Staff Accountant

Staff Accountant

Palomar is a rapidly growing and innovative insurer focused on providing specialty insurance to residential and commercial customers. Palomar welcomes the best and brightest to our thriving team. Guided by an entrepreneurial spirit, Palomar is building a dynamic and diverse team.

Join a company built on a culture of agility, innovation and authenticity that delivers peace of mind and protection to individuals and businesses impacted by adversity.

Location: La Jolla, CA

The Details:

The Staff Accountant reports to a Manager, Accounting and is responsible for a variety of accounting functions such as performing accurate and timely Monthly Journal Entry Preparation, General Ledger Account Reconciliation and Schedule Maintenance, Bank Reconciliations, Audits and Reporting. The ability to generate reports by pulling data from multiple systems, consolidating, and analyzing the data is required. Critical thinking and adherence to internal deadlines as well as state required deadlines is a must.

What Will You Do:

• Support timely monthly/quarterly financial close, including recording assigned journal entries, completing balance sheet/GL account reconciliations, accruals, and overall maintenance of all operational management accounts
• Accurate and timely preparation and maintenance of journal entry templates, with commentary explaining results and analyzing variances and trends
• Provide audit support and fulfill SOX/internal control requests from internal and external auditors
• Researches and analyzes financial variances as a result of premium reconciliation process and report appropriate corrective action
• Coordinate with external partners and brokers on monthly bordereaux and settlement statements
• Standardizes and documents most efficient reconciliation processes
• Maintains accurate and organized paper and electronic files with supporting documents
• Ensures data integrity by maintaining appropriate controls for audit verification
• Monitors, ages in the monthly premium reconciliation process for financial reporting
• Keeps updated with the latest methodologies, procedures, and client-specific information
• Coordinates premium reconciliation on a monthly basis to meet contractual or other specified deadlines
• Other duties as assigned or requested

What We Are Looking For:

• Bachelor's Degree in Accounting or equivalent
• Minimum of 1-2 years' experience required - insurance industry preferred
• Familiarity with Microsoft Office- Excel (Pivot Tables, Lookups, Formulas), Word, Power Point and Outlook
• Ability to organize, self-prioritize, multi-task and be a self-starter in a fast-paced environment with demanding internal and external deadlines
• Strong interpersonal skills and attention to detail a must

We Love People Who Want To:

• Build strong relationships through transparency, trust, and respect for each other.
• Work in an agile environment, with a resilient mindset to find creative solutions to challenges.
• Collaborate and celebrate diverse perspectives, promoting inclusivity and equality.
• Do the right thing with strong conviction and integrity.
• Be bold and innovative to help make an impact.
• Demonstrable track record of working autonomously and driving progress
• Be intellectually curious, think creatively, and pragmatic

If you thrive in a dynamic environment, and like working with happy, authentic, talented people, you'll enjoy a career with Palomar!

What Will You Get In Return?

• Full Suite of Medical Benefits
• Long Term Financial Incentives STOCK!
• 401k with 3.5% Automatic Fully Vested Employer Contributions
• Competitive PTO + Holiday Program
• Lifestyle Spending Allowance
• Professional Development Assistance
• Career Exploration Opportunities
• Regular company-wide social events (even virtually!)

Diversity at Palomar

At Palomar, we are committed to diversity, equality and inclusion in all facets of the organization. We have built an open culture that celebrates the diversity of our workforce, while actively championing equality and inclusion practices that make us a company people want to work with and work for.

We believe that diversity, equality and inclusion yields greater organizational creativity and productivity, which helps us serve our customers and partners more effectively. Delivering on our diversity commitment returns greater value to our shareholders and ultimately makes a positive impact to the communities in which we do business and to the people who live in them

Accommodations:

Palomar will consider reasonable accommodations to ensure a qualified applicant with a disability can be considered for the position. Palomar will also consider necessary modifications to the physical work environment, or to the way a job is usually performed, so an individual with a disability can perform the essential functions of the position. Additional accommodations will be considered that enable an employee with a disability to enjoy equal benefits and privileges of employment like those that are enjoyed by other employees without disabilities.

Pay Range: $58,000-$87,000 + Bonus Potential & Participation in our Competitive Long-Term Incentive (LTI) Program.