Berkley Accident and Health is a risk management company that designs innovative solutions to address the unique challenges of each client. With our entrepreneurial culture and a strong emphasis on analytics, we can help employers better manage their risk. We offer a broad range of products, including employer stop loss, benefit captives, provider stop loss, HMO reinsurance, and specialty accident. The key to Berkley’s success is our nimble approach to risk – our ability to quickly understand, think through, and devise a plan that addresses each client’s challenges, coupled with the strong backing of a Fortune 500 company. Our parent company, W. R. Berkley Corporation, is one of the largest and best managed property/casualty insurers in the United States.

 

This role will be based in our Hamilton Square, NJ office.  We offer a hybrid work schedule with 4 days in the office; and 1 day remote where it makes sense to do so.

#LI-AV1 #LI-HYBRID

The Company is an equal employment opportunity employer.

 

As a Premium Accountant, you'll be responsible for accounting and reporting related to the Company’s direct insurance business activities.  We'll trust you to perform a variety of daily, monthly, and quarterly accounting and financial reporting activities.

 

What you can expect:

• Culture of innovation, teamwork, supportive colleagues and leaders willing to invest in talent
• Internal mobility opportunities 
• Visibility to senior leaders and partnership with cross functional teams
• Opportunity to impact change
• Benefits – competitive compensation, paid time off, comprehensive wellness benefits and programs, employer funded health savings account, profit sharing, 401k, paid parental leave, employee stock purchase plan, tuition assistance and professional continuing education

We'll count on you for:

• Participation in the Company’s monthly, quarterly and year-end accounting closings. 
• Daily maintenance of cash books for the business unit’s depository bank accounts.
• Month-end reconciliation of cash books to the OPUS and DY Systems’ cash receipt registers and bank statements. 
• Recording and balancing of all Special Risk insurance transactions into the general ledger.  This would include all direct insurance transactions from the OPUS source system as well as all other insurance business reported into Berkley from the Special Risk segment’s various program administrators.
• Recording of paid claims into the general ledger from the Company’s third-party administrators.  Preparation of the Positive-Pay reconciliation.
• Recording of stop loss premium into the David Young system.
• Prepares a variety of schedules, account analyses, and reconciliations to support financial activities and account balances reported in the general ledger. 
• Monthly production and distribution of list billing statements to brokers for premiums currently due. Application of cash receipts to policyholder accounts in OPUS system.  Preparation of monthly AR aging reports for distribution to brokers in pursuit of overdue premiums.  Production commission expense checks through PeopleSoft® accounting system.
• Provide support to the Finance team related to a variety of activities and special projects as may be required from time to time.
• Establish and maintain positive working relationships with management, finance team members and all other company employees to further the company’s mission.

What you need to have:

• Bachelors degree
• Solid analytical and problem solving skills with a good understanding of internal controls.
• Exhibits strong interpersonal skills.
• Excellent organizational skills, with strong ability to multi-task.
• Proficiency with Microsoft Excel and general ledger software.  
• Strong oral and written communication skills.

What makes you stand out:

• 3 three years of relevant insurance industry accounting experience preferred.
• Bachelors degree in accounting degree preferred
• Experience with PeopleSoft and Oracle financial applications a plus.

We do not accept any unsolicited resumes from external recruiting agencies or firms.

The company offers a competitive compensation plan and robust benefits package for full time regular employees which for this role include:

• Base Salary Range: $55-65k
• Benefits: Health, Dental, Vision, Life, Disability, Wellness, Paid Time Off, 401(k) and Profit-Sharing plans.

The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.

Sponsorship not Offered for this Role