Staff Accountant

LIO Insurance; Conshohocken (Montgomery County); On-site; USD 55,000 - 75,000; Full time

Benefits offered by this job

Medical, Dental, Vision, and Rx

Health Savings Account

Employer-paid Life & AD&D

Short-Term Disability

Long-Term Disability

Voluntary Life & AD&D

401(k) Retirement Savings

Flexible Time Off

Employee Assistance Program

Voluntary Pet Insurance

Career development and growth

Job summary

LIO Insurance is hiring a Staff Accountant to join our finance team. You will help manage financial transactions, prepare reports, and ensure compliance with accounting principles and company policies.

Reporting to the Assistant Controller INSCO, you will handle journal entries, reconciliations, close activities, and insurance-specific financial processes while supporting audits and process improvements.

Qualifications

• Bachelor's degree in accounting or finance.
• 1–2 years of general accounting experience.
• Insurance accounting experience is a plus.

Responsibilities

• Prepare and record journal entries and supporting documentation for various accounting transactions.
• Perform bank and other general ledger account reconciliations, addressing reconciling items as necessary.
• Assist with monthly, quarterly, and year-end close activities.
• Process and record all insurance entity-related receipts and disbursements, including premium payments, commission disbursements, and return premiums.
• Prepare invoices for agency receivables and deductible recoveries, and maintain accurate records of open receivables and aging.
• Assist with regulatory compliance and reporting, including tax filings, and support internal and external audit requests.
• Maintain effective internal controls contributing to an environment of audit-readiness, and contribute to process improvement initiatives.
• Assist with special projects and other duties as assigned.

Skills

Accounting principles

Analytical skills

Communication skills

Fast-paced environment

Accounting systems

Education

Bachelor's degree in accounting or finance

Tools

Workday

Excel

Job description

Build the Next Generation of Insurance With Us

We’re building a better insurance buying experience where smart, curious people thrive. Innovation isn’t just what we do – it’s how we think, work, and grow together.

We’re a digitally-driven specialty carrier with the heart of a startup and the backing of industry veterans. Our proprietary technology platform lets us move faster, quote smarter, and serve our customers better—and we’re growing fast. But it’s our people who make that possible.

Reporting to the Assistant Controller INSCO, the Staff Accountant plays a pivotal role on LIO's finance team, contributing to the management of financial transactions, preparing comprehensive financial reports, and ensuring strict adherence to accounting principles and company policies.

• Prepare and record journal entries and supporting documentation for various accounting transactions.


• Perform bank and other general ledger account reconciliations, addressing reconciling items as necessary.


• Assist with monthly, quarterly, and year-end close activities.


• Process and record all insurance entity-related receipts and disbursements, including premium payments, commission disbursements, and return premiumsPrepare invoices for agency receivables and deductible recoveries, and maintain accurate records of open receivables and aging.


• Assist with regulatory compliance and reporting, including tax filings, and support internal and external audit requests.


• Maintain effective internal controls contributing to an environment of audit-readiness, and contribute to process improvement initiatives.


• Assist with special projects and other duties as assigned.

LIO LIFE — What We Value

• The Customer Lens -- Prioritizing our relationships, service, and needs of our customers.


• Innovative Thinking -- Fostering an environment that empowers and sustains bold thinking and actions.


• Balance -- Creating an inclusive, diverse, and holistic balance to meet our personal and professional needs.


• Simplicity -- Striving for simplicity in our service, products, and processes.


• Accountability -- Owning our results and learning from them.

Qualifications:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Strong knowledge of accounting principles and practices.


• Ability to navigate ambiguity and show excellent analytical and problem-solving skills, with strong attention to detail and organizational ability.


• Effective communication and interpersonal skills; able to build strong partnerships with stakeholders, both internally and externally.


• Ability to work in a fast-paced environment, managing multiple responsibilities and competing deadlines with speed and accuracy.


• Commitment to the highest standards of quality, integrity, and confidentiality in handling financial information.


• High degree of professionalism; treats others with respect and adapts readily to change.


• Experience analyzing data sets and working with accounting systems.


• Comfortable identifying and recommending improvements to existing procedures and systems, with an eye toward process automation.


• Proficiency in accounting software (e.g., Workday, Excel)

Required Education and Experience

• Bachelor's degree in accounting or finance.


• 1-2 years of general accounting experience.


• Insurance accounting experience is a plus.

LIO offers a comprehensive benefits package designed to support your health, financial security, and work-life balance. Benefits are effective on your date of hire.

• Medical, Dental, Vision, and Prescription coverage.


• Health Savings Account (HSA), Flexible Spending Account (FSA), and Dependent Care Assistance Program (DCAP).


• Employer-paid Life & AD&D, Short-Term Disability, and Long-Term Disability.


• Voluntary Life & AD&D insurance.


• 401(k) Retirement Savings plan.


• Flexible Time Off.


• Employee Assistance Program (EAP).


• Voluntary Pet Insurance.


• Career development and growth opportunities.

Minimal to no travel is required for this role.

EEO Statement

LIO Insurance provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, creed, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.

Other Duties

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.