Claims Accountant/Analyst

Old-Republic-Internationa; Minnetonka (MN); On-site; USD 80,000 - 90,000; Full time

Benefits offered by this job

Medical benefits

401(k) plan

Job summary

Old Republic Title in Minnetonka, MN is seeking a Claims Accountant/Analyst to manage claim-related accounting, loss provisions, and reconciliations.

You will partner with Legal and IS to maintain the claims system and support internal and external reporting, audits, and regulatory data requests.

Candidates should have a bachelor’s degree in business/accounting or 3+ years’ experience, strong Excel and communication skills, and be able to work in a fast-paced environment.

Qualifications

• Bachelor’s degree or 3+ years’ experience in accounting/finance.
• Strong problem solving and analytical skills.
• Excellent written and verbal communication.

Responsibilities

• Coordinate daily and monthly claim-related accounting, including loss provision accruals.
• Maintain internet-based claims system and reconcile to general ledger.
• Prepare quarterly and annual statutory, GAAP, and management reports.
• Develop specialized claim reports as needed.
• Evaluate loss reserve adequacy using models and analyses.
• Assist with SOX, external audits, and regulatory data requests.
• Support benefits processes and other accounting projects.

Skills

Problem solving

Collaborative

Attention to detail

Verbal & written communication

Education

Bachelor’s degree in business/accounting/finance/actuarial science or related field

Tools

Windows

Microsoft Office

Excel

Job description

Job Description:The Claims Accountant/Analyst is responsible for all claim related accounting functions, including general ledger entries and internal and external reporting for assisting in the evaluation of loss rates and reserve adequacy, compiling information for state loss calls, the maintenance of the automated claim system, and for the performance of other financial projects as needed.Essential Duties and Responsibilities:Coordinate all daily and monthly claim-related accounting including loss provision accruals, claim payments, reconciliations, salvage, and reserve adjustments.Assist Corporate Legal and IS in maintaining the internet-based claims system including clearing edits, identifying and resolving system problems and reconciling the system to the general ledger.Complete all regular claim-related reporting including quarterly and annual Statutory filings and management and GAAP reports.Develop specialized claim reports as needed.Assist in evaluating loss reserve adequacy by Company through the preparation of loss models and analyses.Assist in analyzing loss experience and establishing loss provision rates by Company, state, county, and product line as needed.Work with IS in the development and verification of any modifications to the claims system or to system reports.Analyze claim activity to verify data, explain variances and to assist in identifying trends or areas of concern.Compile loss data for state data calls and other government requirements.Help with the annual SOX and external audit requests.Assist with the Company benefits process.Perform certain other accounting, budgeting and analysis projects as assigned by manager.Knowledge and Skills Required:Bachelor’s degree in business/accounting/finance/actuarial science or related field or a minimum of three years’ experience.Problem solving, ability to think conceptually, make sound decisions and drive results.Ability to collaborate with all levels of the organization as well as cross functionally.Requires proficiency in Windows and Microsoft Office, especially Excel.Ability to work in fast paced environment while successfully performing under time constraints and meets prescribed deadlines.Strong attention to detail with excellent organizational skills, with ability to prioritize and handle multiple tasks and projects.Ability to act independently with sound judgment and take initiative.Written and verbal communications are clear, grammatically correct and business appropriate.Communication and Interpersonal Skills:Excellent professional written, verbal, listening and communication skills.Must be a personable, positive, and professional representative of the company.Ability to foster, develop and maintain professional and collaborative working relationships. Must be able to get along with others, i.e., peers, employees, supervisors, outside customers, and vendors. Lead by positive example.Ability to collaborate and interact effectively and professionally with all levels of management, employees and customers by email, phone, video conferences and in person.Actively listens and is mindful of the role body language, gestures and other nonverbal actions can play in communication.Physical/Mental Demands:The ability to work with confidential information.The ability to perform under pressure and be flexible with disruptions throughout the workday.Repetitive and continual keyboard activity and interaction with display monitors is required.Local/daily travel by automobile and overnight business travel by air and/or automobile may be required.#LI-KT1The estimated pay range stated represents the typical pay range for this position or similarly employed employees or employees performing substantially similar work. Factors which may be used to determine the actual pay rate may include, but are not limited to, education, training or experience; seniority; merit and work performance; quantity or quality of production; regional differences in compensation; differences in local minimum wages, or ability and effort.Position's Pay Range:$80,000 - $90,000Benefits may include:Comprehensive medical, prescriptions, dental and vision plans401(k) plan with a discretionary company matchShareholder Purchase and Reinvestment PlanBasic life and accidental death and dismemberment insurance premium paid by the companyVoluntary supplemental life insurance for employees, spouses and dependent childrenFertility and Family Building BenefitsPaid Disability benefitsPaid time off programs11 Company paid holidays per yearFlexible spending accountHealth savings account (available to High Deductible Health Plan participants only)Employee Assistance ProgramEducational Assistance ProgramVoluntary benefits, such as Critical Illness, Hospital Indemnity, Pet Insurance and Accident InsuranceTitle insurance policies and certain escrow services for the employee’s primary personal residence at no chargeTransportation benefit plan for mass transit, parking and vanpool, in several marketsNote: If you currently are employed by Old Republic Title (or one of its wholly owned affiliated companies) please get in touch with your human resources representative regarding the application process.For California applicants, please click the following link to view our CCPA Applicant NoticeOld Republic Title is an Equal Opportunity Employer