Why Jencap? We are one of the largest wholesale insurance intermediaries in the United States with expertise in wholesale brokerage, binding authority, and program management. The common thread woven throughout our success story is our collaborative and driven team of people. Our teams are empowered and work together to find solutions. We have a passion culture – with teamwork, collaboration and a focus on growing individuals and giving them the tools & development opportunities to have a successful career.
HRMP, a Jencap company, is a third-party administrator for risk takers and is uniquely positioned to offer business solutions to carriers, reinsurers, and underwriters. We provide a variety of services and solutions within the insurance market such as stop-loss program administration, group life and medical conversions, auditing services, back office or run-out administration, quota share and excess medical reinsurance.
Responsible for performing or managing the operating accounting functions of three JPA subsidiaries (HRMP, AIAA, IAT) and one direct report. Assures that information provided to Carriers, Reinsurers and Administrators are accurate by reviewing reconciliations, cash disbursements, and reports prepared by the Program Accounting staff before they are released.
The Accounting Supervisor will work a hybrid schedule from our Danvers, MA office.
Responsibilities:
- Balance cash and prepare month-end financials for CFO review.
- Prepare client invoices for one business segment and manage Accounts Receivable.
- Create, enter and approve journal entries.
- Coordinate accounts payable workflows with parent company centralized AP team.
- Prepare/supervise weekly cash forecast and send to parent company.
- Prepare/supervise reconciliation monthly bank statements.
- Update monthly reconciliations all Balance Sheet accounts.
- Assist in annual audits (Financial-standalone/parent, SOC, Carrier).
- Review monthly general ledgers and prepare fee reconciliations.
- Provide financial information to parent company monthly and as requested.
- Assist in improving internal controls by performing periodic reviews of current processes.
- 1099 Preparation and filing for Carrier clients.
- Sales and Use tax tracking and filing.
- Assist/compile information for annual State TPA license filings.
- Check signer on bank accounts.
- Approve or process bank transfers including Carrier and Claim payments (ACH or wire).
- Manage Pitney Bowes postage service/machine.
- Promptly address and resolve any physical plant issues that arise.
Requirements:
- BSc. in Accounting required or a combination of education and significant industry experience.
- 5 to 10 years with management experience.
- Strong accounting knowledge and significant accounting applications experience required with preference given to those that have experience with Oracle Fusion.
- Must be proficient with Microsoft Word and Excel (ability to formulate spreadsheets is required).
- Must be able to coordinate and complete work timely, meet strict month-end deadlines, pay attention to details and work independently.
- Good verbal communication skills required for interaction with clients and employees. Basic knowledge of the insurance industry, laws and regulations preferred
The base salary offered for the successful candidate will be based on compensable factors such as job-relevant education, job-relevant experience, training, licensure, demonstrated competencies, geographic location, and other factors. Discretionary incentive compensation may be awarded. Jencap also offers a range of benefits and programs, based on eligibility, which currently include but are not limited to; comprehensive health care coverage, a 401k plan, and tuition reimbursement. Jencap is an emerging and rapidly growing leader in the industry and as such, we approach talent acquisition as an opportunity to identify the best talent. Therefore, the level of the role and compensation may vary depending upon the best available candidate.
Want the opportunity to build something new? Expand your knowledge and stretch your experience through new and emerging risks? Have your voice heard, your skills properly applied, and to add tangible value to an organization? You’re in the right place.
Jencap is dynamic, bold, tenacious, and trusted in the industry. Here, you are not just one of the many, you are one of us. We truly are better together.
Jencap is an Equal Opportunity Employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin or citizenship status, sexual orientation, gender identity or expression, pregnancy, marital or familial status, disability status, medical condition, genetic information, military or veteran status, political affiliation, or any other characteristic protected by law. We are committed to fostering a work community where every colleague feels welcomed, valued, respected and heard, as we believe that that creating an environment where every employee feels included and empowered, helps us to deliver the best outcome to our clients.
Top Skills
What We Do
Jencap comprises ten industry-leading insurance brands that provide unique specialization, unparalleled market access, and nationwide influence. Encompassing expertise from every corner of the industry, Jencap is the ultimate, award-winning insurance family.
_0.jpg)
