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Staff Accountant

OMS NATIONAL INSURANCE CO
Schaumburg, IL Full Time
POSTED ON 4/1/2023 CLOSED ON 5/31/2023

What are the responsibilities and job description for the Staff Accountant position at OMS NATIONAL INSURANCE CO?

 

Are you looking for your professional place to be! A place where they will train you as though you can leave but will treat you so well that you would not want to! Then consider this great opportunity for a motivated and career driven Accountant looking to develop and further expand his/her professional skills and grow with a stable and well-established company.

OMSNIC (OMS National Insurance Company) is the leading provider of professional liability insurance to OMS (Oral and Maxillofacial Surgeons) nationwide. OMSGuard from OMSNIC is the standard of excellence in OMS practice protection and the only liability program dedicated to the complex practice of oral and maxillofacial surgery.

Our contemporary office boasts a friendly and collaborative environment. Our company offers opportunity for professional expression, development and growth in a steady and work/life balanced culture. We offer a competitive salary and attractive benefits package including health, dental and vision plans, 401k plan, deferred compensation plan and a generous paid time off. Our office is a hybrid model working 2 days in the office.


Essential Duties and Responsibilities: 

    Applies principles of accounting to analyze financial information and prepare financial reports

    Complies and analyzes financial information to prepare entries to accounts, such as general ledger accounts, documenting business transactions

    Prepares monthly internal Financial Statements and analyzes financial information detailing assets, liabilities, and capital, and prepares balance sheet, profit and loss statement, and other reports to summarize and interpret current and projected company financial position for management

    Records quarterly and year-end accrual entries  

    Collects appropriate data and assists in the preparation of federal, state, and local tax returns 

    Reconciles bank statements 

    Maintains various schedules and workpapers for month-end financial close processing 

    Records and reconciles monthly investments, files investment confirms, analyzes investment impairment, prepares quarterly investment analysis and investment budget schedules 

    Assists in budget preparation and interprets current and forecasted/budgeted company financial position results 

    Maintains fixed assets 

    Prepares monthly commission statements for agents 

    Prepares various PowerPoint slides and underlying data for claims, finance and policy analysis

    Files regulatory items with the State Insurance Departments

    Assists in preparation of interim and annual audits 

    Assists in the completion of NAIC quarterly and annual statements 

    Research and documents new SSAPs, EITFs and FASBs 

    Assist in documenting departmental procedures and internal controls 

    Assists in departmental projects as needed

Qualifications:

    Degree in finance or accounting from a 4-year college or university; degree with concentration in Accounting highly preferred; will consider equivalent combination of education and professional experience

    Previous or current public accounting experience preferred

    Audit experience is a plus

    Proficiency with Microsoft Suites (Excel, Word, PowerPoint, Outlook) required

Competencies:

    Superior verbal and written communication skills

    Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations

    Ability to write reports, business correspondence, and procedure manuals

    Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public

    Detail-oriented

    Good organizational skills

    Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume 

    Ability to apply concepts of basic algebra and geometry 

    Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists

    Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form 

    Interact courteously and professionally with all OMSNIC employees (including staff, managers and executives), board and committee members, agents, policyholders and vendors

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