Staff Accountant- Entry Level

1 week ago


Rolling Meadows, Illinois, United States Associated Insurance And Risk Management Full time
Benefits:
  • 401(k)
  • 401(k) matching
  • Dental insurance
  • Health insurance
  • Opportunity for advancement
  • Paid time off
  • Parental leave
  • Profit sharing
  • Training & development
  • Vision insurance
  • Wellness resources
Associated Agencies is seeking a detail-oriented and proactive individual to join our team as a Staff Accountant / Account Specialist. In this role, you will play a crucial part in managing both accounts receivable and payable processes, ensuring accuracy and timeliness in financial transactions.

Responsibilities:

Accounts Receivable:
  • Conduct collections activities, including reviewing the Aged Receivable report weekly, and communicating outstanding client balances to Producers/account managers, followed by diligent follow-ups with clients.
  • Apply client payments to their respective accounts accurately.
  • Prepare and distribute monthly reports of client balances to Producers, and send monthly account statements to designated clients.
  • Reconcile A/R sub-ledger to A/R general ledger accounts.
Premium Finance Contracts:
  • Support Account Managers in managing premium finance contracts.
  • Monitor and apply ACH payments from finance companies to client accounts.
  • Complete necessary activities and ensure all documentation is scanned and filed appropriately.
  • Generate and distribute reports from IPFS to relevant parties.
Accounts Payable:
  • Investigate and resolve discrepancies between EPIC billings and Carrier's billings.
  • Process payments to carriers or brokers on a daily and monthly basis.
  • Issue client refunds as needed.
  • Collaborate closely with the A/R Manager on past due carrier statements to ensure timely collection and payment to carriers.
  • Reconcile A/P sub-ledger to A/P general ledger accounts monthly.
Surplus Lines, Stamping Fee & Fire Marshall Taxes:
  • Record surplus lines with the appropriate state authorities (e.g., IL, CO, CA, GA).
  • Reconcile and remit payments for the state's monthly, quarterly, semi-annual statements related to surplus lines, stamping fee, and fire Marshall taxes.
Additional Responsibilities:
  • Assist in reviewing and improving efficiencies within our accounting processes.
  • Analyze monthly financials and contribute to month-end close activities, including journal entry creation and processing.
  • Handle general accounting tasks, including processing Direct Bill transactions and working on statutory accounting.
  • Undertake miscellaneous projects as assigned.
Qualifications:
  • Bachelor's degree in Accounting, Finance, or related field (preferred)
  • Previous experience in accounting, preferably in a brokerage or similar financial services environment.
  • Strong proficiency in MS Office suite, particularly Excel.
  • Familiarity with accounting software (e.g., EPIC) is a plus.
  • Excellent analytical and problem-solving skills.
  • Ability to work independently and collaboratively in a fast-paced environment.
Associated is one of the top privately-held insurance and risk management firms in the country. We assist businesses and individuals with their insurance needs, including property, casualty, and employee benefits, and more. Founded in 1890, our longevity in the industry provides unparalleled expertise and longstanding relationships with leading insurance carriers.

Our proven track record empowers us to anticipate insurance or risk management needs and create innovative and productive solutions, ultimately driving down costs for our clients over time.

We serve nearly 15,000 clients nationwide, small and large, for-profit and non-profit, with needs ranging from basic insurance to complex programs.
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