Staff Accountant-MGA

Staff Accountant-MGA

Chicago, Illinois

Superior Insurance Partners is a rapidly growing insurance brokerage platform specializing in commercial lines, personal lines, and employee benefits solutions for businesses and individuals across the United States. Through strategic acquisitions and long-term partnerships with leading independent agencies, Superior has built a strong presence throughout the Midwest and Eastern U.S.

At the core of Superior's approach is its mission: to improve the lives of its Agency Partners by supporting their personal, professional, and financial goals. Rather than applying a one-size-fits-all model, Superior develops customized growth strategies tailored to each partner agency's unique vision and objectives. Agency partners gain access to a robust shared-services platform that includes accounting and finance, recruiting, human resources, AMS/IT support, marketing, and M&A expertise — allowing local agencies to maintain their entrepreneurial culture while benefiting from the scale, resources, and best practices of a larger organization. Long-term economic alignment ensures partners remain invested in the collective success and growth of the platform.

Superior Insurance Partners is backed by Tyree & D'Angelo Partners ("TDP"), a leading Chicago-based private equity firm focused on investing in and partnering with lower middle-market businesses. TDP companies have completed over 1,000 partnerships, have grown to over $4 billion of enterprise value, and TDP has over $1.4 billion of capital under management.

Position Summary

The Staff Accountant will play a critical role in supporting the financial operations of a growing Managing General Agency (MGA). This individual will be responsible for managing daily accounting activities, premium and claims bordereaux reconciliations, financial reporting, vendor management, and process improvement initiatives. The ideal candidate is highly organized, detail-oriented, thrives in a fast-paced environment, and possesses strong accounting and analytical skills.

Key Responsibilities

Accounting Operations

• Track, update, and record daily banking activity.
• Process, record, and reconcile incoming deposits.
• Reconcile monthly bank statements and general ledger accounts.
• Enter and process vendor invoices, including collection and maintenance of W-9 documentation.
• Review and process employee expense reports.
• Prepare and post journal entries.
• Manage and issue annual 1099 filings.
• Reconcile various balance sheet and income statement accounts as needed.

MGA Accounting & Reporting

• Prepare and submit premium bordereaux payments to Lloyd's and other carrier partners.
• Reconcile premium bordereaux on a monthly basis.
• Reconcile claims bordereaux monthly and investigate variances.
• Monitor claim funding balances and coordinate replenishment of claim funds as necessary.
• Track expenses and maintain supporting schedules and spreadsheets.
• Prepare monthly financial reports, including variance analysis and management reporting.
• Support internal and external audit requests and provide required documentation.

Process Improvement & Compliance

• Assist in developing, documenting, and implementing accounting policies and procedures.
• Identify opportunities to improve efficiency, accuracy, and scalability of accounting processes.
• Support special projects and ad hoc analyses as assigned.
• Ensure compliance with internal controls, accounting standards, and regulatory requirements.

Qualifications

Required

• Bachelor's degree in Accounting, Finance, or related field.
• 3+ years of MGA accounting experience or 5+ years of progressive accounting experience.
• Experience with general ledger accounting, reconciliations, and financial reporting.
• Strong attention to detail with a high degree of accuracy.
• Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
• Demonstrated ability to work independently and collaboratively within a team.
• Strong verbal and written communication skills.
• Advanced proficiency in Microsoft Excel and strong working knowledge of Microsoft Word and Outlook.
• Experience developing or improving accounting policies and procedures.

Preferred

• Experience within the insurance industry, particularly MGA, wholesale brokerage, or specialty insurance environments.
• Experience with Sage Intacct or similar cloud-based accounting systems.
• CPA designation or progress toward CPA certification.
• Experience supporting high-growth organizations and scaling accounting processes.