Associate Accountant

KEMI•Lexington, KY

1d•Hybrid

About The Position

This role is responsible for assisting the Finance department with customer service and accounting duties to maintain accurate financial records. The Associate Accountant will perform a variety of tasks including reviewing daily reports, processing payments, reconciling accounts, and preparing financial reports. This position requires strong organizational skills, attention to detail, and knowledge of accounting principles and insurance operations.

Requirements

Ability to maintain confidentiality and discretion.
Strong organizational skills, time management skills and attention to detail.
Effective communication skills, both written and verbal.
Knowledge of workers’ compensation insurance operations.
Intermediate knowledge of Microsoft Excel, Word and Outlook.
Ability to efficiently learn and utilize business systems, software, and tools.
Ability to occasionally work in the Lexington office to receive and/or replenish supplies and process payments dropped in box, as needed.
Ability to sit at a desk for extended periods of time, communicate via telephone, operate a computer, keyboard and mouse throughout the day.
Reliable attendance.
Adhere to all company policies.
Interact professionally with coworkers, existing and potential customers.
Actively support the KEMI Mission, Vision, Values and culture.

Nice To Haves

Bachelor’s degree in accounting or business preferred.
1-3 years Insurance or accounting experience preferred.

Responsibilities

Review daily lockbox reports, verify accuracy of daily deposits and reconcile Policy system and lockbox barcoded batches.
Enter manual items received daily accurately and timely.
Save batch list reports as appropriate.
Post incoming ACH and wire payments to policy system and/or general ledger.
Process returned payments (checks, EFTs, wire and any other payment forms) from reports and/or notices, including corresponding with Underwriting or Claims, where appropriate.
Calculate and review daily balancing of premiums receivable per policy system reports compared to the General Ledger.
Discuss any discrepancies, findings, and recommendations for corrections with Accounting management.
Prepare Operating Bank reconciliation daily, investigating and resolving all discrepancies to ensure Operating account is accurate.
Download and match transactions with other daily reports as required.
Process accounting transactions related to the employee charity fund using statutory and cash accounting principles and rules.
Perform purchasing functions for office supplies and special orders, including preparation of purchase orders, identification of correct vendor, account and cost center, placing orders and receiving stock.
Monitor stock and place orders for business cards, as needed.
Setup Injured Worker EFTs by determining accuracy of banking and payee data.
Use general ledger software processes to release monthly EFTs upon reviewing controls and approvals for accuracy.
Generate HRIS benefits reports, evaluate, refine, and maintain benefits payment reports, collaborating with Human Resources on discrepancies, as warranted.
Review and determine correct amounts, accounts and cost centers for employee benefit general journal entries.
Prepare monthly benefit variance reports, highlight and submit material variances to management.
Request void/reissuance of stale checks when appropriate; provide EOB and check copies.
Serve as a Records Information Officer (RIO) for the Finance unit; determine compliance with the enforcement of records retention guidelines; document tracking and destruction of both paper and electronic records.
Perform a weekly detailed analysis of activity posted to the corporate credit card; promptly investigate and resolve any suspicious activity or other discrepancy.
Provide analysis of credit card terms, fees, potential savings and potential efficiencies in processes.
Coordinate all reporting with all internal parties to ensure completeness and efficiency.
Process Refunds at least weekly as determined by underwriters or underwriting report approvals.
Process Voids and Stop Payments on request for both Policy and Claims related items.
Input monthly deductions report into Origami Claims.
Process DOL online payments from Origami Claims.
Run and distribute quarter collections report; prepare monthly report of balances written off and recovered.
Provide exceptional customer service in Finance, responding to inquiries and or providing data or information, as applicable.
Identify and communicate potential cost savings and operational efficiencies.
Achieve employee SMART Goals.
Perform other duties as requested.