EmPRO Insurance

Compensation

Full Description

• *This is an on-site position located in Roslyn, NY** Position Summary: We are seeking a motivated and detail-oriented Financial Reporting Accountant to join our Finance team, with a specialized focus on loss and claims accounting. This individual will play a key role in the accurate recording, reconciliation, and reporting of insurance liabilities including paid losses, case reserves, and IBNR/bulk reserves on a direct, ceded, and assumed basis. This role will work cross-functionally with Claims and Actuarial departments to ensure timely and accurate financial insight and support. The ideal candidate brings a strong foundation in accounting or audit, a keen analytical mindset, and a desire to develop into a subject matter expert in insurance financials. Prior insurance experience is preferred but not required. Essential Duties & Responsibilities: • Prepare and record journal entries related to loss activity (paid, case, and IBNR) across direct, ceded, and assumed lines of business. • Assist with the development and maintenance of internal schedules for loss triangles, development analyses, and statutory reporting requirements. • Support the monthly and quarterly close process by reconciling loss-related general ledger accounts and preparing supporting schedules. • Help support internal and external audit processes related to loss accounting, including providing backup and walk-throughs. • Partner with the Claims and Finance Operations to track, validate, and reconcile paid losses and reserve activity. • Collaborate with the Actuarial team on quarterly reserve analysis and ensure consistency across departments. • Contribute to the preparation of financial statement footnotes and regulatory filings (e.g., Schedule P, Part 1-4) as needed. • Support process improvement initiatives to enhance reporting accuracy, workflow automation, and cross-functional collaboration. • Play a pivotal role in the preparation of the company’s quarterly and annual statements including all required disclosures, supporting schedules, and internal communication packages. • Actively involved with audit preparations and building out processes, procedures, and controls to ensure compliance with appropriate statutory accounting principles and regulatory requirements. • Collaborate with IT Department to streamline and automate processes when possible. • Perform additional tasks as assigned by management. Education & Qualifications: • Bachelor’s degree in accounting or related field required. • Certified Public Accountant (CPA) designation or MBA is a plus. • 2–5 years of experience in public accounting or corporate accounting; insurance industry experience is a plus. • Strong understanding of US GAAP; familiarity with statutory accounting principles is an advantage. • Experience with general ledger, journal entry preparation, monthly, quarterly, and annual close processes. • Demonstrated ability to work with large data sets and perform reconciliations with accuracy and clarity. • Excellent oral, communication, and time management skills. • Demonstrate analytical, problem solving, and critical thinking capabilities. • Strong skills in Microsoft Suite, especially Excel. • Experience with Sage Intacct is preferred. The actual compensation for this position will be determined by experience and other factors permitted by law.