Staff Accountant Job at 1891 Financial Life in Schaumburg

Get AI-powered advice on this job and more exclusive features.

Summary

The Staff Accountant is responsible for assigned accounting and financial functions and will create and implement policies and procedures to identify, resolve and document accounting issues. Will execute monthly close and reporting processes.

Summary

The Staff Accountant is responsible for assigned accounting and financial functions and will create and implement policies and procedures to identify, resolve and document accounting issues. Will execute monthly close and reporting processes.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

• Prepare and maintain the annual Financial Calendar and ensure timely completion of activities and regulatory filings.
• Prepare monthly report for Annuity contracts and Life certifications.
• Reconcile monthly Reinsurance account and provide CEO and Controller.
• Assist Sales Department Manager in the analysis of commission contracts, advanced commission, revenue analysis and budget for agent incentives trips or specials incentive bonuses.
• Daily accurate and timely recording of all transactions.
• Develop reliable cash flow projections and reporting to meet operating needs.
• Back-up to other accounting positions within the department including A/P and A/R.
• Guide financial decisions by establishing, monitoring and enforcing policies, procedures and internal controls.
• Prepare 1099R, 1099I, 1099-Misc, 5498, and 990's.
• Update budgets monthly across for each department and review with each department.
• Fairly treat all customers/members, prospective clients and agents in a professional and appropriate manner
• Provide accurate information to certificate owners and treat all certificate owners with courtesy and friendliness.
• Reconcile reinsurance accounts, bank accounts, accounts payable, cash clearing, commission payable and suspense accounts.
• Upload daily ACH files to the bank.
• Assist with various state audits and internal audits
• Become an expert with accounting software and policy administration software.
• Become back up to Bookkeeper and Sr. Financial Accountant position
• Prepare monthly, review and analyze trial balances and reports associated with them
• Serve the public and 1891 Financial Life membership in various community activities and maintain a good image of the Society.
• Assist with Special projects as needed EDUCATION AND/OR EXPERIENCE
• BA/BS in accounting; Seven years of experience and/or training, or equivalent combination of education and experience.
• Must be working toward obtaining a CPA in the next 12 months.
• At least 3 years of Statutory Accounting a must.
  
  

Employment Type: Full Time

Bonus/Commission: No

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing, Finance, and Analyst

• Industries

  Accounting and Financial Services

Referrals increase your chances of interviewing at 1891 Financial Life by 2x

Get notified about new Staff Accountant jobs in Schaumburg, IL.

Greater Chicago Area $24.00-$28.00 1 week ago

Schaumburg, IL $60,000.00-$75,000.00 2 weeks ago

Greater Chicago Area $45,000.00-$55,000.00 1 week ago

Itasca, IL $63,000.00-$80,000.00 3 months ago

Chicago, IL $51,965.00-$64,980.00 1 week ago

Arlington Heights, IL $51,040.00-$57,420.00 3 months ago

Deductions & Accounts Receivable Analyst

Greater Chicago Area $60,000.00-$75,000.00 1 month ago

Chicago, IL $65,000.00-$70,000.00 4 months ago

Chicago, IL $65,000.00-$80,000.00 2 days ago

Greater Chicago Area $60,000.00-$95,000.00 2 weeks ago

Greater Chicago Area $65,000.00-$75,000.00 6 days ago

Chicago, IL $75,000.00-$95,000.00 1 week ago

St Charles, IL $60,000.00-$80,000.00 1 week ago

Deerfield, IL $63,100.00-$101,200.00 6 days ago

We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.

#J-18808-Ljbffr