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SalaryCome grow with James River Insurance!
James River Insurance is an excess and surplus lines segment of James River Group Holdings, Ltd. and operates on an approved non-admitted basis in 50 states and Washington, DC. Since 2003, James River has provided thousands of commercial property and casualty customers with innovative and creative solutions for particular insurance needs.
At James River Insurance, we are committed to providing a stable and rewarding work environment supported by our Core Values and Guiding Principles: Integrity, Accountability, Innovation, Customer Service, Communication, and Teamwork. We are proud of our recent national recognition as a 2023, 2022, and 2021 Top Workplaces USA awards.
James River Group Holdings, Ltd. is a Bermuda-based insurance holding company which owns and operates a group of specialty insurance and reinsurance companies. The Company operates in three specialty property-casualty insurance and reinsurance segments: Excess and Surplus Lines, Specialty Admitted Insurance and Casualty Reinsurance. The Company tends to focus on accounts associated with small or medium-sized businesses in each of its segments. Each of the Company's regulated insurance subsidiaries are rated "A-" (Excellent) by A.M. Best Company.
Job Summary
Assist in the preparation of Statutory & GAAP Financial Statements and handle day to day financial reporting of all activities that will assist management and others in making educated economic decisions about the Company’s future.
Duties and Responsibilities
- Continuously exhibit and uphold Core Values of Integrity, Accountability, Communication and Teamwork, Innovation and Customer Service.
- Responsible for preparing and entering monthly and quarterly journal entries
- Responsible for preparing financial reporting such as internal and external monthly financial statements and annual audits
- Prepare and complete annual and quarterly NAIC statutory financial statements
- May be responsible for cash application, A/R. A/P, suspense clearing, bank account reconciliations, etc.
- Abide by and enforce internal controls and accounting policy, including externally required controls for SOX; ensure audit readiness and compliance
- Interact with and respond to state insurance departments and regulatory authorities if necessary
- Oversee the preparation of reinsurance reports and remittances, tracking of outstanding receivables, and any related reinsurance accounting
- Establish and maintain systems and controls which verify the integrity of all systems, processes and data and enhance the Company’s value
- Assist with financial planning and analysis including budgets, forecasts, results analysis and capital planning
- Respond to the Controller with accurate and timely work to facilitate the Company’s financial needs
- Participate in a wide variety of special projects and compile special reports as
- necessary
- Conform with and abide by all internal and external regulations and policies
- Strong GAAP, ledger, account reconciliation, audit/control procedures, cash, A/P, A/R, payroll, income tax, investment accounting, banking and/or accounting systems working knowledge
- Knowledge of Statutory Accounting, Reinsurance Accounting and other aspects of insurance operations a plus
- Excellent written and verbal communication skills
- Strong analytical skills with exceptional attention to detail
- High level of initiative and motivation
- Strong work ethic with a drive to succeed
- Proactive self-starter with a bias toward teamwork.
- Ability to work under pressure and manage multiple deadlines
- Intermediate to Expert level proficiency in MS Office (Word, Excel, Outlook)
Staff Accountant
- Bachelor’s Degree in accounting, finance or related required
- Three years’ experience in corporate and/or public accountancy or finance roles required
- Working towards CPA designation a plus
- Hands-on accounting experience within the Property and Casualty Insurance industry desired, but not required
- Bachelor’s Degree in accounting, finance or related required
- CPA designation strongly preferred
- Five years’ experience in corporate and/or public accountancy or finance roles required
- Two years of hands-on accounting experience within the Property and Casualty Insurance industry strongly preferred
- Bachelor’s Degree in accounting, finance or related required
- CPA designation strongly preferred
- Six years’ experience in corporate and/or public accountancy or finance roles required
- Four years of hands-on accounting experience within the Property and Casualty Insurance industry strongly preferred
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