POSITION SUMMARY
The Staff Accountant will maintain financial procedures and record financial transactions for assets, liabilities, income and expenses. The Staff Accountant also ensures financial compliance through preparation of reports and financial statements.
PRINCIPAL DUTIES & RESPONSIBILITIES
• Prepare, process and post journal entries timely and accurately.
• Assure that financial accounts are reconciled timely and accurately.
• Support timely and efficient month-end, quarter-end, and year-end close processes.
• Perform account analysis to identify and explain variances.
• Maintaining proper documentation and filing of supporting documents, including approvals.
• Assist with internal and external audit requests.
• Liaise with the bank and other parties as required.
• Perform backup duties within the department as required.
SPECIFIC DUTIES & RESPONSIBILITIES (STAFF ACCOUNTANT I) – PREMIUM ACCOUNTING
• Prepare, process, and reconcile daily and monthly accounts receivable journal entries.
• Process daily accounts receivable pending (suspense and unidentified payment) items ensuring appropriate application to policies and unapplied funds are returned to customers timely.
• Review, recommend and process accounts receivable items for collections per FAIR Plan policies.
• Assists with the design, testing and implementation of billing processes that ensure timely and accurate billing of customers.
• Perform user acceptance testing of billing functionality for system releases using pre-defined test plans and scripts to identify defects. Follows uniform testing procedures. Documents results and uses designated systems and tools to track and communicate outcomes. Performs follow-up rounds of testing as needed.
• Investigates and resolves billing system discrepancies and errors.
• Collaborate and communicate with other departments to ensure billing accuracy.
• Ensures that invoices accurately reflect terms and conditions agreed to by the organization and comply with Department of Insurance rules and regulations.
• Identify and recommend opportunities for improvements to billing policies and procedures.
• Prepare and present analytical reports to identify trends, inefficiencies, delinquent accounts, and other relevant metrics.
• Monitor billing invoices and forms generation cycles and alert management of failures.
• Responsible for ad hoc customer billing and responding to customer inquiries regarding bills.
EDUCATION & EXPERIENCE
• Bachelor’s degree or equivalent in Accounting or related field.
• 0 to 3 years of relevant work experience. (Staff Accountant I).
• Knowledge of systems and processes related to treasury and financial management.
• Strong analytical and problem-solving skills.
• Strong attention to detail and ability to operate with a high degree of accuracy.
• Strong initiative, organizational skills and ability to self-manage while remaining flexible to changing tasks and priorities.
• Excellent Typing skills and 10 Key by touch.
• Microsoft Office suite experience required; strong Excel skills preferred.
• Microsoft Dynamics GP experience preferred.
• Insurance background a plus.
Skills Required
- Bachelor's degree or equivalent in Accounting or related field
- 0 to 3 years of relevant accounting work experience
- Knowledge of treasury and financial management systems and processes
- Strong analytical and problem-solving skills
- Strong attention to detail and high degree of accuracy
- Strong initiative, organizational skills and ability to self-manage
- Excellent typing skills and 10 Key by touch
- Microsoft Office suite experience
- Strong Excel skills
- Microsoft Dynamics GP experience
- Insurance industry background
What We Do
The California FAIR Plan is a private association comprised of all insurers authorized to write property insurance in California. The FAIR Plan was established in July 1968 following the 1960s brush fires and riots as the state’s insurer of last resort, created to ensure access to basic property insurance for California homeowners who have been unable to obtain homeowners insurance from the voluntary market for reasons outside of their control. The FAIR Plan will write fire insurance coverage for these homeowners, regardless of a property’s wildfire risk. The FAIR Plan is committed to strengthening consumer choices in the voluntary insurance market, while ensuring that all homeowners, including those who live in areas threatened by wildfires, can obtain basic property coverage and the peace of mind they deserve
