Investment Accounting Analyst

2 weeks ago


Raleigh, North Carolina, United States Curi Full time

Senior Accounting Specialist

Hybrid work model preferred

About Curi

Curi is a comprehensive advisory firm dedicated to supporting physicians and medical practices. We pride ourselves on being strong advocates for physicians, astute business professionals, and reliable partners. Our diverse offerings in advisory services, capital solutions, and insurance are designed to provide valuable insights tailored to our clients' needs, ensuring outcomes that are both effective and trusted in the realms of medicine, business, and life.

Position Overview

We are seeking a meticulous and motivated individual to join our Finance team as a Senior Accounting Specialist. Reporting directly to the Controller, you will play a crucial role in managing the Company's investment accounting operations. Your responsibilities will include assisting in the preparation of financial reports in accordance with GAAP and statutory requirements, as well as facilitating audits conducted by external financial examiners. You will also engage in loss and premium analysis, month-end closing processes, reinsurance reporting, and tax accounting.

Key Responsibilities

Investment Accounting

  • Prepare and reconcile monthly investment reports, analyses, and journal entries.
  • Coordinate the investment accounting process with external investment accounting firms and investment managers.

General Accounting

  • Complete monthly journal entries, reconciliations, and reports related to premiums and losses.
  • Prepare monthly premium tax journal entries and manage the preparation of premium tax returns and estimated quarterly payments to state insurance departments.
  • Handle monthly reinsurance premium and loss journal entries and reports.
  • Reconcile monthly agent commission reports and assist in the preparation of federal and state income tax returns.
  • Track and maintain the deductible recovery report, collaborating with the Claims team on outstanding deductibles.
  • Generate reports from third-party administrator claims and invoices, ensuring proper review and distribution to policyholders.
  • Support the development of budgets for direct expenses, rent, and depreciation, along with other financial items as necessary.

Financial Reporting

  • Assist in ensuring compliance with statutory financial reporting requirements set by the NAIC, A.M. Best, and various state insurance departments.
  • Support audits conducted by external financial examiners.
  • Prepare lead schedules and assist in the creation of GAAP and STAT workpapers and audit reports.

Financial Analysis

  • Prepare monthly reports analyzing premiums and losses, providing explanations for significant variances to management.
  • Maintain and track policy retention and new business reports.
  • Ensure data integrity across existing reports and collaborate with the IT department to develop new reporting tools as needed.

Required Qualifications

  • Bachelor's degree in accounting or finance is mandatory.
  • A minimum of 1 year of experience in accounting and financial reporting, preferably within the property and casualty insurance sector.
  • Experience with insurance accounting software and statutory reporting is highly desirable.
  • Proficient in Excel with a working knowledge of Word.

Desired Skills

  • Ability to thrive in a fast-paced, deadline-driven environment.
  • Exceptional attention to detail.
  • Capacity to understand client/server-based core operating systems quickly.
  • Strong problem-solving and analytical skills.

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