Staff Accountant

American Modern Insurance Group, Inc., a Munich Re company, is a widely recognized specialty insurance leader that delivers products and services for residential property – such as manufactured homes and specialty dwellings – and the recreational market, including boats, personal watercraft, classic cars, and more. We provide specialty product solutions that cover what the competition often can’t.

Headquartered in Amelia, Ohio, and with associates located across the United States, we are part of Munich Re’s Global Specialty Insurance division. Our employees receive boundless opportunity to grow their careers and make a difference every day.  This position has a hybrid schedule, 40-50% of the time in the office in Amelia, OH.

American Modern Insurance Group is seeking a Staff Accountant to join our team!  This position plays an integral role in the completion of the department’s responsibilities related to one of its fastest growing segments, specialty clients program business, and the preparation and analysis of critical metrics within the Company’s contingent commission plans and commission incentive plans. The Accountant is involved in all aspects of accounting for these areas, starting with the initial onboarding of new accounts all the way through to preparation and analysis of financial results.

The Staff Accountant is responsible for financial reporting processes supporting the specialty insurance business including preparing and/or reviewing the department’s complex accounting entries and developing analytics related to our program partners. This role will also assist in the documentation of accounting policies, procedures, and controls and will monitor compliance with internal controls. The Staff Accountant will also be involved in projects related to onboarding new business, building systems that will transform and automate workflows within the program business workflows, as well as in other Accounting department related initiatives and projects associated with the financial close process, controls, and results analytics as assigned.

Responsibilities:

• Responsible for accurate and timely journal entries and analysis of key program business partners financial results by preparing and reviewing accounting entries and financial analysis.
• Assist in coordinating general accounting tasks to ensure adequate training, appropriate process documentation and completion of work by scheduled deadlines.
• Optimize efficiencies within the workflows and the reporting of financial results for Specialty Clients business.
• Prepare and/or analyze commission and contingent commission results and share the results with Sales and other stakeholders to ensure the plans are supporting the business objectives and incentives in place.
• Prepare and/or review the accrual entries that support the contingent commission monthly accruals within the financial reporting close timelines to finalize financial reporting to Regulatory Authorities, International Parent Company and Internal Management.
• Prepare and/or review the contingent and incentive commission payments and statements ensuring the calculations are supported by the contract terms and all data sets for the contractual calculations are validated from source systems.
• Monitor, prepare and/or review more complex account reconciliations and gets involved in ad hoc analyses, accounting research, financial statement preparation and review, and other accounting initiatives and projects as needed.

Qualifications:

• Bachelor’s degree in Accounting or Finance, or equivalent work experience
• CPA or Insurance Certification (CPCU, ARE) preferred
• GAAP, Statutory, and IFRS accounting knowledge and on the job experience with recording complex ledger transactions, developing and/or reviewing complex reconciliations
• Experience using Microsoft products and other BI data analytical tools, such as COGNOS Advance, Oracle Sequel, Power BI or similar programs
• Experience in establishing/documenting end to end business/accounting processes
• Detailed oriented, organizational skills and ability to prioritize and multi-task work
• Ability to data mine and work with large data sets to organize and create complex queries, tables and calculations that support contract language
• Ability to collaborate and share information with stakeholders based on analysis completed

We are proud to offer our employees, their domestic partners, and their children, a wide range of insurance benefits:

• Two options for your health insurance plan (PPO or High Deductible).
• Prescription drug coverage (included in your health insurance plan).
• Vision and dental insurance plans.
• Additional insurance coverages provided at no cost to you, such as basic life insurance equal to 1x annual salary and AD&D coverage that is equal to 1x annual salary.
• Short and Long Term Disability coverage.
• Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes Spouse/domestic partner and children).
• Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity).

In addition to the above insurance offerings, our employees also enjoy:

• A robust 401k plan with up to a 5% employer match
• A retirement savings plan that is 100% company funded.
• Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries.
• Eligibility to receive a yearly bonus as a Munich Re employee.
• A variety of health and wellness programs provided at no cost.
• Paid time off for eligible family care needs.
• Tuition assistance and educational achievement bonuses.
• A corporate matching gifts program that further enhances your charitable donation.
• Paid time off to volunteer in your community.

At American Modern, a subsidiary of Munich Re, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services. 

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.