"Our Company provides a state of predictability which allows brokers and agents to act with confidence."
Founded in 1967, W. R. Berkley Corporation has grown from a small investment management firm into one of the largest commercial lines property and casualty insurers in the United States.
Along the way, we’ve been listed on the New York Stock Exchange, become a Fortune 500 Company, joined the S&P 500, and seen our gross written premiums exceed $10 billion.
Today the Berkley brand comprises more than 50 businesses worldwide and is divided into two segments: Insurance and Reinsurance and Monoline Excess. Led by our Executive Chairman, founder and largest shareholder, William. R. Berkley and our President and Chief Executive Officer, W. Robert Berkley, Jr., W.R. Berkley Corporation is well-positioned to respond to opportunities for future growth.
In April 2017, W. R. Berkley Corporation celebrated the 50th anniversary of its founding.
• For Berkley Insurance Company (BIC) and its 28 subsidiaries, assist in the accurate preparation and
timely filing of all statutory reporting requirements including:
o Annual, quarterly and supplemental reports and electronic filings with the NAIC.
o Completion of Management Discussion and Analysis.
o Supplemental NAIC filings, including: Insurance Expense Exhibit, Supplemental Investment Risk Interrogatories, Supplement A to Schedule T, Director and Officer Insurance Coverage Supplement, Accident and Health Policy Experience Exhibit and other supplements required by the NAIC statement instructions
o AM Best annual and quarterly filings
• On a monthly basis, reconcile intercompany accounts for all statutory legal entities administered by BFINS.
• On a quarterly basis, reconcile investment schedules to legal entity general ledger accounts for BIC and its subsidiaries.
• On a quarterly basis, perform analysis of legal entity balance sheet accounts to identify unusual variances
for all subsidiary companies administered by BFINS.
• On a quarterly basis, prepare statutory journal entries including: non-admit assets, affiliate gross up and affiliate common stock valuation journal entries.
• On a quarterly basis, prepare and accumulate data requests from the company’s profit centers.
• Perform Schedule F verification upload procedures for BIC and its subsidiaries administered by BFINS.
• Develop SmartView reports, as requested, to facilitate: the identification and correction of irregularities
during the statutory compilation and reporting process and add efficiencies to the statutory reporting
process.
• On a quarterly basis, perform SOX and MAR compliance testing as relates to the shared service area.
• Maintain existing SmartView reports that facilitate analysis and reporting with internal stakeholders.
• Provide appropriate supporting documents in a timely and responsive manner for state financial exams or
audits, as requested.
• Identify and resolve reporting issues on state pages, as needed.
• Complete Affiliated Investment filings with the NAIC.
• Record and reconcile operating results by accident year for the company’s non-voluntary reinsurers.
• Other assignments and responsibilities as assigned.
• Minimum 2 years equivalent experience.
• Detail Oriented.
• Excellent written and oral communication skills.
• Knowledge of accounting rules, regulations, policies and procedures that is reflective of the financial services industry.
• Proven, solid Microsoft Excel skills and exposure to automated general ledger systems (PeopleSoft a plus)
• Ability to meet deadlines promptly.
• Ability to quickly adapt and learn new technologies/systems.
• Ability to communicate with all levels of associates, attention to detail and initiative
• Strong analytical and problem-solving skills
The Company is an equal employment opportunity employer.
Education Requirement
• Bachelor Degree in Accounting from four-year college or university; two to five years accounting
experience; property and casualty or public accounting experience preferred.
• CPA preferred
• Advanced skills in Excel, Hyperion and Smartview reporting with the ability to analyze results
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