Staff Accountant (Insurance Industry)

Tokio Marine HCC•Wakefield, MA

21h•$73,400 - $100,900•Hybrid

About The Position

Become part of a dynamic team at the TMHCC Specialty Group headquarters in Wakefield, MA while working across multiple departments such as accounting, underwriting and claims. Under supervision of the Reinsurance Accounting Manager, you will perform intermediate reinsurance and accounting activities relating to management of gross and ceded reinsurance balances, maintenance of general ledger accounts, and preservation of accuracy within the reinsurance and financials systems.

Requirements

Two (2)+ years of relevant and progressive accounting experience
A bachelor’s degree in accounting, Finance, a related field, or the equivalent education and/or experience
Excellent communication and critical thinking skills
Incredible attention to detail and organizational skills
Solid understanding of insurance/reinsurance principles and the accounting relationship
Understanding of the general applications of an insurance/reinsurance system
Exceptional analytical skills; demonstrated ability to manage multiple tasks simultaneously
Intermediate proficiency and experience using Microsoft Office package (Excel, Power BI, PowerPoint, Word)

Responsibilities

Become familiar with the Specialty Group business, programs used (PeopleSoft, RSC, Origami, AS400), and daily operations as they relate to reinsurance accounting and reporting within the first 30 days.
Become proficient in using accounting and reinsurance systems to complete assigned tasks, facilitate and report reinsurance settlements for premiums and claims, respond to inquiries from reinsurers and brokers, and coordinate responses with appropriate departments within the first 60 days.
Begin supporting broader staff accounting responsibilities, including preparing journal entries, assisting with monthly book close activities, completing balance sheet workpaper reconciliations, reviewing account activity, and ensuring financial information is accurate, complete, and properly supported within the first 60 days.
Assist in the month-end closing of business lines within both the reinsurance and the general ledger systems, set up treaties (reinsurance contracts) in the reinsurance system, and analyze accounting information to prepare and post entries to general ledger accounts and document business transactions as they relate to reinsurance activities within the first 90 days.
Prepare general ledger account reconciliations related to reinsurance activity and record activity in the account reconciliation tool on an ongoing basis.
Assist with interactions with internal and external auditors, as needed, on reinsurance matters.
Proactively identify, research, and resolve reconciliation items related to reinsurer balances.
Prepare various ad hoc reports using advanced Excel skills.
Assist with reporting for reinsurance-related meetings by gathering data, preparing schedules, summarizing key account activity, and ensuring materials are accurate and complete.

Benefits

Competitive salary and comprehensive benefit package
Strong learning culture with ongoing development opportunities
Opportunities for growth and career advancement
Comprehensive medical, vision, and dental coverage, with eligibility beginning on your first day of employment
Basic life and disability insurance
401(k) plan with 6% company match
20 days of PTO, two floating holidays, approximately 11 paid holidays, and volunteer time off
Paid parental leave
Access to our award-winning wellness program, including mental health services, fitness network membership, and a complimentary Headspace subscription
Student loan matching program
Employee discount program