Staff Accountant

AMERICAN FREEDOM INSURANCE; Illinois; Hybrid; USD 60,000 - 80,000; Full time

Benefits offered by this job

Competitive Salary

401K with company match

Health & Wellness plans

Growth/Stability

Job summary

American Freedom Insurance Company (AFIC) is expanding and seeking an experienced accounting specialist to manage accounts payable and receivable in a hybrid role in Mount Prospect, IL. The ideal candidate has 3+ years in AP/AR, strong Excel skills, and a proven ability to improve processes while ensuring regulatory compliance.

The role offers hybrid work with an office in Mount Prospect and competitive benefits, including 401K matching and comprehensive health plans.

Qualifications

• BA/BS degree in Accounting preferred.
• 3+ years experience in accounts payable and/or receivable.
• Experience with QuickBooks a plus.
• Proficiency in MS Office, especially advanced Excel skills with VLOOKUP and PivotTables.
• Excellent communication skills to interact with agents and varying levels of management and staff.

Responsibilities

• Responsible for Accounts Receivable and Accounts Payable.
• Review bank payments for accuracy, including Positive Pay.
• Lead collection of overdue balances including emailing/calling insurance agents when necessary.
• Enter payments into accounting software and run month-end reports.
• Reconcile workpapers and prepare weekly expense checks.
• Ensure financial data complies with professional and regulatory standards.

Skills

Analytical thinking

Attention to detail

Team player

Strong work ethic

Independent after training

Communication skills

Education

BA/BS in Accounting

Tools

QuickBooks

MS Excel (Advanced: VLOOKUP, PivotTables)

Job description

Job Description

American Freedom Insurance Company (AFIC) is a midsized, profitable, and expanding nonstandard automobile insurance company doing business in Illinois, Indiana, Pennsylvania, Tennessee, Texas and licensed in Ohio. We are looking for someone that can contribute in a fast paced, growing organization. AFIC is financially strong and has earned an “A+” Superior rating from A.M. Best.

The position is hybrid (or full-time in office if preferred) and the office is located in Mount Prospect, Illinois, a suburb of Chicago

Responsibilities:

• Responsible for Accounts Receivable and Accounts Payable
• Review bank payments for accuracy, including Positive Pay
• Lead collection of overdue balances including emailing/calling insurance agents when necessary
• Update collections spreadsheet 2x/month
• Account for bad debt write-offs
• Enter payments into accounting software
• Run month-end reports
• Reconcile workpapers
• Initiate Electronic Funds Transfer of commission payments
• Make journal entries for commissions, refunds, fees, chargebacks, etc.
• Print and email agency statements and summaries
• Reconcile producer payments, bank deposits, refunds and workpapers, including collections
• Review invoices to confirm amounts are approved/accurate and prepare and issue weekly expense checks
• Ensure financial data complies with professional and regulatory standards
• Identify and implement process improvementsCollaborate with other units to gather, analyze, and interpret relevant information
• Additional responsibilities as assigned

Requirements

• Insurance company accounting experience including statutory accounting principles is a plus
• BA/BS degree in Accounting preferred
• 3+ years experience in accounts payable and/or receivable
• Experience with QuickBooks a plus
• Proficiency in MS Office, especially advanced Excel skills with V-Look Ups and Pivot Tables experience
• Strong work ethic and ability to innovate
• Responsible and conscientious nature
• Exceptional attention to detail
• Analytical aptitude
• Strong organizational skills
• Excellent communication skills to interact with agents and varying levels of management and staff
• Team player with ability to work independently after training with little to no supervision

Benefits: AFIC offers a competitive salary and a comprehensive benefits package to support you

• Competitive Salary: Rewarding your expertise and experience
• Financial Security: 401K with up to a 6% company match
• Health & Wellness: Choice of Blue Cross Blue Shield PPO, HMO, or HSA plans, Dental and vision insurance, Access to telemedicine services
• Growth/Stability: Over 12 consecutive years of profitable growth, confirmed by A+ Superior rating by A.M. Best
• Work-Life Balance: Monday-Friday, 8 am-5 pm CST
• Holidays: At Least 6 Paid Holidays
• Paid Time Off (PTO): PTO that can be used for vacation, personal, or sick time
• Personal Days: Separate personal days for sickness, family needs, appointments or personal matters
• Employee Recognition: We celebrate work milestones to show appreciation for your contributions
• Professional Growth: Paid training, state licensing reimbursement, and opportunities for advancement
• Positive Culture: Enjoy our inclusive holiday events, employee referral bonuses, and more