BCS Financial Corporation is seeking a Staff Accountant responsible for preparing journal entries related to underwriting activity and reinsurance statements. The role involves account reconciliations, variance analysis, and supporting annual reinsurance filings.
Responsibilities
- Record and journalize underwriting activity for assigned products
- Process reinsurance activity in accordance with contract terms, including tracking payables and recoverables in the Cash Application System
- Prepare general ledger account reconciliations accurately and on time
- Perform balance sheet and income statement variance analysis versus forecast and document key drivers
- Prepare quarterly underwriting reporting, including loss development schedules and losses by incurred year for assigned programs/products
- Prepare and reconcile quarterly analytics and support annual reinsurance filings
- Support system changes by completing required uploads and UAT testing for new product lines
Skills
- Bachelor's degree in Accounting or Finance or commensurate experience
- 1–2 years of statutory insurance accounting experience preferred
- Working knowledge of insurance products and contracts (A&H, Life, P&C)
- Proficiency with Microsoft Office (especially Excel)
- Strong foundation in accounting and statutory insurance accounting requirements
- Strong organizational, time-management, and prioritization skills; ability to meet strict deadlines
- Customer-service mindset with the ability to work effectively with internal partners, vendors, auditors, intermediaries, and TPAs
- Experience with accounting and reporting tools such as Oracle Fusion G/L, SmartView, Power BI, Alteryx, Access, and eFreedom Annual Statement
- Demonstrated technical agility and continuous-improvement mindset, including automation/process improvement (e.g., Copilot/AI, VBA)
- Basic understanding of insurance operations and reinsurance accounting is a plus
Company Overview
BCS Financial Corporation has more than 75 years of experience providing a wide range of insurance and financial solutions for Blue Cross and Blue Shield organizations and commercial partners nationwide. It was founded in 1953, and is headquartered in Oak Brook, Illinois, USA, with a workforce of 51-200 employees. Its website is https://bcsf.com.