Accounting Associate - Insurance

Overview

The Accounting Associate - Insurance plays a crucial role in managing financial information and ensuring compliance within the insurance industry. This role involves maintaining accurate financial records, analyzing financial data, and supporting financial reporting activities. The Accounting Associate - Insurance contributes to the overall financial health of the organization by providing essential accounting support and collaborating with various departments to facilitate efficient operations.

Key Responsibilities

• Manage accounts payable and accounts receivable processes for insurance-related transactions
• Assist in the preparation and review of financial statements and reports
• Conduct reconciliation of insurance premiums and claims
• Collaborate with underwriting and claims teams to ensure accurate financial data
• Participate in budgeting and forecasting activities
• Handle insurance-related audits and compliance requirements
• Contribute to the development and implementation of internal controls
• Support the annual financial audit process
• Process and monitor premium payments and disbursements
• Assist in financial analysis and variance explanations
• Provide administrative support for insurance accounting operations
• Ensure accuracy and completeness of financial records and transactions
• Assist in regulatory reporting and compliance with insurance accounting standards
• Utilize accounting software to maintain organized and up-to-date financial data
• Coordinate with external stakeholders, such as auditors and regulatory agencies
  
  

Required Qualifications

• Bachelor's degree in Accounting, Finance, or related field
• 1-3 years of relevant experience in insurance accounting or related financial roles
• Knowledge of insurance accounting principles and regulations
• Proficiency in Microsoft Excel and accounting software applications
• Understanding of financial reporting standards and procedures
• Strong analytical and problem-solving skills
• Ability to prioritize tasks and work in a fast-paced environment
• Attention to detail and accuracy in financial data management
• Effective communication and interpersonal skills
• Ability to collaborate with cross-functional teams and external partners
• Familiarity with insurance industry operations and processes
• Adherence to ethical and professional standards in financial management
• Certification such as CPA or CMA is a plus
• Knowledge of regulatory requirements for insurance financial reporting
• Ability to adapt to changing regulations and industry dynamics
  
  

Skills: accounting software,microsoft excel,accounting,analytical skills,financial reporting,cma,problem-solving,interpersonal skills,insurance,financial data,communication skills,financial analysis,detail-oriented,regulatory reporting,insurance accounting,cpa