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Senior Accountant

Company: Liberty Mutual
Location: Somerville
Posted on: May 10, 2022

Job Description:

Join a team responsible for the thorough execution of bookclose and financial reporting processes in a deadline focused environment, ensuring the integrity and accuracy of key financial controls. Foster a culture of innovation to continuously improve processes to ensure work is performed in the fastest, most cost-efficient means possible. Develop best practices and standards to ensure policyholder/customer billing quality and financial controls are met. Create and produce both routine and ad-hoc financial reports and lead moderate to complex receivables research and reconciliation. Support the business by analyzing system output using advanced and customized system data queries, data base tools, and/or reports. Work with internal departments to analyze, resolve, and prevent variances. Become subject matter expert on various systems to understand how activity flows to the ledger, partake in audit and attestation activities and act as a key stakeholder for platform teams to help influence enhancements/changes that impact both the reconciliation and billing controls domains. *This position is open to remote based candidates Responsibilities:

  • Conduct intermediate to complex daily/weekly/monthly/quarterly reconciliation activity and reporting, including earned premium and cash posted, loss expenses, vendor charges, journal entries, and audit/attestation efforts. Review and report month and quarter end financial calculations and reconciliation activity for accuracy and timeliness for management and auditors.
  • Provide support as needed for regular audit and attestation throughout the year of key financial controls. Participate in audit walkthroughs as needed with both internal and external audit partners.
  • Analyze, interpret and resolve moderate to complex variances, disputes, complaints, and/or transactions out of balance, non-compliant, and/or escalated for additional research. Create and use spreadsheets, advanced system/database queries, and exhibits to support and summarize relevant receivables information.
  • Take part in quality control review of billing system data, as well as analyzing multiple reports of receivables transactions. Review, research, and analyze ad-hoc issues as needed. Review issues at the policy-holder level to identify root cause, appropriate resolution, and implement recommendations.
  • Cultivate strong relationships with business partners within and outside of Operations to ensure productive collaboration relating to reconciliation and resolution of outstanding variances. Partner with market stakeholders to ensure the availability and integrity of financial information. Identify downstream impacts from large strategic efforts/projects and act as a champion of the Controls team.
  • Assist in the implementation of cost effective and efficient policy and procedure changes, and continually identify opportunities for improvement of customer service, cash flow, and business process improvement.
  • Understand how data flows through the financial systems to the accounting function to identify issues and take action to address them. Support modernization efforts and system enhancements to automate and streamline reconciliation processes.
  • Continually assess the business value and efficiency of the work performed, making suggestions for improvements, and collaborating with others in implementing them. Actively participate in department projects and continuous improvement activities.
  • Foster the development of teammates by sharing expertise and experience through training and work peer reviews.
  • Lead by example in delivering prompt and professional service to both internal and external customers.
    • Experience completing moderate to complex monthly/quarterly GL Reconciliations, Journal Entries, analysis, audit practices.
    • Strong analytical, negotiation, and interpersonal skills
    • Understanding of the insurance industry as normally acquired through a BS/BA degree with a major in Accounting, Finance, Economics or Business plus 12 months experience.
    • Demonstrated organizational skills in a fast paced, high performing team environment.
    • Demonstrated track record with focus on customer service.
    • Self-Starter with the ability to learn quickly, and work independently.
    • Critical thinker with strong desire for continuous improvement.
    • Advanced competency with Excel preferred.
    • Experience with SAS EG or working with databases desirable.
    • Experience working in Agile software development methodology desirable.
    • Experience with predictive models, Fiserv Frontier, or other automation tools desirable.
    • Experience with Liberty Mutual, Safeco, Business Lines, or NI billing systems desirable.At Liberty Mutual, our purpose is to help people embrace today and confidently pursue tomorrow. That's why we provide an environment focused on openness, inclusion, trust and respect. Here, you'll discover our expansive range of roles, and a workplace where we aim to help turn your passion into a rewarding profession. Liberty Mutual has proudly been recognized as a "Great Place to Work" by Great Place to Work US for the past several years. We were also selected as one of the "100 Best Places to Work in IT" onIDG's Insider Pro and Computerworld's 2020 list. For many years running, we have been named by Forbes as one of America's Best Employers for Women and one of America's Best Employers for New Graduates-as well as one of America's Best Employers for Diversity. To learn more about our commitment to diversity and inclusion please visit: We value your hard work, integrity and commitment to make things better, and we put people first by offering you benefits that support your life and well-being. To learn more about our benefit offerings please visit: Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran's status, pregnancy, genetic information or on any basis prohibited by federal, state or local law.

Keywords: Liberty Mutual, Somerville , Senior Accountant, Accounting, Auditing , Somerville, Massachusetts

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