Accounting Manager - Insurance

Trean Insurance Group, Inc. • $120K — $135K *

Downers Grove, IL 60516In-Person

Finance & Insurance

5 - 7 years of experience

1 month ago

Job Overview by Ladders

Qualifications

5-7 years of progressive accounting experience, particularly in insurance accounting
Experience leading a team of at least 3 accountants
Bachelor's degree in Accounting or related field, or equivalent experience
Strong analytical skills for troubleshooting reconciliations and ledger issues
Proficiency in Microsoft GP, Prospero, Power BI, and Sapiens
Capability to work independently while managing multiple priorities
Advanced Excel skills for financial analysis and reporting

Responsibilities

Execute and manage month-end close, including journal entries and reconciliations
Analyze account balances for discrepancies and perform necessary adjustments
Lead the preparation of internal financial statements and Statutory filings
Identify manual processes for automation to enhance efficiency
Assist in designing and implementing internal controls and processes for audits
Manage control processes to ensure thorough account reconciliations
Support annual audits and collaborate with external auditors on reviews

Benefits

Opportunity for continued professional development through workshops and educational resources
Involvement in cross-functional projects for broader accounting engagement
Engagement with technology to streamline accounting processes
Mentoring opportunities for accounting staff and business users
Dynamic team environment that encourages communication and collaboration

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Full Job Description

POSITION SUMMARY:

The Accounting Manager - Insurance is responsible for the monthly close, Statutory and management report preparation and daily accounting tasks and reconciliations as well as valuable communication with various levels of customers and management.

KEY RESPONSIBILITIES AND ESSENTIAL FUNCTIONS:

Executes and is primarily responsible for month-end close procedures, accounting journal entries, intercompany transactions and reconciliation of general ledger accounts on a timely and accurate basis for one or more of our insurance companies.
Analyzes account balances, investigate unusual items and discrepancies, determine necessary adjustments and complete reconciliations of balance sheet accounts to maintain proper up-to-date supported account balances
Leads in the preparation of monthly internal financial statements and various Statutory statement filings with respective state regulators. This includes schedule preparation and review for the Annual Statement and Quarterly filings.
Assist in identifying manual processes for automation to improve efficiency. Identify process improvement opportunities, including those related to automation using available technologies
Assists in the design, documentation and implementation of processes and controls and key metrics required for internal and external audits as well as be responsible for all SOX controls assigned.
Refines and manages the control process ensuring all significant balance sheet and income statement accounts are reconciled and thoroughly reviewed monthly
Assists with the annual audit and quarterly review process and works closely with external auditors to complete audits and reviews
Collaborates with other accounting team members and the broader accounting team on project goals
Maintains professional and technical knowledge by attending educational workshops, reviewing professional publications, participating in professional societies
Mentors accounting staff and business users on Microsoft GP, Prospero, W-Desk and accounting concepts, techniques, technology and processes
Performs other activities, duties and assignments as needed or requested

Requirements

Insurance Accounting experience required
Experience leading a team of at least 3 required
Bachelor's degree in Accounting or related field or equivalent experience
7+ years' progressive accounting responsibility; working with a general ledger package; working with transactional and subledger systems; month-end close and financial statement preparation
Ability to manage/supervise and develop staff level employees
Experience in troubleshooting and resolving reconciliation, ledger and reporting issues
Ability to multi-task and learn quickly
Ability to self-start and research independently
Ability to handle and resolve conflicts in a professional, tactful manner
Excellent oral and written communication skills
Attention to detail and organizational skills
Strong sense of accountability, comfortable making recommendations and taking accountability for outcomes
Working knowledge of transactional systems such as Microsoft GP, Prospero, Power BI, and Sapiens
Knowledge of best internal control practices and GAAP
Ability to meet deadlines in a multi-priority, fast-paced environment both independently and within a team environment
Ability to identify and define problems, collect and analyze data, establish facts, draw valid conclusions and recommend solutions
Computer skills including knowledge of Microsoft Office
Intermediate to Advanced skills in Excel

Salary Description

$120,000-$135,000

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About Trean Insurance Group, Inc.

Trean Insurance Group, Inc. is a specialty insurance company that provides insurance products and services to the property and casualty market. The company offers a range of insurance products, including workers' compensation, commercial auto, general liability, and other specialty insurance products. Trean Insurance Group serves small to medium-sized businesses in various industries, including construction, transportation, healthcare, and retail. The company was founded in 1996 and is headquartered in St. Louis Park, Minnesota.

Learn more about Trean Insurance Group, Inc.

Size

200 employees

Market Cap

$306.3 million

Industry

Finance & Insurance

NASDAQ

TIG

* Ladders Estimates

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