What are the responsibilities and job description for the Financial Associate position at Midway Insurance Management International?
Midway Insurance Management International, Inc. provides Claims Management and Adjusting Services.
We understand the insurance industry operates in a world where only the fittest will survive. It follows that our success is inherently linked to the success of our insurance partners. We understand that it takes creativity, resourcefulness and honest hard work to become a successful adjusting company.
We provide the solutions to the ever increasing demands of the insured, agents and brokers:
- Casualty
- Transportation
- Auto
- Litigation Management
- Program Management
- Individual Claims Assignments
- Consulting Services
- Administration
Position Overview:
The Financial Associate will play a critical role in supporting financial operations, including claims payments, financial reporting, and reconciliations. This role requires a detail-oriented professional with strong analytical skills, a solid understanding of financial processes, and experience in the insurance or financial services industry. The ideal candidate will thrive in a fast-paced environment and possess excellent problem-solving abilities.
Key Responsibilities:
- Assist with financial transactions, including payments, claims disbursements, and invoicing.
- Perform account reconciliations to ensure accuracy between internal systems, bank statements, and external records.
- Support monthly, quarterly, and annual financial reporting processes.
- Maintain and update financial records to ensure compliance with industry regulations and internal policies.
- Work closely with underwriting, claims, and accounting teams to streamline financial processes.
- Assist in preparing financial data for audits and regulatory reviews.
- Monitor outstanding balances and coordinate collections as needed.
- Identify discrepancies and collaborate with internal teams to resolve issues.
- Provide support for financial analysis
Financial Associate Skills and Qualifications:
Associate's or bachelor's degree in business, finance, accounting, or a related field; excellent mathematical skills; understanding of data privacy standards; integrity; honesty; customer-service skills; solid communication skills, both written and verbal; familiarity with business principles and practices; superior attention to detail; organizational skills; planning skills; problem-solving skills; analytical skills; critical thinking skills; computer skills, particularly with spreadsheets and calculation software.
Job Type: Full-time
Pay: $50,000.00 - $70,000.00 per year
Benefits:
- Dental insurance
- Health insurance
- Paid time off
- Vision insurance
Education:
- Bachelor's (Required)
Work Location: In person
Salary : $50,000 - $70,000
