Senior Accountant RRG

Responsible for preparing journal entries, reconciliations, general ledger review, and financial reporting for the RRG, including reserve analysis and investment accounting. Prepares Annual and Quarterly financial statements for LAMMICO RRG, as well as the filing of all regulatory reports with the appropriate state agencies, and the Annual Budget. Performs a review and analysis of annual reinsurance and premium activity. Oversees the accounting functions and Annual Budget for Medical Interactive (MI) Community. Provides general supervision to accounting assistants.

Reports directly to the VP of Finance & Controller

• Works in a cooperative manner with management, coworkers, customers, and vendors; seeks to support  LAMMICO’s mission and vision in daily operations
• Contributes to the development of the department’s strategic and operating planning and meets assigned target dates and objectives; helps ensure that department quality, service and productivity standards are met
• Coordinates with outside investment advisors and accountants to review all investment related journal entries for the preparation of regulatory filings, Quarterly and Annual Statement work papers, and audit work papers
• Prepares miscellaneous regulatory filings and reports to third party agencies
• Prepares journal entries required for the LAMMICO RRG.
• Prepares Annual Budget for RRG and MI work papers and works with Controller and CFO to analyze and prepare budget graphs to be presented to the Investment and Budget Committee
• Reviews budget accounts prepared by other departments
• Prepares financial reports in reporting software that are needed by Controller and CFO
• Attends as needed,  Investment & Budget Committee (usually 5 scheduled per year) and Audit Committee meetings (usually 5 scheduled per year)
• Prepares all necessary schedules and statement for Quarterly/Annual Statement for the LAMMICO RRG
• Prepares  Management’s Discussion & Analysis for the LAMMICO RRG
• Prepares miscellaneous reconciliations, analyses and graphs as needed
• Prepares insurance financial reports using software and completing projects to ensure compliance with federal, state, and other regulatory reporting requirements
• Conducts monthly and yearly variance analysis
• Reviews the subsidiary’s operating payables for appropriate account coding for the LAMMICO RRG and MI
• Prepares deductible billings
• Develops accounting procedures for LAMMICO RRG and MI and oversees all accounting functions
• Evaluates manual and automated financial accounting work processes, systems, and procedures for efficiency of workflow and conformance to principles of accounting
• Coordinates with outside actuarial consultants, by providing  claim data and assisting in claim and reserve analysis necessary for financial reporting for the RRG
• Responsible for working with outside auditing firm for the annual audit of the RRG
• Prepares quarterly reinsurance entries and reinsurance reconciliations
• Works with reinsurance broker on resolving any reinsurance issues
• Maintains reinsurance treaties in software
• Responsible for updating all internal control memos used by outside auditors as it relates to all areas of the RRG
• Responsible for working with state examiners for the tri-annual state examination
• Provides general supervision to accounting assistants
• Responsible for training VPs on the use of the reporting software for quarterly budget to actual analysis
• Responsible for training and questions on report writing of the Senior Accountants
• Responsible for monitoring NILS InSource for state statute and insurance regulatory changes that affect financial regulatory filings
• Responsible for maintaining reinsurance system software
• Assist with testing of operational systems used by the accounting department

• Other responsibilities and special projects as assigned
• Attends and participates in staff meetings
• Serves on in-house committees for the Finance Department, as needed

• Bachelor’s Degree in Accounting and CPA required
• Four years of experience in the area of specialty (accounting or auditing)
• Strong customer focus and team orientation
• Ability to appropriately handle confidential and sensitive company information
• Commitment to continuing industry and individual functional education
• Strong decision making skills
• Excellent communication skills with the ability to interact and work effectively with employees at all levels within the organization
• Ability to manage time, set priorities and work independently; ability to organize, analyze, and interpret information
• Proficiency in the use of Microsoft Office Programs

• Insurance industry experience
• One to two years public accounting experience
• Experience with Workday and Adaptive