Accounting Manager

$120,000 - $130,000/Yr

NPAworldwide - Rancho Cucamonga, CA

Full-time - Mid Level

Onsite - Rancho Cucamonga, CA

Administrative and Support Services

About the position

The Accounting Manager position at our rapidly growing Property and Casualty (P&C) insurance company is a pivotal role under the direction of the Controller/CFO. This position is responsible for managing and overseeing the daily operations of the accounting department, which includes a variety of essential functions. The Accounting Manager will handle month-end and year-end processes, accounts payable and receivable, cash receipts, general ledger activities, expense accruals, prepaids, fixed asset activity, agent commissions, premium refunds, and reconciliations of trust and operating account statements. Additionally, the role involves managing claims check runs, credit card expenses, MGA transfer templates, the escheat process, and the 1099 issuance process. In this role, the Accounting Manager will maintain and oversee all accounting procedures and processes, ensuring compliance with state and federal laws, Department of Insurance criteria, and company policies. The position requires preparing and reviewing appropriate ledger entries and reconciliations, performing routine treasury functions such as initiating wire transfers, managing positive pay, and preparing monthly ACH uploads. The Accounting Manager will also plan and direct the activities of the accounting team, ensuring that deadlines are met and contingency plans are in place for absences and vacations. The role includes reviewing and approving monthly and quarterly Claims Reports and various Reinsurance Bordereaux, identifying errors and discrepancies, and taking appropriate action, including communication with the Controller/CFO and coaching team members. The Accounting Manager will be responsible for hiring, training, and supervising accounting staff, analyzing information, and developing spreadsheet reports to verify data. Furthermore, the position involves preparing and posting journal entries to the financial reporting system (NetSuite), creating additional analyses and reports as requested by management, assisting with regulatory filings, and developing and implementing accounting procedures by analyzing current practices and recommending changes. The Accounting Manager will also protect the organization's value by maintaining confidentiality and accomplishing accounting and organizational missions by completing related results as needed.

Responsibilities

• Managing and overseeing the daily operations of the accounting department.
• Handling month-end and year-end processes, accounts payable/receivable, and cash receipts.
• Maintaining and overseeing all accounting procedures and processes.
• Preparing and/or reviewing appropriate ledger entries and reconciliations.
• Performing routine treasury functions such as initiating wire transfers and managing positive pay.
• Planning and directing the activities of the Accounting team, ensuring deadlines are met.
• Reviewing and approving monthly and quarterly Claims Reports and various Reinsurance Bordereaux.
• Identifying errors and discrepancies and taking appropriate action.
• Hiring, training, and supervising accounting staff.
• Analyzing information and developing spreadsheet reports to verify data.
• Preparing and posting journal entries to the financial reporting system (NetSuite).
• Creating additional analyses and reports as requested by management.
• Assisting with regulatory filings and developing/implementing accounting procedures.
• Answering accounting and financial questions by researching and interpreting data.

Requirements

• Bachelor's degree in Accounting, Finance, Business with an emphasis in Accounting, or a related field.
• Ten-year minimum Accounting and Financial Reporting experience required.
• Five-year minimum Accounting Management experience required.
• Experience with bank reconciliations, general ledger posting, claims reporting, reinsurance, and GAAP required.
• Ability to manage increased levels of responsibility.
• Proficient in Excel and familiar with Microsoft Office.
• Ability to set priorities and perform multiple tasks effectively.
• Ability to solve practical problems and interpret a variety of instructions.
• Strong oral and written communication skills to explain complex issues.
• Ability to read, analyze, and interpret industry periodicals and governmental regulations.
• Ability to consistently follow company policies and procedures.
• Ability to adapt to a paperless environment.
• NetSuite Experience preferred.

Nice-to-haves

• Experience in the insurance industry.
• Familiarity with advanced Excel functions and financial modeling.