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Full-Time

Leader in Training

Staff Accountant

Confirmed live in the last 24 hours

Core Specialty

Core Specialty

Healthcare
Financial Services
Food & Agriculture

Entry, Junior

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
  • 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

N/A

Simplify Jobs

Simplify's Take

What believers are saying

  • The upgrade in credit ratings by AM Best reflects Core Specialty's strong financial health and stability.
  • Investment in Gramercy Risk indicates a commitment to expanding their portfolio and diversifying risk.
  • The partnership with AllDigital Specialty enables Core Specialty to offer efficient and competitive digital solutions, potentially increasing market share.

What critics are saying

  • The integration of acquired companies like Lancer Insurance could pose operational challenges and cultural mismatches.
  • Focusing on niche markets may limit growth opportunities compared to more diversified insurers.

What makes Core Specialty unique

  • Core Specialty's strategic partnerships, such as with AllDigital Specialty, leverage low-touch/no-touch technology to streamline operations, setting them apart in the insurance market.
  • The company's focus on niche markets like small to medium-sized private and nonprofit organizations allows it to cater to specific needs that larger insurers might overlook.
  • Recent mergers and acquisitions, including the merger with Lancer Insurance Company, enhance Core Specialty's market presence and operational capabilities.