Accounting Manager at Group 1001 in Zionsville, Indiana

Job Description:

Group 1001 is a consumer-centric, technology-driven family of insurance companies on a mission to deliver outstanding value and operational performance by combining financial strength and stability with deep insurance expertise and a can-do culture. Group1001's culture emphasizes the importance of collaboration, communication, core business focus, risk management, and striving for outcomes. This goal extends to how we hire and onboard our most valuable assets - our employees.



Company Overview:



Clear Spring Property and Casualty Group (CSPCG) is comprised of four insurance carriers (Clear Spring Property and Casualty Company, Clear Spring Casualty Insurance Company, Clear Spring American Insurance Company, and Clear Spring National Insurance Company), each rated A- (Excellent) by A.M. Best. CSPCG assists companies in protecting themselves from today's challenges through technology and innovation. CSPCG provides worker's compensation, general liability, and other coverages through strong agency relationships.


Clear Spring Property and Casualty Group is a subsidiary of Delaware Life Insurance Company and its parent company, Group 1001, a collective that empowers companies to create positive growth. Everything Group 1001 does is designed to help individuals and communities thrive. Our insurance and annuities make financial products easy to understand and accessible to all. Our online investing platform gives individuals control over their savings and their futures. Our technology and innovation help companies succeed. And our strategic partnerships bring people together through education and sports. Because we all have the power to grow better. Clear Spring's risk management solutions evolve with market needs, while traditional insurance companies struggle to keep up. Our data-driven approach and mastery of emerging technologies provide a deeper connection with customers by developing smarter, more adaptive ways to interact that address the needs of brokers and their policyholders.


We're confident that you'll love partnering with us.


Group 1001, and its affiliated companies, is strongly committed to providing a supportive work environment where employee differences are valued. Diversity is an essential ingredient in making Group 1001 a welcoming place to work and is fundamental in building a high-performance team. Diversity embodies all the differences that make us unique individuals. All employees share the responsibility for maintaining a workplace culture of dignity, respect, understanding and appreciation of individual and group differences.



Job Summary:



Reporting to the Chief Accounting Officer, the Accounting Manager has overall responsibility for accounting, financial reporting and control environment related to 5 existing managing general agent relationships. This role is also responsible for managing the onboarding of new managing general agent relationships with the ability to expand responsibility autonomously.


The Accounting Manager is responsible for identifying opportunities to improve efficiencies and eliminate backlogs. The individual will analyze the existing processes and systems and work closely with the Chief Accounting Officer and partners to streamline and enhance current systems, leverage information technology, and establish and communicate effective processes and procedures. This role requires a strategic thinker who can connect financial data to the overall business strategy and enjoys collaborating with others to achieve shared goals.



Please note this position requires monthly travel to Zionsville, IN or Boca Raton, FL.




Main Accountabilities:

• Manage accounting and general ledger activities:
  
  
  
  
  • Responsible for the month-end close, financial statements, financial reporting, general ledger maintenance, cash flow analyses, budget vs. actual, and forecast vs. actual analyses.
    
    
  
  
  • Maintain financial records in accordance with the statements on statutory accounting principles (SSAP).
    
    
  
  
  • Assess new standards for relevance and impact on assigned managing general agent programs.
    
    
  
  
  • Supervise accounts all general ledger activities.
    
    
  
  
  • Coordinate with actuarial resources in determining sufficiency of financial reserves.
    
    
  
  
  • Work closely with IT in vetting processes and systems required for successful enterprise, financial management implementation and ongoing maintenance.
    
    
  
  
  
  


• Complete reporting and compliance activities:
  
  
  
  
  • Prepare financial statements in accordance with statutory accounting principles.
    
    
  
  
  • Prepare all regulatory reporting requirements.
    
    
  
  
  • Implement and maintain internal control structure commensurate with size of organization and resources available.
    
    
  
  
  • Understand and implement ongoing reporting and compliance activities.
    
    
  
  
  
  


• Coordinate all audit activities:
  
  
  
  
  • Develop and maintain relationships with the Company's external auditors and regulatory agencies.
    
    
  
  
  
  


• Recruit, hire, train, develop, motivate, manage and lead staff to perform successfully.
  
  
  
  
  • Continually assess the effectiveness of departmental functioning, including the people, processes and technologies needed to achieve departmental and corporate goals and objectives. Identify problems and opportunities for improvement and generate creative solutions that improve qualitative and quantitative performance.
    
    
  
  
  • Assure staff accountability through routine observation, reporting and performance measurement, and through timely, thorough preparation of performance appraisals for assigned staff.
    
    
  
  
  
  

Qualifications:

• Bachelor's degree in accounting; CPA strongly preferred.
  
  


• 5+ years in insurance accounting; workers compensation experience a plus.
  
  


• Strong excel and computer skills
  
  


• Knowledge of Workday and Oracle
  
  


• Knowledge of Accounting under SSAP No. 62R
  
  


• Knowledge of fundamental concepts, practices and procedures of the insurance industry.
  
  


• Proven ability to leverage peer relationships within an organization.
  
  


• Must perform duties under deadline pressure with multi-tasking capabilities.
  
  


• Perform effectively when changes in priorities, direction and resources occur.
  
  


• Possess strong communication skills - verbal and written.
  
  


• Strong presentation skills and public speaking skills.
  
  


• Proven skills in using financial management programs, spreadsheets, word processing and presentation software.
  
  

Benefits Highlights:



Employees who meet benefit eligibility guidelines and work 30 hours or more weekly, have the ability to enroll in Group 1001's benefits package. Employees (and their families) are eligible to participate in the Company's comprehensive health, dental, and vision insurance plan options. Employees are also eligible for Basic and Supplemental Life Insurance, Short and Long-Term Disability, and to enroll in the Company's Employee Assistance Program and other wellness initiatives. Employees may also participate in the Company's 401K plan, with matching contributions by the Company.
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