Accounting Manager - Independent Insurance Agency

  • Wentworth, DeAngelis Inc.

Description

This position is located in Farmington, CT.

Benefits:

  • Health Insurance
  • PTO

Job Description/Responsibilities:

  • Manages the agency budget, expense statement, profit & loss statement, the balance sheet, contingency income, payables and receivables to ensure solvency, liquidity, and financial responsibility.
  • Responsible for and maintenance of Corporate File.
  • Liaison between accountant and agency for all financials and taxes.
  • Is responsible for the reconciliation of all agency checking accounts so premium & commission deposits in system match bank records
  • Completes agency billed account payable summary.
  • Reviews and adjusts commissions on account current statements and invoices when needed. Individual items as they are due on the 15th of each month to carriers and brokers.
  • Follows up with AM if items are unbilled.
  • Follows up with broker if invoices have not been received.
  • Follows up with Insured if invoices are unpaid.
  • Reconciles and pays account executive commissions.
  • Transacts swaps between Wentworth and Kaufman.
  • Responsible for writes off and adjustments.
  • Manages accounts receivables. Strives for no items over 90 days and makes recommendations as to when to send accounts to collection.
  • Verifies that daily deposit matches system record of direct billed cash and agency billed receipts.
  • Manages and oversees payroll. Processes payroll. Makes necessary entries.
  • Provides technical support to accounting staff and uses questions as training opportunities
  • Responsible for the cost-efficient operation of all agency activities. Reaches a cost to income ratio as determined annually by principal and operations manager.
  • Closes month-end and year-end on time, posts all appropriate entries and reports to the management team by the 10th of each month.
  • Accepts and handles all duties and projects as may be assigned by the principal and/or operations manager.

Requirements:

  • 1+ years of Property and Casualty Insurance experience required
  • Property and Casualty Insurance License required
  • 1+ years of accounting experience required
  • 1+ years of AMS360 experience required

Salary: $55,000+ - DOE

Indeed Hire and Wentworth, DeAngelis Inc. are working together to find the best candidate for this job.

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Job Type: Full-time

Salary: $55,000.00 to $65,000.00 /year

Experience:

  • Property and Casualty Insurance: 1 year (Required)
  • Accounting: 1 year (Required)
  • AMS 360: 1 year (Required)

License:

  • Property and Casualty Insurance (Required)
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  1. Accounting Manager - Independent Insurance Agency
    Wentworth, DeAngelis Inc.
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