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About the Role
The position is responsible for all accounting tasks, including recording premiums and losses, and applying cash to open receivables. This role will manage a book of business, interact with various departments and agencies, and produce timely and accurate financial reporting.
Responsibilities
- Manage all aspects of accounting activities related to delegated authority programs.
- Process monthly and quarterly premium and cash activity for assigned programs.
- Reconcile and track premium receivables for all assigned programs.
- Process cash received monthly and apply to open premium receivable balances.
- Follow up with Agency regarding status of open balances.
- Calculate reinsurance transactions according to contracts.
- Prepare Reinsurance Statements monthly.
- Process all Reinsurance related cash activity and update applicable sub-ledgers.
- Prepare monthly reconciliation of sub-ledgers to general ledger.
- Prepare manual adjustments for Quarter Closing process.
- Produce Quarterly P&Ls for the respective business assigned.
- Assist with financial audits.
- Handle all special projects and financial analysis as assigned by management.
Requirements
- Highly proficient with Excel, including strong knowledge of vlookups, pivot tables and data management.
- Proficient with MS Word and Outlook.
- Working knowledge of Workday Financials or other cloud ERP systems.
- Exemplary oral and written communication skills.
- Analytical with a keen ability to think through issues.
- Proactive and able to organize and prioritize to meet multiple demands and commitments.
- Ability to improve and evaluate processes to identify opportunities for improvement.
Skills
- Excel
- MS Word
- Outlook
- Workday Financials
- Cloud ERP systems
- Reconciliation
- Financial reporting
- Data management
- Communication skills
- Analytical thinking
- Process improvement
Location
- JC/Garden City
- CT/PA
Work Type
- Full-time
Experience Level
- 2 to 5 years
Education Level
- Bachelor’s Degree in Accounting
Salary/Compensations
- $61,500 - $98,400/year
- $55,300 - $88,500/year
Benefits
- Multiple medical plans plus dental, vision and prescription drug coverage
- Competitive 401k with generous matching
- PTO beginning at 20 days per year
- Up to 12 paid company holidays per year
- 2 paid days of Volunteer Time Offer
- Basic Life and AD&D Insurance
- Short and Long-Term Disability
- Paid Parental Leave of up to 10 weeks
- Student Loan Assistance
- Tuition Reimbursement
- Backup Child and Elder Care
About the Company
- Company culture rooted in collaboration, expertise and innovation.
- Aim to promote progress and inspire clients, employees, investors and communities to achieve their greatest potential.
- Work is the catalyst that helps others achieve their goals.
- We Enable Possibility℠.
Equal Opportunity
- Arch Insurance Group Inc.