Staff Accountant

Beyond Risk Management Inc • Beverly, MA

11d • Hybrid

About The Position

Beyond Risk Management has years of best-in-class experience in Property & Casualty management, Employee Benefits, and Captive Management, that offers a comprehensive portfolio of end-to-end alternative risk solutions for our clients. We are currently seeking a Staff Accountant who is an excellent multitasker with exceptional communication and time management skills!

The Staff Accountant is responsible for the timely and accurate recording, reconciliation, and reporting of medical stop loss insurance premiums, program management fees and ancillary commissions, as well as the comprehensive accounts receivable review and follow-up, and daily cash reconciliation activities. This role ensures that cash receipt postings are recorded promptly in accordance with policy terms, carrier billing, and internal financial controls and deadlines to support accurate financial reporting, cash flow management and operational efficiency. The position works closely with policy administration, underwriting, and client services to resolve premium, cash and receivable discrepancies.

Requirements

• Bachelor’s degree in Accounting, Finance, or related field (or equivalent experience)
• 2+ years of accounting experience; insurance industry experience preferred
• Prior exposure to stop loss insurance, health insurance, or specialty insurance products is a strong plus
• Solid understanding of accounting principles (GAAP knowledge preferred)
• Experience with accounting systems and premium/billing platforms
• Strong Excel skills, including reconciliations and data analysis
• Familiarity with insurance premium accounting concepts such as earned vs. unearned premium
• Highly organized with a strong attention to detail and accuracy
• Ability to prioritize tasks and maintain accurate records in a fast-paced environment
• Clear written and verbal communication skills
• Strong problem-solving and reconciliation skills

Nice To Haves

• Stop loss insurance premium posting or related health insurance accounting
• Experience working with carriers, TPAs, or brokers
• Exposure to audits or regulatory reporting in an insurance environment

Responsibilities

• Accurately post medical stop loss insurance premiums, program management fees and ancillary commissions, adjustments, and endorsements in the accounting system
• Review remittances to ensure correct recognition
• Maintain detailed cash posting schedules by policy, coverage period, and carrier
• Process premium credits, refunds, and retroactive adjustments promptly to ensure accurate balances
• Review accounts receivable on a regular basis to ensure timely collection
• Monitor aged receivables and identify overdue or disputed balances
• Follow up with brokers, clients, TPAs, and carriers regarding unpaid or partially paid premiums or fees
• Research and resolve unapplied cash, short payments, and billing discrepancies
• Document collection efforts and maintain clear audit trails for AR activity
• Escalate uncollectible or high-risk balances in accordance with company policy
• Perform monthly reconciliations of premium receivable and payable accounts
• Ensure payments are applied accurately and promptly to the correct policy and coverage period
• Investigate and resolve premium discrepancies with carriers, brokers, and internal teams
• Ensure premium postings comply with contractual terms and accounting standards
• Support month-end and year-end close activities
• Prepare premium reports for management, underwriting, and client service teams
• Track earned vs. unearned premium balances and assist with accruals as necessary
• Provide audit support, including documentation of premium postings and reconciliations
• Coordinate with policy administration, underwriting, and client services to resolve posting issues
• Identify opportunities to improve timeliness, accuracy, and efficiency of cash receipt posting and AR process and assist with updating procedures and internal documentation
• Support system implementations or enhancements related to premium and program management fee accounting

Benefits

• Benefits: 100% (for employee only) paid for medical and dental insurance
• Retirement: 401k with 4% company match
• Time Off: 4 weeks of PTO with 9 paid holidays + 1 floating holiday
• Career Growth: Opportunities for professional development and advancement
• Supportive Work Environment: Join a team that values collaboration, efficiency, and innovation
• Hybrid flexibility after initial training period out of our Beverly, MA office

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 1-10 employees