Sr. Insurance Accountant POST NUMBER: 435075
Job Description: Senior Insurance Accountant
Contract Position – Start ASAP, Interviewing Immediately
Vaco is conducting a confidential search for a Senior Insurance Accountant on behalf of our client. This role is hybrid, based in the Bridgewater, NJ area (exact location to be provided to shortlisted candidates). The ideal candidate must have experience in the insurance industry, with a preference for candidates with reinsurance expertise. This is an urgent opportunity requiring immediate interviews and start dates.
Key Details:
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Location: Hybrid, Bridgewater, NJ area (local candidates preferred within driving distance of Somerset County, NJ).
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Compensation: $50–$70/hr (W2 only). Will work as an hourly consultant for Vaco Staffing. 6 month contract position with potential to extend or convert to permanent.
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Employment Type: No C2C, 1099, or sponsorship options available now or in the future.
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Availability: Immediate.
Role Responsibilities:
The Senior Insurance Accountant will be responsible for managing data-driven accounting processes, reconciling complex systems, and supporting large-scale transactional operations. Core responsibilities include:
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Managing daily loss funding transactions and AP voucher certification.
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Setting up and automating reconciliation programs for escrow balances and insurance company accounts, handling thousands of transactions weekly.
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Conducting and reviewing account reconciliations and variance analyses, including receivables and subledger postings.
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Addressing funding and banking issues as they arise.
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Supporting journal entries and participating in monthly/quarterly close processes.
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Utilizing Oracle ARS (Accounts Receivable Subledger) and other ERP systems to manipulate and analyze large datasets.
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Collaborating with IT to develop automated tools for matching and reconciling receivables.
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Engaging in audits of Third-Party Administrators (TPAs), including verifying compliance with documentation requirements.
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Communicating with external third-party contacts to resolve accounting discrepancies or compliance issues.
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Performing advanced Excel-based tasks involving datasets with large volumes of data and leveraging other software tools as needed (e.g., Access databases, Power BI, or SQL).
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Supporting accruals, reclassifications, and adjustment entries.
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Assisting with both internal and external audit engagements, ensuring procedural compliance.
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Identifying and implementing process improvements in collaboration with finance, IT, and operational teams.
Qualifications:
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Education: Bachelor’s degree in Accounting, Finance, or a related field.
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Experience:
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Minimum 5 years of professional experience in accounting or finance.
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Strong expertise in reconciliation processes and large-scale transactional accounting.
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Familiarity with Oracle ARS (Accounts Receivable Subledger) or similar ERP systems.
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Experience working in insurance accounting, particularly with escrow and loss transactions. Reinsurance experience is a strong plus.
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Prior involvement in internal and external audits.
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Technical Skills:
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Advanced proficiency in Microsoft Excel, including handling and analyzing large datasets.
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Experience with Access databases, Power BI, SQL, or other tools for managing and visualizing large-scale data.
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Ability to customize ERP systems for different organizational needs.
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Soft Skills:
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Highly organized, detail-oriented, and self-motivated.
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Strong analytical and problem-solving abilities.
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Excellent verbal and written communication skills.
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Demonstrated ability to work collaboratively and independently in a dynamic environment.
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Note: Exact client details will only be shared with shortlisted candidates. If you are local to the Somerset County area, possess the required expertise, and can start immediately, this is an excellent opportunity to join a dynamic organization.
For further details or to apply, please reach out to us promptly.
Vaco values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.
EEO Notice
Vaco is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.
Vaco LLC and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco LLC and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact HR@vaco.com .
Vaco also wants all applicants to know their rights that workplace discrimination is illegal.
By submitting to this position, you agree that you will be giving Vaco the exclusive right to present your as a candidate for the foregoing employment opportunity. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.
Privacy Notice
Vaco LLC and its parents, affiliates, and subsidiaries (“we,” “our,” or “Vaco”) respects your privacy and are committed to providing transparent notice of our policies.
- California residents may access Vaco’s HR Notice at Collection for California Applicants and Employees here.
- Virginia residents may access our state specific policies here.
- Residents of all other states may access our policies here.
- Canadian residents may access our policies in English here and in French here.
- Residents of countries governed by GDPR may access our policies here.
Pay Transparency Notice
Determining compensation for this role (and others) at Vaco depends upon a wide array of factors including but not limited to:
- the individual’s skill sets, experience and training;
- licensure and certification requirements;
- office location and other geographic considerations;
- other business and organizational needs.
With that said, as required by local law, Vaco believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.