Insurance Accountant at Global Aerospace
Morris Plains, NJ 07950, USA -
Full Time


Start Date

Immediate

Expiry Date

27 Nov, 25

Salary

85000.0

Posted On

27 Aug, 25

Experience

0 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

No

Skills

Management Review, Powerpoint, Financial Systems, Data Analysis, Microsoft Excel, Deliverables, Financial Reporting, Excel, Lookups, Data Analytics, Computer Skills, Budgeting, Communication Skills

Industry

Insurance

Description

Global is one of the most respected names in aviation and aerospace insurance. We offer many types of coverage like General Aviation, Aerospace Manufacturers, Unmanned Aircraft Systems, Space & Satellite, and much more. This hybrid role is located in Morris Plains, NJ and provides an opportunity to contribute immediately to our Finance team! A candidate must have a Bachelor’s degree, with advanced skills in Microsoft Excel and strong communication skills (communicating with different departments). Our state-of-the-art office has a gym, cafeteria, and recreational activities (basketball and pickleball) in addition to offering a strong benefits package!

This role isresponsible for the preparation, reporting, and analysis of Global Aerospace’s insurance pools results. The candidate will be responsible for Monthly and Quarterly Member Company Reporting, including Insurance Pool Underwriting Financial results, underwriting statistics on a Monthly and Quarterly basis, conducting analysis and reconciliations, required to prepare and analyze data produced from our insurance systems, and respond to management and member company queries. Further duties & responsibilities are listed below:

  • Assist with quarterly close processes including preparation, review and distribution of Member Company reports and Quarterly Financial Statement
  • Journal entry processing of insurance and investment transactions.
  • Complete various monthly/quarterly account reconciliations.
  • Analyse, research and provide data and commentary supporting insurance results with a focus on significant variances or changes for the quarter/year-to-date results.
  • Prepare Quarterly supplemental schedules for management and member companies.
  • Process monthly/quarterly premium tax and surcharge payments to various entities.
  • Handle correspondence and special requests from Member Companies. Resolve all issues in a timely fashion.
  • Gain working knowledge of Global’s databases, policy issuance, claims and document management systems.
  • Assist with various audits
  • Identify opportunities for process improvements and work with Finance, IT and Operations to implement changes. Leverage technology to improve and streamline operations and current processes.

EDUCATION - EXPERIENCE:

  • Bachelor’s degree in Accounting or related field
  • Understanding and familiarity with US general accounting principles (GAAP) and statutory principles.
  • Experience with Microsoft Office Suite, including Excel, Word, and PowerPoint.

REQUIRED SKILLS:

  • Proficiency with Microsoft Excel with the ability to use advanced excel functions (Pivots, lookups, sumifs etc.).
  • Ability to organize and analyze large volumes of data, perform data analysis, reconciliations, and summarize for management review.
  • Demonstrated strong technical computer skills. Must be able to extract and analyze information from Global’s financial systems and underwriting environment.
  • Flexibility to accommodate deadlines related to month-end close, budgeting, and financial reporting.
  • Ability to work both independently and as part of a team, collaborate across departments and multitask.
  • Strong written and verbal communication skills along with analytical and organizational skills
  • Must demonstrate an orientation to results, ownership and accountability of tasks and deliverables.
  • Remain current with technological changes and advances.

PREFERRED SKILLS:

  • Relevant and progressive P & C insurance experience in a financial reporting or accounting role.
  • Understanding of Insurance terms and Insurance accounting concepts
  • CPA designation
  • Experience with data analytics and relevant software
Responsibilities

ANTICIPATED PAY RANGE FOR THIS ROLE IS:

$65,000 - $85,000
This pay range represents the base annual full-time salary for this position. Individual compensation packages are based on various factors unique to each candidate including but not limited to relevant experience, education, geography and skill set. All full-time positions are eligible to participate in Global’s profit-sharing plan program in addition to the base pay range listed above.

This role isresponsible for the preparation, reporting, and analysis of Global Aerospace’s insurance pools results. The candidate will be responsible for Monthly and Quarterly Member Company Reporting, including Insurance Pool Underwriting Financial results, underwriting statistics on a Monthly and Quarterly basis, conducting analysis and reconciliations, required to prepare and analyze data produced from our insurance systems, and respond to management and member company queries. Further duties & responsibilities are listed below:

  • Assist with quarterly close processes including preparation, review and distribution of Member Company reports and Quarterly Financial Statement
  • Journal entry processing of insurance and investment transactions.
  • Complete various monthly/quarterly account reconciliations.
  • Analyse, research and provide data and commentary supporting insurance results with a focus on significant variances or changes for the quarter/year-to-date results.
  • Prepare Quarterly supplemental schedules for management and member companies.
  • Process monthly/quarterly premium tax and surcharge payments to various entities.
  • Handle correspondence and special requests from Member Companies. Resolve all issues in a timely fashion.
  • Gain working knowledge of Global’s databases, policy issuance, claims and document management systems.
  • Assist with various audits
  • Identify opportunities for process improvements and work with Finance, IT and Operations to implement changes. Leverage technology to improve and streamline operations and current processes
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