Claims Accountant/Analyst

C000 Old Republic National Title Insurance Company; Oak Knoll (MN); On-site; USD 80,000 - 90,000; Full time

Benefits offered by this job

Medical plans

Disability benefits

Paid time off

Holidays

401(k) match

Life insurance

Educational Assistance

Transportation plan

Employee Assistance Program

Fertility benefits

Job summary

Old Republic Title is seeking a Claims Accountant/Analyst to manage all claim-related accounting, including general ledger entries, reporting for loss rate evaluation, and reserve adequacy. The role involves maintaining the claims system, supporting SOX and external audits, and developing specialized claim reports.

Responsibilities include coordinating loss provisions, reconciliations, and maintaining statutorily filing and GAAP reporting, while collaborating with Corporate Legal and IS to

Qualifications

• Bachelor's degree or at least three years' accounting or finance experience.
• Strong problem solving and analytical skills with attention to detail.
• Ability to collaborate across all levels and meet deadlines.
• Proficiency in Windows and Microsoft Office, especially Excel.

Responsibilities

• Coordinate daily and monthly claim-related accounting including accruals and reserve adjustments.
• Maintain the internet-based claims system and reconcile with the general ledger.
• Prepare quarterly and annual statutory filings and GAAP reports.
• Develop specialized claim reports as needed for management.
• Evaluate loss reserve adequacy by preparing loss models and analyses.
• Analyze loss experience and establish loss provision rates by company and state.
• Assist IS with claims system modifications and reporting verifications.
• Support SOX and external audit requests and other accounting projects.

Skills

Problem solving

Collaboration

Attention to detail

Time management

Education

Bachelor's degree in business/ accounting/ finance

Tools

Excel

Windows

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.

Position's Pay Range:

$80,000 - $90,000

Benefits may include:

• Comprehensive medical, prescriptions, dental and vision plans
• 401(k) plan with a discretionary company match
• Shareholder Purchase and Reinvestment Plan
• Basic life and accidental death and dismemberment insurance premium paid by the company
• Voluntary supplemental life insurance for employees, spouses and dependent children
• Fertility and Family Building Benefits
• Paid Disability benefits
• Paid time off programs
• 11 Company paid holidays per year
• Flexible spending account
• Health savings account (available to High Deductible Health Plan participants only)
• Employee Assistance Program
• Educational Assistance Program
• Voluntary benefits, such as Critical Illness, Hospital Indemnity, Pet Insurance and Accident Insurance
• Title insurance policies and certain escrow services for the employee’s primary personal residence at no charge
• Transportation benefit plan for mass transit, parking and vanpool, in several markets

Old Republic Title is an Equal Opportunity Employer

For over 100 years, Old Republic Title has helped Americans protect their property rights while providing peace of mind for one of the biggest investments homeowners will make. We work closely with title agents, real estate professionals, lenders and industry experts to secure safe and efficient real estate transactions. We provide comprehensive title and escrow products and services for individuals, businesses and government.