Staff Accountant

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Hannover Re Services is currently seeking talented candidates for our open Staff Accountant position. This is a Full-Time role within the Glencar Underwriting Managers department. Please see below for more information regarding the essential functions of this position, required qualifications, and how to apply.

This is a hybrid role, with a minimum of one day required in the Itasca, IL office.

Job Summary:

The staff accountant is responsible for providing financial and administrative services in order to ensure effective, efficient and accurate financial operations. Reporting to the controller, under moderate to minimal supervision the position will establish, maintain and review accounting records including monthly production recording, premium accounts receivable, and potentially other related financial transactions. Prepares and/or keys journal entries into the general ledger system.

Responsible for tracking and resolving outstanding payment issues, generates invoices, statements, and monthly reports in a timely manner. Communicates and coordinates with all levels of the internal organization and external program administrators, TPAs, carriers, reinsurers and outside service providers to reconcile receivables, production data and other accounting issues as necessary. Position requires knowledge of general accounting-principals and proficiency in accounting software and MS Office (notably Excel).

Essential Functions:

• (55%) Perform the day to day processing of financial transactions to ensure that accounting records (including general ledger) are maintained in an effective, up to date and accurate manner:
  Cash Receipt and Reconciliation
  Monitor premium trust bank account and prepare deposits for recording cash in general ledger
  Reconcile monthly account current submissions from program administrators to production reports, receivables, cash and general ledger
  Reconcile daily premium payments from insureds, communicate directly with insureds on payment discrepancies
  Maintain accurate aging reports
  Prepare monthly reports as required
• (15%) Monthly Revenue Reporting
  Review and reconcile program administrator monthly premium production reports
  Communicate with administrators and data team on problem resolution
  Reconcile payment bordereaux and monthly payments to the carriers
  Complete payments and entries in the general ledger
• (10%) Comply with Glencar’s administrative rules and business practices; meet specified performance goals.
• (5%) Effectively and promptly research, track and resolve (or properly refer) accounting or documentation problems and discrepancies to ensure accuracy of general ledger, internal and external reports.
• (5%) Responsible for preparation of journal entries, account reconciliations and other duties as part of the quarterly financial close.
• (5%) Assist in the positive management of relationships with Glencar’s program administrators, general agents, retail agents/brokers, management and staff, carriers, reinsurers, claims TPA’s and any other third-parties supporting Glencar; while appropriately advancing and balancing the interests of all Glencar stakeholders.
• (5%) Assist as needed in the preparation of program administrator and general/retail agent audits.

• Communicates Effectively
• Action Oriented
• Decision Quality

Essential knowledge, skills, and abilities:

• 5+ years of agency or carrier insurance experience required
• Ability to meet deadlines, prioritize…