What are the responsibilities and job description for the Senior Risk Accountant position at MSI Company?
SCOPE & IMPACT
Our Senior Risk Accountant is responsible for managing accounting activities related to the company’s insurance programs, ensuring accuracy, compliance and timely reporting. This role supports risk management initiatives and contributes to financial integrity across construction projects.
ESSENTIAL JOB DUTIES AND RESPONSIBILITIES
- Prepare and update Excel schedules on a monthly basis for the company’s insurance programs
- Prepare monthly journal entries for posting to the general ledger based on the above schedules
- Generate and submit monthly/quarterly reports, invoices and related documentation to insurance providers
- Review and process insurance related invoices for payment
- Prepare quarterly forecasts of contractual items
- Reconcile intercompany transactions and review monthly financial statements for the third-party captive insurance company
- Maintain strong line of communication with the administrator for the captive insurance company to assist as needed and resolve issues promptly
- Prepare schedules and reconciliations needed for annual external audit
- Supervise and mentor the risk accountant, ensuring accuracy of work and adherence of deadlines
- Perform other duties as assigned
EDUCATION AND WORK EXPERIENCE
- Bachelor’s degree in accounting
- 5-7 years of financial accounting experience
- Proficiency in Microsoft Excel (intermediate required; advanced skills such as macros preferred)
- Experience in the construction industry strongly preferred
- Familiarity with insurance programs common to the construction industry strongly preferred (e.g., Subcontractor Default Insurance, Contractor Controlled Insurance Program, payment and performance bonds and general liability insurance)
- Familiarity with captive insurance companies preferred
- Ability to interpret complex data and identify trends for informed decision-making
- Skilled in resolving discrepancies and addressing accounting challenges effectively
- Clear and professional verbal and written communication with internal teams and external partners
- Strong organizational skills to manage multiple priorities and meet tight deadlines
- Works well with cross-functional teams, including risk management and project management
- Maintains high ethical standards and safeguards sensitive financial information