Senior Accountant POST NUMBER: 434805
Job Title: Senior Accountant – Loss Transactions
Location: Hybrid (Warren, NJ)
Industry: Insurance
Position Overview:
We are seeking a Senior Accountant to join our team, focusing on managing daily accounting activities related to loss transactions. This role is responsible for ensuring that all accounting and banking operations align with company policies, procedures, and contractual obligations within the insurance industry.
Key Responsibilities:
- Review and certify daily loss funding transactions and accounts payable vouchers.
- Process journal entries and assist with monthly and quarterly financial closings.
- Conduct monthly reconciliations and variance analyses for claim funding accounts.
- Resolve funding and banking issues as they arise.
- Develop a strong understanding of various policy and claim management systems.
- Help organize and process quarterly accruals, reclassifications, and adjustment entries.
- Participate in audits of Third-Party Administrators (TPAs), both financial and operational.
- Ensure all TPA documentation and insurance certificates are up-to-date.
- Assist with special accounting and reporting projects as needed.
- Efficiently navigate large Excel files and perform data analysis.
- Maintain professional relationships with TPA contacts and address compliance issues in a timely manner.
- Collaborate with external and internal auditors to ensure adherence to necessary controls and procedures.
- Identify opportunities for process improvements and work with cross-functional teams (finance, IT, operations) to implement changes.
Qualifications & Experience:
- Bachelor's degree in Accounting, Finance, or a related field is required.
- Minimum of 5 years of experience in an accounting or finance role, with a focus on reconciliation.
- Strong accounting knowledge and experience in insurance is a must.
Skills & Competencies:
- Advanced proficiency in Microsoft Excel (5 years), with the ability to handle complex data sets.
- Strong analytical skills with attention to detail and organization.
- Ability to work independently as well as collaboratively within a team.
- Excellent communication skills, both written and verbal.
- Quick to learn new tasks and adapt with minimal supervision.
If you meet these qualifications and are ready to take on a dynamic role in the insurance industry, we encourage you to apply.
Vaco by Highspring 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 by Highspring 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 by Highspring and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco by Highspring 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 by Highspring 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 by Highspring 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 by Highspring 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 by Highspring agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.
Privacy Notice
Vaco by Highspring and its parents, affiliates, and subsidiaries (“we,” “our,” or “Vaco by Highspring”) respects your privacy and are committed to providing transparent notice of our policies.
- California residents may access Vaco by Highspring 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 by Highspring 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 by Highspring 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.