Accounting Analyst

Title:

Accounting Analyst

Company:

Everest Insurance Company

Job Category:

Finance

Job Description:

It's an exciting time for Everest Group, Ltd. ("Everest")! As we continue on our journey, we see significant opportunity ahead of us to expand our reach, build diversity, and enhance our capabilities in critical markets.

Everest is a leading global reinsurance and insurance provider, operating for nearly 50 years through subsidiaries in the Bermuda, Canada, Europe, Singapore, US, and other territories. Our strengths include extensive product and distribution capabilities, a strong balance sheet, and an innovative culture. Throughout our history, Everest has maintained its discipline and focuses on creating long-term value through underwriting excellence and strong risk and capital management. But the most critical asset in this organization is our people.

At Everest, we are committed to the development of our people. We offer dynamic training & professional development to our employees. You will benefit from career development and learning opportunities that will let you set career goals and fulfill them, including:

• Generous tuition/continuing education reimbursement

• Mentoring opportunities

• Flexible work arrangements

• Talent development initiatives

• Networking groups

Everest is a growth company with $14 Billion of Gross Written Premium offering Property, Casualty and specialty products among others, through its various operating subsidiaries located in key markets around the world. Everest has been a global leader in reinsurance with a broad footprint, deep client relationships, underwriting excellence, responsive service and customized solutions. Our insurance arm draws upon impressive global resources and financial strength to tailor each policy to meet the individual needs of our customers.

Our financial strength is evident in Financial Agency Ratings of: A+ A. M. Best, A+ S&P Global and A1 Moody's Investor Service. We are a market leader for our broad diversified income streams, strong underlying underwriting performance with reduced volatility and strong cash flow. We take pride in being known in the industry as nimble, entrepreneurial and responsive.

The Program Administrator Accounting Team of Everest Insurance, a member of the Everest Re Group, Ltd. is looking for an Accounting Analyst II to join our Warren, NJ office.

We will be working with premiums written and received from third parties, called Program Administrators, on behalf of Everest. We must ensure that premium reported is complete and accurate, payments are received and booked properly, and timely for each business segment. We will be reviewing outstanding balances, variances in premium written, and reconciling entries in our subledger.

Responsibilities include but not limited to:

• Ensure monthly premium bordereaux are received, reviewed, and reconciled on a timely basis to the general ledger and are consistent and comply with the Program Administrator agreements.
• Ensure monthly account currents are received timely and that related cash is received, recorded, and applied against open accounts receivable, and any open receivables are collected or resolved with the Program Administrator. Perform the quarterly non-admitted receivable analysis.
• Reconcile the agency deposit suspense accounts monthly. Clear transactions and follow-up on the status of aged items.
• Review daily cash report, reconcile, and prepare intercompany transfers.
• Generate the monthly NCCI payments. Prepare vouchers for payment and distribute.
• Prepare journal entries using the Oracle Ledger system.
• Review daily cash receipts and apply to premiums in WINS.
• Preparation of documents to demonstrate compliance with SOX key controls.
• Review and book our Intercompany transfers monthly.
• Provide excellent service to all internal and external stakeholders.

Qualifications, Education & Experience:

• The successful candidate should have a BS/BA degree in accounting, finance, or business - related field.
• 2 - 5 years of accounting experience.
• Advanced Excel Skills (i.e., Pivot Tables, VLOOKUP, Macros).
• Proficiency in creating, maintaining, and improving Microsoft Excel worksheets to efficiently handle large amounts of data.
• Strong analytical, problem solving and technical skills.

Knowledge, Skills & Competencies:

• Strong organizational skills and the ability to effectively manage time and be able to multitask in an ever-changing environment.
• Strong and effective verbal and written communication skills and the ability to interact with co-workers, management, and internal/external customers.
• Being able to think outside of the box, with the possibility of coming up with new ways to advance our internal controls.
• Works well with others within the team, within our organization, and our partners outside of our organization.

Our Culture

At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors. Click here to learn more about our culture.

• Our Values are the guiding principles that inform our decisions, actions and behaviors. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Diversity, Equity and Inclusion.
• Our Colleague Behaviors define how we operate and interact with each other no matter our location, level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together.

All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve.

#LI-Hybrid

#LI-VP1

Type:

Regular

Time Type:

Full time

Primary Location:

Warren, NJ

Additional Locations:

Everest is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex (including pregnancy), sexual orientation, gender identity or expression, national origin or ancestry, citizenship, genetics, physical or mental disability, age, marital status, civil union status, family or parental status, veteran status, or any other characteristic protected by law. As part of this commitment, Everest will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact Everest Benefits at [email protected].

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