Accounting Manager - Budget & Expense Reporting

Chesapeake-Employers; Towson (MD); Hybrid; USD 95,000 - 125,000; Full time

Benefits offered by this job

Health, Vision, Dental coverage

Generous PTO

8% retirement contribution

Educational assistance

Tickets to community attractions

STD, LTD & life insurance 1X salary

Hybrid work environment

Volunteer programs

Job summary

Chesapeake Employers’ Insurance Company in Towson, MD seeks a Finance Operations Manager to lead budgeting, payroll processing, and vendor management, ensuring timely, accurate financial information for management decisions.

The role requires 5–7 years of accounting experience, supervisory background, and strong GAAP/statutory accounting knowledge. Hybrid work options, robust benefits, and a strong team culture are offered.

Qualifications

• CPA or Master’s Degree in Business or Finance preferred.
• 5-7 years accounting experience.
• 3-5 years supervisory experience.
• Insurance accounting experience preferred.
• Thorough knowledge of GAAP and statutory accounting.
• Strong communication and interpersonal skills.

Responsibilities

• Oversee budget development and reporting for the organization.
• Manage payroll processing and related controls.
• Direct fleet, vendor, and contracts management activities.
• Ensure data integrity across accounting systems.
• Prepare monthly expense analyses and budget variances.
• Support management decisions with financial insights.
• Lead annual 1099 reporting and related compliance.

Skills

5-7 years accounting experience

3-5 years supervisory experience

GAAP knowledge

Statutory accounting

Communication

Interpersonal skills

Time management

Education

CPA or Master’s Degree in Business or Finance

Job description

Job Description

Posted Thursday, August 27, 2026 at 4:00 AM

Who We Are

Chesapeake Employers’ Insurance Company is a purpose-driven organization dedicated to improving the lives and livelihoods of our policyholders, injured workers, team members, and the community. As a leading workers' compensation specialty insurer in the mid-Atlantic region, we take pride in being a force for good. Our 350 team members are committed to making a positive impact every day in the lives of all our stakeholders. Join our motivated, professional team as we foster a culture of values, teamwork, innovation, and collaboration. Established in 1914, Chesapeake Employers Insurance, headquartered in Towson, Maryland, has over a century of experience, a strong financial foundation, and an "A" rating from AM Best.

POSITION SUMMARY

Manage the operations group within Finance to provide accurate information for reporting and to support management in decision-making as well as provide timely services to its customers. The Manager specifically oversees budget development and reporting, payroll processing, fleet management, vendor management services, and other roles significant to the daily responsibilities of the Finance Department. Resource development and allocation is critical to providing these services within a productive environment.

DUTIES AND RESPONSIBILITIES

• Assist in the development and implementation of goals, policies and procedures relating to financial management, budget management and payroll processing.
• Assist in the month end closing and financial reporting process including account analysis and reconciliation
• Development of system controls and reconciliations to ensure data integrity
• Manages biweekly payroll process ensuring teammates are paid correctly, exceptions and deductions are processed, accounting processed correctly and timelines are met for the payroll vendor.
• Supervises maintenance of various accounting systems, including fixed asset system, accounts payable system, contracts database, procurement system, medical vendor system, unclaimed property system and payroll system.
• Manages vendor file for the organization ensuring entity viability, adherence to IRS standards, and medicare reporting.
• Develops and manages the operating and capital budget process for the organization for combined expenses of approximately $55 million annually. Leads review of departmental submissions for alignment with organizational strategy and discusses with departmental leaders prior to final submission.
• Prepare monthly analysis of expenses through distribution of budget variance reports, requiring responses to material variances to provide explanations and potential solutions to mitigate risk to management.
• Project expenses upon various scenarios to facilitate management decisions and potential cost recommendations.
• Prepares monthly accruals related to the general and administrative expenses for inclusion in financials for the monthly reporting.
• Review monthly bank reconciliations for accuracy and approval.
• Manages escheated funds reporting with completion of annual unclaimed property reporting per state requirements.
• Contributes to the achievement of established department goals and objectives; adheres to departmental policies, procedures, quality and safety standards, and consistently exhibits Chesapeake’s Values and Behaviors.
• Completes annual 1099 reporting for Accounts Payable and assists with 1099 reporting for medical vendors.

SKILLS, EDUCATION AND EXPERIENCE

• CPA or Master’s Degree in Business or Finance preferred.
• 5-7 years accounting experience.
• 3-5 years supervisory experience.
• Insurance accounting experience is preferred.
• Thorough knowledge of GAAP and statutory accounting.
• Strong communication and interpersonal skills as well as strong organizational and time management skills

POSITIONAL COMPETENCIES

• Pursuing Excellence
• Making a Difference
• Leadership Presence
• Developing People
• Maintaining Focus and Accountability
• Strategic Initiative

PHYSICAL DEMANDS

While performing the duties of this job, the teammate is regularly required to sit, use hands to finger, handle or feel objects, tools or controls; reach with hands and arms. The teammate is occasionally required to stand, walk, stoop, kneel, crouch or crawl. The teammate may occasionally lift up to 30 pounds. Specific vision abilities are required which include, close vision, peripheral vision and the ability to adjust focus.

WORK ENVIRONMENT

Office Environment. The noise level is usually moderate.

What We Offer

We offer a competitive benefits package that includes health, vision, and dental coverage, a robust PTO plan, an 8% employer contribution to retirement regardless of team member contribution, educational assistance, and opportunities to participate in team member appreciation events. Additionally, we provide STD, LTD and group life insurance 1X a team members salary. You'll also enjoy free tickets to community attractions, all part of our commitment to providing a high quality of work life. You will have the flexibility to thrive in a hybrid work environment and an opportunity to participate in development and volunteer programs.