Staff Accountant

BCS Financial Corporation; Northern (KY); Hybrid; USD 75,000 - 85,000; Full time

Benefits offered by this job

Hybrid work environment

Full benefits: medical, dental, 401k

Generous PTO 22–30 days

12 paid holidays

Parental leave

Home office reimbursement

Professional development and tuition/证

Wellness reimbursement

Job summary

BCS Financial Corporation in Oakbrook Terrace, IL is seeking a Staff Accountant to prepare monthly and quarterly journal entries for underwriting activity, review and journalize premiums, losses, and related expenses, and assist with reinsurance reporting.

The role reports to the AVP of Program Accounting and is a hybrid position requiring an average of 2 days per week in the office. The target base salary range is $75,000 - $85,000 with comprehensive benefits.

Qualifications

• Bachelor’s degree in Accounting or Finance or commensurate experience.
• 2-3 years of statutory insurance accounting experience preferred.
• Proficiency with Microsoft Office, especially Excel.
• Experience with accounting and reporting tools such as Oracle Fusion G/L, SmartView, Power BI, Alteryx, Access, and eFreedom Annual Statement preferred.
• Strong foundation in accounting and statutory insurance accounting requirements.

Responsibilities

• Record and journalize underwriting activity for assigned products.
• Process reinsurance activity per contract terms, tracking payables and recoverables.
• Prepare general ledger reconciliations accurately and on time.
• Perform balance sheet and income statement variance analysis versus forecast.
• Prepare quarterly underwriting reporting and loss development schedules.
• Support system changes by completing uploads and UAT testing for new product lines.

Skills

Excel proficiency

Insurance accounting knowledge

Automation/AI experience

Analytical skills

Education

Bachelor’s degree in Accounting or Finance

Tools

Oracle Fusion G/L

SmartView

Power BI

Alteryx

Access

eFreedom Annual Statement

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.

Staff Accountant

Full Time SME/Specialist Oakbrook Terrace, IL, US

2 days ago Requisition ID: 1255

Position Overview

The Staff Accountant is responsible for preparing monthly and quarterly journal entries for gross and ceded underwriting activity for various management programs. This includes reviewing and journalizing activity related to Premiums collected and uncollected, Losses paid and unpaid, and related commission expenses paid and accrued. In addition, the individual will be preparing reinsurance statements and reporting as required. Complete monthly settlement invoices and billing for actual premium and loss activity. Perform account reconciliations, quarterly variance analysis and assist with the completion of Reinsurance schedules within the Annual Statement.

This role will report to AVP of Program Accounting.

• Record and journalize underwriting activity for assigned products.
• Process reinsurance activity in accordance with contract terms, including tracking payables and recoverables in the Cash Application System.
• Prepare general ledger account reconciliations accurately and on time.
• Perform balance sheet and income statement variance analysis versus forecast and document key drivers.
• Prepare quarterly underwriting reporting, including loss development schedules and losses by incurred year for assigned programs/products.
• Prepare and reconcile quarterly analytics and support annual reinsurance filings.
• Support system changes by completing required uploads and UAT testing for new product lines.

Requirements

Education and Certifications

• Bachelor’s degree in Accounting or Finance or commensurate experience

Experience

• 2-3 years of statutory insurance accounting experience preferred
• Working knowledge of insurance products and contracts (A&H, Life, P&C)
• Proficiency with Microsoft Office (especially Excel)
• Experience with accounting and reporting tools such as Oracle Fusion G/L, SmartView, Power BI, Alteryx, Access, and eFreedom Annual Statement preferred
• Strong foundation in accounting and statutory insurance accounting requirements
• Strong organizational, time-management, and prioritization skills; ability to meet strict deadlines
• Customer-service mindset with the ability to work effectively with internal partners, vendors, auditors, intermediaries, and TPAs
• Demonstrated technical agility and continuous-improvement mindset, including automation/process improvement (e.g., Copilot/AI, VBA) preferred
• Basic understanding of insurance operations and reinsurance accounting is a plus

Travel

• This is a Hybrid position requiring an average of 2 days per week in office.

The target base salary range for this full-time, salaried position is

$75,000 - $85,000

Individual base pay depends on work location and additional factors such as experience, job-related skills, and relevant education or training. Total pay may include other forms of compensation. In addition, we offer competitive health, dental, 401k and wellness benefits beginning on the first day of the month following the first day of employment. Please ask your Talent Acquisition Specialist for more information about our total rewards package.

What we offer:

• Hybrid and remote work environments
• Full benefits including flexible HSA/PPO medical plans, Dental, Vision, and HSA/FSA
• 401(k) w/ up to 6% company match
• Generous PTO starting at 22 days annually
• 12 paid holidays
• Parental leave
• Home office and wellness reimbursement
• Professional development and development planning: tuition reimbursement, continuing education & assistance obtaining professional certifications