Financial Transition Specialist (Remote)

PDCM Insurance Inc.; United States; Remote; USD 75,000 - 85,000; Full time

Job summary

Patriot Growth Insurance Services seeks a Financial Transition Specialist to facilitate the conversion of financial data in a fully remote position. Responsibilities include data collection and collaboration with various teams to ensure the integrity of financial data during mergers and acquisitions. The role requires a Bachelor's degree in Accounting or Finance, experience in the insurance sector, and advanced Excel skills. A competitive salary and comprehensive benefits package are offered.

Benefits

Medical, Dental, and Vision Benefits

Flexible Spending Account (FSA)

Health Savings Account (HSA)

401 (k)

Paid holidays

Personalized PTO

Company paid Short-Term and Long-Term Disability

Paid Employee Assistance Program

Qualifications

• Minimum 3 years of experience in an insurance or brokerage environment.
• Advanced Excel skills including pivot tables and formulas.
• Experience in converting financial data systems required.

Responsibilities

• Support AMS Conversion Team in financial data transition.
• Collaborate with acquisition firms and validate financial data integrity.
• Track and report financial conversion issues throughout the project.

Skills

Analytical skills

Problem-solving

Interpersonal skills

Communication skills

Data formatting

Education

Bachelor of Science in Accounting, Finance, or related field

Tools

Applied Epic

BenefitPoint

Microsoft Excel

Job description

Careers At Patriot Growth Insurance Services and Partner Agencies

Current job opportunities are posted here as they become available.

About Patriot Growth Insurance Services: Founded in 2019, Patriot Growth Insurance Services (Patriot) is a growth-focused national insurance services firm that partners with employee benefits and property and casualty agencies across the United States. Patriot is ranked as the 24th largest broker in the U.S. by Business Insurance and has been named to the 2024 Inc. 5000 list of fastest-growing companies. With more than 2,100 employees operating in 170 locations and across 48 states, Patriot’s collaborative model delivers resources and strategic support to its agencies. Patriot creates true alignment with its partner agencies, and its operating philosophy fosters enhanced career opportunities for its dedicated and professional team. We are committed to working with like-minded individuals who share our vision of creating an insurance agency focused on operational excellence and a relentless pursuit of growth.

Position Overview: As a Financial Transition Specialist, you will be responsible for supporting the Agency Management System (AMS) Conversion Team in converting the financial data obtained from the firm's legacy agency management system platforms to Patriot’s standard operating AMS platforms. This position reports to the Vice President of Accounting Integration and Due Diligence.

Work location arrangement: This position is a full time, fully remote position with a preference for qualified candidates in the U.S. Eastern or Central time zones.

Professional Responsibilities:

• Obtain financial and accounting related data from potential acquisition parties in various formats
• Formulate the data needed into standard templated spreadsheets via Excel
• Collaborate with potential acquisition firm personnel, including meetings and tracking progress on decisions and cleanup
• Collaborate with the acquiring firm personnel and Patriot project leads to facilitate the firm's financial data transition over to Patriot’s financial platforms
• Assist with financial discovery of the integrating firm's data and processes and make suggested solutions for accurate mapping into Patriot’s standards
• Guide financial data hygiene throughout the project
• Preparation of accounting work orders for discussions with the firm and configuration setup in Patriot’s agency management system
• Ensure various milestones are met in accordance with the project plan and timeline
• Add financial transactions and opening balance sheet activities by preparing a templated financial document and use of Excel import tools
• Validate and ensure financial data integrity between integrating firm's source system, Patriot’s AMS, and Patriot’s general ledger system
• Prepare the integrated firm's monthly and final reconciliation workbook to assist in financial analysis and for the final delivery to Patriot regional accounting teams
• Track financial conversion issues to ensure these are reported, corrected, and validated
• Collaborate with Patriot's M&A team, Integration team, and AMS Conversion team to ensure complete knowledge transfer and a smooth transition for the firm to become a fully integrated entity
• Attend and participate in on-site events and meetings with the firm and Patriot's M&A team during specific points in the acquisition process as required

Qualifications and Requirements:

• Bachelor of Science degree in Accounting, Finance, or a business-related field
• 3+ years of relevant work experience in an insurance, brokerage or MGA/MGU environment
• Working knowledge with Applied Epic, BenefitPoint and other agency management systems
• Prior experience with conversion of financial data from one system to another
• Prior involvement and participation in a large organization’s system implementation
• 3-5 years’ experience working with formatting data in Microsoft Excel
• Advanced Microsoft Excel skills including data formatting, lookups, pivot tables, and formulas
• Strong analytical skills and creative problem-solving capabilities
• Ability to take on a variety of projects, complete tasks, and adapt to changing business needs
• Excellent interpersonal and communication skills (both written and oral)
• Proven record to handle diverse workload and meet critical deadlines within budget
• Possess personal and business integrity with a positive attitude and a strong work ethic
• Ability to travel up to 25%
• Authorized to work in the United States without sponsorship now and in the future

Why Patriot Growth Insurance Services: We offer the opportunity to be a part of one of the fastest-growing insurance companies since its inception. We strive to create a flexible and collaborative environment for our employees, and our goal is to provide enhanced career opportunities for our dedicated and professional team. In addition to a competitive salary, we provide a comprehensive health and welfare program to employees, family members and domestic partners. Employees are eligible for benefits coverage the first of the month following 30 days of employment. We offer:

• Medical, Dental, and Vision Benefits
• Flexible Spending Account (FSA) and Health Savings Account (HSA) and Commuter Transit Programs
• Company paid Short-Term Disability, Long-Term Disability and Group Term Life
• Company paid Employee Assistance Program
• Paid holidays
• Personalized PTO
• 401 (k)

Compensation Range: A starting base salary in the $75,000 - $85,000 range, depending on the candidate’s experience. This position is also eligible for additional incentive compensation that is performance based.

*A wide salary range is posted for this position, and any job offer is based upon a salary analysis to comply with the required state pay transparency law. The salary analysis considers relevant experience, education, certifications, and seniority as compared to others doing substantially similar work. There is no guarantee an offer will be at the top of the posted range based on the salary analysis.

Patriot Growth Insurance Services is an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, color, sex, religion, sexual orientation, national origin, citizenship or immigration status, disability, genetic information, pregnancy, or any other protected characteristic as outlined by federal, state, or local laws.

This policy applies to all employment practices within our organization, including hiring, recruiting, promotion, termination, layoff, leave of absence, compensation, benefits, and training. Patriot will make hiring decisions based solely on qualifications, merit, and business needs at the time. For more information, read through our EEO and DE&I Policy located on our website at www.patriotgis.com .