthly payments to the carriers; complete payments and entries in the general ledger.
• Research, track, and resolve accounting or documentation problems and discrepancies to ensure accuracy of general ledger, internal, and external reports.
• Prepare journal entries, account reconciliations, and other duties as part of the quarterly financial close.
• Manage relationships with program administrators, agents/brokers, carriers, reinsurers, claims TPAs, and third parties while balancing stakeholder interests.
• Assist as needed in the preparation of program administrator and general/retail agent audits.

Requirements

• 5+ years of agency or carrier insurance experience required.
• Ability to meet deadlines, prioritize, and multitask.
• High level of demonstrable skills with MS Office (notably Excel).
• Proficient in the use of general ledger software; ConceptOne a plus.
• Strong interpersonal and organizational skills; strong communication skills, both written and verbal.

Desired qualifications

• Undergraduate degree in accounting or finance preferred.

Skills

• Financial Acumen
• Action Oriented
• Optimizes Work Processes
• Decision Quality
• Communicates Effectively

Travel

5% – Domestic travel with overnight stays.

Pay

Total Compensation (Inclusive of Base + Bonus): $74,200 – $100,400

Benefits

• Comprehensive medical, dental, and vision
• Paid Time Off (PTO)
• Company provided life insurance and disability benefits
• 401(k) and profit sharing
• Additional ancillary benefits available