26-046 Accounting Manager - Budget & Expense Reporting

Chesapeake Employers' Insurance Company • Towson, MD

7h • Hybrid

About The Position

Chesapeake Employers’ Insurance Company is a purpose-driven organization dedicated to improving the lives and livelihoods of our policyholders, injured workers, team members, and the community. As a leading workers' compensation specialty insurer in the mid-Atlantic region, we take pride in being a force for good. Our 350 team members are committed to making a positive impact every day in the lives of all our stakeholders. Join our motivated, professional team as we foster a culture of values, teamwork, innovation, and collaboration. Established in 1914, Chesapeake Employers Insurance, headquartered in Towson, Maryland, has over a century of experience, a strong financial foundation, and an "A" rating from AM Best.

POSITION SUMMARY:
Manage the operations group within Finance to provide accurate information for reporting and to support management in decision-making as well as provide timely services to its customers. The Manager specifically oversees budget development and reporting, payroll processing, fleet management, vendor management services, and other roles significant to the daily responsibilities of the Finance Department. Resource development and allocation is critical to providing these services within a productive environment.

Requirements

• Bachelors degree in Accounting required.
• 5-7 years accounting experience.
• 3-5 years supervisory experience.
• General PC skills, including Excel, General ledger.
• Thorough knowledge of GAAP and statutory accounting.
• Strong communication and interpersonal skills as well as strong organizational and time management skills

Nice To Haves

• CPA or Master’s Degree in Business or Finance preferred.
• Insurance accounting experience is preferred.

Responsibilities

• Assist in the development and implementation of goals, policies and procedures relating to financial management, budget management and payroll processing.
• Assist in the month end closing and financial reporting process including account analysis and reconciliation
• Development of system controls and reconciliations to ensure data integrity
• Manages biweekly payroll process ensuring teammates are paid correctly, exceptions and deductions are processed, accounting processed correctly and timelines are met for the payroll vendor.
• Supervises maintenance of various accounting systems, including fixed asset system, accounts payable system, contracts database, procurement system, medical vendor system, unclaimed property system and payroll system.
• Manages vendor file for the organization ensuring entity viability, adherence to IRS standards, and medicare reporting.
• Develops and manages the operating and capital budget process for the organization for combined expenses of approximately $55 million annually. Leads review of departmental submissions for alignment with organizational strategy and discusses with departmental leaders prior to final submission.
• Prepare monthly analysis of expenses through distribution of budget variance reports, requiring responses to material variances to provide explanations and potential solutions to mitigate risk to management.
• Project expenses upon various scenarios to facilitate management decisions and potential cost recommendations.
• Prepares monthly accruals related to the general and administrative expenses for inclusion in financials for the monthly reporting.
• Review monthly bank reconciliations for accuracy and approval.
• Manages escheated funds reporting with completion of annual unclaimed property reporting per state requirements.
• Contributes to the achievement of established department goals and objectives; adheres to departmental policies, procedures, quality and safety standards, and consistently exhibits Chesapeake’s Values and Behaviors.
• Completes annual 1099 reporting for Accounts Payable and assists with 1099 reporting for medical vendors.

Benefits

• health, vision, and dental coverage
• a robust PTO plan
• an 8% employer contribution to retirement regardless of team member contribution
• educational assistance
• opportunities to participate in team member appreciation events
• STD, LTD and group life insurance 1X a team members salary
• free tickets to community attractions

What This Job Offers

• Job Type: Full-time
• Career Level: Manager