Investment Accountant

Westfield Insurance; Westfield Center (OH); Hybrid; USD 60,000 - 80,000; Full time

Job summary

A prominent insurance company located in Westfield Center, Ohio, is looking for an Investment Accountant. This role entails managing financial operations, ensuring compliance with accounting standards, and preparing financial reports. Candidates should have at least 2 years of experience in Accounting, a Bachelor's degree in a related field, and be a Certified Public Accountant. The position is full-time, with a hybrid work arrangement, ensuring an optimal work-life balance while contributing to the company's financial health.

Qualifications

• 2+ years of experience in Accounting or a related field.
• Certified Public Accountant.

Responsibilities

• Prepares and analyzes financial reports for decision-making.
• Ensures compliance with accounting standards and regulations.
• Develops and maintains relationships with stakeholders.
• Manages financial risks related to investments and claims.
• Develops and monitors budgets for financial stability.
• Conducts financial analysis on performance and trends.
• Prepares financial statements on a Statutory and GAAP basis.
• Communicates with regulators and auditors.
• Supports audits with necessary documentation.
• Works on accurate reporting structures.

Skills

Financial analysis

Accounting standards compliance

Risk management

Budget development

Stakeholder management

Education

Bachelor's degree in Accounting or Finance

Tools

Accounting Software

Job description

2 days ago Be among the first 25 applicants

The Investment Accountant is responsible for managing financial operations and ensuring compliance with accounting standards and regulations. The role handles responsibilities which include preparing financial reports, analyzing financial data, developing budgets and forecasts, managing financial risks, maintaining internal controls, preparing tax returns, and supporting audits. The role also plays a critical role in ensuring the financial health and compliance of the company, by overseeing the financial operations related to insurance policies, claims, and investments. This role supports in maintaining the financial stability of the company by managing its financial resources and making strategic decisions to optimize financial performance.

Job Responsibilities

• sPrepares and analyzes financial reports to support decision-making processes and identify areas for improvement
• .Ensures compliance with accounting standards and regulations by implementing and monitoring internal controls and policies
• .Develops and maintains relationships with stakeholders such as auditors, regulators, and other departments to facilitate effective communication and collaboration
• .Manages financial risks by assessing and mitigating risks related to investments, claims, and other financial activities
• .Develops and monitors budgets and forecasts to ensure financial stability and growth of the company
• .Conducts financial analysis and provides insights to management on financial performance, trends, and opportunities
• .Prepares monthly property/casualty and non-insurance financial statements and supplemental reports on both a Statutory and a GAAP basis
• .Leads frequent communication with external customers, including state and federal regulators and auditors, and internal business partners at all levels in the organization, on topics such as responding to their specific questions on regulatory filings, the process used to calculate a journal entry, or questions on what specific expenses are captured in a certain line on a regional income statement
• .Supports audits by providing necessary documentation, data, and information to internal and external auditors to ensure compliance and accuracy
• .Works with business leaders and others within the Finance department to ensure that correct structures (tree based) are in place for accurate reporting within the accounting system

Job Qualifications

• ns0-2 years of experience in Accounting or a related fiel
• d.Bachelor's degree in Accountancy, Finance and/or commensurate experienc

Certifications

• onsCertified Public Accountant (C

Technical Skills

• illsAudi
• ysisComputerized Accoun
• mentTaxa
• tionAudit & Compli
• anceAccounting Software & T
• oolsStakeholder Manage

Location

• ationHybrid – defined as working three or more days per week in the office if the employee’s residence is within 50 miles of Westfield Center

About Westfield

Founded in 1848, Westfield is a global leader in property and casualty insurance, delivering superior risk insights and innovative solutions to customers through a diverse portfolio of insurance products. Westfield underwrites commercial, personal, surety, and specialty lines of coverage through a network of leading independent agents and brokers in the United States and specialty products through Lloyd’s of London Syndicate 1200. As a mutual insurance company with more than 3,000 employees, Westfield has revenues in excess of $4 billion and more than $10 billion in assets. Learn more at www.westfieldinsuranc...

Equal Opportunity Employer

United States: All applicants receive consideration for employment without regard to race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, or status as a protected veteran.

United Kingdom: Westfield is committed to equality of opportunity for all staff and applications from individuals are encouraged regardless of age, disability, sex, gender reassignment, sexual orientation, pregnancy and maternity, race, religion or belief and marriage and civil partne

Seniority Level

Associate

Employment Type

Full-time

Job Function

Accounting/Auditing

Industries

Insurance