Claims Accountant/Analyst

oldrepublic; Oak Knoll (MN); On-site; USD 80,000 - 90,000; Full time

Benefits offered by this job

Medical plans

401(k) plan with company match

Paid holidays

Educational assistance

Employee assistance program

Job summary

Old Republic is seeking a Claims Accountant/Analyst to handle claim-related accounting, including general ledger entries, reporting for loss rate assessments, and reserve adequacy analyses. The role supports automated claim systems and various financial projects across the organization.

The candidate should have a Bachelor's degree in business/accounting/finance or 3+ years' experience, with strong Excel skills and the ability to work in a fast-paced environment under deadlines.

Qualifications

• Bachelor's degree in business, accounting, finance, actuarial science or related field, or minimum three years' experience.
• Proven problem solving skills and ability to drive results.
• Ability to collaborate across all levels and cross-functionally.
• Proficiency in Windows and Microsoft Office, especially Excel.
• Strong attention to detail and organizational skills.
• Ability to work independently with sound judgment.

Responsibilities

• Coordinate daily and monthly claim-related accounting incl. loss provision accruals, payments, reconciliations.
• Maintain internet-based claims system in coordination with Corporate Legal and IS.
• Prepare quarterly and annual statutory, GAAP, and management reports.
• Develop specialized claim reports as needed.
• Assist in evaluating loss reserve adequacy with loss models and analyses.
• Analyze loss experience and establish reserve rates by company/state/product.
• Collaborate with IS on system/report modifications.
• Analyze claim activity to verify data and identify trends.
• Compile loss data for state data calls and government requirements.
• Support SOX and external audit requests.
• Assist with company benefits process.
• Participate in other accounting, budgeting and analysis projects.

Skills

Problem solving

Collaboration

Excel proficiency

Organizational skills

Independent work

Communication

Education

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

Tools

Excel

Windows

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.

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The 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 - $90,000

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 res