Insurance Accounting

4 weeks ago


New York, United States Launch Underwriters Full time

Overview

Launch Underwriters is in search of a detail-oriented and dynamic Finance & Operations Analyst to join our team. This role primarily involves supporting finance and accounting functions, with additional responsibilities for operational assistance to ensure platform efficiency. This position presents an exciting chance to contribute to the financial success of our insurance programs while gaining valuable industry experience.


Responsibilities

Financial Management:

  • Generate and maintain financial reports such as income statements, balance sheets, and cash flow statements.
  • Prepare supporting documentation for financial audits and conduct regular audits for accuracy and compliance.
  • Manage budgets and expense reports.

Data Entry and Reporting:

  • Record financial transactions and journal entries in the general ledger.
  • Execute month-end close processes, ad-hoc reporting, and variance analysis.
  • Distribute regular financial reports to stakeholders and maintain organized financial records.

Accounts Receivable / Accounts Payable / Billing:

  • Coordinate billing processes including invoices, payments, and receipts.
  • Collaborate with underwriting and policy issuance teams for accurate premium calculations.
  • Resolve billing discrepancies and monitor accounts receivable and payable.

Operational Support:

  • Provide cross-functional support to finance, compliance, and operations teams.
  • Coordinate with licensing and compliance vendors and assist with licensing processes.
  • Prepare documentation for audits and regulatory inspections.
  • Assist with operational procedures implementation and maintenance.
  • Support teams with special projects as needed.

Other:

  • Identify opportunities for process improvement and participate in special projects.
  • Provide general accounting support upon request.


Requirements

• Bachelor's degree in Finance, Accounting, Business Administration, or related field.

  • 2+ years of proven experience in finance, accounting, or a related role, preferably within the insurance industry.
  • Familiarity with insurance industry practices, terminology, and insurance premium/commission transactions accounting is advantageous.
  • Proficiency in financial software, Concur, and MS Office Suite, particularly Excel.
  • Strong attention to detail and accuracy in data entry and financial reporting.
  • Effective task prioritization and time management skills.
  • Excellent communication and interpersonal abilities.
  • Resourceful, with a willingness to learn and develop professionally.
  • Open to feedback and receptive to coaching.




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