Finance Associate

Holmes Murphy Insurance • Waukee, IA

2d

About The Position

Start your finance career somewhere that invests in you. Innovative Captive Strategies offers hands-on experience, meaningful client work, and a path to grow your expertise in a dynamic, specialized segment of finance. We are looking for a Finance Associate to join our Finance team with ICS. This role will be essential to handling invoices and reconciling accounts for our captive clients.

Requirements

• High School Diploma required; Degree in Accounting, Finance or related field preferred or equivalent experience.
• 0-3 years of accounting experience with preference for insurance experience.
• Financial Knowledge, Principles, & Practice: Invests in the development of financial knowledge and applies relevant financial principles and practices throughout daily responsibilities to deliver quality work and accurate outcomes.
• Relationship Management: Actively fosters relationships by seeking to understand appropriate parties, prioritizing problem solving, and collaborating to deliver unique and impactful solutions.
• Analytical Skills: Ability to identify an opportunity and/or root cause, apply logical reasoning to analyze the facts, and develop and execute an effective outcome.

Responsibilities

• Prepare and issue internal ICS invoices to clients, including consulting, commission, custody, letter of credit, and reinsurance fees
• Validate and review monthly loss data for group captive programs
• Perform monthly account reconciliations to ensure accuracy and completeness of financial records
• Monitor captive cash balances and assist with surplus cash allocation
• Record daily journal entries related to captive financial activity
• Review and process captive assessment invoices
• File and maintain supporting documentation for deposits received by ICS and employee benefit captives
• Assist with assembling finance materials for board books and reporting packages
• Help document and update procedures related to assigned financial processes
• Collaborate professionally with internal teams and external stakeholders and support special projects as assigned

Benefits

• In addition to core benefits like health, dental and vision, also enjoy benefits such as:
• Paid Parental Leave and supportive New Parent Benefits — We know being a working parent is hard, and we want to support our employees in this journey!
• Company paid continuing Education & Tuition Reimbursement — We support those who want to develop and grow.
• 401k Profit Sharing — Each year, Holmes Murphy makes a lump sum contribution to every full-time employee’s 401k. This means, even if you’re not in a position to set money aside for the future at any point in time, Holmes Murphy will do it on your behalf! We are forward-thinking and want to be sure your future is cared for.
• Generous time off practices in addition to paid holidays — Yes, we actually encourage employees to use their time off, and they do. After all, you can’t be at your best for our clients if you’re not at your best for yourself first.
• Supportive of community efforts with paid Volunteer time off and employee matching gifts to charities that are important to you — Through our Holmes Murphy Foundation, we offer several vehicles where you can make an impact and care for those around you.
• DE&I programs — Holmes Murphy is committed to celebrating every employee’s unique diversity, equity, and inclusion (DE&I) experience with us. Not only do we offer all employees a paid Diversity Day time off option, but we also have a Chief Diversity Officer on hand, as well as a DE&I project team, committee, and interest group. You will have the opportunity to take part in those if you wish!
• Consistent merit increase and promotion opportunities — Annually, employees are reviewed for merit increases and promotion opportunities because we believe growth is important — not only with your financial wellbeing, but also your career wellbeing.
• Discretionary bonus opportunity — Yes, there is an annual opportunity to make more money. Who doesn’t love that?!

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED