Program Accountant

Clear Blue Insurance Services Puerto Rico LLC•Guaynabo, PR

About The Position

The Program Accountant is responsible for reconciling Managing General Agent (MGA) accounts receivable monthly in accordance with departmental standards, identifying potential problems, and reporting them to a supervisor with proposed corrective actions. The role analyzes and reconciles balance sheet and income statement accounts, including claims, reinsurance, premiums, commissions, and fees. It also involves communicating with MGAs to resolve account discrepancies and obtain documentation, preparing journal entries and applicable reinsurance bordereaux, and potentially assisting the EVP and CFO with special accounting and finance projects. Responsibilities, knowledge, skills, abilities, and working conditions may change as organizational needs evolve.

Requirements

Bachelor's degree in accounting or finance.
At least 3 years of relevant business experience.
Proven knowledge of GAAP and STAT accounting principles, practices, standards, laws, and regulations.
Advanced computer skills in MS Office, accounting software, and databases.
Intermediate to advanced MS Excel skills.
Fully bilingual in English and Spanish.
Ability to read and analyze insurance transactions.
Ability to present information effectively in an articulate, persuasive, and decisive manner.
Ability to perform mathematical calculations.
Ability to define problems, collect data, establish facts, and draw valid conclusions.
Ability to interact continuously with internal and external stakeholders and work with departments throughout the organization.
Time-management skills and strong organizational skills.
High attention to detail and accuracy.
Performance- and results-oriented, with the ability to execute under tight deadlines.
Ability to work well in a team environment.
Ability to maintain confidential information.
Ability to learn quickly.

Nice To Haves

Property and casualty insurance experience.

Responsibilities

Prepare MGA reconciliations and follow up with MGAs about reconciling differences.
Reconcile claims paid and reserves with the claims ledger and general ledger.
Reconcile other program-related accounts, including commissions, fees, premium receivables, and premium payables.
Reconcile reinsurance transactions, including reinsurance recoverables and funds-held accounts.
Prepare and post journal entries.
Contact MGAs to build business relationships, resolve account-receivable and premium or commission differences, and obtain documents needed for processing in the system.
Prepare reinsurance bordereaux as applicable.
May assist the EVP and CFO with other tasks and special accounting and finance projects.
Analyze and reconcile balance sheet and income statement accounts.
Report potential problems to a supervisor and propose corrective action.