Full-Time

Leader in Training

Staff Accountant

Posted on 9/16/2024

Core Specialty

Core Specialty

Food & Agriculture
Financial Services
Healthcare

Entry

No H1B Sponsorship

Cincinnati, OH, USA

Hybrid position requiring in-office presence.

Category
Budget Analysis
Financial Accounting
Financial Analysis
Management Accounting
Accounting
Requirements
  • Bachelor’s degree in Accounting, Finance, or related field, CPA eligible preferred
  • 0 to 3 years accounting experience, preferably in insurance industry
  • Familiarity with US GAAP reporting
  • Proficiency with Microsoft Office Suite
  • Experience with General Ledger Accounting System preferred
  • Advanced Excel/spreadsheet skills including pivot tables and complex formulas
  • Must have good working knowledge of US GAAP accounting
  • Excellent analytical and organizational skills
  • Ability to work independently and manage time effectively
Responsibilities
  • Monitor daily investment activity within the investment accounting tool, Clearwater
  • Prepare monthly investment reconciliations, including custodian, Clearwater and Workday reconciliations
  • Prepare and post monthly investment journal entries on a GAAP and statutory basis for four insurance companies
  • Prepare monthly pricing and fair value levelling review for all securities
  • Prepare monthly investment expense accruals
  • Prepare daily summary of investment activity
  • Prepare weekly investment report
  • Prepare monthly investment report
  • Prepare various adhoc analysis of the investment portfolio for management as requested
  • Assist in the monitoring of actual investment expenses to planned expenses
  • Assist in the maintenance of other invested assets schedule and related reporting
  • Assist in the integration of Clearwater and Workday
  • Assist in the quarterly preparation of the investment material for the Finance Committee, Risk Committee and Board of Directors
  • Prepare quarterly and annual GAAP reporting of investments within the consolidated financial statement, investor supplement and any future reports utilized by management
  • Prepare quarterly and annual STAT reporting of investments within the yellow books, statutory financial statements, and various statutory exhibits
  • Prepare various compliance reporting of investment holdings for state insurance departments
  • Prepare investment data for AM Best reporting
  • Assist in the coordination amongst various banks and state insurance departments for necessary investment transactions and account maintenance
  • Support internal and external audit requests related to the investments area
  • Maintain procedural documentation for assigned responsibilities

Company Stage

M&A

Total Funding

N/A

Headquarters

Cincinnati, Ohio

Founded

2020

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for digital insurance platforms boosts Core Specialty's innovation in policy management.
  • Rising cyber threats create opportunities for Core Specialty to expand cyber insurance offerings.
  • Mergers and acquisitions trend enhances Core Specialty's market share and efficiency.

What critics are saying

  • Competition from Corvus Insurance may impact Core Specialty's tech and cyber market share.
  • Technology failures in the AllDigital partnership could expose Core Specialty to cyber risks.
  • Integration challenges from the Lancer merger may disrupt Core Specialty's operations.

What makes Core Specialty unique

  • Core Specialty's digital platform enhances efficiency in the U.S. small private company market.
  • The merger with Lancer Insurance expands Core Specialty's market share and operational capabilities.
  • Partnership with AllDigital enables fast policy issuance using low-touch technology.

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