Policy Accounting Associate

: Job Details

Description

The Policy Accounting Associate monitors Policy Administration suspense accounting activity, reconciles commission activity, journal entries, and analyze/reconcile balances and activity produced by company systems with reports received from the Financial Reporting. This individual coordinates steps required to process incoming daily checks and deposits, reconciling multiple systems to banking deposits balances and applying premium deposits within company systems while maintaining business expectations.

Essential Duties and Responsibilities:

• Monitors financial reporting data for accuracy of the daily feeds coordinated with Financial Reporting.
• Analyzes and reconciles balances and activities produced by Policy Administration systems with amounts recorded in the general ledger.
• Researches and reviews outstanding suspense account balances and account values and work with appropriate department for resolution.
• Assists in the development of management reports and monthly reconciliation reports.
• Assists the Business Analyst as a Policy Administration liaison with Information Technology.
• Coordinates changes requested by Policy Administration.
• Collaborates with the Business Analyst in designing and modifying workflows to include intelligence and the integration into Policy Administration Systems. Responds to and resolves customer service requests as needed.
• Actively participates in identifying ways to automate current processes to increase efficiencies and controls in Policy Administration to guarantee reliability of financial results.

• Works with Financial Reporting on coordinating and preparing supporting documentation for annual audit reports and serves as the liaison with state insurance examinations and audits, both internal and external, by providing supporting records.
• Monitors, Reviews and Processes Stop Pay / Void requests through collaboration with Treasury.
• Completes daily review of outgoing distributions to ensure accuracy on new transactions. Submits communication for release approval to Treasury and Management Teams.
• Reviews and interprets all paperwork, exercises good judgement and decision making for requesting exceptions. Follows through with solid communication to other departments regarding exceptions or changes in procedures.
• Assists in reviewing payments for necessary information including proper payee, signature and endorsement and prepares checks for entry into Daily Log, OnBase and SEG Systems.
• Assists with generating tapes, balancing and reconciling of Daily Log to Bank Account and SEG Systems.
• Processes outgoing refund transactions.Processes incoming loan payments and applies additional premiums to accounts.
• Leads by example and provides a positive influence within the department.
• Helps to ensure an adequate internal control system remains in place to guarantee reliability of financial results.
• Supports the Policy Administration team and/or other departments on an as needed basis.
• Willing takes on additional responsibilities as requested in order to accomplish department and Company objectives.
• Actively participates and contributes to the goals and objectives of the Company by working collaboratively and fostering a positive and inclusive work environment.

Skills and Abilities:

• Must have strong mathematical, analytical, organizational and problem solving skills with attention to detail
• Effective communication and presentation skills, both verbal and written.

• Ability to prioritize workflows, establish and meet deadlines and manage multiple concurrent tasks.

• Strong computer skills and the ability to navigate multiple systems and programs including MicroSoft Office, proprietary systems and other technology solutions.
• Excellent interpersonal skills are required, including a high degree of professionalism

• Ability to work effectively in a variety of situations and respond to change in a positive manner.
• Carries out responsibilities in a manner that is consistent with EquiTrust's Core Values and focus on customer service; helps to create an environment of openness and trust for all employees and strives for continued professional skills development.

Training or Work Experience:

• Minimum 2 years of banking or financial processing experience required.
• Knowledge of industry administration accounting and related financial reporting data for accuracy of the daily feeds coordinated with the Financial Accounting team preferred.

Education:

• High School Diploma or Equivalent

Working Conditions:

• On-Site Location: West Des Moines, Iowa.
• Business Travel: Travel not required/likely.

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EquiTrust is an Equal Opportunity Employer and participates in the U.S. Federal E-Verify program. Applicants have rights under federal and state employment laws. To learn more, visit