Insurance Accountant/Account Manager

23 Oct 2019
24 Oct 2019
Job role
Contract type
Full time
Experience level


Position Summary

As the primary client contact, the account manager has overall responsibility for the accounting, regulatory compliance, insurance administration and other management functions for a portfolio of captive insurance companies and other clients.

Leadership Dimensions and Behaviors

  • Drives for results
  • Maintains client focus
  • Demonstrates industry expertise
  • Leads complex transactions
  • Manages talent
  • Leads people
  • Demonstrates learning agility
  • Partners across the firm
  • Improves business processes
  • Fosters new initiatives
  • Job Duties and Responsibilities

    Financial and Accounting

  • Supervise daily accounting activities
  • Prepare and/or review financial statements and supporting documentation
  • Ensure compliance with clients' financial reporting requirements and deadlines
  • Research and apply GAAP and/or statutory insurance accounting and reporting methods
  • Ensure compliance with internal and external accounting policies & procedures
  • Coordinate actuarial study and ensure its completion
  • Coordinate annual audit, review draft audited financial statements and ensure issuance of final report
  • Perform special accounting projects as requested by client and/or account team (e.g. budgets, forecasts)
  • Regulatory

  • Research and coordinate changes in business plan
  • Prepare and/or review regulatory filings and ensure that they are filed by the appropriate deadlines
  • Ensure on–going compliance with domicile insurance regulations
  • Coordinate triennial examination by the domicile regulators
  • Insurance

  • Coordinate terms of coverage with client and/or brokers
  • Issue insurance policies, certificates of insurance and other insurance documentation
  • Coordinate premium billing and collection
  • Administer reinsurance programs
  • Develop and monitor systems for claim reporting and reserving
  • Other

  • Keep current with industry and parent company developments
  • Coordinate and participate in the annual board of directors' meeting and other client meetings (may involve travel)
  • Implement insurance programs and accounting systems for newly formed captive insurance companies as well as for existing companies previously managed by other firms
  • Negotiate management fees; monitor and manage account profitability
  • Act as primary liaison with other service providers
  • Monitor team and client activities to prevent and detect problems
  • Maintain client and office databases
  • Perform special job–related projects as requested.
  • Attend conferences and seminars as appropriate
  • Personnel

  • Train and develop Account Administrator(s)
  • Conduct performance evaluations of Account Administrator(s)
  • Qualification Standards


    Bachelors degree in accounting or in a non–accounting program plus relevant accounting experience.


    Previous relevant job experience.

    Marsh is a global leader in insurance broking and risk management. In more than 130 countries, our experts in every facet of risk and across industries help clients to anticipate, quantify, and more fully understand the range of risks they face. We work with clients of all sizes to define, design, and deliver innovative solutions to better quantify and manage risk. We offer risk management, risk consulting, insurance broking, alternative risk financing, and insurance program management services to businesses, government entities, organizations, and individuals around the world. To every client interaction we bring an unmatched combination of deep intellectual capital, industry–specific expertise, global experience, and collaboration. Since 1871, clients have relied on Marsh for trusted advice, to represent their interests in the marketplace, make sense of an increasingly complex world, and help turn risks into new opportunities for growth. Our more than 30,000 colleagues work on behalf of our clients, who are enterprises of all sizes in every industry, and include individuals, multinational organizations, and government entities worldwide. We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. Visit for more information and follow us on LinkedIn and

    Marsh and its separately incorporated operating entities around the world are part of Marsh & McLennan Companies, a publicly held company (ticker symbol: MMC).

    Marsh & McLennan Companies offers competitive salaries and comprehensive benefits and programs including: health and welfare, tuition assistance, 401K, employee assistance program, domestic partnership benefits, career mobility, employee network groups, volunteer opportunities, and other programs. For more information about our company, please visit us at: We embrace a culture that celebrates and promotes the many backgrounds, heritages and perspectives of our colleagues and clients. For more information, please visit us at:

    Marsh & McLennan Companies and its Affiliatesare EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers.

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