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Company: Tokio Marine Hcc
Location: Wakefield
Posted on: May 12, 2024

Job Description:

Have you recently or will you soon receive a degree in Accounting or Finance and arent sure what you want to do with your education?This is not your typical accounting role, trust me.Do you want to be involved in working on accounting transactions for some cool and interesting niche insurance policies?Are you curious about what happens behind the scenes when a professional athlete or team purchases disability insurance, or when a famous musical artist purchases insurance for their world tour?Do the sports and entertainment industries pique your interest?If you answered yes to the above questions, then this role is for you. Apply today!This position is based in our Wakefield, MA headquarters location. In this role as part of a dynamic team, you will work across multiple departments beyond accounting, including underwriting, IT, compliance, and claims.Tokio Marine HCC is a leading specialty insurance group with offices in the United States, the United Kingdom, Europe, Ireland, and other exciting locations. With the strength and stability that comes from being a member of the Tokio Marine Group, and fifty years of growth, profitability, and stability, we offer important insurance products that most people do not even know exist. Every policy we write is special, enabling our clients to do amazing things. From insuring the crops that feed us to the rock concerts that entertain us, to rescuing international travelers in trouble, we offer more than 100 classes of specialty insurance. Applying our Mind Over Risk philosophy to writing insurance allows our customers to take on opportunity with confidence. That philosophy defines our way of thinking, unites us as a team, and differentiates us from our competitors. We are much more than just an insurance company; we are a good company.Performance Objectives:Within the first 30 days, become familiar with all the Specialty Group lines of business that fall under our direct management oversight (what we do), software programs we use (PeopleSoft, RSC, AS400), and the daily operations of the Company as they relate to insurance and reinsurance accounting and reporting.Within the first 60 days, become adept at using our accounting and reinsurance accounting systems under the supervision of the Specialty Group Reinsurance Accounting Manager. Learn to facilitate and report reinsurance settlements for both premiums and claims. Respond to inquiries from reinsurers/brokers concerning settlements, claims, and collections and coordinate responses from the various departments. Understand how to review balance sheet accounts in preparation for month-end close.Within the first 90 days, assist in the general ledger month-end close, including closing lines of business in the reinsurance system. Set up reinsurance contracts in the reinsurance system. Analyze accounting information to prepare and post entries to general ledger accounts and to document business transactions as it relates to reinsurance activities.Ongoing, prepare general ledger account reconciliations related to reinsurance and regular day to day activity. Interact with internal and external auditors, as necessary for all matters. Proactively detect, research, and resolve balance sheet reconciliation items. Prepare various ad hoc reports using advanced Excel skills.Your Skills and Experience:Bachelors degree in accounting, Finance, a related field, or the equivalent education and/or experienceWork in an office environment is requiredExperience in an accounting or finance internship, preferredPeopleSoft and RSC experience a plusExcellent written and verbal communications skills with an emphasis on confidentiality, tact, and diplomacyExceptional organizational and analytical skills; demonstrated ability to manage multiple tasks simultaneouslyIntermediate proficiency and experience using Microsoft 365 (Excel, Word, PowerPoint)What we offer:Just as Tokio Marine HCC Group of Companies is customer centric, we are also employee centric offering our employees a competitive salary and employee benefit package, strong learning culture, collaboration, 401K match, paid parental leave, hybrid work schedule*, travel opportunities and an opportunity to love what you do. The Tokio Marine Group of Companies is an equal-opportunity employer. Our office is conveniently located just north of Boston, MA on a scenic campus with an onsite cafeteria, gym, walking trails and close proximity to MarketStreet Lynnfield. Please visit for more information about our companies.*Our hybrid work schedule is 4 days in the office and 1 day WFH, if desired, upon successful completion of a training period. Please consider this requirement before applying.If your experience matches these requirements, please apply WITH A COVER LETTER.#LI-KM1#LI-Onsite#LI-Hybrid#INDTMHCCby Jobble

Keywords: Tokio Marine Hcc, Boston , Accountant, Accounting, Auditing , Wakefield, Massachusetts

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