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Accountant (Bala Cynwyd, PA)

Job ID: 1007724
Date Posted: Jun 23, 2022
Department ID: MI1102 Marketing - VFIB
Company: Maguire Insurance Agency Inc

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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 a Accountant to join our team

Summary -

Establishes monitors and reviews Escrow accounts.  Analyzes quality and quantity of project costs and prepares payment request accordingly.  Reviews individual requests and assesses the risk of payment. Establishes fees and set-up cost.

A typical day will include the following:

Assists with gathering and analyzing account information, applies appropriate techniques necessary to make an accurate evaluation of payment.

Provides account reports to underwriting as needed, regarding the projects financial status in order to help underwriting determine credit quality.

Participates in marketing activities within the region to promote the development of new business.

Prepares and participates in proposals to underwriters and agents on accounts negotiating terms and conditions.

Participates in the collection of the Funds Control fee.

Establishes Escrow fees with underwriters and agents and prepares Escrow and Funds Control Agreements for underwriters and agents.

Establishes the Escrow account set up with the Bank of America and ensures accounts are managed in Image Right by maintaining and updating Funds Control files.

Administers the appropriate start up documents to underwriting and agents.

Monitors and reviews project job costs and analyzes the submitted payment application requests to determine the quality and accuracy of request and assesses the appropriate payment percentage to principal.

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)

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

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