777 PARTNERS Statutory Ledger Accountant Salary in the United States

JOB SUMMARY:

Position will have responsibility for maintaining account ledgers for Sutton’s property and casualty insurance subsidiaries, as well as to assist in the ledger preparation for Sutton’s holding companies.  As insurance financial reporting is highly regulated, knowledge of statutory insurance reporting requirements will be critical.

DUTIES AND RESPONSIBILITIES

• Ledger entries and account reconciliations..
• Filing (upon approval) of all statutorily required financial filings.
• Prepare and keep bank accounts reconciled.
• Coordinate with reinsurance accountant premium and loss information on a monthly basis and record these items monthly.
• Maintain statutory expense details, and develop methodologies for preparing acquisition cost deferrals.
• Research disputed account balances and work closely with customers and internal team to resolve un-reconciled matters.
• Track premiums receivable by Program manager.
• Coordinate the investment accounting detail with external portfolio manager on a monthly basis, and determine that the investment assets are reconciled by the portfolio managers.
• Participate in internal and external audits.
• Support month end closing processes.
• Other duties as assigned.

SKILLS / KNOWLEDGE / ABILITIES

• Proficient in Microsoft Office Suite
• Proven organizational and timekeeping skills and a strong sense of attention to detail are essential
• Excellent verbal and written communication skills
• Mathematical and Analytical Skills - ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.
• The ability to deal effectively and courteously with clients and colleagues, and to exercise discretion and confidentiality in all matters.

EDUCATION AND EXPERIENCE

• Bachelor of Arts or Bachelor of Science (4-year college) in Finance or Accounting or Economics
• 5+ years of reinsurance/insurance experience required – specifically with 3+ years of accounting in the insurance/reinsurance industry.
• Insurance accounting experience STRONGLY preferred
• Knowledge of SAP ledger system also a STRONG plus

CERTIFICATIONS AND LICENSES

• no minimum requirements

PHYSICAL DEMANDS AND WORK ENVIRONMENT

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit and use hands to finger, handle, or feel objects, tools, or controls.  The employee frequently is required to talk and hear.  The employee is occasionally required to stand; walk; reach with hands and arms.  The employee is rarely required to stoop, kneel, crouch, or crawl. 

The employee must regularly lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, and the ability to adjust focus. The noise level in the work environment is usually moderate.

EEOC

777 Partners is an Equal Opportunity Employer. All aspects of consideration for employment and employment with the Company are governed on the bases of merit, competence and qualifications without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, or any other category protected by federal, state, or local law.