What are the responsibilities and job description for the Staff Accountant position at The Savings Bank Mutual Life Insurance Company of Massachusetts?
SBLI's Staff Accountant will manage all aspects of accounting and reporting for our subsidiary – LegacyShield Solutions LLC, as well as several areas related to the parent entity, SBLI. Including but not limited to processes related to revenue recognition, accounts payable, account reconciliations, and expense analysis. Performs a variety of duties to process accounts payable, reconcile cash and other accounts, provide vendor level detail expense analysis, record various monthly entries to the GL and complete account analysis as required. Must effectively communicate in a timely manner with team members and outside contractors. This position will be involved in the financial audit process for LegacyShield as well as year-end planning.
This position will also be responsible for the entire claims reinsurance process. This will involve record-keeping for reinsurance recoverables by sending out recoverable requests, logging recoverable payments, booking several claims journal entries, and corresponding with the Reinsurers as well as other departments within the company.
This position will also contribute to the accounting process for SBLI and other subsidiaries to ensure the General Ledger and related financial results are accurate and produced on a timely basis.
Responsibilities include:
- Processes journal entries related to vendor payments to the GL
- Analyzes expense requests by vendor and account to determine validity and appropriateness to support corporate expense management
- Review and track revenue receipts as well as manage deferred revenue schedules
- Manage expense processing, including prepaid expenses
- Prepare account reconciliations as needed.
- Prepares documentation and backup for annual external auditors
- Prepare journal entries as needed
- Participates in monthly, quarterly and annual reporting process.
- Responsible for the monthly claims process.
- Responsible for putting together budget for LegacyShield
- Responsible meeting deadlines and leading monthly calls with the Team to discuss financial results for LegacyShield
- Performs additional duties as requested
- Provide backup to other members of the Finance team.
Experience Requirement:
- H.S. or equivalent plus college and/or industry classes.
- Experience in general accounting knowledge.
- Knowledge of Microsoft Excel required.
- Experience with Oracle Fusion, Stripe, Hubspot, or Xero a plus.
- Ability to work hybrid office schedule - three days in office including mandatory Wednesdays
Salary : $26 - $28