Finance & Accounting Outsourcing - Senior Associate (Insurance Services)

 

Summary of Responsibilities:

 

The Senior Associate will work closely with the Cherry Bekaert FAO (Finance & Accounting Outsourcing) team, Consulting Managers, and the Insurance Industry Services Leader to provide accounting support, financial reporting and captive insurance management services and support for our clients in the insurance, service and related industries. The Sr. Associate will also assist in an administrative project management capacity, spearheading projects around accounting systems, claims systems, premium systems and processes. Responsibilities may change as deemed necessary and appropriate but will focus on captive management type services for insurance companies. This is a dynamic role working in a fun and rewarding environment with a high-performing team focused on client service and value-added interactions.

 

Essential Functions:

 

• To be accountable for client projects and deadlines.
• To assist with accounting and general business functions for our insurance clients (general ledger accounting and analysis, regulatory and management reporting, premium taxes, business meetings (Board/committee), certain accounting system functionality build-out project and financial reporting functions.
• Coordinate with the Insurance Services Leader regarding client service project management, as appropriate.
• Maintain workload that provides an average of 90% productivity (depends on position & level).

• Prepare and file insurance company internal financial statements, provide general ledger accounting support, and assist clients with annual registration and renewal and other required regulatory filings.
• Assist with financial compilations and NAIC and State insurance related regulatory filings and reporting.
• Assist with insurance underwriting and premium rating functions in compliance with client guidelines (accumulate information and analyze financial information).
• Maintain corporate governance files and organize/schedule updates and renewals.
• Calendar management and scheduling for client as it relates to company-wide meetings (client will dictate level of involvement).
• Organize, plan and assist in the execution of all facets of client events (Board Meetings and Conferences) as requested by client including hotel & travel, meals, materials, etc.
• Administer scheduling and act as project manager for one or more client committees.
• Perform monthly general ledger accounting & analysis and manage Accounting Services bookkeeping functions, as needed.

• Develop technical expertise (over time) around statutory and US GAAP accounting for insurance companies.
• Prepare and index working papers.

• Complete special projects as requested by client or Insurance Services team manager.

• Actively establish plans to meet deadlines in advance and maintain accountability for self and client-assigned tasks keeping Manager informed of progress.

• Actively seek most efficient approach in adding value to jobs eliminating ineffective, non-value-added tasks.
• Other duties assigned as needed.

 

Education, Experience, and Skills:

• Bachelor’s Degree (Accounting preferred) from an accredited college or university required, minimum of 2+ years of accounting experience. Insurance accounting experience is a plus, but not required (we can teach you this type of accounting)
• Active CPA license preferred but not required.
• Adherence to strict confidentiality.

• Attention to detail is crucial for success in this role.

• Proven, strong organizational capabilities.
• Able to manage multiple projects/timelines.
• Proficiency in various Microsoft Office Suite software including but not limited to Excel, Word, Power Point as well as other commonly used applications such as Adobe, Outlook etc. Past experience with Sage, Sage Intacct, and QuickBooks a plus.
• Ability to work without detailed supervision and ability to work with others in a team setting.
• Working experience with Executive Leadership and an understanding of general corporate governance processes.
• Prior insurance accounting experience would be helpful, but not required as we have a strong training program for anyone meeting the above experience requirements.

Expectations:

• Respect and earn the respect of fellow team members.
• Strong interpersonal and communication skills.
• Communicate and handle incoming and outgoing electronic communications on behalf of client and Firm in a competent and professional m