Staff Accountant

With a multinational global team, Davies Group is a specialist professional services and technology firm working in partnership with leading insurance, highly regulated, and global businesses.

At Davies Group, we help clients to manage risk, operate core business processes, and to transform and grow. We deliver operations, consulting and technology solutions across the risk and insurance value chain, including excellence in claims, underwriting, distribution, regulation, customer experience, human capital, transformation, and change management. 

In 2020, Davies North America acquired TriPlus Services Inc., and later in 2021, acquired Disability Management Services Inc., both third party companies that provide a range of insurance services to clients. These acquisitions, now known as Davies Life and Health, have allowed the Davies Group to become leaders within the insurance industry, sharing their knowledge and expertise regarding claims, policy administration, actuarial services, consulting services, and management solutions to help meet the needs of their clients.

Are you looking for a company that is Dynamic and Innovative where the employees are Connected and Succeed Together?  If so, Davies may just be the right choice for you.

Job Overview 

Davies Life & Health is looking for a Staff Accountant who will be responsible for the management of accounting activities for various clients, such as maintaining financial records and reports, performing account reconciliations, validating, and remitting tax withholdings, and maintaining documentation on all procedures and deliverables. As the Staff Accountant, you will communicate frequently with our clients while working with other departments to resolve accounting discrepancies. You will report directly to the Director of Insurance Accounting and will be responsible for building and maintaining effective relationships with co-workers, clients, and vendors to ensure accuracy in all accounting activities. This position requires the ability to accurately maintain a general ledger and ensure compliance with Statutory Accounting Principles (SAP) as required by our clients.

To be successful in this role, you should have at least 2-4 years of accounting experience, which includes a solid understanding of Positive Pay & ACH files, general ledger preparation and posts, reconciliation of cash deposits, along with strong analytical and numerical skills. You should possess the ability to communicate clearly, adapt to change well, complete work in a timely manner & pay close attention to detail. This is a full time, salary, hybrid position. You must be available to work three days during the workweek in our Springfield, Massachusetts office. 

Responsibilities and Duties

• Prepare and post journal entries in the general ledger
• Reconcile cash deposits and disbursements to the general ledger on a daily basis
• Upload Positive Pay and ACH files to client bank accounts and follow up on exceptions
• Respond to check inquiries and stop payment requests 
• Reconcile bank accounts on a monthly basis
• Perform reconciliation of balance sheet accounts on a monthly basis and ensure completion of all client deliverables
• Post, track, and settle reinsurance activity
• Calculate funding requirements on weekly or monthly basis
• Respond timely to client requests and prepare information in a concise and orderly manner
• Prepare quarterly and annual reports as required by clients
• Reconcile and prepare yearend tax filings such as sick pay statements, 1099s and W-2 forms
• Follow escheatment of abandoned property procedures 
• Validate and remit tax withholdings, perform related tax reporting
• Maintain current documentation on all procedures and deliverable requirements
• Handle sensitive information in a confidential manner
• Develop and maintain effective relationships and communication with co-workers, clients, and vendors
• Participate in special projects and perform other related job functions 
• Assist client with audit requests and any additional information/data requests
• Support company values of We are Dynamic, We are Innovative, We are Connected, and We Succeed Together
• Perform other duties as assigned

Experience and Qualifications

Required

• 2-4 years of accounting experience 
• Proficient with Excel and other Microsoft Office Suite or related software
• Strong analytical and numerical skills with a thorough knowledge of general ledger and account reconciliation
• You must be available to work three days during the workweek in our Springfield, Massachusetts office

Preferred