What are the responsibilities and job description for the Insurance Accounting Specialist position at Shiel Sexton?
About Shiel Sexton
Shiel Sexton offers specialized expertise across the commercial building process including Construction Management, Field Supervision, Green Building Expertise, Building Information Modeling (BIM), Safety Management, Quality Assurance, and more. Our employee owners share the same mission to deliver for our clients and to be recognized as the contractor of choice in each operational area.
As a 100% employee-owned company, Shiel Sexton offers a highly collaborative and fulfilling workplace that attracts the most innovative and creative minds who can thrive while working to reach their full potential. Exceptional people, exciting projects, and unlimited opportunity make Shiel Sexton a great place to work hard, expand your talents, and be rewarded for your efforts.
Our guiding principles of Integrity, Satisfaction, Expertise, Safety, Trust, and Relationships reinforce our mantra: We Build For People Who Expect More. These core principles have guided us since we began in 1962. Through many years, transitions in leadership and thousands of construction projects, we believe this foundation has been our competitive advantage and the reason people continue to value the Shiel Sexton experience.
Insurance Accounting Specialist
The Insurance Accounting Specialist role is essential to the corporate accounting function, focusing on insurance accounting and compliance with GAAP and statutory accounting principles. This individual will oversee financial prequalifications for Shiel Sexton’s trade partners, assist with the development and implementation of new corporate insurance initiatives, ensure accurate financial reporting, and provide analytical support for the company's insurance accounting operations.
Key Responsibilities:
- Manage day-to-day insurance accounting and processes in accordance with GAAP.
- Process premium invoices, claims payments, and other financial transactions in a timely manner.
- Maintain and reconcile general ledger accounts related to insurance transactions.
- Maintain insurance policy records
- Work closely with Operations teams and subcontractors to facilitate a smooth and inclusive financial prequalification process.
- Serve as visible point-of-contact for questions and challenges related to corporate SDI, CCIP, OCIP programs.
- Drive corporate insurance initiatives, as well as design and lead the implementation of new insurance programs.
- Prepare reporting and analysis for management; answer ad hoc enquiries from management.
- Collaborate with underwriting and claims partners.
- Conduct internal audits to ensure accurate accounting of insurance activities and compliance with industry regulations.
- Assist external auditors by providing necessary documentation and information, when requests.
- Report audit findings and make recommendations for improvements to management.
- Oversee budget and strategic planning preparation for corporate insurance programs.
- Assist with regulatory filings and compliance reporting.
- Develop and implement strategies to mitigate identified risks, in partnership with Operations and trade partners.
- Monitor changes in applicable laws and regulations that may impact corporate insurance policies or programs.
Qualifications:
- Bachelor’s degree in Accounting or Finance, , with construction industry experience and knowledge of GAAP. CPA or CMA certification preferred.
- Strong understanding of the construction insurance industry, as well as industry regulations and compliance requirements.
- Proficiency in ERP Accounting System (Vista Viewpoint preferred) and Microsoft Excel.
- Excellent analytical and problem-solving skills.
- Strong attention to detail and organizational abilities.
- Effective communication and interpersonal skills.
