POSTION SUMMARY:

Prepare financial statements for Insurance entities including accounting schedules and other management reports. Perform analysis of activity within businesses and serve as a point person with the business units. Responsible for premium and loss related accounting including reinsurance and related analysis and reporting.

PRIMARY DUTIES

• Insurance Accounting
  • Process & support for premium & loss system.
  • Perform reinsurance accounting and related entries for assigned reinsurance contracts.
  • Prepare statutory or state-related insurance filings.
  • Prepare underwriting analytical reports
• Preparation of regulatory filings and support regulatory and rating analysis, including
  • NAIC Annual statement, including Schedule P and F
  • NAIC Quarterly statement
• Financial reporting preparation and analysis
  • Account reconciliations and review of account reconciliations submitted
  • Preparation of financial reporting entries and other correcting or adjusting entries as necessary
  • Preparation of financial statements and documentation of variance analysis/business impact on financial results
  • Research and analysis of business trends and performance measures for business units
  • Draft Treasurer’s report template
• Prepare and provide support for external auditors
• Budgeting support to Business Units (BU)
  • Provide support to BU managers to facilitate budget development.
  • Input A&F information to budgets.
  • Review BU budgets.
  • Incorporate VFB management input and changes to budgets.

ADDITIONAL DUTIES

• All other duties as assigned by Assistant Director of Financial Reporting.

MINIMUM EDUCATIONAL/EXPERIENCE QUALIFICATIONS

• BS degree in accounting or finance or equivalent work experience
• Minimum 3 years financial reporting and analysis experience
• Minimum 3 years insurance industry experience

MINIMUM SKILL QUALIFICATIONS

• Previous statutory accounting experience
• Property and casualty insurance and reinsurance knowledge
• Ability to analyze ledger accounts and prepare journal entries
• Ability to draft and interpret financial reports and results
• Good understanding of basic accounting principles, GAAP and SSAP
• Ability to work effectively with minimal supervision
• Strong proficiency with Microsoft Office Suite (Excel required)
• Strong analytical skills with solid business and financial acumen
• Strong ability to logically solve problems
• Excellent oral and written communication skills
• Proven ability to work effectively independently and in a team environment
• Good organization skills (prioritize, multi-task, and able to meet strict deadlines)

PREFERRED QUALIFICATIONS

• 5-10 years of experience in financial accounting and reporting.
• 5-10 years of experience in insurance industry.

• Previous experience with Microsoft Access.
• Previous experience with NetSuite.

At VA Farm Bureau, we provide an exceptional benefits package, including ongoing job development and support in all roles, paid training and continuing education reimbursement, medical and dental insurance available on your first day, generous employee 401K contribution, excellent Paid Time off (PTO) plan and more!

Virginia Farm Bureau Companies provide equal employment opportunity in all aspects of employment without regard to race, color, national origin, religion, gender, pregnancy, age, disability, orientation or veteran status.

VAFB supports compliance with COVID-19 protocols.