Staff Accountant I

Midwest Family Mutual Insurance Company•Urbandale, IA

2d•Remote

About The Position

Midwest Family Mutual, a property and casualty insurer licensed in 32 states, is seeking a Staff Accountant I to join their accounting team. This remote position reports to the Controller and is responsible for processing invoices for payment, claim check and ACH processing, and W9 collection and 1099 preparation. The role also involves daily and monthly reconciliation of various reports and accounts, assisting with agent and customer inquiries related to billing and payments, and supporting other day-to-day accounting functions. The ideal candidate is dependable, highly motivated, a self-starter who works well independently, and can be a functional team player. Requirements include high-speed internet access, a dedicated home office space, and occasional travel to the Urbandale, IA office.

Requirements

Excellent written, verbal, and interpersonal communication skills.
Strong analytical and problem-solving skills with the ability to research and resolve payment discrepancies.
Exceptional attention to detail and a high degree of accuracy in processing financial transactions.
Strong organizational and time management skills with the ability to prioritize multiple deadlines.
Ability to work independently while contributing effectively as a member of the accounting team.
Proficient in reconciling accounts, researching variances, and maintaining accurate financial records.
Customer-focused with the ability to provide professional service to policyholders, agents, vendors, and internal business partners.
Ability to maintain confidentiality and handle sensitive financial information.
Proficiency in Microsoft Office, including intermediate to advanced Microsoft Excel skills.
Knowledge of insurance premium billing, direct bill and agency bill processes.
Familiarity with agency commission processing and premium adjustments.
Dependable high-speed internet access and a dedicated home office workspace.
Two or more years of experience in accounts receivable, billing, cash application, banking operations, or general accounting.
Experience processing customer payments, performing account reconciliations, and researching payment discrepancies.
Experience with general ledger systems and accounting software.

Nice To Haves

Experience with policy administration systems, billing systems, or agency management systems is a plus.
Property and Casualty insurance experience or insurance accounting experience is a plus.
Associates or Bachelor’s degree in Accounting, Finance, Business Administration, or a related field is a plus.

Responsibilities

Process and post premium receipts, including checks, ACH, lockbox, electronic payments, and other payment activity, to the policy administration system accurately and timely.
Perform daily deposit reconciliation by comparing bank, lockbox, payment processor, and internal system activity to ensure all premium payments are properly recorded and applied.
Research and resolve unapplied, misapplied, duplicate, or returned payments, including coordinating corrections with internal departments, agents, and customers as needed.
Review and reconcile premium billing activity, direct bill balances, agency bill accounts, and other receivable activity to ensure accurate policyholder and agent account balances.
Process direct billing adjustments, payment transfers, refunds, write-offs, and other billing-related corrections in accordance with company procedures.
Respond to billing and payment inquiries from policyholders, agents, customer service, underwriting, and other internal departments in a professional and timely manner.
Prepare and maintain documentation to support premium receipts, billing adjustments, reconciliations, refunds, and other accounts receivable transactions.
Assist with claim recoveries, subrogation receipts, returned payments, NSF items, and other miscellaneous receivable transactions as assigned.
Support agency commission-related adjustments or billing corrections that impact agent or policyholder receivable balances.
Assist with escheatment, unclaimed property, and stale-dated payment review as it relates to accounts receivable or premium refund activity.
Support other day-to-day accounting department functions and assist with special projects as assigned.