Senior Accountant
- Location
- Government Center, Boston
- Salary
- Starting Salary $81,500
- Posted
- Sep 03, 2021
- Closes
- Nov 02, 2021
- Ref
- SrAcct
- Category
- Accounting
- Job Type
- Full Time
- Career Level
- Experienced (Non-Manager)
This position reports to the Accounting Supervisor and does not supervise any other positions.
OVERALL FUNCTION:
This position is responsible for general accounting matters for Massachusetts Property Insurance Underwriting Association and/or Rhode Island Joint Reinsurance Association (MPIUA/RIJRA). This position will also assist in testing of system enhancements and in development and training of the financial department staff.
JOB REQUIREMENTS:
This position requires an advanced understanding of accounting procedures and financial statement presentation. Statutory Accounting experience preferred. Requires excellent verbal and written communication skills, the ability to work independently, a high regard for detail, and excellent analytical skills. Requires proficiency in the operation of a computer and Microsoft Office applications, including Excel and Word as well as highly proficient in financial applications and complex spreadsheet work. A Bachelor’s Degree with an Accounting background is required. Minimum of 4 years related experience preferred. Ability to maintain confidentiality is essential.
PRIMARY RESPONSIBILITIES:
- Responsible for daily banking transactions, including identification and verification of daily deposits/disbursements, and related journal entries
- Processing of the daily cleared checks file and verification of proper endorsement of claims disbursement checks
- Preparation of monthly general ledger closing and reconciliations for RIJRA
- Preparation of quarterly and annual financial statements for RIJRA
- Preparation of monthly, quarterly and annual audit schedules and reconciliations for RIJRA
- Preparation of quarterly and semi-annual Property Insurance Plans Service Office (PIPSO) reports for RIJRA
- Development of Percentages of Participation of Member companies and calculation of Member company assessments/distributions for RIJRA
- Preparation of Federal and State tax returns for RIJRA
- Preparation of NAIC Annual Statement for RIJRA
- Preparation of 1099 filing for RIJRA
- Analysis and review of liabilities and expenses including reserve adequacy and expense distributions for RIJRA
- Management and filing of records for Escheat Liabilities with the State’s Abandoned Property Division for RIJRA
- Identify MPIUA/RIJRA commission receivables over 90 days, prepare and issue letter to collect payment, and manage producers’ accounts
SECONDARY RESPONSIBILITIES:
- Preparation of management fees schedules
- Maintenance of schedules for Fixed Assets and Depreciation (including journal entries)
- Maintenance of Prepaid Assets and schedules (including journal entries if needed)
- Maintaining and processing bank affidavits
- Maintenance and remittance of levy notices
- All other duties and projects as assigned.
We offer an excellent benefits package, a matching 401(k) program, and we are conveniently located in Government Center.