JOB TITLE: Insurance Accounting Manager

EMPLOYER: A-CAP Services LLC

DEPARTMENT: Accounting

REPORTS TO: Director of Executive Accounting

LOCATION: Onsite in Miami, FL (Brickell area)

ABOUT THE COMPANY

A-CAP is a rapidly growing organization that owns and operates multiple insurance companies and ancillary insurance businesses and has over $10 billion of total invested assets. This opening is with the holding company, which primarily performs asset management, actuarial, accounting, and other oversight functions on behalf of A-CAP’s insurers and third-party clients. This group also provides strategic and operational support to A-CAP’s portfolio companies/subsidiaries, proactively formulates new investment strategies, oversees external financing and acquisition activities, and provides modeling support for insurer liabilities and capital. On the insurance product side, A-CAP’s primary lines of business are traditional fixed and equity-indexed annuities, with additional business in whole life insurance, Medicare supplement, and hospital indemnity products. A-CAP insurers originate over $2 billion of new premium annually.

ABOUT THE ROLEWe are seeking a reliable and detail-oriented Insurance Accounting Manager to manage the company’s insurance accounting activities, support the preparation of financial statements that adhere to regulatory and accounting guidelines. The Insurance Accounting Manager plays a crucial role in identifying and rectifying discrepancies while assisting in the establishment of effective control systems. Reporting to the Executive Director of Accounting, the Insurance Accounting Manager will ensure the company’s accounting and financial processes meet established standards, promoting accurate financial reporting and effective control.WHAT YOU WILL DO:

• Manages all insurance accounting functions including but not limited to accounts receivable and accounts payable.
• Reviews, evaluates, and implements accounting systems, policies, and procedures.
• Ensure all financial reports are prepared in a timely and accurate manner.
• Prepares financial statements and related reports including but not limited to balance sheets, income statements, cash-flow reports, budgets, and variance analysis.
• Supervises monthly balancing of books and monthly account reviews; prepares and presents monthly financial statements.
• Coordinates annual independent audit and preparation of annual tax documents.
• Provides management with timely review of the organization’s financial status and progress.
• Ensures compliance with statutory premium and property tax reporting.
• Oversees accounts payable function including but not limited to compliance with expense reporting, and capitalization policy.
• Help in the development of reports for management or regulatory bodies.
• Assists with company strategic planning.
• Assists with special projects as required.
• Performs other related duties as assigned by management.

• Directly supervises 5 employees within the Insurance Accounting department.
• Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws.
• Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.

• Bachelor’s degree (B.A.) or equivalent.
• Four to six years related experience and/or training in Life Insurance Statutory Accounting.
• Solid knowledge of GAAP (Generally Accepted Accounting Principles) and regulations.
• Working knowledge of forecasting and financial reports.
• Demonstrated ability to interpret economic conditions and anticipate the impact on the organization.
• Basic competence in duties and tasks of supervised employees.
• Working knowledge of data collection, data analysis, evaluation, and scientific method.
• Ability to work with all levels of management.
• Strong organizational, problem-solving, and analytical skills; able to manage priorities and workflow.
• Versatility, flexibility, and a willingness to work within constantly changing priorities with enthusiasm.
• Proven leadership and business acumen skills
• Demonstrated ability to supervise and motivate subordinates.
• Commitment to excellence and high standards.
• Excellent written and verbal communication skills.
• Proficient in Microsoft Suite.

BENEFITS:

A-CAP works hard to create a positive and supportive environment. That's why we offer great benefits to safeguard the health and well-being of our employees. Our comprehensive benefits package includes:

• Competitive salary/base pay
• Employer-sponsored medical, dental, and vision insurance
• Paid Life & AD&D Insurance (for employees and families)
• Paid Disability Insurance (STD LTD)
• Paid Parental Leave
• Paid Vacation and Sick Leave
• Paid Holidays (15 in 2024)
• Voluntary Supplemental Insurance policies
• 401(k) plan with employer match
• And other benefits and perks!

US work authorization is required.

Who We Are: http://www.acap.com/

POSITION TYPE AND EXPECTED HOURS OF WORK

This is a full-time position. Days and hours of work are Monday through Friday, 9:00 a.m. to 6:00 p.m., 40 hours weekly, or as otherwise arranged with the manager of the department.

EEO Statement

A-CAP is an Equal Opportunity Employer and does not discriminate in recruiting, hiring, promotion or any other personnel action based on the basis of race, ethnicity, national origin, color, sex, gender, gender identity or expression, sexual orientation, religion, age, disability, veteran status, or any other basis covered by appropriate law. We comply with the laws and regulations set forth in the Know Your Rights poster. All employment is decided on the basis of qualifications, merit, and business need. To request an accommodation, contact hr@acap.com and we will make every effort to respond to your request within 48 business hours and do everything we can to work towards a solution.

Disclaimer:

The above is intended to describe the general content of and requirements for the performance of this job. It should not be construed as an exhaustive statement of duties, responsibilities, or physical requirements. Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.