Staff Accountant

Alera Group
Glen Burnie, MD
May 23, 2022
May 26, 2022
Full Time
SIG, an Alera Group Company is seeking a Staff Accountant to join our Employee Benefits team. Are you looking to be part of a company where you have exciting opportunities to learn, grow and make a positive impact? Join a team where each employee is empowered to listen generously, speak straight, collaborate, and build each other up through mutual accountability and shared success? If that is what you're looking for, this is your chance to be part of an amazing organization! SIG goes the extra mile to help navigate the healthcare system and marketplace for our clients in order to advise them on the creation of comprehensive benefits plans that align with their core values to maximize their investment while controlling their costs. Our team-oriented approach allows us to become an extension of our clients' HR departments. Through our vast knowledge and resource base, we keep our clients educated and well informed with the ever-changing healthcare regulations and marketplace. Responsibilities The Staff Accountant is a key part of the local finance team responsible for the timely and accurate recording of the financial performance of SIG. This position includes weekly interactions with the Alera Group Accounting team at the corporate, regional and agency level to ensure accurate financial information is being conveyed timely. Success in the position is defined as leveraging procedures and communications with internal teams to generate and provide timely financial information so leadership can make informed business decisions as well as making the close and reporting processes more efficient and accurate. Provide assistance and backup to Commission Manager in the performance of their duties related to commissions processing and financial reporting to Alera Corporate. Generate support for the monthly close process and month end balances (eg accruals for accounts payable, producer and referral source commissions, quarterly and annual staff bonuses). Assist with monthly accounting close process at agency level to ensure accurate accounting records are maintained for agency as well as acquired business units. Ensure the accumulation of permitted reimbursements from clients and/or carriers through the accounts payable process to bill these reimbursements on a monthly basis. Prepare and reconcile client compensation statements (prior 12-month, current status and rolling 12 months) to align with service agreements, identifying carrier payment issues, processing of annual true ups and prospective setting of commission levels to achieve targeted client compensation. Assist with tracking of carrier bonus activity and projections during the year and ensure agency has received all amounts earned and under such incentive programs. Review, submit and code/tag all accounts payable processed via the Concur application or via manual check request. Facilitate with Alera Group Accounts Payable team setup of new vendors in accounts payable systems to ensure timely and accurate processing and payment. Review monthly corporate concur reports for employee expenses and vendor accounts payable for accuracy and import into commission accounting systems. Compile and facilitate annual employee compensation adjustments and year end bonus accruals and payments working with senior leadership and Human Resources. Compile and submit bi-weekly payroll to Alera Group payroll team including periodic commission and bonus payments, compensation adjustments for SIG and other agencies in the mid-Atlantic region (eg INGROUP, AIA). Respond to and address employee and external producer inquiries about payroll, payments, changes, withholdings, tax setups, tax forms acting as a liaison with Alera Corporate payroll team. Provide training and assistance on concur expense system for staff. Assist with the effort to ensure agency commission processing systems are being maintained by agency staff to facilitate ongoing and ad hoc reporting requests and needs at both the agency and corporate level including ensuring data integrity, accuracy and population of key data fields (eg Client Compensation Reporting, Block Reporting, State Apportionment Reporting, Carrier and Industry Segment Concentration Reporting). Assist with compilation and preparation of annual accounting statements and related support for agency acquisitions used by Alera Group Accounting team to comply with contractual earnout payout requirements. Compile, prepare and analyze a wide range of financial, operating and accounting data and generate a variety of financial reports in a timely manner relevant to client acquisition and retention metrics, compensation for carriers, producer commissions and bonuses, and other matters on an as needed basis. Prepare of monthly intercompany transactions as used by the Alera Group Accounting team. Qualifications 3+ years in a position equivalent to a staff accountant, senior accountant or commission accountant. Employee benefits industry knowledge a plus. High level of emotional intelligence combined with proactive and strategic interpersonal communications, information collection and evaluation, and workflow management. Must be highly organized with meticulous attention to detail when handling multiple priorities and a strong sense of urgency. Bachelor's degree in Business Administration, with an advanced degree a plus. Manipulate and maneuver objects weighing up to five (5) pounds on a daily basis, including fine finger, hand, and arm movements. Sit for three to four (3-4) hours at a time which working on the computer. Travel by car, plane, and other modes occasionally to visit firm locations, attend conferences, etc. Equal Opportunity Employment We're an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status. If you're a California resident, please read the California Consumer Privacy Act prior to applying. #pandoIQ

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