Senior Accountant

Berkley•Naperville, IL

9d•Hybrid

About The Position

At Berkley Program Specialists, we are dedicated exclusively to program business and excel at partnering with program administrators who possess significant underwriting expertise for homogeneous, niche classes of business. We enjoy the strength and stability that comes with being a Berkley Company and underwrite our programs through our member insurance companies, which are A+ (Superior), Financial Size Category XV, by A.M. Best.

Requirements

Bachelor Degree in Accounting
Insurance Accounting experience required
Advanced Excel skills (including LookUps, Pivot Tables, index matching)
Strong knowledge of GAAP and other accounting control principles
Ability to set priorities, meet deadlines, and multi-task with minimal supervision
Highly organized, attentive to detail and analytical
Strong problem solving
Initiative and self-motivated
Strong written and verbal communication skills

Nice To Haves

CPA a plus
Reinsurance accounting experience a plus
Reinsurance experience is a plus

Responsibilities

Perform month-end close activities including journal entries, supporting schedules and analysis, meeting all due dates per closing schedule.
Process and analyze IBNR
Analyze Deferred Acquisition Costs and Earned Premium
Prepare month-end data balancing and review
Work with affiliates monthly, in recording and balancing assumed business
Analyze and reconcile bank statements and internal general ledger accounts (including analysis and resolution of reconciling items)
Prepare month end Market Condition Report and Corporate Dashboard
Monthly reporting of account currents and settlement of open balances on a timely basis, including monitoring and coding cash settlements, research and resolve open receivable balances, and unapplied cash items monthly
Calculate and analyze premium estimates
Assumed Reinsurance Contract Analysis and premium & loss processing
Monitor contracts for profit commission
Responsible for the accuracy of results for assigned programs and contracts.
Prepare analysis and utilize reporting tools to obtain information from the general ledger and/or financial data warehouse as required to assist with the reconciliation and analytic duties related to position
Assist in the completion of the Quarterly Sch P and Sch F
Assist in Annual Budget Project
Assists in the support of internal and external audits/examinations and SOX
Active pursuit of continuous process improvement and progress measurement (metrics)
Other Duties as assigned