Staff Accountant

Position Overview

As a staff accountant at HAI Group, you will be a part of a team working on multiple companies preparing balance sheets, profit and loss statements, and other financial reports. Responsibilities include reconciling balance sheet accounts, analyzing trends, costs, revenues, financial commitments, and obligations incurred.

The staff accountant applies commonly used concepts, practices, and procedures within the insurance industry and relies on experience and judgment to plan and accomplish goals connecting business partners to financial concepts and regulations. The staff accountant continually educates themselves about the enterprise and diverse internal businesses.

Essential Functions

• Record financial transactions in the organization and report these transactions in financial statements, such as the balance sheet, income statement, and statement of cash flows.
• Develop monthly financial statements and variance analysis reports, as well as reconciliations for balance sheet accounts; (e.g., financial flash reports, supplemental summary financial reports).
• Record reinsurance transactions, including ceded and assumed premiums and losses as well as working with reinsurance partners in the tracking and recording of reinsurance recoverables.
• Partner with our Regulatory and Compliance team to ensure accuracy and timeliness of all statutory/non-profit filings.
• Perform specialized functions including facilitating filing of taxes (federal and state returns and estimated payments for multiple companies), banking, cash flow monitoring and investments.
• Assist the Audit team when tasked to examine financial accounts to ensure their accuracy and compliance with laws and regulations.
• Help to establish and maintain financial systems and controls to ensure accurate, timely, and sound financial operations.

Knowledge, Skills, Abilities:

• Accounting/ Finance subject matter expertise
• Knowledge of property-liability insurance company operations
• Knowledge of GAAP/STAT
• Understanding of relevant financial regulatory requirements.
• Solution oriented
• Adept communicator in both written and verbal areas
• Establish and maintain effective working relationships; team builder
• Analytical problem solver
• Familiar with financial databases and ability to analyze financial information.
• High degree of expertise with MS Office, specifically MS Excel
• Self-motivated
• Acts with a high degree of integrity
• Works to ensure finance and accounting continue to use audit management best practices to the benefit of the enterprise
• Flexible and change adaptable
• Assimilate and practically utilize new information
• Initiate and carry through responsibilities
• Identify challenges and solve problems
• Reacts to business challenges with a sense of urgency

Job Requirements

Required:

• Bachelor’s degree in accounting or related Financial Field
• 3 years of experience in the field or in a related area
• Must be legally authorized to work in the United States without the need for employer sponsorship, now or at any time in the future.

Preferred:

• Knowledge of property/casualty insurance operations and/or public/affordable housing

Work environment & Physical Demands

• Inside climate-controlled office building
• Ability to lift 25lbs
• <10% Travel
• Prolonged sitting and using a PC

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.

Department Overview

The Finance Team aligns best practice financial concepts and intended outcomes to the benefit and regulation of the HAI Group enterprise, Board of Directors and Strategic Committee. The source of financial decisions, the Finance Team builds partnerships across the enterprise and are seen as value added business partners providing advice and counsel. It is a cohesive team that values honest and open communication. A shared services department, the team produces actions for the successful business outcomes with internal constituents and with banks, brokers and re-insurers using critical thinking and complex problem-solving techniques. Empowered to take time to make the right decision, the Finance Team is committed to open, honest communications to all business partners.

Company Overview

HAI Group®[1], is the nation’s leading property-casualty insurance company founded by and dedicated to affordable housing organizations. While we are recognized as a pioneer of affordable housing insurance programs, insurance is not our only strength. We protect, preserve, and promote the sustainability of affordable housing with an array of products and services that support the challenges housing organizations face. Besides insurance, we offer risk management services, online training, and consulting services used by more than 1,500 housing organizations nationwide. Headquartered in Cheshire, Connecticut, HAI Group® was recognized as a Top Workplace in 2020, 2021, 2022, 2023 and 2024.

Cultural Objective

HAI Group contributes to a culture that creates a safe and healthy working environment and a space of inclusiveness and belonging for all by: exceeding our customers’ expectations, working collaboratively across the organization, embracing diversity, and demonstrating mutual respect and empathy.

HAI Group Benefits and Perks

• Bonus program eligibility
• Annual merit program
• Outstanding 401(k) program and non-elective contribution
• Flexible work schedules
• Generous paid time off, paid volunteer days and paid holidays
• Medical, vision and dental Insurance
• Company paid life, AD&D, short-term disability, and long-term disability coverage
• HSA, FSA and dependent care options
• On-Site wellness: Full gym and locker rooms, wellness initiatives, outdoor basketball and tennis court, picnic pavilion area
• Tuition reimbursement and loan repayment
• Professional development
• Community outreach

HAI Group is an Equal Opportunity Employer.

No agency submissions please. Resumes submitted to any HAI Group employee without a current, signed and valid contract in place with the HAI Group Recruiting team for this position will become the property of HAI Group and no agency fees will be paid.

[1] HAI Group® is a marketing name used to refer to insurers, a producer, and related service providers affiliated through a common mission, management, and governance. Property-casualty insurance and related services are written or provided by Housing Authority Risk Retention Group, Inc.; Housing Authority Property Insurance, A Mutual Company; Housing Enterprise Insurance Company, Inc.; Housing Specialty Insurance Company, Inc.; Innovative Housing Insurance Company Inc.; Housing Investment Group, Inc.; and Housing Insurance Services, Inc. (DBA Housing Insurance Agency Services, Inc. in NY and MI).