Premium Accounting Specialist II

Citizens, Inc.; Austin (TX); On-site; USD 60,000 - 80,000; Full time

Benefits offered by this job

Medical

Dental

Vision

401k with company match

Virtual visits

Job summary

Citizens, Inc. in Austin, TX seeks a resourceful accounting specialist to support premium accounting and data entry with high accuracy. The role focuses on organizing, entering, and reconciling insurance premium receipts within the accounting team.

The position emphasizes attention to detail, experience in premium accounting, and effective communication with management. Excellent benefits and a collaborative workplace in the Domain area are offered.

Qualifications

• Associate degree in accounting or related field; or 2–3 years in premium accounting within insurance.
• Ability to rapidly grasp new concepts and adapt to changing environments.
• Mid-level understanding of accounting principles.
• Understanding of ledger entries.
• Accurate input of a large volume of accounting transactions.
• Ability to calculate discounts, interests, percentages, and proportions.
• Strong organizational, prioritization, and multitasking skills.
• Self-motivated with the ability to work independently.
• Fluency in Spanish, Portuguese, or Mandarin is a plus.

Responsibilities

• Maintains an accurate Premium Master Record (PMR) based on premium information from customers and other departments.
• Reconciles and balances premium accounting transactions daily.
• Processes premium items (checks, wires, ACH, credit cards) per internal guidelines.
• Investigates and resolves premium accounting discrepancies with the Accounting team.
• Processes and records returned premium accounting transactions.

Education

Associate degree in accounting or related field

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

181 - Accounting & FP&A Regular Full-Time Austin, TX, US

2 days ago Requisition ID: 1154

Committed to providing life insurance solutions since 1969 in the United States and globally since 1975, Citizens, Inc. is a publicly traded company (NYSE: CIA) that has maintained a listing on the New York Stock Exchange since 2002. Operating through our insurance subsidiaries, we strategically offer traditional insurance products in niche markets to capitalize on competitive advantages. With a dedicated team of employees located in Austin, Louisiana and a global network of agents, our reach extends to Latin America, Central America, and Asia.

THE OPPORTUNITY

Reports to: Premium Accounting Manager

Location: Austin, TX (Corporate Headquarters located in the Domain)

At Citizens, Inc., we've curated an exceptional work environment that goes beyond the ordinary. Our open-plan workspace offers panoramic views of the Domain with multiple conference rooms readily available. Start your day with complimentary coffee in our large break area, enjoy walks on the scenic trails nearby, or hit our onsite gym. Our Lunch Drop service provides the luxury of delivering delicious meals directly to our suite for a stress-free lunch break. For financial needs, the onsite bank is at your service. Furthermore, enjoy the convenience of free covered parking in our garage, featuring charging stations for electric vehicles. Participate in our various monthly employee events designed to enhance our cultural engagement. At Citizens Inc., we prioritize strong employee involvement to foster a dynamic workplace culture. Elevate your career with us, where your workplace is more than just an office; it's a destination for growth, innovation, and a flourishing community.

Summary:

Citizens, Inc. is seeking a resourceful, detail-oriented, accounting specialist with exceptional skills in customer service to join our accounting team. This position performs mid-level accounting transactions and data entry with a high degree of accuracy. Attention to detail is a must. The work involves various accounting related activities, primarily organizing, entering, and reconciling insurance premium receipts.

WHAT YOU WILL GET TO DO

• Maintains an accurate and efficient Premium Master Record (PMR) based upon premium information supplied from external customers and other departments of the Company.
• Reconcile and balance premium accounting transactions on a daily basis.
• Process, input and monitor premium items such as checks, wire transfers, ACH and credit cards following appropriate internal control guidelines.
• Assess, research, and correct premium accounting discrepancies. Collaborate with other members of the Accounting team or Company as needed.
• Process and record any returned premium accounting transactions.
• Process, input and monitor Supplemental Contracts; ensure beneficiary receives income benefits in a timely manner.
• Process and input payments from DFAS (Government Allotment).
• Reviews, research and resolves assigned suspense items in a timely manner.

3. Monthly Reporting and Reconciliation: ARC’s

• Assist with monthly explanation of assigned policy accounting monthly balance sheet reconciliations.

4. Effective Communication:

• Ability to clearly and effectively communicate and elevate issues to management.

WHAT YOU NEED TO SUCCEED

• Associate degree in accounting or related field, or 2-3 years in premium accounting or related roles within the insurance industry. Experience and education may be substituted for one another.
• Demonstrated ability to rapidly grasp new concepts, procedures, and technologies, enabling swift adaptation to changing environments and tasks.
• Mid-level understanding of accounting principles and accounting techniques.
• Understanding of ledger entries.
• Ability to input a large number of accounting transactions with a high degree of accuracy.
• Ability to calculate discounts, interests, percentages, and proportions.
• Outstanding organizational skills, including prioritizing and follow-up and the ability to handle competing demands and priorities.
• Ability to take initiative and work independently.
• Fluency in Spanish, Portuguese, or Mandarin is a plus.

BENEFITS (the fun stuff)

As an employee of Citizens, we promise you the opportunity to make a meaningful difference in the lives of our customers, communities, and one another. We believe in fostering a culture of camaraderie, where your ideas are valued, and collaborative efforts drive innovation. Our commitment to rewarding work extends beyond professional growth to recognize your individual contributions and achievements.

We take a complete approach to our employees' well-being. Our benefits package includes medical, dental, vision, short-term and long-term disability, AD&D, group term life insurance, and a matching 401k to secure your financial future. Our benefits plan allows for Virtual Visits and access to our Employee Assistance Program, showcasing our commitment to your health and work-life balance. Enjoy the added perks of generous Paid Time Off and holidays, ensuring you have the time to recharge and savor life outside of work. Join us and embrace a workplace that values not only your professional growth but also your personal fulfillment.

At Citizens, our employees and customers are at the heart of everything we do. Our success as a company begins with our team of employees and departments to service our customers. That's why we strive to create an environment where employees are equipped and challenged to reach their full potential.

Citizens is an equal opportunity employer. We do not discriminate on the basis of race, color, religion, sex, gender identity, national origin, age, disability, or veteran status. We are committed to fostering a diverse and inclusive workplace where every individual is valued, and all qualified applicants are encouraged to apply.