Description:
ECLARO is looking for a Policy Accounting Consultant for our client in Overland Park, KS.
ECLARO's client is one of the largest mutual life insurance companies and provides long-term care insurance, mutual funds and retirement-plan services across the US. If you’re up to the challenge, then take a chance at this rewarding opportunity!
Position Overview:
- The Policy Accounting Consultant will support the Policy Accounting team, which is responsible for the oversight, reconciliation, certification, and reporting of daily, monthly, and annual policy accounting activity.
- The ideal consultant is highly organized, detail-oriented, and analytical, with strong reconciliation experience and a demonstrated ability to work collaboratively across teams.
- This role will assist with daily accounting processes, month-end close activities, audit support, reporting, and special projects.
Responsibilities:
- Daily Reconciliation and Accounting Activities:
- Run Tableau reports and review policy-level accounting activity for completeness and accuracy by performing daily reconciliations for the following: Premiums, Separate Account Activity, Units, Commissions, NACHA Transactions, Loan Payments.
- Update and validate asset-based service fee payments maintained in a Microsoft Access database.
- Maintain the audit log for policy disbursements, including Surrenders, death claims, withdrawals and loans.
- Research reconciliation differences and work with appropriate business partners to resolve outstanding items.
- Ensure reconciliation results, explanations, and supporting documentation are complete and maintained in accordance with audit requirements.
- Assist Policy Accounting team members with special projects and other accounting activities as needed.
- Month-End Close Activities:
- Prepare general ledger journal entries.
- Upload journal entries to the SAP general ledger accounting system.
- Reconcile monthly balance sheet accounts, including surrender clearing and Death Course of Settlement.
- Prepare and distribute scheduled accounting and operational reports.
- Support the timely and accurate completion of month-end close requirements.
Required Skills:
- Experience with debit and credit transactions and a strong understanding of accounting principles.
- Proven account reconciliation experience, with the ability to identify and resolve discrepancies accurately and efficiently.
- Ability to work effectively in a collaborative team environment while maintaining strong independent work habits.
- Demonstrates curiosity, initiative, and adaptability, with the capability to learn new processes and take on additional responsibilities as needed.
- Reliable team player who can cross-train and provide coverage for colleagues during PTO and other absences, ensuring continuity of operations.
- Strong reconciliation, analytical, and problem-solving skills.
- Advanced Microsoft Excel skills.
- Insurance, life insurance, or policy accounting experience is a plus.
- Strong attention to detail and organizational skills.
- Ability to manage multiple priorities and meet established deadlines.
- Ability to work independently while contributing effectively in a team environment.
- Strong written and verbal communication skills.
If hired, you will enjoy the following ECLARO Benefits:
- 401k Retirement Savings Plan administered by Merrill Lynch
- Commuter Check Pretax Commuter Benefits
- Eligibility to purchase Medical, Dental & Vision Insurance through ECLARO