Staff Accountant in Mount Prospect, Illinois at AMERICAN FREEDOM INSURANCE

American Freedom Insurance Company (AFIC) is a midsized, profitable, and expanding nonstandard automobile insurance company doing business in Illinois, Indiana, Pennsylvania, Tennessee, Texas and licensed in Ohio. We are looking for someone that can contribute in a fast paced, growing organization. AFIC is financially strong and has earned an “A+” Superior rating from A.M. Best.

The position is hybrid (or full-time in office if preferred) and the office is located in Mount Prospect, Illinois, a suburb of Chicago

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Responsibilities:

• Responsible for Accounts Receivable and Accounts Payable
• Review bank payments for accuracy, including Positive Pay
• Lead collection of overdue balances including emailing/calling insurance agents when necessary
• Update collections spreadsheet 2x/month
• Account for bad debt write-offs
• Enter payments into accounting software
• Run month-end reports
• Reconcile workpapers
• Initiate Electronic Funds Transfer of commission payments
• Make journal entries for commissions, refunds, fees, chargebacks, etc.
• Print and email agency statements and summaries
• Reconcile producer payments, bank deposits, refunds and workpapers, including collections
• Review invoices to confirm amounts are approved/accurate and prepare and issue weekly expense checks
• Ensure financial data complies with professional and regulatory standards
• Identify and implement process improvements
• Collaborate with other units to gather, analyze, and interpret relevant information
• Additional responsibilities as assigned

• Insurance company accounting experience including statutory accounting principles is a plus
• BA/BS degree in Accounting preferred
• 3+ years experience in accounts payable and/or receivable
• Experience with QuickBooks a plus
• Proficiency in MS Office, especially advanced Excel skills with V-Look Ups and Pivot Tables experience
• Strong work ethic and ability to innovate
• Responsible and conscientious nature
• Exceptional attention to detail
• Analytical aptitude
• Strong organizational skills
• Excellent communication skills to interact with agents and varying levels of management and staff
• Team player with ability to work independently after training with little to no supervision

Benefits: AFIC offers a competitive salary and a comprehensive benefits package to support you

• Competitive Salary: Rewarding your expertise and experience
• Financial Security: 401K with up to a 6% company match
• Health & Wellness: Choice of Blue Cross Blue Shield PPO, HMO, or HSA plans, Dental and vision insurance, Access to telemedicine services
• Growth/Stability: Over 12 consecutive years of profitable growth, confirmed by A+ Superior rating by A.M. Best
• Work-Life Balance: Monday-Friday, 8 am-5 pm CST
• Holidays: At Least 6 Paid Holidays
• Paid Time Off (PTO): PTO that can be used for vacation, personal, or sick time
• Personal Days: Separate personal days for sickness, family needs, appointments or personal matters
• Employee Recognition: We celebrate work milestones to show appreciation for your contributions
• Professional Growth: Paid training, state licensing reimbursement, and opportunities for advancement
• Positive Culture: Enjoy our inclusive holiday events, employee referral bonuses, and more