Finance Associate
About the job
- A bachelor's degree in accounting or another business-related field from an accredited institution is required.
- At least 2 years of financial or accounting experience in a corporate environment is required; insurance industry experience is preferred.
- Proficiency in Excel, Access, and Power BI, and exposure to artificial intelligence capabilities are required.
- Advanced proficiency with Microsoft suite of products is required.
- Strong oral and written communication, organizational skills, integrity, follow-through, collaborative ability, and customer service orientation are expected.
- Ability to analyze information, solve problems, interpret data, document findings clearly, and learn complex accounting concepts is expected.
- Compile and analyze financial information to prepare expense-account entries and complete corresponding reconciliations.
- Prepare balance sheet account reconciliations.
- Analyze expense variances to budget and changes throughout the year, both in total and by department.
- Review, investigate, and correct errors and inconsistencies in financial entries, documents, and reports; work with the IT team to resolve data inconsistencies.
- Monitor the corporate Monthly Close dashboard for red lights and work with other Berkley accounting staff to resolve intercompany charges.
- Prepare monthly and quarterly reinsurance accounting and reporting.
- Process reinsurance cash and premium adjustments in the FRS system.
- Assist with the monthly review of expense reimbursement submissions using the Chrome River database.
- Assist in the annual planning process, focusing on the annual expense budget, and prepare budget data uploads to Vena.
- Streamline existing manual processes by applying technology and analytics to improve business processes.
- Meet deadlines in accordance with closing dates set by management.
- Experience in the insurance industry is preferred.
About the company
W. R. Berkley provides commercial property and casualty insurance and reinsurance worldwide. It underwrites through two segments: Insurance with 53 operating units offering lines like excess and surplus, commercial auto, and workers’ compensation; and Reinsurance & Monoline Excess which writes reinsurance and excess policies for other insurers and self-insured entities. Revenue comes from premiums on insurance and reinsurance contracts and from investment income, supporting risk transfer and market capacity. The goal is to deliver steady underwriting results and financial returns for shareholders by serving a broad client base across many industries.
Company Size
N/A
Company Stage
IPO
Headquarters
Greenwich, Connecticut
Founded
1967
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Simplify's Take
What believers are saying
- Q2 2026 gross premiums written hit a record $4.1 billion, up year over year.
- AM Best upgraded W. R. Berkley on June 25, 2026 to 'a' and 'aa'.
- Berkley Meridian launched August 18, 2026, expanding construction, liability, and wholesale E&S distribution.
What critics are saying
- Berkley sued Trisura on June 30, 2026 over additional-insured defense wording.
- Reinsurance gross premiums fell in Q2 2026, exposing Berkley Re to pricing pressure.
- A major catastrophe or reserve shock can erase specialty-margin gains and pressure capital.
What makes W.R. Berkley unique
- 53 operating units underwrite niche commercial risks across 10 regions, preserving local pricing power.
- Berkley specializes in E&S and specialty commercial lines, not commoditized personal insurance.
- Decades of disciplined underwriting produced AM Best upgrades and 18.6% Q2 2026 ROE.
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Benefits
- Health Insurance
- Dental Insurance
- Vision Insurance
- Life Insurance
- Disability Insurance
- Wellness Program
- Paid Time Off
- 401(k) Retirement Plan
- Profit Sharing
- Annual Bonus Potential