Intermediate Accountant

W. R. Berkley Corporation; Naperville (IL); On-site; USD 70,000 - 95,000; Full time

Job summary

W. R. Berkley Corporation is seeking a staff-level financial reporting professional in Naperville, IL, to perform GAAP financial statement preparation, reinsurance accounting, and close activities. The role emphasizes accuracy, timeliness, and adherence to the close schedule.

The ideal candidate has 1–3 years of Property & Casualty insurance accounting experience, strong Excel skills, and the ability to work independently. This on-site position offers a competitive salary and benefits package.

Qualifications

• 1-3 years of Property & Casualty Insurance accounting experience preferred.
• Necessary computer skills with an emphasis on Excel competency.
• The ability to work independently.

Responsibilities

• Prepare GAAP financial statements and reporting packages, including journal entries and schedules, meeting closing deadlines.
• Reinsurance accounting, reconciliation and reporting.
• Create quarterly/monthly reinsurance bordereaux to send to brokers.
• Responsible for timely and accurate account reconciliations and resolution of reconciling items.
• Ensure the accuracy of results for assigned programs.
• Monitor cash settlements from Profit Centers and Reinsurers.
• Support internal and external audits/examinations.
• Active pursuit of continuous process improvement and progress measurement (metrics).

Skills

Independent work

Education

Bachelor's degree in accounting or finance

Tools

Excel

Job description

Company Details

We provide a foundation of stability and predictability that gives employees the confidence to succeed.

Founded in 1967, W. R. Berkley Corporation has grown from a small investment management firm into one of the largest commercial lines property and casualty insurers in the United States.

Along the way, we’ve been listed on the New York Stock Exchange, become a Fortune 500 Company, joined the S&P 500, and seen our gross written premiums exceed $15 billion.

Today the Berkley brand comprises 60 businesses worldwide and is divided into two segments: Insurance and Reinsurance and Monoline Excess. Led by Chairman, President and Chief Executive Officer, W. Robert Berkley, Jr., W. R. Berkley Corporation is well positioned for long-term success and future growth.

The Company is an equal employment opportunity employer.

Responsibilities

Job Description:

Staff level position performing various duties related to the financial reporting process. Areas of responsibility include GAAP/Stat financial statement preparation and reporting, reinsurance accounting, reconciliations and monitoring cash flow. All functions focus on both accurate and timely completion based on the close schedule.

Key Functions/Duties of Position:

• Preparation of accurate GAAP financial statements and reporting packages as assigned, including journal entries, supporting schedules and analysis, meeting all due dates per closing schedule.

• Reinsurance accounting, reconciliation and reporting.

• Create quarterly/monthly reinsurance bordereaux to send to brokers

• Responsible for timely and accurate account reconciliations as assigned (including analysis and resolution of reconciling items).

• Responsible for the accuracy of results for assigned programs.

• Monitor cash settlements from both Profit Centers and Reinsurers.

• Assists in the support of internal and external audits/examinations.

• Active pursuit of continuous process improvement and progress measurement (metrics)

Qualifications

Education Requirement:

• Bachelor’s degree in accounting or finance

Qualifications:

• 1-3 years of Property & Casualty Insurance accounting experience preferred

• Necessary computer skills with an emphasis on Excel competency

• The ability to work independently

Additional Company Details

We do not accept unsolicited resumes from third party recruiting agencies or firms. Salary Range - $70K to $95K, dependent on experience, knowledge and location. Berkley is committed to offering comprehensive and competitive employee health benefits that help our employees stay healthy, feel secure and maintain a work/life balance. We offer Medical, Dental, Vision, Flexible Spending Account, Health Savings Account and a Health Reimbursement Arrangement. We support our employees in planning for their current and future security by offering Short & Long Term Disability, 401(k)/Profit Sharing/Employee Stock Purchase Plan, Life/Accidental Death & Dismemberment/Travel and Additional Life Insurance. We want our employees to live productive and fulfilling lives. We promote work-life balance and personal wellness by providing an Employee Assistance Program, Paid Time Off (Vacation/Sick/Holidays) and encouraging employees to participate in our groups wellness program. We take risk management excellence and your professional growth and ongoing development seriously by offering industry-related education and exams along with industry-related tuition assistance.

Sponsorship Details

Sponsorship not Offered for this Role