Accountant – Insurance Agency

Company: Tera Vita Insurance

Location: Hoffman Estates, IL

Employment Type: Full-Time

Experience Required: Minimum 5 Years

Software Requirement: Applied Epic

Position Summary

Tera Vita Insurance is seeking an experienced, detail-oriented Accountant to join our team in Hoffman Estates, IL. The ideal candidate will have a minimum of five years of accounting experience, strong financial management skills, and hands-on experience using Applied Epic insurance agency management software.

The Accountant will oversee daily accounting activities, maintain accurate financial records, reconcile insurance carrier accounts, and support the overall financial operations of the agency. We are looking for a dependable professional who can work independently, identify discrepancies, and ensure accuracy in financial reporting.

Key Responsibilities

Accounting & Financial Operations

• Manage daily accounting activities, including accounts payable, accounts receivable, and general ledger transactions.

• Prepare and review financial statements, including balance sheets, income statements, and cash flow reports.

• Perform bank, credit card, and general ledger reconciliations.

• Manage month-end and year-end closing processes.

• Monitor cash flow, expenses, and financial transactions.

• Maintain accurate and organized accounting records.

Insurance Agency Accounting

• Utilize Applied Epic to manage accounting transactions, reconciliations, and reporting.

• Reconcile insurance carrier statements, premium payments, and commission reports.

• Track and verify commission payments received from insurance carriers.

• Manage agency-billed and direct-billed transactions.

• Reconcile carrier payables and customer receivables.

• Identify and resolve billing discrepancies, payment issues, and accounting variances.

• Process refunds, adjustments, and commission corrections as needed.

Financial Reporting & Compliance

• Prepare monthly financial reports for management.

• Assist with budgeting, forecasting, and financial planning.

• Maintain financial documentation for audits and tax preparation.

• Ensure adherence to accounting standards and internal financial procedures.

• Identify opportunities to improve accounting processes, accuracy, and efficiency.

• Collaborate with management and external accounting professionals.

Required Qualifications

• Minimum of 5 years of professional accounting experience.

• Hands-on experience with Applied Epic is mandatory.

• Strong understanding of general ledger accounting, accounts payable, accounts receivable, and financial reconciliations.

• Experience preparing financial statements and completing month-end closing procedures.

• Advanced proficiency in Microsoft Excel.

• Strong analytical and problem-solving skills.

• Excellent organizational skills and attention to detail.

• Ability to work independently and manage multiple priorities.

• Strong communication skills and professionalism when handling confidential financial information.

Preferred Qualifications

• Prior accounting experience in an insurance agency or brokerage.

• Bachelor's degree in Accounting, Finance, or a related field.

• Experience with insurance carrier reconciliations and commission accounting.

• Familiarity with QuickBooks or similar accounting software.

• Knowledge of insurance industry financial operations.

What We Offer

• Competitive compensation based on qualifications and experience.

• Professional and collaborative work environment.

• Opportunities for career growth and development.

• The opportunity to contribute to the continued success of Tera Vita Insurance.

Equal Employment Opportunity

Tera Vita Insurance is an Equal Opportunity Employer committed to providing equal employment opportunities to all qualified applicants without regard to legally protected characteristics.

You should be proficient in:

• Generally Accepted Accounting Principles (GAAP)
• Cost Accounting
• Bookkeeping
• Accounts Payable (AP)
• Accounts Receivable (AR)
• Tax Preparation
• Financial Audit Experience
• insurance

Machines & technologies you'll use:

• Accounting Software
• applied epic