Do the sports and entertainment industries pique your interest?
Any additional information you require for this job can be found in the below text Make sure to read thoroughly, then apply.
Can you picture yourself joining a market leader in providing specialized disability and event cancellation insurance products to those industries?
If you answered yes to the above questions, then this role is for you. Do not delay, apply today!
As a Staff Accountant at Tokio Marine HCC – Specialty Group, you will have a direct impact on the accuracy and execution of many accounting activities that make up our wide array of specialty insurance operations. This position is based in our Wakefield, MA headquarters location. In this role, you will work across multiple departments beyond accounting, including underwriting and claims. This position will focus on reinsurance accounting.
Tokio Marine HCC is a leading specialty insurance group with offices in the United States, the United Kingdom, Europe, Ireland, and other exciting locations. With the strength and stability that comes from being a member of the Tokio Marine Group, and fifty years of growth, profitability, and stability, we offer important insurance products that most people do not even know exist. Every policy we write is special, enabling our clients to do amazing things. From insuring the crops that feed us to the rock concerts that entertain us, to rescuing international travelers in trouble, we offer more than 100 classes of specialty insurance. Applying our Mind Over Risk philosophy to writing insurance allows our customers to take on opportunity with confidence. That philosophy defines our way of thinking, unites us as a team, and differentiates us from our competitors. We are much more than just an insurance company; we are a good company.
Performance Objectives:
Within the first 30 days, become familiar with the Specialty Group business (what we do), programs we use (PeopleSoft, RSC, AS400), and the daily operations of the Company as they relate to reinsurance accounting and reporting.
Within the first 60 days, become adept at using our accounting and reinsurance systems for tasks assigned by the Reinsurance Accounting Manager. Learn to facilitate and report reinsurance settlements for both premiums and claims. Respond to inquiries from reinsurers/brokers concerning settlements, claims, and collections and coordinate responses from the various departments. Understand how to review balance sheet accounts in preparation for month-end close.
Within the first 90 days, assist in the month-end closing of business lines within both the reinsurance and the general ledger systems. Set up reinsurance contracts in the reinsurance system. Analyze accounting information to prepare and post entries to general ledger accounts and to document business transactions as it relates to reinsurance activities.
Ongoing, prepare general ledger account reconciliations related to reinsurance activity. Interact with internal and external auditors, as necessary for reinsurance matters. Proactively detect, research, and resolve reconciliation items as they relate to reinsurer balances. Prepare various ad hoc reports using advanced Excel skills.
Your Skills and Experience:
As the ideal candidate, you would bring up to 3 years of relevant and progressive accounting experience. If you have experience in an accounting or finance internship, please apply. In addition, we would like to see:
Bachelor’s degree in accounting, Finance, a related field, or the equivalent education and/or experience
PeopleSoft and RSC experience a plus
Solid understanding of reinsurance principles and the accounting relationship, preferred
Understanding of the general applications of the reinsurance system and accounting systems, preferred
Excellent written and verbal communications skills with an emphasis on confidentiality, tact, and diplomacy
Exceptional organizational and analytical skills; demonstrated ability to manage multiple tasks simultaneously
Intermediate proficiency and experience using Microsoft 365 (Excel, Word, PowerPoint)
What we offer:
Just as Tokio Marine HCC Group of Companies is customer centric, we are also employee centric offering our employees a competitive salary and employee benefit package, strong learning culture, collaboration, 401K match, paid parental leave, hybrid work schedule*, travel opportunities and an opportunity to love what you do. The Tokio Marine Group of Companies is an equal-opportunity employer. Our office is conveniently located just north of Boston, MA on a scenic campus with an onsite cafeteria, gym, walking trails and close proximity to MarketStreet Lynnfield. Please visit www.tmhcc.com for more information about our companies.
*Our hybrid work schedule – is 4 days in the office and 1 day WFH, if desired, upon successful completion of a training period. Please consider this requirement before applying.
If your experience matches these requirements, please apply WITH A COVER LETTER.
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