Position Overview
The Policy Accounting Consultant will support the Policy Accounting team, which is responsible for the oversight, reconciliation, certification, and reporting of daily, monthly, and annual policy accounting activity.
The ideal candidate is highly organized, detail-oriented, and analytical, with strong reconciliation experience and a demonstrated ability to work collaboratively across teams. This role will assist with daily accounting processes, month-end close activities, audit support, reporting, and special projects.
Required:
- Experience with debit and credit transactions and a strong understanding of accounting principles.
- Proven account reconciliation experience, with the ability to identify and resolve discrepancies accurately and efficiently.
- Ability to work effectively in a collaborative team environment while maintaining strong independent work habits.
- Demonstrates curiosity, initiative, and adaptability, with the capability to learn new processes and take on additional responsibilities as needed
- Reliable team player who can cross-train and provide coverage for colleagues during PTO and other absences, ensuring continuity of operations.
Primary Responsibilities
Daily Reconciliation and Accounting Activities
- Run Tableau reports and review policy-level accounting activity for completeness and accuracy by performing daily reconciliations for the following:
- Premiums
- Separate account activity
- Units
- Commissions
- NACHA transactions
- Loan payments
- Update and validate asset-based service fee payments maintained in a Microsoft Access database.
- Maintain the audit log for policy disbursements, including Surrenders, death claims, withdrawals and loans.
- Research reconciliation differences and work with appropriate business partners to resolve outstanding items.
- Ensure reconciliation results, explanations, and supporting documentation are complete and maintained in accordance with audit requirements.
- Assist Policy Accounting team members with special projects and other accounting activities as needed.
Month-End Close Activities
- Prepare general ledger journal entries.
- Upload journal entries to the SAP general ledger accounting system.
- Reconcile monthly balance sheet accounts, including surrender clearing and Death Course of Settlement.
- Prepare and distribute scheduled accounting and operational reports.
- Support the timely and accurate completion of month-end close requirements.
Qualifications
- Strong reconciliation, analytical, and problem-solving skills.
- Advanced Microsoft Excel skills.
- Insurance, life insurance, or policy accounting experience is a plus.
- Strong attention to detail and organizational skills.
- Ability to manage multiple priorities and meet established deadlines.
- Ability to work independently while contributing effectively in a team environment.
- Strong written and verbal communication skills.
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