Insurance Accountant at HOATalent

Company Overview:
We are a small but growing commercial lines insurance brokerage specializing in providing comprehensive insurance solutions to Condominium and Homeowners Associations (HOAs). Our team is dedicated to delivering personalized service and tailored coverage options to meet the unique needs of our clients.

Position Overview:
We are looking for a dedicated and detail-oriented Accountant to join our team at a leading commercial insurance firm specializing in the Homeowners Association (HOA) sector. The ideal candidate will play a crucial role in managing financial operations, ensuring accuracy in financial reporting, and supporting strategic financial planning. You will work closely with our insurance professionals, HOA clients, and stakeholders to deliver insightful financial analysis and maintain compliance with industry standards.

Key Responsibilities:

• Financial Management and Reporting:
  • Maintain accurate financial records, including accounts payable and receivable, general ledger entries, and cash flow management.
  • Prepare and analyze monthly, quarterly, and annual financial statements, including balance sheets, income statements, and cash flow statements, to provide a clear financial picture of the firm's operations.
• Budgeting and Forecasting:
  • Develop and manage budgets, financial forecasts, and variance analysis to monitor the firm’s financial performance.
  • Collaborate with department heads to ensure budget adherence and provide recommendations for cost-saving initiatives and financial efficiency.
• Reconciliation and Compliance:
  • Conduct regular account reconciliations, including bank statements, to ensure the integrity of financial data.
  • Ensure compliance with federal, state, and industry-specific regulations, including insurance and HOA financial standards.
• Insurance Accounting and Premium Management:
  • Manage and reconcile premium collections, claims payments, and commissions to maintain accurate records for HOA insurance policies.
  • Work closely with the underwriting and claims teams to ensure accurate financial processing and reporting of insurance transactions.
• HOA Client Financial Support:
  • Prepare customized financial reports for HOA clients, providing detailed breakdowns of insurance expenses, premium allocations, and claims history.
  • Assist in developing tailored financial solutions to meet the unique needs of HOA clients, supporting long-term client relationships.
• Audit and Risk Management:
  • Coordinate and support internal and external audits, ensuring all financial records are accurate and up to date.
  • Identify financial risks and implement controls to mitigate them, ensuring robust financial management practices.
• Process Improvement and Collaboration:
  • Continuously assess and improve accounting processes and procedures to increase efficiency and accuracy.
  • Collaborate with cross-functional teams, including underwriting, claims, and client services, to support the overall business strategy.

Qualifications:

• Bachelor’s degree in Accounting, Finance, or a related field.
• 3+ years of accounting experience, preferably in the insurance or HOA sector.
• Strong understanding of accounting principles, financial reporting, and compliance requirements specific to the insurance industry.
• Proficiency in accounting software (e.g., QuickBooks, Sage, Xero) and advanced skills in Microsoft Excel.
• Excellent analytical and problem-solving skills with a keen eye for detail.
• Strong communication and interpersonal skills, with the ability to work effectively with cross-functional teams and clients.
• Ability to manage multiple priorities and deadlines in a fast-paced environment.