About Us
For more than 145 years, Erie and Niagara has been a policyholder-owned New York State regional insurance company. Providing property and casualty insurance coverage for more than 100,000 policyholders within the Western and Central New York areas, we have been A.M. Best Rated "A" Excellent and a 'Best Place to Work' year over year.
Position Overview
Erie and Niagara Insurance Association is seeking a full-time Operational Accounting Manager for their office in Williamsville, NY. This is a great opportunity to join an established WNY company. We offer a competitive benefits package, including, health and dental insurance, 401k match, Paid Time Off, pension, profit share and more!
The Operational Accounting Manager is Responsible for providing leadership, support and guidance to the operational accounting team. Ensures the team complies with the goals, objectives and standards of the company. Ensures recurring cash management operations are performed timely and accurately. Makes decisions exceeding staff’s authority and resolves escalated matters.
Duties/Responsibilities
Operational
- Coordinate daily departmental operations, i.e., billing, accounts receivable and accounts payable, ensuring organizational quality and compliance standards are met.
- Support necessary accounting functions, including responsibility for Chart of Accounts and general ledger maintenance for Company, affiliate and subsidiary.
- Establish/maintain internal controls to mitigate risk and ensure appropriate processes and procedures are being followed.
- Responsible for the billing functionality of the policy management system.
- Monitor billing workflows, identifies process improvement opportunities and implements efficient procedures to optimize billing operations.
- Respond to billing related complaints filed formally with Department of Financial Services, as they arise.
- Review transaction listings/payable requests prepared by Accounts Payable Representative weekly to ensure accurate cash disbursement processing and recording in the general ledger.
- Primary facilitator of projects and special assignments in order to achieve corporate and departmental goals and initiatives.
Cash Management
- Perform daily interface of cleared checks on Company’s operating account. Review banking activity and resolve any errors or issues, as needed.
- Responsible for deposits to banks, as needed, on a regular basis.
- Track bank fee detail on a monthly basis.
- Perform bank reconciliations on a monthly basis for Company’s, affiliate’s, and subsidiary’s operating accounts.
- Report on available cash on a daily basis to Treasurer and President. Facilitate investment activity details to custodian, as needed.
Reporting and Compliance
- Responsible for timely and accurate monthly, quarterly, and annual investment accounting and reporting of the Company and affiliate.
- Responsible for the preparation of investment schedules that are reviewed at quarterly Board of Directors’ meetings.
- Perform all tasks associated with maintaining various accounting financial software.
- Provide assistance with the annual financial statement audits for all companies and the NYS Department of Financial Services examinations for the Company and affiliate.
- Provide assistance with quarterly and annual financial filings to the NYS Department of Financial Services, ensure timely filings. Process quarterly Federal and State tax remittance, as applicable, for all companies.
Qualifications
- Bachelor’s degree in Accounting or related field with minimum 7 years experience in the accounting field
- Demonstrated ability to manage and develop staff
- General Ledger experience in accrual accounting required
- Working knowledge of billing operations and systems
- Ability to use initiative and sound judgment to make decisions to establish guidelines
- Highly proficient computer skills in a Windows based environment with demonstrated experience and ability in Microsoft Excel and Word
- Demonstrates the ability to communicate effectively both orally and in written form
- Demonstrates the ability to show strong attention to detail and strong organization skills
- Able to manage multiple tasks and responsibilities daily
Erie and Niagara Insurance Association is proud to be an Equal Opportunity Employer.
Job Type: Full-time
Pay: $70,000.00 - $90,000.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Employee assistance program
- Flexible schedule
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Professional development assistance
- Retirement plan
- Vision insurance
Schedule:
Work setting:
Ability to Relocate:
- Williamsville, NY 14231: Relocate before starting work (Required)
Work Location: In person