Staff Accountant

Overview

Work with CM Group management and others in the Accounting and Finance Department to prepare company financial statements and reports in any one or more of the following areas: tax, regulatory compliance, treasury, investments, expense analysis/budgeting, or other operational accounting areas.

Responsibilities

 Tax• Prepare premium tax returns and make annual and installment payments.• Prepare corporate income tax returns for select states.• Prepare municipal tax filings on a quarterly/annual basis.• Prepare federal 1099 filings.• Regulatory Compliance• Prepare data request calls for insurance departments, statistical services, rating bureaus, residual market pools, etc.• Pay surcharges and recoupments and reconcile the associated general ledger accounts.• Prepare annual regulatory filings to the state insurance departments.• Assist with preparation of schedules, as needed, for statutory annual statement.

Operational• Prepare and maintain company equipment records and prepare equipment depreciation reports using FAS software.• Prepare journal vouchers as assigned.• Perform account reconciliations as assigned.• Assist in transactions involving assumed/ceded reinsurance.• Assist in preparation of monthly/quarterly/annual financial statements.

Investment• Enter investment transactions into investment software.• Interface investment schedules into statutory annual statement.• Assist in reconciliation of investment activity.

Treasury• Reconcile and monitor bank account activity.• Perform daily pay process for direct payments from bank accounts.• Assist unclaimed property process and reconciliation.• Expense Analysis and Budgeting• Participate in coordinating the budgeting, forecasting, and variance analysis processes.• Review monthly actual results versus budgets and forecasts and perform expense analysis to identify potential trends or irregular spending. • Provide business unit and financial management with actual-to-plan variance analysis and work with business units to identify causes and proposed resolutions of variances. • Identify and communicate risks and opportunities associated with the results of expense analysis. • Miscellaneous• Document procedures, as necessary, for the accounting procedure manual.• Assist with departmental projects.

Qualifications

• Bachelor's degree in accounting is required.• Ability to sit for CPA exam is required.• Prior statutory accounting experience preferred.• Ability to prioritize work to meet deadlines.• Analytical thinking skills.• Ability to communicate effectively at all levels, both internal and external.• Sound judgment and effective decision making skills.