Insurance Accountant

Requirements

Our ideal candidate will possess the following skills:

• Bachelor's degree in Accounting, Finance, Business Administration, or related field.
• 1 to 3 years of experience in corporate insurance accounting, risk management, or related field.
• Strong understanding of insurance principles, policies, and regulations.
• Proficiency in insurance accounting principles and practices, including GAAP and statutory accounting standards.
• - Excellent analytical skills and attention to detail, with the ability to analyze complex insurance data and financial information.
• Strong communication and interpersonal skills, with the ability to collaborate effectively with internal and external stakeholders.
• Proficiency in Microsoft Excel, accounting software, and insurance management systems.

External Description

Are you looking for an opportunity to advance your career while working with an extraordinary team? At Merakey, we put heart and soul into everything we do. We are seeking an Insurant Accountant o join our team at our program. This is a remote position.

Earn $60,000 annually

This position plays a key role in coordinating insurance coverage, processing insurance claims, and maintaining accurate financial records related to insurance premiums and liabilities. The Insurance Accountant will also assist in developing best practices and policies managing the company's insurance portfolio and ensuring compliance with insurance policies and regulations.

Insurance Portfolio Management:

• Assist with the renewal of insurance policies for the company suite of insurance coverage, including property, casualty, liability, and other insurance coverages on an annual basis.
• Analyze insurance needs based on company operations, risks, and regulatory requirements, and work with the brokers to determine appropriate insurance coverage options.
• Work with insurance brokers to provide information to negotiate terms and pricing with insurance, carriers, and underwriters to optimize coverage and minimize costs.

Risk Assessment and Analysis:

• Identify potential exposures and vulnerabilities to the company's assets, operations, and liabilities.
• Evaluate insurance policies and coverage terms to ensure alignment with company risk management objectives and contractual obligations.
• Develop and implement risk mitigation strategies to minimize the company's exposure to loss and liability.

Claims Management:

• Oversee the processing of insurance claims
• Review and evaluate insurance claims to determine coverage eligibility, assess liability
• Maintain accurate records of insurance claims, settlements, and related expenses, and provide regular updates to management on claim status and resolution.

Financial Reporting and Analysis:

• Record and reconcile insurance premiums, claims, reserves, and other insurance related transactions in the company's financial records.
• Prepare comprehensive reports and analyses on insurance costs, claim trends, loss ratios, and risk exposures for management review and decision making.
• Assist in budgeting and forecasting insurance expenses and reserves, providing insights and recommendations to optimize insurance coverage and costs.
• Prepare and post monthly insurance allocation of expense to subsidiaries

Compliance and Regulatory Reporting:

• Ensure compliance with insurance regulations, contractual requirements, and financial reporting standards applicable to insurance accounting.
• Stay informed of changes in insurance laws, regulations, and industry best practices, and ensure that policies and procedures are updated accordingly.

Policy Administration and Documentation:

• Maintain accurate and up to date documentation of insurance policies, certificates of insurance, endorsements, and related documents.
• Review insurance policy terms and conditions to ensure accuracy and completeness, and communicate relevant information to internal stakeholders.
• Provide guidance and support to internal departments on insurance related matters, including coverage questions, claims procedures, and risk management strategies.

To fill out an on-line application: www.merakey.org/careers

Requisition number: 94748

Benefits

Merakey offers medical, dental - vision insurance plans, competitive compensation plans and more!

• DailyPay
• Work/Life Balance
• Flexible Schedules
• Cell Phone Discount Plans
• Employee Referral Bonuses
• Tuition Reimbursement
• Care.com Membership

About Merakey

Merakey is a non-profit provider of developmental, behavioral health, and education services. More than 8,000 employees provide support to nearly 40,000 individuals and families throughout 12 states across the country each year. Click here to watch a video about Merakey. Merakey strictly follows a zero-tolerance policy for abuse.

Merakey is proud to be an Equal Opportunity Employer! We deeply value diversity and do not discriminate on the basis of race, religion, color, national origin, ethnic background, sex, gender, gender identity, sexual orientation, age, marital status, veteran status, genetic information, or disability status. Moreover, we are committed to creating teams that reflect the diversity of the communities we serve and encourage applicants from underrepresented backgrounds to apply. Merakey welcomes all Veterans to apply!