Foresight Group - Accounting Manager
Foresight Group is looking for an Accounting Manager to join our Finance team. This position will be responsible for the daily financial and accounting operations for the company, leading the improvement and maintenance of the financial close, and driving the development and advancement of the financial control environment. This position will work closely with other members of the finance team, functional areas outside of finance as well as external clients. The role will have high visibility and reports to the Finance Controller.
About Foresight Group
Workers’ compensation insurance is stuck in the past. Every business needs workers’ compensation to some extent, but those that need it most are denied, ignored, or price-gauged. The workers on the tip of the spear — the ones actually assuming health and safety risk — deserve better pay and safety programs. Those workers shouldn’t have to compete with their employers’ insurance premiums for resources.
With the Foresight Group, they don’t have to. We take a data-driven approach to risk, which is more nuanced than antiquated rating criteria let on. We believe the positive effects of health and safety programs, and companies that are proactive should be rewarded with lower premiums. Foresight Group’s two subsidiaries Foresight Risk and Insurance Services and Safesite Solutions work hand in hand to deliver coverage that rewards companies that commit to safety. Using the Safesite Safety Score, Foresight policyholders can lower their rates through engagement in proven safe work activities which has a measurable effect on policyholders’ bottom line.
Responsibilities
Finance Close and Financial Statements
- Prepare monthly Consolidated Financial Statements and related schedules for both internal and external reporting purposes.
- Document and monitor monthly financial cycle and closing schedule to ensure timely completion of financial statements. Communicate issues and propose solutions where appropriate.
- Prepare footnotes in connection with annual GAAP financial statements
- Review and/or prepare monthly journals to support month end close process.
Reporting and Analysis
- Prepare monthly underwriting account results for submission to clients
- Monitor and reconcile underwriting activity against underlying source systems
- Review insurance contracts and align accounting to agreed terms
- Prepare monthly financial analysis comparing actual to budget results
- Review monthly expense process and activity for efficiency, completeness, and accuracy
- Participation in various special projects, including cross-functional projects with business leaders and financial management
- Provide support and coordinate with FP&A team to enhance Finance Department deliverables
Controls
- Support the development, implementation, and documentation of accounting procedures by analyzing current procedures and identifying opportunities to enhance, streamline and automate.
- Review and prepare monthly account reconciliations and analysis to support ledger balances
- Continuously assess financial processes to enhance the timing and controls over financial reports.
Other
- Develop strong relationships across the organization and with finance contacts with key clients and external vendors
Requirements
- A Bachelor's degree in Accounting along with approximately 5 or more years of related experience
- Public accounting background and a CPA license is a plus.
- Insurance Industry a plus
- Strong understanding of Monthly Close Process and Accounting Controls
- Capable of working as a team player and comfortable being part of a “hands on” team of professionals. Strong work ethic is a must.
- Proficiency in Google and or Microsoft Office suite of products
- High level of organization and follow up skills
- Experience using QuickBooks a plus
Benefits
- Industry-leading career development opportunities
- Competitive salary
- Generous paid time off including paid holidays, personal days and paid sick leave
- Medical, dental, and vision insurance
- Monthly wellness stipend
- Annual Learning and Development stipend
Foresight Group is looking for an Accounting Manager to join our Finance team. This position will be responsible for the daily financial and accounting operations for the company, leading the improvement and maintenance of the financial close, and driving the development and advancement of the financial control environment. This position will work closely with other members of the finance team, functional areas outside of finance as well as external clients. The role will have high visibility and reports to the Finance Controller.
About Foresight Group
Workers’ compensation insurance is stuck in the past. Every business needs workers’ compensation to some extent, but those that need it most are denied, ignored, or price-gauged. The workers on the tip of the spear — the ones actually assuming health and safety risk — deserve better pay and safety programs. Those workers shouldn’t have to compete with their employers’ insurance premiums for resources.
With the Foresight Group, they don’t have to. We take a data-driven approach to risk, which is more nuanced than antiquated rating criteria let on. We believe the positive effects of health and safety programs, and companies that are proactive should be rewarded with lower premiums. Foresight Group’s two subsidiaries Foresight Risk and Insurance Services and Safesite Solutions work hand in hand to deliver coverage that rewards companies that commit to safety. Using the Safesite Safety Score, Foresight policyholders can lower their rates through engagement in proven safe work activities which has a measurable effect on policyholders’ bottom line.
Responsibilities
Finance Close and Financial Statements
- Prepare monthly Consolidated Financial Statements and related schedules for both internal and external reporting purposes.
- Document and monitor monthly financial cycle and closing schedule to ensure timely completion of financial statements. Communicate issues and propose solutions where appropriate.
- Prepare footnotes in connection with annual GAAP financial statements
- Review and/or prepare monthly journals to support month end close process.
Reporting and Analysis
- Prepare monthly underwriting account results for submission to clients
- Monitor and reconcile underwriting activity against underlying source systems
- Review insurance contracts and align accounting to agreed terms
- Prepare monthly financial analysis comparing actual to budget results
- Review monthly expense process and activity for efficiency, completeness, and accuracy
- Participation in various special projects, including cross-functional projects with business leaders and financial management
- Provide support and coordinate with FP&A team to enhance Finance Department deliverables
Controls
- Support the development, implementation, and documentation of accounting procedures by analyzing current procedures and identifying opportunities to enhance, streamline and automate.
- Review and prepare monthly account reconciliations and analysis to support ledger balances
- Continuously assess financial processes to enhance the timing and controls over financial reports.
Other
- Develop strong relationships across the organization and with finance contacts with key clients and external vendors
Requirements
- A Bachelor's degree in Accounting along with approximately 5 or more years of related experience
- Public accounting background and a CPA license is a plus.
- Insurance Industry a plus
- Strong understanding of Monthly Close Process and Accounting Controls
- Capable of working as a team player and comfortable being part of a “hands on” team of professionals. Strong work ethic is a must.
- Proficiency in Google and or Microsoft Office suite of products
- High level of organization and follow up skills
- Experience using QuickBooks a plus
Benefits
- Industry-leading career development opportunities
- Competitive salary
- Generous paid time off including paid holidays, personal days and paid sick leave
- Medical, dental, and vision insurance
- Monthly wellness stipend
- Annual Learning and Development stipend
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