Berkley

Senior Accountant

Berkley • $90K — $110K *
Naperville, IL 60540In-Person
Legal & Accounting
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's Degree in Accounting required.
  • CPA certification preferred.
  • Required experience in Insurance Accounting.
  • Preferred experience in Reinsurance accounting.
  • Advanced Excel skills, including LookUps and Pivot Tables.
  • Strong understanding of GAAP and accounting controls.
  • Ability to manage priorities and deadlines with minimal supervision.

Responsibilities

  • Perform month-end financial close activities and ensure all deadlines are met.
  • Conduct accounting and reconciliation tasks, including managing IBNR and Deferred Acquisition Costs.
  • Prepare and analyze various financial reports and dashboards for management review.
  • Monitor accounts and manage cash settlements to resolve open receivables promptly.
  • Analyze premium estimates and reinsurance contracts for accuracy and compliance.
  • Assist in the completion of quarterly and annual financial statements and budgeting activities.
  • Engage in continuous process improvements and support audits.

Benefits

  • Comprehensive health, dental, and vision insurance.
  • Life and disability insurance coverage.
  • Wellness programs to support employee health.
  • Generous Paid Time Off policy.
  • 401(k) plan with company match and profit-sharing opportunity.
Full Job Description
Responsibilities

This role will perform various duties related to the financial reporting process. Areas of responsibility include GAAP/Stat financial statement preparation and reporting, insurance and reinsurance accounting, reconciliations and monitoring cash flow.  All functions focus on both accurate and timely completion based on the close schedule. This role works closely with the Director, Controller and CFO on a monthly basis and additionally will: 

  • Perform month-end close activities including journal entries, supporting schedules and analysis, meeting all due dates per closing schedule.
  • Perform accounting, reconciliation and reporting to include but not limited to:
    • Process and analyze IBNR
    • Analyze Deferred Acquisition Costs and Earned Premium
    • Prepare month-end data balancing and review
    • Work with affiliates monthly, in recording and balancing assumed business
    • Analyze and reconcile bank statements and internal general ledger accounts (including analysis and resolution of reconciling items)
    • Prepare month end Market Condition Report and Corporate Dashboard
  •  Monthly reporting of account currents and settlement of open balances on a timely basis, including monitoring and coding cash settlements, research and resolve open receivable balances, and unapplied cash items monthly
  • Perform various tasks and analysis
  • Calculate and analyze premium estimates
  • Assumed Reinsurance Contract Analysis and premium & loss processing
  • Monitor contracts for profit commission
  • Responsible for the accuracy of results for assigned programs and contracts.
  • Prepare analysis and utilize reporting tools to obtain information from the general ledger and/or financial data warehouse as required to assist with the reconciliation and analytic duties related to position 
  • Assist in the completion of the Quarterly Sch P and Sch F
  • Assist in Annual Budget Project
  • Assists in the support of internal and external audits/examinations and SOX
  • Active pursuit of continuous process improvement and progress measurement (metrics)
  • Other Duties as assigned
Qualifications
  • Bachelor Degree in Accounting
  • CPA a plus
  • Insurance Accounting experience required
  • Reinsurance accounting experience a plus
  • Insurance accounting experience is essential
  • Reinsurance experience is a plus
  • Advanced Excel skills (including LookUps, Pivot Tables, index matching)
  • Strong knowledge of GAAP and other accounting control principles
  • Ability to set priorities, meet deadlines, and multi-task with minimal supervision
  • Highly organized, attentive to detail and analytical
  • Strong problem solving Initiative and self-motivated
  • Strong written and verbal communication skills

 

Additional Company DetailsThis role is based in Naperville, IL in-office four days per week. We do not accept any unsolicited resumes from external recruiting firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role includes: Base Salary Range: $90,000 - 110,000. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. This role is eligible to participate in the annual discretionary bonus program. Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans. Sponsorship DetailsSponsorship not Offered for this Role

About Berkley

Berkley is a packaging company that develops innovative solutions to help our customers sell more product and be on the edge. Berkley offers the cost advantages and creative control of an in house/on site agency without the risk and hassle of oversight. Berkley develops turnkey retail environments – including design, manufacturing and installation services.

Berkley Careers

Joining Berkley presents a prime opportunity to be part of a team renowned for its leadership in the industry, fostering innovation and growth. Berkley, a company committed to professional excellence and diversity, offers a range of job opportunities that cater to various skills and career aspirations.

Explore Job Opportunities

Berkley is actively hiring, seeking individuals who are passionate, driven, and ready to contribute to a dynamic team environment. With a variety of positions available, Berkley provides a platform for professionals at every stage of their career, from entry-level to senior leadership roles.

Internship Programs

Kickstart a career with Berkley through comprehensive internship programs designed to provide hands-on experience in a real-world setting. Internships at Berkley are a gateway to full-time employment, offering invaluable industry exposure and networking opportunities.

Professional Growth and Development

Berkley is dedicated to the continuous professional development of its team members. The company supports career advancement through leadership training programs, workshops, and seminars that enhance skills and foster innovation.

Diversity and Inclusion

At Berkley, diversity is celebrated and actively promoted through various initiatives and diversity training programs. The company believes that a diverse workforce is key to driving creativity and innovation.

Benefits and Culture

Employees at Berkley enjoy a range of benefits designed to support their professional and personal lives. The company culture emphasizes teamwork, respect, and integrity, creating an environment where everyone can thrive.

Applying for a Position

To apply for a position at Berkley, candidates are encouraged to submit a resume that highlights relevant experience and skills. The interview process is designed to assess not only professional qualifications but also a candidate's fit with Berkley's culture and values.

Stay Connected with Berkley Careers

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Learn more about Berkley
Size
51 employees
Industry
Finance & Insurance
* Ladders Estimates

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