Insurance Accountant

Overview

This role involves working as an Insurance Accountant responsible for recording revenue and expenses related to insurance operations, including transactions with related and unrelated parties. Key areas include accounting for premiums, premium taxes and assessments, commissions earned and payable.

Responsibilities

• Prepare complex supporting workpapers, reconciliations, and journal entries for insurance operations.
• Coordinate settlement of accounts with external insurance companies and brokers.
• Reconcile and settle intercompany and related party balances monthly.
• Calculate and record expected profit sharing and override commissions.
• Provide commentary on variance analysis for assigned areas.
• Collaborate with the Financial Planning & Analysis (FP&A) team to develop budgets and forecasts and explain variances.
• Maintain documentation of processes and procedures, update internal controls, and support Sarbanes-Oxley (SOX) compliance.
• Assist with quarterly and annual SEC reporting, audits, and insurance department examinations.
• Stay informed on transactions and initiatives impacting accounting practices and financial results.
• Perform ad-hoc projects and tasks with minimal supervision.
• Identify and recommend opportunities to improve efficiency or reduce costs.
• Serve as a trusted advisor to business leaders.

Requirements

• Bachelor’s degree in accounting.
• Experience in public accounting or the property & casualty insurance industry.
• Proficiency in Microsoft Office, with advanced Excel skills.
• Strong attention to detail and high accuracy.
• Excellent analytical, problem-solving, and communication skills.
• Ability to work independently and collaboratively across all levels.
• Organized and comfortable in a fast-paced environment managing multiple priorities.
• Thorough understanding of Generally Accepted Accounting Principles (GAAP).
• Knowledge of property and casualty insurance accounting concepts and terminology.

Preferred Qualifications

• CPA designation preferred.
• Experience with ERP systems such as Workday, Oracle, or Peoplesoft.
• Familiarity with public company requirements including SOX compliance, internal controls design, execution, and documentation.

Compensation & Benefits

Compensation and comprehensive benefits vary by location. Candidates residing in certain U.S. states and Canadian provinces should inquire for specific details.

Location

• This position is open to U.S. remote work.
• Team members living within 20 miles of the Traverse City headquarters follow a hybrid schedule, working onsite three days per week.