What are the responsibilities and job description for the Accounting/Purchasing position at Fred Loya Insurance Agency?
Brief Description
Financial Management & Reporting
Qualifications/Requirements
Knowledge & Skills
Education & Experience
Work Environment & Expectations
Financial Management & Reporting
- Oversee the preparation of monthly, quarterly, and annual financial statements
- Ensure accurate accounting for premiums, claims, reserves, and reinsurance activities
- Manage the general ledger, journal entries, and account reconciliations
- Lead the month-end and year-end close processes
- Ensure compliance with state insurance regulations and statutory accounting principles (SAP)
- Coordinate and prepare statutory filings and reports
- Support internal and external audits, including regulatory examinations
- Maintain and strengthen internal controls in accordance with company policies
- Supervise accounts payable, accounts receivable, payroll, and treasury functions
- Oversee claims accounting and loss reserve reporting
- Monitor cash flow, investments, and financial risk
- Lead, mentor, and develop the accounting team
- Establish performance goals and provide ongoing coaching
- Promote a culture of accountability, accuracy, and continuous improvement
- Partner with executive leadership to support budgeting and forecasting processes
- Provide financial insights and analysis to support business decisions
- Identify opportunities for cost savings and operational efficiencies
Qualifications/Requirements
Knowledge & Skills
- Strong knowledge of GAAP and Statutory Accounting Principles (SAP)
- Understanding of insurance operations, including claims and underwriting
- Experience with financial systems and ERP platforms
- Advanced proficiency in Microsoft Excel
- Strong analytical, organizational, and problem-solving skills
- Excellent communication and leadership abilities
- Experience with regulatory filings such as NAIC statements
- Familiarity with reinsurance accounting
- Experience in a multi-state insurance environment
Education & Experience
- Bachelor’s degree in Accounting, Finance, or related field (required)
- CPA (Certified Public Accountant) designation (preferred)
- 7 years of progressive accounting experience, with at least 3 years in a leadership role
- Experience in the insurance industry, preferably auto insurance
Work Environment & Expectations
- Office-based
- Ability to manage multiple priorities and meet strict deadlines
- High level of integrity and attention to detail