Accountant - Bala Cynwyd, PA

Job Description

Marketing Statement

Philadelphia Insurance Companies, a member of the Tokio Marine Group, designs, markets and underwrites commercial property/casualty and professional liability insurance products for select industries.   We have been in operation since 1962 and are nationally recognized as a member of  Ward's Top 50 and rated A++ by A.M.Best.

Duties

We are looking for an Accountant to join our team in our Bala Cynwyd, PA office!

Summary -

We are looking for an Accountant to join our team! This individual will work under the guidance of the Senior Accountant and assist with the financial transactions within the department. An ideal candidate must be able to multitask and work collectively with inter department personnel as well as accounting and finance at Tokio Marine North America (TMNA) to ensure accuracy for all financial transactions.
Duties:

•    Maintains records of department’s financial activities in accordance with GAAP, organizational standards, and in compliance with the Sarbanes-Oxley Act (SOX).

•    Responsible for the handling and the documentation of all accounts receivable and accounts payable for the department.

•    Monitors the departments operating and premium bank accounts and the handling of cash flows to and from the department.

•    Maintains vendor information in AIM Agency Management software for billing and future business purposes.

•    Assists New Business Brokers and Account Associates in the servicing of endorsements and policy change transactions.

•    Responds to inquiries from internal and external customers in a timely manner.

•    Works collectively with TMNA on the handling of all Valley Forge Insurance Brokers (VFIB) premium transactions. This includes, but is not limited to, entering cash transactions in ledgers, reconciling cash reports and preparing bank deposits.

•    Gathers and analyzes accounting information and applies appropriate techniques necessary to make an accurate evaluation of payment.

•    Receives and processes commissions being paid out to our retail agents and completes regular balancing and collecting of commissions past due. Requires frequent communication with Agents, Account Executives, Brokers, and TMNA to research and resolve payment issues.

•    Assists the Senior Accountant with month-end, quarter -end, and year-end closing activities, including preparing the appropriate audit work papers for such activities for review with Brokerage Manager and TMNA.

Qualifications

Required:

• Bachelor's Degree or equivalent
• Strong knowledge of general bookkeeping

Preferred:

• Knowledge of AMS/Vertafore Agency Management System
• Experience with SAP
• Experience with online banking (including processing incoming ACH/Wire/Credit Card payments; outgoing ACH/Wire payments; interbank transfers)

Core Competencies:

• Organized and detail oriented
• Microsoft Office Proficient with an emphasis on Microsoft Excel
• Customer Service centric mentality
• Willingness to learn

EEO Statement

Tokio Marine Group of Companies (including, but not limited to the Philadelphia Insurance Companies, Tokio Marine America, Inc., TMNA Services, LLC, TM Claims Service, Inc. and First Insurance Company of Hawaii, Ltd.) is an Equal Opportunity Employer.  In order to remain competitive we must attract, develop, motivate, and retain the most qualified employees regardless of age, color, race, religion, gender, disability, national or ethnic origin, family circumstances, life experiences, marital status, military status,  sexual orientation and/or any other status protected by law. 

Benefits

We offer a comprehensive benefit package, which includes tuition reimbursement and a generous 401K match. Our rich history of outstanding results and growth allow us to focus our business plan on continued growth, new products, people development and internal career opportunities.  If you enjoy working in a fast paced work environment with growth potential please apply online.

Additional information on Volunteer Benefits, Paid Vacation, Medical Benefits, Educational Incentives, Family Friendly Benefits and Investment Incentives can be found at  https://www.phly.com/Careers/default.aspx

Bonus/Annual Incentive

This position is eligible to participate in the Company's Incentive Performance Plan.