Senior Claims Accountant

Job Summary:

The Senior Claims Accountant is responsible for managing and analyzing financial transactions related to claims. This role ensures accuracy in claims payments, reserves, and financial reporting while maintaining compliance with regulatory requirements and company policies. The position involves working closely with claims department, auditors, and accounting department to improve financial processes and support strategic decision-making.

Key Responsibilities:

• Maintain and reconcile Limited Lines claims reserves and liabilities.
• Prepare and analyze claims-related financial statements and reports.
• Ensure timely month-end and year-end financial closings related to claims.
• Ensure claims accounting practices comply with GAAP, IFRS, and other regulatory standards.
• Support internal and external audits by preparing necessary documentation and reconciliations
• Identify discrepancies and resolve issues related to claims transactions
• Develop and implement process improvements to enhance efficiency and accuracy in claims accounting
• Partner with claim department to ensure smooth claims processing
• Reconcile claims bank account daily/monthly to ensure accuracy
• Calculate IBNR based on the reserve reports/feasibility study reports
• Investigate and resolve discrepancies between bank statements, claims disbursements and accounting records.

Education & Experience:

• Bachelor’s degree in Accounting, Finance, or a related field.
• CPA, CMA, or other relevant certification is preferred.
• 5+ years of experience in accounting, with at least 3 years focused on claims accounting (insurance, healthcare, or related industries).

Skills:

• Proficiency in accounting software
• Strong knowledge of GAAP, IFRS, and insurance claims accounting principles.
• Experience with financial modeling and data analysis tools
• Strong analytical and problem-solving skills.
• Excellent attention to detail and accuracy.
• Effective communication and collaboration skills.
• Ability to work independently and meet deadlines in a fast-paced environment

Risk Strategies is an equal opportunity workplace and is committed to ensuring equal employment opportunity without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, Veteran status, or other legally protected characteristics. Learn more about working at Risk Strategies by visiting our careers page: www.risk-strategies.com/careers.

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