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W.R. Berkley

Commercial insurance underwriting, reinsurance, and investments

Senior Accountant

Financial AccountingUpdated on Nov 11
Full-time

About the Job

Requirements

  • A four-year college degree in accounting or business is required.
  • Accounting experience working in the insurance industry is required.
  • Proficiency with personal computers, including experience in Word, Excel, and accounts payable/general ledger systems, is required.
  • Excellent communication and interpersonal skills are required.
  • Strong organizational skills and the ability to work with minimal supervision are required.

Responsibilities

  • Perform accounting tasks related to the efficient maintenance and processing of general ledger transactions.
  • Prepare and post assigned monthly journal entries, including cash activity, direct/assumed/ceded premiums and losses, expense accruals, inter-company expenses, and expense allocations.
  • Prepare and distribute the monthly budget variance report.
  • Prepare and reconcile reinsurance accounting entries and accounts for premiums and loss activity.
  • Maintain the fixed asset system and post monthly depreciation expense.
  • Perform monthly bank, intercompany, and other account reconciliations.
  • Provide support for statistical reporting requests as required.
  • Produce, analyze, and distribute monthly reports and reconciliations, including the storm report, LAE summary report, accrual report, and investment allocations.
  • Assist in processing and analysis of agent incentive contracts and agent profit-sharing payments.
  • Assist in the annual budgeting process.
  • Assist in Sarbanes-Oxley testing.
  • Administer the unclaimed property system and provide required reporting to appropriate state agencies.
  • Complete other duties as assigned by the Controller or CFO.

About the Company

W.R. Berkley

Commercial insurance underwriting, reinsurance, and investments

W. R. Berkley Corporation underwrites commercial property and casualty insurance and provides reinsurance globally. It operates two segments: Insurance, with 53 units worldwide and lines such as excess and surplus, commercial auto, and workers’ compensation; and Reinsurance & Monoline Excess, offering reinsurance and excess coverage to other insurers and self-insured entities. It earns money from premiums and from its investment portfolio. The company differentiates itself with a broad multinational underwriting platform and a dual focus on underwriting profitability and investment management, serving clients from small businesses to large corporations across many industries. Its goal is to deliver risk transfer and financial protection to customers while generating steady underwriting results and investment returns for shareholders.

Company size
Not listed
Company stage
IPO
Headquarters
Greenwich, CT
Founded
1967

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