Accounting Manager

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profile Job Location:

Chicago, IL - USA

profile Monthly Salary: $ 99200 - 124000
Posted on: 9 hours ago
Vacancies: 1 Vacancy

Job Summary

FOCUS provides cloud-based core administration solutions (FOCUS Tech) and services (FOCUS Insurance Services) for P&C insurance companies and Tech applies decades of insurance experience to developing solutions that complement the companys extensible InFocus Platform including self-service digital portals configuration tools and real-time risk management functionality while the FOCUS Insurance Services teams deploy policy billing and claims solutions with intuitive automation of workflows and artificial intelligence (AI) applications via state-of-the-art cloud technologies and robust APIs. Through proven technology and quality services FOCUS is taking the risk out of insurtech for small mid-size and growth-focused insurance organizations.

We are seeking an experienced and detail-oriented Accounting Manager at FOCUS to oversee core accounting operations at our insurance company. This role will manage day-to-day accounting activities support timely financial reporting and improve decision making vision driven and growing organization. Working in the Finance team at FOCUS means that youll always be presented with a variety of new possibilities as you continue to enhance your skills within the Insurance space. The ideal candidate brings a strong understanding of the insurance industrys financial regulations and the ability to lead and mentor a small team. This position will report to the Director of Finance and is a hybrid role at our office in Chicago.

What Youll Do

Financial Reporting: Oversee month-end close processes like posting/reviewing journal entries reconciling balance sheet accounts preparing monthly financial statements and other accounting/finance responsibilities. Interpret complex financial information and provide updates including variance analysis and identifying trends

Core Accounting: Oversee general ledger maintenance including but not limited to trial balance accounts payable accounts receivable accruals pricing and fixed assets. Review investigate and correct errors and inconsistencies in financial entries documents and reports. Lead reconciliations of key accounts including premiums claims reserves reinsurance and investments. Approve vendor bills and expenses.

Audit & Compliance: Assist in the annual audit including preparation of PBC items support for audit samples timely response to testing questions and preparation of various footnote schedules within the audited financial statements. Liaise with the compliance department to complete periodic state and federal filings.

Business Partnership: Collaborate closely with FOCUS FP&A and financial operations teams to continuously improve workflow. Have a Hands on mentality with the ability to work both independently and collaboratively with FOCUS internal departments and PEAK6 Finance on their ad-hoc projects.

Automation and Controls: Proactively identify opportunities to implement efficiencies and internal controls accounting policies and play a key role in the development of cross-business standardization and implementation of accounting processes and automation platforms across FOCUS and PEAK6. Contribute to the enhancement of allocation methodologies.

Strategy and Planning. Support initiatives of FP&A Manager Director of Finance and senior management. Assist with budgeting forecasting operating plans and long-term strategic forecasts. Act as a liaison between accounting and other departments to ensure alignment of goals and consistency in processes.

Essential:

  • Bachelors degree in Accounting Finance or a related field
  • 5-7 years of progressive accounting experience in a multi-entity organization
  • Experience in the P&C Insurance strongly preferred
  • Advanced Excel skills and experience with various ERP systems
  • Strong knowledge of U.S. GAAP and Statutory Accounting Principles
  • Ability to communicate complex financial information clearly and effectively.
  • Strong grasp of income statement balance sheet and cash flow statements along with the ability to analyze financial results and assess impact of business decisions.
  • Strong written verbal communication and presentation skills must be able to convey information to all levels of the organization in a clear focused and concise manner

Nice to have

  • CPA Preferred
  • Experience with NetSuite Workday Adaptive FloQast are a plus
  • Experience working in a carrier environment with exposure to reinsurance accounting and investment reporting
  • A tech-forward approach to managing day-to-day tasks we love to automate and make things more efficient and so should you!
  • Proficient with generating visual graphs and creating impactful slide presentations
  • The desire to partner and collaborate with various teams across the organization.
  • Ability to provide value-added management reporting including ad-hoc requests to help the organization
  • Wants to be part of a team that wins
  • All our team members have these traits. You should too.

Why join FOCUS

The FOCUS Difference:

  • Medical Dental Vision Life Pet; Flexible Spending Account
  • Competitive Salaries
  • 401K Match
  • Work-Life Balance: Personal Days PTO Days 12 Paid Holidays Two Paid Days for Volunteer Service Paid Parental Leave
  • Short and Long-Term Disability
  • Employee Support Programs Including Mental Health
  • Tuition Reimbursement
  • Matching Charitable Gift Program
  • Lucrative Referral Program
  • Commuter Benefits
  • Flexibility: Remote and Hybrid Opportunities Available

Founded by PEAK6 Investments in 2021 FOCUS began with the vision to challenge the status quo of the insurance industry and to revolutionize with our subsidiaries We Insure and FOCUS we know its not about the corporation its about the people. At its heart FOCUS works on developing and implementing innovative technology and processes to serve its customers better. Whether propelling the insurance industry to run more efficiently or bringing together diversified businesses that span the entirety of the insurance lifecycle FOCUS is dedicated to democratizing insurance and giving customers the power to choose.

This position is not able to be performed in California Colorado New York or Washington.

EEO

FOCUS is an equal opportunity employer that does not discriminate on the basis of race color religion sex (including pregnancy sexual orientation and gender identity) national origin age disability veteran status marital status or any other protected characteristic. Our hiring practices ensure that all qualified applicants receive fair consideration without regard to these characteristics.

Disability

FOCUS is committed to creating an inclusive and accessible workplace for all candidates including those with disabilities. We are dedicated to ensuring equal employment opportunities and providing reasonable accommodations to qualified individuals with disabilities. If you require reasonable accommodations to participate in the application or interview process please contact our HR department at We will work with you to provide the necessary accommodations to ensure your full participation in our hiring process.

Note to applicant: It is unlawful in Massachusetts and Maryland to require or administer a lie detector test as a condition of employment or continued employment. Please know that our company does not use lie detector tests in our hiring process.

Base Salary Range

$99200-$124000

Required Experience:

Manager

FOCUS provides cloud-based core administration solutions (FOCUS Tech) and services (FOCUS Insurance Services) for P&C insurance companies and Tech applies decades of insurance experience to developing solutions that complement the companys extensible InFocus Platform including self-service digital ...
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Key Skills

  • Internal Audit
  • Supervising
  • Data Entry
  • Compliance
  • Customer Service
  • Accounting & Finance
  • General Ledger Accounting
  • IFRS
  • External Audit
  • Microsoft Excel
  • ERP
  • Payroll
  • Financial statement
  • ACCA
  • CPA