Accounting Manager

Farmers of Salem is currently looking for a highly motivated, self-starter for our Accounting Manager position.

Reporting to the Assistant Vice President/Treasurer, the Accounting Manager will coordinate the overall workflow of the Accounting and Direct Bill departments for this mid-size regional Property and Casualty insurance carrier. The Accounting Manager will be responsible for supervising, training and assisting the staff of these departments.

Only candidates with Personal Property & Casualty Insurance experience will be considered.

Essential Duties:

• Completion of monthly and year-end closing entries and final Trial Balance, reviewing to ensure accuracy.
• Conduct account analysis and provide supporting documents for all accounts on the Trial Balance of all companies; assist in solving reconciliation issues.
• Manage the timely and accurate completion and filing of all statutory accounting and insurance regulatory functions for the Company.
• Manage and review the completion of audited financial statement for approval by external auditing firms.
• Coordinate insurance audits with outside auditors and state financial examiners and review of other regulatory compliance requirements.
• Oversee accounting functions for investment activities and reinsurance transactions.
• Provide financial analysis of statutory financial statements and management commentary.
• Review and coordination of recoveries near or over the 90 day limit.
• Keep appropriate senior management advised of cash flows.
• Maintain computer software and hardware required to operate the Accounting Department.
• Recommend required changes to current data processing systems and manual procedures or policies.
• Responsible for timely completion of the monthly "MOST" for expense accruals, IBNR reserves, reinsurance recoverables and review of other items in the file.
• Preparation of "month only" analysis in Excel and prepare explanations of unusual items or variances. Conduct review of Directors monthly cash position.
• Preparation of quarterly and annual statement blanks and scheduling and coordination of any activities required for their completion.
• Completion of various year end filings.
• Supervision of Accounting and Direct bill staff including annual performance evaluation.
• Participation in Company strategic planning including planning and coordination of financial impact proformas for new projects.
• Ability to accommodate an irregular work schedule and establish the personal mobility to attend financial training workshops and seminars.

Skills:

• Knowledgeable in regard to loss reinsurance recoveries and payments. Ability to review the analysis for accuracy and identify discrepancies
• Ability to facilitate a strong and effective internal control environment
• Strong analytical and problem-solving skills, with a strong attention to detail
• Excellent communication, interpersonal and organization skills

• Advanced Microsoft Excel skills
• Team oriented
• Ability to maintain confidentiality

Education/Experience:

• Bachelor of Science degree in Accounting required, CPA preferred
• 10 years Accounting experience, including Property & Casualty Insurance Accounting experience
• Five years supervisory experience