Program Accountant

ADP, Inc.; Guaynabo (PR); On-site; USD 45,000 - 60,000; Full time

Job summary

Automatic Data Processing, Inc. is seeking a Program Accountant in Guaynabo, PR to manage monthly reconciliations for MGAs, analyze balance sheets and income statements, and prepare journal entries.

The role requires bilingual communication, strong accounting fundamentals, and collaboration with multiple stakeholders. You will reconcile claims, premiums, commissions, and reinsurance transactions while supporting senior finance leaders on special projects.

Qualifications

• Bachelor's degree in accounting or finance is required.
• 3+ years of relevant business experience is preferred.
• Property and casualty insurance exposure is a plus.
• Proven knowledge of GAAP and STAT accounting principles.
• Advanced MS Excel and general IT skills are expected.

Responsibilities

• Reconcile MGA account receivables monthly and report issues.
• Reconcile claims paid and reserves with ledgers.
• Reconcile commissions, fees, and premium receivables.
• Reconcile reinsurance transactions and funds held accounts.
• Prepare and post journal entries.
• Communicate with MGAs to resolve receivable differences.
• Assist EVP and CFO on special accounting projects.

Skills

Bilingual English/Spanish

Insurance transaction analysis

Data presentation

Mathematical calculations

Problem solving

Stakeholder communication

Team player

Confidentiality

Fast learner

Education

Bachelor's degree in accounting or finance

Tools

MS Office

Accounting software

Databases

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.

Program Accountant

Fin-all Full Time Guaynabo, PR, US

POSITION DESCRIPTION

The Program Accountant – will be responsible for r econciling Managing General Agents (MGAs) account receivables monthly in accordance with departmental standards and report all potential problems with proposed corrective action to supervisor. Analyze and reconcile balance sheet and income statement accounts.

MAIN DUTIES AND RESPONSIBILITIES

• Prepare MGA reconciliations and follow up with MGAs on reconciling differences
• Responsible for the reconciliation of claims paid and reserves with the claims ledger and general ledger.
• Reconciliation of other program related accounts i.e Commission, Fees, Premium Receivables, Premium Paybles.
• Responsible for reconciling reinsurance transactions including reinsurance recoverables and funds held accounts.
• Prepare and post journal entries.
• Contact Managing General Agents (MGAs) to develop business relations to solve situations regarding account receivables and differences of premiums and commissions; and obtain necessary documents to process them in our system.
• Responsible for the preparation of reinsurance bourderaux as applicable.
• May assist the EVP and CFO in other tasks and special accounting and finance projects

EDUCATION AND QUALIFICATIONS

• Bachelor's degree in accounting or finance
• 3+ years of relevant business experience
• Property and casualty insurance experience is a plus.
• Proven knowledge of GAAP and STAT accounting principles, practices, standards, laws and regulations.
• Advanced computer skills in MS Office, accounting software and databases.
• High attention to detail and accuracy.
• Strong organizational skills
• Performance and results oriented with proven execution with tight deadlines
• Intermediate to advance MS Excel skills

SKILLS

• Fully Bilingual in English and Spanish. Ability to read, and analyze, insurance transactions.
• Ability to effectively present information in an articulate, persuasive, and decisive manner.
• Ability to handle mathematical calculations.
• Ability to define problems; collect data, establish facts, and draw valid conclusions.
• The responsibilities of this position require continuous interaction with internal and external stakeholders.
• Ability to work and interact with departments throughout the organization
• Excellent attention to detail.
• Work well in a team environment
• Able to maintain confidential information.
• Fast learner

This description is intended to provide only basic guidelines for meeting job requirements. Responsibilities, knowledge, skills, abilities and working conditions may change as needs evolve.