Insurance Senior Accountant

Job Title:Insurance Senior Accountant

Location:Clearwater FL (Onsite)

Job Summary:

Summary:

The Insurance Senior Accountant applies principles of both STAT and GAAP accounting to prepare financial reports and to analyze financial information.

Essential Duties and Responsibilities:

• Compiles and analyzes financial information to prepare entries to accounts such as general ledger accounts documenting business transactions.
• Possesses a strong understanding of earned premium assumed premium and ceded premium and how to record on the financial statements.
• Prepares NAIC quarterly and annual filings
• Prepares reinsurance settlement statements
• Calculates and files quarterly Premium Tax due to various states within which we are licensed.
• Distributes expenditures encumbrances receipts and receivables according to schedules.
• Performs statistical analyses to determine trends estimates and significant changes and writes narrative reports explaining findings.
• Performs variance and ratio analysis and presents results to upper management.
• Performs detailed reconciliation for both cash accounts and intercompany loan accounts to ensure that both sides of each area balance on the accounting system. Determines cash needs for Single Business Units (SBUs). Performs bank reconciliations and set up ACH for expenditures.
• Analyzes financial information detailing assets liabilities and capital and prepares balance sheet profit and loss statement and other reports to summarize and interpret current and projected company financial position for other managers.
• Audits contracts orders and vouchers and prepares reports to substantiate individual transactions prior to settlement.
• Determines proper handling of financial transactions and approves transactions within designated limits.
• Monitors compliance with generally accepted accounting principles (GAAP) Statutory Accounting Principles (SAP) and company procedures.
• Reviews investigates and corrects errors and inconsistencies in financial entries documents and reports.
• Installs modifies documents and coordinates implementation of accounting systems and accounting control procedures.
• Devises and implements system for general accounting. Consistently looks for ways to improve processes automating where possible.
• Designs and maintains pro formas for current and proposed contracts to determine pricing and profitability.
• Makes recommendations regarding the accounting of reserves assets and expenditures.
• Conducts studies and submits recommendations for improving the organizations accounting operation.
• Collects appropriate data and prepares federal state and local reports and tax returns.

Other Responsibilities:

• Adheres to the policies and procedures of the Premier Family of Companies
• Maintains strict confidentiality of client company and personnel information
• Demonstrates a strong commitment to the mission and values of the organization
• Adheres to company attendance standards
• Performs other duties as assignedSupervisory Responsibilities:NoneCompetencies:
• Strong organizational and interpersonal skills
• Excellent written and verbal communication skills
• Detail oriented
• Ability to multi-task and work independently
• Task oriented and deadline driven

Qualifications:

• At least four years of accounting experience required.
• At least two years of Insurance industry experience required.
• At least two years of Statutory accounting experience required.
• At least four years of GAAP accounting is required.

Education and/or Experience:

A Bachelor of Science degree in accounting is required. LOMA or other insurance industry designation is a plusCertificates Licenses Registrations:

Computer Skills:

Advanced knowledge of Excel required. Experience in QuickBooks preferred.

Must Have

STAT Reporting Experience

• Strong statutory accounting experience specific to insurance.
• Experience completing STAT month-end close.

GAAP Accounting Experience

• Solid GAAP reporting and month-end close experience.

Accident & Health (A&H) Insurance Experience

• Direct experience in the Accident & Health insurance industry.
• P&C-only candidates are not acceptable unless they also have A&H experience.

NAIC Regulatory Reporting

• Experience with NAIC filings and regulatory compliance.
• Exposure to Orange Yellow or Blue Books preferred.

Insurance Accounting Technical Skills

• Experience with IBNR loss ratios and persistency/attrition schedules.
• Ability to analyze and interpret insurance-specific financial metrics.

Software Proficiency
At minimum:

• MS Excel(Pivot Tables & VLOOKUPs)
• Knowledge of insurance financial systems (e.g. Oasis Clearwater premium tax software) is a strong plus.

Month-End Close Expertise

• Ability to own or contribute meaningfully to month-end quarter-end and year-end close cycles in an insurance environment.

On-site Availability

• Ability to work fully on-site in Clearwater FL (M-F 8 AM-5 PM).
• Willingness to relocate if not local.

Required Skills:

STAT Reporting ExperienceGAAP Accounting ExperienceInsurance ExperienceVLOOKUPsKnowledge of insurance financial systems