Accountant I or II

Pharmacists Mutual Insurance Company
Algona, IA Other
POSTED ON 6/5/2024 CLOSED ON 8/16/2024

What are the responsibilities and job description for the Accountant I or II position at Pharmacists Mutual Insurance Company?

Pharmacists Mutual Insurance has an opening for an Accountant I or II. This role will perform routine accounting functions along with financial and tax reporting duties within the finance department.

Accountant I

  • Performs accounting functions in the areas of investment transaction processing, bank reconciliation, account balancing, general journal entry, subsidiary financial statement preparation, regulatory and management reporting, investment accounting and reporting, and state and municipal premium tax return preparation.

Accountant II

  • Responsible for accounting functions in the areas of account balancing and reconciliation, investment accounting and reporting, parent and subsidiary financial statement preparation, quarterly and annual statement preparation, regulatory and management reporting, and premium tax and federal/state income tax return preparation.

Essential Functions

Essential functions may include, but are not limited to the following:

  • Processes investment receipts, purchases and sales.
  • Reconciles bank statements to general ledger.
  • Records monthly general ledger entries and correcting/adjusting entries as required.
  • Prepares monthly financial statements.
  • Prepares quarterly and annual statement reports for regulators.
  • Completes and files regulatory and management reports as requested.
  • Provides requested documentation to actuaries and auditors.
  • Completes and files state and municipal premium tax returns as required.
  • Completes and files federal and state income tax returns as required.

Knowledge, Skills And Abilities

  • Thorough knowledge of general accounting principles and practices and knowledge of Statutory Accounting Principles.
  • Knowledge of processes and procedures related to accounts receivable, accounts payable, general ledger and financial reporting.
  • Knowledge of accounting rules and regulations and the policies and procedures of the finance department.
  • Reviews financial documents for completeness and accuracy.
  • Performs detail work requiring a high degree of accuracy.
  • Makes computations and prepares data summaries.
  • Analyzes issues from the perspective of the accounting profession.
  • Analyzes complex issues and makes critical decisions.
  • Interprets, applies and explains applicable laws, codes and regulations.
  • Uses initiative and applies innovative thinking.
  • Ability to organize and prioritize work.
  • Correct English usage, spelling, grammar, vocabulary and punctuation.
  • Establishes and maintains effective working relationships in a team environment through written and oral communication.
  • Works independently to make critical decisions and analyze complex issues.
  • Contributes effectively to the accomplishment of all goals and objectives.
  • Obtains and utilizes sensitive information discreetly and objectively.
  • Maintains records, prepares reports and conducts correspondence related to the work.
  • Skilled in using and maintaining financial software; learns and uses ad hoc reporting systems to query and report on data; and effectively prepares and uses complex Excel spreadsheets.

Experience And Education Qualifications

Accountant I

  • High School Diploma or equivalent and 5 years of related experience; or
  • Associate’s Degree or equivalent and 3 years of related experience; or
  • Bachelor’s Degree

Accountant II

  • High School Diploma or equivalent and 7 years of related experience; or
  • Associate’s Degree or equivalent and 5 years of related experience; or
  • Bachelor’s Degree and 3 years of related experience; or
  • Master’s Degree

Preferred Qualifications

  • Professional accounting designation or high-level insurance designation (CPA, CIA, CMA, CPCU, AIAF or equivalent)
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