Accountant III

AmTrust is one of the leading writers of workers' compensation insurance in the nation with Forbes Magazine designating Amtrust within the top 100 Largest Private Companies in the country. We are recipient of the Five-Star Excellence Award for Workers Comp by the Insurance Business America for 2023. We are also recipient of the 2023 Best and Brightest Companies to Work for award, selected for having the most innovative well-being practices, by the National Association for Business Resources (NABR). If you are looking for an Accountant III level position, come join our team. We are looking for someone who is motivated, dynamic, and agile to perform a variety of general and statutory accounting, financial reporting and analyses for the North American property and casualty insurance division. You will be joining a high performing team that celebrates each individuals' contributions and shares everyone's success as a team. We work with pride when called upon yet strive for work/life balance.

This position will primarily focus on performing contract and reinsurance accounting, statutory reporting, balance sheet reconciliations, analyses, journal entries, compliance filings, and working on projects. This position will also work with data cubes and accounting hubs and prepare ad hoc financial analyses. The Accountant III will partner with others in the finance organization, as well as interact with underwriting, claims, actuarial, and compliance departments.

This position will sit on site 3 days a week and can be worked in either our Dallas, TX office or our Jersey City, NJ office.

The salary range for this role is $57,000 - 100,000 annually. This range is only applicable for jobs to be performed in Jersey City, NJ. Base pay offered may vary depending on, but not limited to education, experience, skills, geographic location, travel requirements, sales or revenue-based metrics. This range may be modified in the future.

Review the MGA and reinsurance contracts and provide an appropriate update.
• Validate the premium and loss bordereau for reconciliation with the data files, and then upload it into the ledger..
• Prepare journal entries, ensuring that supporting documentation is robust and that the processes behind each entry are understood.
• Perform testing and set up contracts for automation implementation.
• Monitor reinsurance collateral for unauthorized reinsurers and review collateral adequacy and requirements.
• Prepare reinsurance statements and billings in accordance with the reinsurance contract.
• Prepare a cession statement or financial report for programs, which includes responding to inquiries, conducting analysis, and generating Ad Hoc reports.
• Prepare P&C statutory financial package, including flux analysis and supplemental schedules..
• Assist with various state regulatory compliance filings.
• Prepare balance sheet reconciliations, investigate exceptions, monitor accounts, and propose entries for correction.
• Address any issues and inquiries that may arise from senior management, external customers, and various internal partners.
• Work with data cubes, accounting hubs, and subledgers to trace components and sub-components of general ledger accounts and support ad hoc and complex analyses.
• Strive to continually improve business processes and communicate opportunities and issues to management while maintaining strong and effective internal controls.
• Perform special projects as assigned or as needed.

• 5+ years of strong and progressive accounting experience, including experience in preparing financial statements and financial analyses. Insurance industry experience is a plus.
• Bachelor's degree in accounting required. CPA and or MBA preferred.
• Strong understanding and application of U.S. GAAP and SOX. Statutory accounting and reinsurance background preferred.
• Oracle ERP, Hyperion/FCCS, SmartView, and or similar accounting software experience a plus.

• Intermediate to Advanced skill in Excel required.
• Critical thinker with ability to prepare workbooks from the ground up based on terms of contracts and or assumptions, and to organize information for presentations.
• Self-starter, proactive in looking for ways to improve, hard-working, and highly analytical.
• Ability to multi-task, to prioritize competing commitments in a fast-paced environment, and to deliver under tight deadlines.
• Strong attention to detail and capable of delivering high-quality work results.
• Ability to work independently, as well as in a team environment.
• Excellent oral and written communication skills.

AmTrust Financial Services offers a competitive compensation package and excellent career advancement opportunities. Our benefits include: Medical & Dental Plans, Life Insurance, including eligible spouses & children, Health Care Flexible Spending, Dependent Care, 401k Savings Plans, Paid Time Off.

AmTrust strives to create a diverse and inclusive culture where thoughts and ideas of all employees are appreciated and respected. This concept encompasses but is not limited to human differences with regard to race, ethnicity, gender, sexual orientation, culture, religion or disabilities.

AmTrust values excellence and recognizes that by embracing the diverse backgrounds, skills, and perspectives of its workforce, it will sustain a competitive advantage and remain an employer of choice. Diversity is a business imperative, enabling us to attract, retain and develop the best talent available. We see diversity as more than just policies and practices. It is an integral part of who we are as a company, how we operate and how we see our future.