Vela Insurance Services provides specialized Excess and Surplus Lines Casualty and Professional Liability insurance solutions in the following four market segments.: Construction, Specialty Casualty, Velocity Small Business & Professional Liability. We offer national service and local knowledge to our exclusive wholesale broker network and the businesses they serve.
ResponsibilitiesThis position is responsible for assisting the department in maintaining accurate and timely financial information and documentation. Responsibilities include, but are not limited to, reconciling premium and loss data from feeder systems, recording and IBNR, delivering on GAAP and STAT regulatory reporting deadlines. Accountabilities also include assisting in the completion of audited financial statements and data requests related to external audits and state examinations. Supporting the overall close process to ensure that all reporting requirements are adhered to. Assist in project work as assigned.
Responsible for accurate preparation of journal entries in accordance with the monthly close scheduleComplete technical account analysis and data checks for monthly, quarterly, and annual reporting and complete the underwriting schedules for quarterly and year-end statutory reportingResponsible for balance sheet reconciliations and exhibits monthly Assist in research of GAAP and STAT accounting policy changes and implementing changes to comply with reporting requirementsDocument and archive records to satisfy audit and statutory requirementsAssist in project work as assignedRegular and predictable attendance Qualifications Four (4) year College Degree in Accounting, Finance or Business, or commensurate experience and trainingCPA, preferred1-3 years of relevant insurance accounting experience, including strong knowledge of GAAP accounting principles. Knowledge of Statutory accounting is a plus.Strong organizational and time management skills with the ability to handle multiple tasks and meet deadlinesExcellent attention to detail and analytical skills with the ability to identify and resolves problems quicklyKnowledge of finance systems and proficient in Microsoft Office Suite, especially Excel. PeopleSoft is a plus.Ability to manage and prioritize responsibilities and processesExcellent written and verbal communication and interpersonal skillsBasic Financial Analysis skills Additional Company Details We do not accept any unsolicited resumes from external recruiting firms.
The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role includes:
Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans.
The actual salary for this position will be $70,000-80,000 and determined by a number of factors. These include the scope and complexity of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.
This role is eligible to participate in the annual discretionary bonus program. Sponsorship Details Sponsorship not Offered for this Role Connect With Us! Not ready to apply? Connect with us for general consideration.