Staff Accountant

BCS Financial Corporation • Oakbrook Terrace, IL

5d • Hybrid

About The Position

The Staff Accountant is responsible for preparing monthly and quarterly journal entries for gross and ceded underwriting activity for various management programs. This includes reviewing and journalizing activity related to Premiums collected and uncollected, Losses paid and unpaid, and related commission expenses paid and accrued. In addition, the individual will be preparing reinsurance statements and reporting as required. Complete monthly settlement invoices and billing for actual premium and loss activity. Perform account reconciliations, quarterly variance analysis and assist with the completion of Reinsurance schedules within the Annual Statement.

This role will report to AVP of Program Accounting.

Requirements

• Bachelor’s degree in Accounting or Finance or commensurate experience
• 1–2 years of statutory insurance accounting experience preferred
• Working knowledge of insurance products and contracts (A&H, Life, P&C)
• Proficiency with Microsoft Office (especially Excel)
• Experience with accounting and reporting tools such as Oracle Fusion G/L, SmartView, Power BI, Alteryx, Access, and eFreedom Annual Statement preferred
• Strong foundation in accounting and statutory insurance accounting requirements
• Strong organizational, time-management, and prioritization skills; ability to meet strict deadlines
• Customer-service mindset with the ability to work effectively with internal partners, vendors, auditors, intermediaries, and TPAs

Nice To Haves

• Demonstrated technical agility and continuous-improvement mindset, including automation/process improvement (e.g., Copilot/AI, VBA) preferred
• Basic understanding of insurance operations and reinsurance accounting is a plus

Responsibilities

• Record and journalize underwriting activity for assigned products.
• Process reinsurance activity in accordance with contract terms, including tracking payables and recoverables in the Cash Application System.
• Prepare general ledger account reconciliations accurately and on time.
• Perform balance sheet and income statement variance analysis versus forecast and document key drivers.
• Prepare quarterly underwriting reporting, including loss development schedules and losses by incurred year for assigned programs/products.
• Prepare and reconcile quarterly analytics and support annual reinsurance filings.
• Support system changes by completing required uploads and UAT testing for new product lines.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 101-250 employees