Associate Accountant

Established in 2021, Independence Pet Holdings is a corporate holding company that manages a diverse and broad portfolio of modern pet health brands and services, including insurance, pet education, lost recovery services, and more throughout North America.

We believe pet insurance is more than a financial product and build solutions to simplify the pet parenting journey and help improve the well-being of pets. As a leading authority in the pet category, we operate with a full stack of resources, capital, and services to support pet parents. Our multi-brand and omni-channel approach include our own insurance carrier, insurance brands and partner brands. 

Independence American Insurance Company (IAIC), a subsidiary of IPH, has over 50 years of underwriting experience and a history of innovation in the pet insurance industry. IAIC has built a reputation as a trusted and dependable partner. We are a pet-focused underwriter with deep insurance industry experience, offering a product with proven consumer appeal.

Job Summary:

Independence American Insurance Company (IAIC) is looking for a hybrid Associate Accountant who will prepare and/or review and substantiate reconciliations for bank, claim fund, funds held, lease schedule, fixed assets, and other balance sheet and expense accounts.

Job Location: Hybrid in New York, New York

Main Responsibilities:

• Responsible for a wide array of routine to complex corporate accounting reporting and analysis.

• Prepares journal entries in accordance with STAT and GAAP principles.

• Assists with investment accounting and investment guidelines

• Assists with capital modeling and rating agency calculations and reporting.

• Assists with preparation of GAAP and/or STAT reporting and closing processes.

• Assists with specialized Statutory schedules including, but not limited to, supplemental accident and health exhibits, Schedule F/S, Schedule T, and/or Schedule H.

• Prepares and analyzes claim data and reserving workpapers to determine adequacy of reserving using claim development tables and to identify inconsistencies in the data files.

• Prepares and analyzes financial data to ensure accuracy and provides commentary on financial results to improve decision making and financial performance based upon qualitative and quantitative trends.

• Manages and implements reinsurance contracts and determines which areas of the business are not performing in accordance with plan.

• Analyzes incoming policy level data files from administrators, questions and investigates discrepancies when needed. Tracks and maintains detailed supporting work papers, and records transactions.

• Prepares and substantiates reconciliation for bank accounts, claim fund, funds held, lease schedule, fix assets, and other balance sheet and expense accounts.

• Documents policies, procedures, and workflow for assigned areas of responsibility.

• Assists with external and regulatory reviews, audits, and examinations, as needed.

• Researches and responds to state requests or questions. Maintains relationships with the state insurance departments. Assists with the completion of state filings, and forms. Ensures all premium tax and related payments are made timely.

Qualifications:

• Bachelor’s Degree or equivalent work experience (One-year relevant experience is equivalent to one-year college).

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All of our jobs come with great benefits including healthcare, parental leave and opportunities for career advancements. Some offerings are dependent upon the location of where you work and can include the following:

• Comprehensive full medical, dental and vision Insurance
• Basic Life Insurance at no cost to the employee
• Company paid short-term and long-term disability
• 12 weeks of 100% paid Parental Leave
• Health Savings Account (HSA)
• Flexible Spending Accounts (FSA)
• Retirement savings plan
• Personal Paid Time Off
• Paid holidays and company-wide Wellness Day off
• Paid time off to volunteer at nonprofit organizations
• Pet friendly office environment
• Commuter Benefits
• Group Pet Insurance
• On the job training and skills development
• Employee Assistance Program (EAP)