Arrow Mutual Liability Insurance Company was established on June 20, 1920. The Company is amutual insurance company licensed to write workers’ compensation insurance in Massachusetts, New Hampshire, Maine and Rhode Island. Arrow’s mission statement is to be the sustainable lowest cost provider of quality workers compensation insurance to its policyholders
We're in search of a precise and detail-focused Senior Accountant to join our established organization. This role will encompass diverse accounting tasks, financial reporting, and offering insightful analysis to support strategic decision-making. Duties include overseeing monthly closing procedures, creating financial statements, and scrutinizing expenses and variances compared to the budget.
Job Responsibilities/Duties:
- Developing and maintaining accounting principles, practices, and procedures to ensure accurate and timely financial statements and reports.
· Responsible for administering company retrospective rating and premium adjustment policies –
o Including calculation of policy holder dividends to be approved by President
· Accounts Payable / Account Receivable / Bank reconciliation
· Annual Policyholder Payroll Audit Reconciliation
· Benefit administration for 8 employees
· Interface with policy holders, and vendors
- Maintaining the General Ledger.
- Ensure timely reporting of all monthly financial information.
· Bank Reconciliation and Outstanding check due diligence; research and reconcile financial discrepancies.
· Agent commission calculation and disbursement
· Policyholder Payroll Audit Reconciliation and Special Dividend payout, policy renewals and 1st and 2nd retro calculation and U/W Dividend payout
- Ensure an accurate and timely month and year end close.
- Maintaining the employee benefits system (401K, Insurance, etc.).
- Support budget and forecasting activities.
- Maintain compliance with regulatory agencies.
- Perform other accounting and financial related duties as directed by management.
Required Skills and Experience:
- Bachelor's degree in Accounting, Finance, Business or equivalent accounting experience.
- Minimum of 3 years of accounting or finance experience. Experience with QuickBooks and CashPro (BoA) preferred, as well as knowledge of Excel and the full MS Suite.
- Experience in preparing monthly financial statements and reconciliation
- Strong time management and organizational skills; Detail-oriented with a passion for accuracy
- Great interpersonal and written communication skills
Why work at Arrow Mutual Liability Insurance Co.
- Above average competitive base salary
- 100+ year history of being in business in MA
- Comprehensive health plans, dental plan and life insurance
- Telecommuting and flexible schedule arrangements
- Retirement savings plan and 401(k) with company match
- Learning and development opportunities
- Friendly, inclusive, and supportive culture of caring and belonging.
- Professional environment based on knowledge sharing and teamwork.
The statements mentioned above are intended to describe the general nature and level of work being performed by people assigned to do this job. It is not intended to be an exhaustive list of all responsibilities and duties required.
EEO STATEMENT
Arrow Mutual Liability Insurance Company is committed to celebrating all dimensions of diversity in the workplace and ensuring that everyone feels a sense of inclusion and belonging. All employment decisions are based on business needs, job requirements, and individual qualifications, without regard to race, color, creed, sex, sexual orientation, gender identity or expression, pregnancy, age, religion, national origin, citizenship status, disability, ancestry, marital status, veteran status, or any other protected category prohibited by local, state or federal laws.
Job Type: Full-time
Pay: $70,000.00 - $85,000.00 per year
Benefits:
- 401(k)
- 401(k) 5% Match
- Dental insurance
- Health insurance
- Life insurance
- Paid time off
Experience level:
Schedule:
Education:
Experience:
- Accounting or Finance: 3 years (Preferred)
- Microsoft Excel: 3 years (Preferred)
Ability to Commute:
- Chestnut Hill, MA 02467 (Required)
Ability to Relocate:
- Chestnut Hill, MA 02467: Relocate before starting work (Required)
Work Location: Hybrid remote in Chestnut Hill, MA 02467