Protective Life Insurance Staff Accountant II in Birmingham, Alabama
Staff Accountant II
Basic Purpose and Objective of the Position:
The primary purpose of this position is to provide policy rate increase support to for the overall financial and operational management of Cancer policies. This position will be responsible daily, monthly, quarterly & annual reporting for the Cancer group,
as well as any ad hoc projects that may be assigned.
This position will also assist with technical operational accounting duties in the Reinsurance Department. This position will be responsible for providing financial information to serviced companies for a variety of acquired or coinsured products using
multiple administrative systems and serving as a point of contact for assigned companies. In this capacity, the incumbent is responsible for ensuring all TPA- related accounting is accurate and communicated on a timely basis as required in the reinsurance
agreements. It is expected that the incumbent will complete assigned work on an accurate and timely basis.
Assist with rate increase filings, testing and implementation
Cross check filings provided by outside consulting/actuarial firm.
Responding to requests for information from State Insurance Departments.
Obtaining status of rate increase filings from State Insurance Departments.
Creation of rate cards.
Letter output variable testing and review.
Maintaining documentation relating to rate increase approval and implementation.
Ensure testing and implementation of rate increases is complete and accurate.
Assisting with monthly reporting, claims audits and quarterly financial reporting
Developing responses to ad hoc and routine reporting requests to meet the required informational needs.
Working with various systems to analyze and report key measures to aid in the identification of strategic opportunities.
Creating and updating various monthly financial reports, reporting variance to manager.
Analyses of and assistance with regular audits of operational results.
Directly responsible for Acquisition accounting, including the completion and distribution of accurate and timely daily, monthly, quarterly, and annual reporting needs.
Complete all TPA accounting work as assigned, including but not limited to statutory requirements, audited GAAP financial statements, general ledger separate & general account reconciliations, Schedule T work and other related duties.
Responsible for assigned related account reconciliations.
Maintain proper documentation in order to comply with SOX controls and corporate retention standards.
Other accounting and financial job duties as assigned.
The incumbent should have accounting or finance related experience in a corporate or small company environment, a Bachelor’s degree with a concentration in accounting, finance, economics or math is required. The incumbent needs to develop and maintain a
strong working knowledge of the general ledger system. The position will also require intermediate Excel skills for preparing reports and pivot tables. Intermediate levels of MS Word and Access are also a plus.
This position requires strong analytical, critical thinking and problem solving skills. The incumbent must have excellent time management, planning and organizational skills. This position also requires the ability to work both independently with minimal
supervision and as part of a team. Excellent communication skills are needed as there will be frequent interaction with management, other departments, and auditors, both internal and external. The work to be performed by the incumbent is task/process oriented,
driven by company procedures and completed under daily supervision and oversight.