Overview
Tasks involve managing financial records, processing transactions, and ensuring accuracy in financial reporting for the agency’s operations. Key responsibilities include handling premiums, reconciling accounts, preparing financial statements, and assisting with audits and regulatory filings. The role also involves tasks like managing accounts payable and receivable and maintaining general ledger accounts.
Typical Duties and Responsibilities:
· Processing Insurance Transactions: This includes recording premiums and other related transactions.
· Reconciling Accounts: Regularly balancing and verifying financial records to ensure accuracy and identify discrepancies.
· Preparing Financial Statements: Generating monthly, quarterly, and annual financial reports, including balance sheets, income statements, and cash flow statements.
· Assisting with Audits: Supporting both internal and external audits by providing necessary documentation and information.
· Managing Accounts Payable and Receivable: Ensuring timely payments to vendors and accurate recording of payments from clients.
· Maintaining General Ledger: Keeping accurate and up-to-date records of all financial transactions.
· Supporting Regulatory Filings: Assisting with the preparation and filing of various state and municipal premium tax filings and other regulatory reports.
· Intercompany Ledger Management: Maintaining and reconciling records for transactions between different entities within the agency or related companies.
· Financial Analysis: Participating in financial analysis, budgeting, and forecasting to support the agency’s financial planning.
· Communication and Collaboration: Effectively communicating with other team members, insurance carriers, and external vendors.
Skills and Qualifications:
* Strong analytical and problem-solving skills: Ability to analyze financial data, identify trends, and solve accounting-related issues.
* Excellent communication and interpersonal skills: Effectively communicating with colleagues, clients, insurance companies and vendors.
* Organizational and time management skills: Ability to manage multiple tasks, meet deadlines, and maintain accurate records.
* Knowledge of insurance industry practices: Familiarity with insurance accounting principles, regulations, and terminology is highly beneficial.
* Experience with statutory accounting principles: Understanding the specific accounting rules and regulations for insurance companies.
* Ability to work independently and as part of a team: Demonstrated ability to collaborate effectively with others and work independently on assigned tasks.
* Attention to detail and accuracy: A commitment to ensuring the accuracy and reliability of financial data.
* Experience with financial reporting: Familiarity with preparing various financial statements and reports.
Understanding of internal controls: Knowledge of how to implement and maintain proper internal controls to prevent errors and fraud.
* Experience with Microsoft Office Suite: Proficiency in Excel, Word, and other Microsoft Office applications.