MEMIC is seeking a Financial Accountant to join our Corporate Finance team, this position requires someone to be in the office 2 days a week, Tuesday & Thursdays.

The Mission of The MEMIC Group is to make workers' comp work better with compassion, trusted partnerships, and relentless commitment to workforce safety. The secret to the success and longevity of great organizations is their shared vision and strong values. At MEMIC our values are to be conscientious, to be an expert, to be a partner, to be curious and to be transparent.

The Financial Accountant position contributes to many functions in the Financial Reporting and Treasury and Operations Departments of finance, including but not limited to; cash management, budgetary preparation, analysis and reporting, abandoned property, 1099 filings, dividend calculations, deductible billing and other accounting journal entries, transactions and associated reconciliations. Supports financial decision-making by collecting, analyzing, investigating, and reporting financial data.

Prepares daily cash journal entries into general ledger and associated daily or monthly and year-end account general ledger account reconciliations and journal entries for the MEMIC Group, including but not limited to, paid and case reserve losses, chargebacks, write-offs, reinsurance, written and ceded premium, commissions, premiums receivable, installment fees, other accruals and prepaids. Assists in general accounting, billing, reconciliation, and reporting functions of the Company as required for all MEMIC Group Entities.
Communicates regularly through email and phone to resolve any issues with external banking contacts, internal colleagues, agents, or policyholders for treasury management, employee expenses reports, dividends or deductible billing.
Assists with compliance and timely filing of 1099’s and abandoned property for MEMIC group.
Support Statutory Reporting Lead in research, calculation and preparation of monthly policyholder dividends including timely preparation, communication to underwriting and follow through on any necessary corrections.
Oversees accuracy of employee expense report for timely and accurate general ledger coding and adherence to MEMIC Group policy. Follows up as necessary.
Oversees accuracy of deductible billing, timely reporting of aging balances, communication to billing and underwriting team, follows through on any necessary corrections in the deductible billing system.
Prepares monthly reconciliations or reports by collecting data; analyzing and investigating variances; summarizing data, information, and trends.
Responds to financial inquiries from internal and external business partners by gathering, analyzing, summarizing, and interpreting data.
Provides financial advice by studying operational issues; applying financial principles and practices; developing policy and procedures or reconciliation recommendations.
Prepares and supports monthly, quarterly and annual financial reporting, budgeting and forecasts, as necessary. Participates in preparation and analysis of annual budget.
Updates job knowledge by keeping current with financial regulations and accepted practices; participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
Obtains knowledge of insurance statutory reporting requirements by researching appropriate accounting literature and attending insurance accounting seminars as necessary.
Act as a consultant to managers and analyzes financial trends.

Requirements:

Bachelor’s degree in Accounting, Finance or related field with 2-3 years of general ledger accounting experience and industry experience or equivalent work and education experience.
Must have a sound understanding of accounting procedures and strong analytical skills.
Ability to work independently while demonstrating initiative and creativity.
Ability to complete projects on a timely basis, identify problems and bring them to the attention of supervisor.
Strong verbal and written communication skills required.
Must be proficient in Microsoft Office and Excel.
Excellent math skills with a high attention to detail.

Our comprehensive benefits package includes all traditional offerings such as:

Health Insurance options, Dental Insurance options and Vision Insurance
Employee Life Insurance/AD&D and Dependent Life Insurance options
Short-term & Long-term Disability
Health Savings Account with potential employer match
Flexible Medical and Dependent Care Account
Accident Insurance
Critical Illness Insurance
Employee Assistance Program
Legal/Identify Theft Insurance options
Long Term Care Insurance
Pet Insurance
401 (k) Retirement Plan with match up to 5%, plus profit sharing & discretionary contributions (subject to vesting)
5 weeks of Paid Time Off (PTO)
10 paid holidays

We also offer other benefits to help foster a healthy, balance lifestyle such as:

Flextime schedules
Paid Parental Leave
Student loan paydown and refinancing assistance
Educational assistance for job related courses, seminars, certifications or degrees
One paid day every year to volunteer for your non-profit of choice
On-site fitness center (Maine & Virginia) or fitness reimbursement
Subsidized parking
Sit-Stand desks & daily stretch breaks

MEMIC is committed to a policy of nondiscrimination and equal opportunity for all employees and qualified applicants without regard to race, color, religious creed, national origin, ancestry, age, disability, genetics, gender identity, veteran's status, sexual orientation, or any other characteristic protected by law. MEMIC is an equal opportunity employer encouraging diversity in the workplace.

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I hereby certify that the information contained in the employment application I submit to Maine Employers’ Mutual Insurance Company, hereinafter referred to as (“MEMIC”) or (“the Company”) is true and complete to the best of my knowledge. I understand that material omissions or falsification of this application may result in my disqualification from consideration for employment or dismissal from employment. I understand that my employment is subject to a satisfactory check of references. I authorize MEMIC and/or its designees the right to investigate the information given and to secure additional information, if necessary. I authorize my previous employers, educational institutions and all other individuals and organizations listed in this application form to provide information about my employment, work habits and character. I agree that MEMIC, and/or its designees and my previous employers, educational institutions and all other individuals and organizations listed in this application form will not be held liable in any respect if an employment offer is not made, is withdrawn, or my employment is terminated because of furnishing necessary information incident to the employment process. I understand that MEMIC is in no way obligated to provide employment and I am in no way obligated to accept employment, if offered. This application does not bind either party, and the statements contained herein do not constitute and should not be interpreted to constitute any sort of contract of employment for a specific period of time. I understand this application for employment is valid for 30 days only. Consideration for employment after 30 days requires a new application. I understand that upon offer and acceptance of a position with MEMIC, I will be required to provide documentation establishing my identity and eligibility to be legally employed in the United States. I understand that employment at MEMIC is employment at will. Employment may be terminated with or without cause at any time by me or by the Company. Terms and conditions of employment with MEMIC may be modified at the sole discretion of the Company with or without cause and with or without notice, except as may be required by law. I also understand that other than the President of the Company, no one has the authority to make any agreement for employment other than for employment at will or to make any agreement limiting the Company’s discretion to modify terms and conditions of employment. MEMIC is an equal opportunity employer, considering all qualified applicants and employees for hiring, placement, and advancement, without regard to a person’s race, national origin, color, religion, age, gender, sexual orientation, gender identity or expression, disability, genetic information, military and veteran status, or any other protected status under applicable federal, state or local law. If you agree to the above, please type your first and last name and today's date. *

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