Agency Accounting Associate

Company: High Street Insurance Partners
Location: Grand Rapids
Posted on: May 23, 2023

Job Description:

Agency Accounting Associate - Grand Rapids, MIHigh Street Insurance Partners is an insurance brokerage platform with a "buy and build" strategy to grow a multi-state enterprise through acquisitions and organic growth. This company is in its early stages, with private equity sponsorship and an entrepreneurial culture led by talented and experienced industry executives. High Street presently owns insurance brokerages throughout seventeen states via 90+ acquisitions since 2019, with a pipeline of additional acquisitions expected to close in the coming months. The Agency Accounting Associate role will be based in Grand Rapids, Michigan and will report to the Senior Manager, Finance and Accounting working closely with other Finance and Accounting members and the Corporate Controller in a team centric environment.High Street Insurance Partners (HSIP) was founded to grow a successful, people-oriented insurance brokerage, that aligns industry and technical experience and specialization to serve and protect its customers and provide its agency partners the opportunity to grow and expand. The founders of HSIP are committed to building an organization that focus on excellence in insurance brokerage operations and strategies based off their deep experience in the industry, and that truly represents their values:Transparency & Integrity - Be open, be honest, and do the right thing every timeRespect - Everybody mattersCollaboration - Working together to be and bring the best we can offerEntrepreneurial - Having the courage to do it differentlyGiving Back - Having purpose outside yourselfContinuous Learning - The better we understand our changing world, the bigger contribution we makePosition SummaryThe Agency Accounting Associate will have day-to-day "hands on" responsibility for working with agency partners to provide technical advice, guidance and formal or informal training in agency accounting to improve their accounting knowledge and maintenance of their agency management systems to ensure accurate data for the corporate accounting financial reporting requirements. This position will also work closely with the Agency Accounting Manager on development and implementation of continuous improvement of processes.This role provides a competitive compensation and benefit package, including medical insurance, phone stipend, and a 401(k) match of up to 4% of salary.Key Duties & ResponsibilitiesAssist with reconciliations and clean-up of balance sheet general ledger accounts in agency management systemsCompare agency management system balances to corporate general ledger balances for the same agencyBank Balances and ReconciliationsCarrier PayablesAccounts ReceivableProducer/Broker PayablesAssist with general ledger reconciliation of agency management system accounts with the Epic conversion team during the conversion process for verification of opening system balancesAssist with entry of bank account balances and detailAssist with entry of producer/broker payables and deferred payable balancesReview corporate financial statements for verification of all accounts to be maintained in the agency management systemAssist with full accounting for agencies when necessaryTemporary or PermanentAll aspects of agency accounting not limited to accounts payable, payroll recording, cash receipts, accounts receivable, carrier payables, producer/broker payables, direct bill recording, month end reporting.Other ad hoc projects as requested by managerDesired CompetenciesTeam-first orientation - demonstrated respect for all individuals, high integrity, and mature character.1-3 years of successful experience in a similar position.Familiarity and hands-on experience with multiple agency management and accounting systems.High proficiency with Microsoft Excel, as well as Outlook and Word.Flexibility to work in a largely paperless environment.Required High School Diploma or equivalentPreferred Associate's Degree or equivalent /Technical school or equivalentExperience with EPIC, NetSuite, Quick Books PreferredKey Personal AttributesA proactive and passionate advocate for the business.Exhibits confidence in self and others; Inspires and motivates others to perform well.Creates a sense of team spirit and helps to create a positive work environment.Treats people with respect, keeps commitments; works with integrity and ethically. Upholds organizational core values. Follows through on commitments.Strong work ethic, detail-driven and a commitment to doing whatever it takes to get the job done.Demonstrates exceptional follow through.

Keywords: High Street Insurance Partners, Grand Rapids , Agency Accounting Associate, Accounting, Auditing , Grand Rapids, Michigan