AIPSO · 3 days ago
General Accountant/Senior Accountant
Johnston, RI
Full-time
Onsite
Mid, Senior Level
$53K/yr - $101K/yr
3+ years expAIPSO is a management organization and service provider for various insurance industry groups responsible for administering the residual market. The role involves compiling and analyzing financial data, managing cash flow, reconciling insurance details, and preparing financial statements in compliance with GAAP and NAIC reporting requirements.
Financial ServicesInsuranceProject Management
Responsibilities
Compile and analyze financial data from various sources to prepare accounting entries for the general ledger. Includes validating and importing information
Cash management monitoring of bank account balances to ensure balances are supportive for Plan needs. Includes an understanding of web-based banking software
Reconcile all monthly insurance details for policy and claim administration and report results to the industry. This includes the monthly reporting to the fronting company to ensure we are in compliance with our agreement
Analyze financial information detailing assets, liabilities, and capital, and prepare balance sheet reconciliations. Reconciliations include proper support to validate the balance in the general ledger account
Prepare quarterly and annual audited financial or statutory statements and accompany workpapers and footnotes. Submit to individual state insurance departments, external audit firm, and various Boards/Committees. Requires familiarity with GAAP/NAIC reporting requirements and ability to follow reporting procedures with minimal supervision
Required to use statutory concepts and GAAP principles to ensure reporting is in compliance. Prepares, examines, and analyzes accounting records, financial statements, and other financial reports to assess accuracy and conformance to reporting standards
Qualification
Required
Bachelor's degree (BA/BS) from an accredited college or university majoring in Accounting preferred
3 or more years of accounting experience and knowledge of accounting principles and the ability to determine a course of action based on these principles
Proficient in the use of Microsoft Office productivity tools (e.g., Outlook, Word, Excel) to manage work
Effective problem-solving skills, including ability to analyze issues, find the root cause of the problem, and consider a wide range of alternatives before acting
Demonstrate strong verbal and written communication skills, including ability to effectively present information and respond to questions from groups or individuals
Ability to multi-task and demonstrate flexibility while maintaining attention to detail
Demonstrate excellent organizational skills
Ability to work independently and interact professionally and effectively in a team environment
Demonstrate excellent customer service skills by being able to follow directions and interpret customer needs
Exposure to the insurance industry and working knowledge of residual market mechanisms
Company
AIPSO
AIPSO is a non-profit management organization that provides services to the insurance industry in administering the residual market.
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
Frank Pensabene
Senior Vice President & COO
Recent News
2022-05-28
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