Financial Accountant (Multiple Experience Levels Considered) - Peoria, IL

Posted 15 Days Ago
Be an Early Applicant
Peoria, IL
Junior
Insurance
The Role
The Financial Accountant supports the company's financial accounting function, ensuring proper recording of transactions and preparing financial statements. Responsibilities include implementing accounting guidance, providing financial analysis, and overseeing special projects. This role also includes mentoring lower-level accountants and driving process improvements within the department.
Summary Generated by Built In

About Us We’re not like other insurance companies. From our specialty products to our business model, our culture to our results — we’re different. Different is who we are, and how we work, interact, deliver and succeed together. Creating a different and better insurance experience doesn’t just happen. It takes focus and a shared passion for going beyond the expected to forge relationships and deliver care that makes a difference. This approach rises from and is supported by our talented, ethical and smart team of employee owners united around a single purpose: to work alongside our customers and partners when they need us, in unexpected ways, with exceptional results. Apply today to make a difference with us. 

RLI is a Glassdoor Best Places to Work company with a strong, successful background. For decades, our financial track record has been stellar — a testament to our culture and validation of our reputation as an excellent underwriting company. Our insurance subsidiaries are rated A+ “Superior” by AM Best company and A “Strong” by Standard & Poor’s. Check out our strong financial track record here.

Position PurposeUnder general management, supports the administration of the company’s financial accounting function. Ensures the proper recording of expenses and other transactions. Prepares monthly, quarterly and annual financial statements, along with other internal or external financial packages. May implement new accounting guidance to ensure compliance with statutory or GAAP accounting standards, help lead the annual budget process, or assist in the expense allocation process. Provides financial analysis and support for internal and external contacts. Manages and oversees special projects as assigned.Principal Duties & Responsibilities

  • Generates financial statements monthly, quarterly, and annually, while meeting external filing deadlines and requirements.
  • Responsible for implementing new accounting guidance to ensure compliance with statutory or GAAP standards. 
  • Coordinates and prepares schedules and exhibits for external filings.
  • Provides variance, root cause, and financial analyses for internal and external contacts.
  • Use fact-based and forward-looking perspectives to identify emerging issues and current trends. Drives process improvements and ensures consistency of processes across the department. 
  • Act as a mentor and help guide lower level financial accountants on the team.
  • Leads in special projects and other duties as needed. 

Education & Experience

  • Requires a bachelor’s degree in accounting or a related field; CPA preferred
  • 1-6+ years of related experience
  • [OR] equivalent level of education and experience

Knowledge, Skills, & Competencies

  • Ability to use analytical methods in accounting processes to understand relationships, check facts, and find creative yet workable solutions.
  • Ability to communicate findings and recommendations to management on accounting matters, both task oriented and project based.
  • Ability to exercise sound judgment in making critical decisions.
  • Ability to research complex issues and communicate findings and recommendations to management on accounting matters.
  • Ability to adhere to processes and controls.
  • Ability to provide leadership and guidance to others within the accounting department.

Personal & Professional GrowthRLI encourages its employees to pursue professional development work in insurance and job-related areas. We make a commitment to employees to provide educational opportunities that help them enhance their skills and further their career advancement. RLI fosters a true learning culture and encourages professional growth through insurance courses, in-house training and other educational programs. RLI covers the cost for most programs and employees typically earn a bonus upon successful completion of approved courses and certifications. Our personal and professional growth benefits include:

  • Nationwide employment opportunities
  • Training & certification opportunities
  • Tuition reimbursement
  • Education bonuses

Diversity & InclusionOur goal is to attract, develop and retain the best employee talent from diverse backgrounds while promoting an environment where all viewpoints are valued and individuals feel respected, are treated fairly, and have an opportunity to excel in their chosen careers. We actively support, and participate in, initiatives led by the American Property Casualty Insurance Association that aim to increase diversity in the insurance industry. Cultivating an exceptional and diverse workforce to deliver excellent customer service reinforces our culture and is a key to achieving superior business results.RLI is an equal opportunity employer and does not discriminate in hiring or employment on the basis of race, color, religion, national origin, citizenship, gender, marital status, sexual orientation, age, disability, veteran status, or any other characteristic protected by federal, state, or local law.Total RewardsAt RLI, we're all owners. We hire the best and the brightest employees and allow them to share in the company's success through our Total Rewards. With the Employee Stock Ownership plan at its core, the Total Rewards program includes all compensation, benefits and perks that come with being an RLI employee. Financial Incentives

  • Employee stock ownership plan (ESOP)
  • 401(k) — automatic 3% company contribution
  • Annual discretionary 401k and ESOP profit-sharing contribution (up to 15% of base salary)
  • Annual bonus plans

Work & Life

  • Paid time off (PTO) and holidays
  • Paid volunteer time off (VTO) to support our communities
  • Parental and family care leave
  • Flexible & hybrid work arrangements
  • Fitness center discounts and free virtual fitness platform
  • Employee assistance program

Health & Wellness

  • Comprehensive medical, dental and vision benefits
  • Flexible spending and health savings accounts
  • 2x Base Salary for Group Life and AD&D insurance
  • Voluntary life insurance for purchase
  • Critical Illness & Accident insurance
  • Short-term and long-term disability benefits

Top Skills

Accounting
The Company
HQ: Peoria, IL
1,129 Employees
Hybrid Workplace
Year Founded: 1965

What We Do

RLI is a U.S.-based specialty insurer that serves niche property, casualty and surety markets. We provide peace of mind to the customers we serve by safeguarding their assets and helping them manage risk. We hire smart, ethical people, make them owners of the business and give them the freedom to succeed. These are the principles that drive our success, and they’re the reasons we have been successful for more than 50 years.

We believe in a different way of doing business and RLI is not what you’d expect from a typical insurance company. Our creative and collaborative workplace is cultivated by employee owners empowered to make good decisions for customers and the business.

We have a reputation for niche expertise, superior service and an entrepreneurial culture. In the industry and among our peers, we’re known for:

The best and brightest people in the industry who build strong relationships and provide outstanding service.

An underwriting focus so we perform well in all market cycles.

Our empowered, creative ownership culture.

A customized approach to developing insurance products to meet very specific needs.

Proven financial strength.

Similar Jobs

Morningstar Logo Morningstar

Senior Accountant

Enterprise Web • Fintech • Financial Services
Hybrid
Chicago, IL, USA
12700 Employees

Fulcrum GT Logo Fulcrum GT

Senior Accountant

Cloud • Legal Tech • Software
Hoffman Estates, IL, USA
501 Employees

Formic Logo Formic

Staff Accountant / AP Specialist

Internet of Things • Robotics • Software
Chicago, IL, USA
63 Employees
70K-100K Annually
Chicago, IL, USA
4615 Employees

Similar Companies Hiring

Flume Health Thumbnail
Software • Insurance • Healthtech
US
22 Employees
Spark Advisors Thumbnail
Software • Sales • Other • Insurance • Healthtech
New York, NY
73 Employees
MassMutual India Thumbnail
Insurance • Information Technology • Fintech • Financial Services • Big Data
Hyderabad, Telangana

Sign up now Access later

Create Free Account

Please log in or sign up to report this job.

Create Free Account