Financial Analyst
On-sitePittsburgh, Pennsylvania, United States
Job Summary
Prepare financial statements for captive insurance companies and risk retention groups using Quickbooks, including general ledgers, balance sheets, and income statements. Monitor and document activity to prevent errors, check policy coverages and endorsements for accuracy, and process premium tax returns for various domiciles. Assist account handlers with daily account activity, complete proposals and policy summaries, and handle insured or underwriter questions. Maintain account folders per Quality Control guidelines and pursue professional development for appropriate licenses. Requires 5-7 years of relevant experience and a strong understanding of GAAP, insurance accounting, and Quickbooks.
Required Qualifications
- 5-7 years of relevant experience
- Detail oriented
- Good mathematical skills
- Good communication skills
- Ability to understand financial statements
- Good typing skills
- Computer literacy
- Ability to work within designated time frames
- Good interpersonal skills
- Accounting background
- Strong computer skills
- Excel
- Word
- Quickbooks experience
Desired Qualifications
- Understanding of accounting rules and regulations in regards to International & Domestic GAAP Financial Statements
- Understanding of insurance accounting and its applicability to corporate financials, loans, investments and other financial matters
- Ability to plan and schedule calendar in advance of reporting needs
- Ability to prepare financial statements for captive insurance companies and risk retention groups
- Ability to use various domicile annual reporting systems
- Ability to prepare premium tax returns for various domiciles
- Demonstrates knowledge and understanding of general business issues, including but not limited to, insurance, tax, legal issues, accounting trends
- Ability to effectively monitor and document activity to prevent E&O and other problems
- Ability to work with client to establish ongoing client service standards
- Maintaining account folders in accordance with internal Quality Control guidelines
- High commitment to clients
- Proactive in addressing client issues
- Check policy coverages and endorsement on all new business and renewals for accuracy and relevance
- Complete specs, prepare proposals, policy summaries and reviews
- Assist with the sales process where needed
- Follow-up with clients, prospects, and outside advisors
- Process endorsements, placement requests and invoicing
- Review policies for accuracy and adequacy of coverage, including rating calculations
- Assist with Accounting department on research and justification of premium charges as compared with endorsements and invoices
- Handle or refer insured's and underwriter's questions
- Pursue a program of professional development
- Begin studies for appropriate licenses
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