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Corporate Accounting Associate

Company: High Street Insurance Partners
Location: Grand Rapids
Posted on: May 27, 2023

Job Description:

Position Description: Corporate Accounting Associate - Grand Rapids, MIBackground: High Street Insurance PartnersHigh 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. While utilizing a "buy and build" strategy to grow a national network of independent insurance agencies through acquisitions and synergistic organic growth, the founders of HSIP are committed to building an organization that focuses on excellence in insurance brokerage operations and strategies based on 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 Corporate Accounting Associate is a key part of the corporate team. This position works to process and analyze costs and oversees intercompany allocations to agency partners. This position will also work closely with the Corporate 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 & ResponsibilitiesManage corporate allocations to agency partnersIdentify and document allocation methodsAllocate costs to agencies for general insurance, medical benefits, licensing, etc.Maintain proforma documentation for agency costsGenerate ad-hoc proforma vs. allocated costs reports for management, as requestedGenerate monthly/quarterly reports for agency partners identifying allocated costsReconcile all High Street bank accounts on a weekly basis (currently four)Perform FSA/HSA account reconciliationsApprove AP and acquisition wire transactions from AP Coordinator in accounting systemPerform month-end account reconciliationsIntercompanyPrepaid expensesFixed assetsReview month-end corporate financials, particularly costs by department, and generate budget vs. actual reports for departmental leadsCoordinate with third party on lease administration for Agency PartnersCompile lease documentation for new agency partnersParticipate in monthly meetings with 3rd party administratorPeriodically compare lease database with agency rent costs for reasonabilityHelp build and deploy internal corporate accounting best practicesHelp develop and analyze business case processes for unbudgeted corporate expenses and initiativesWork cross-functionally for the first 3-6 months, assisting with Agency Accounting and Treasury teamsPerforms other tasks as requiredDesired CompetenciesTeam-first orientation demonstrated respect for all individuals, high integrity, and mature character.3-5 years of successful experience in a similar position.Familiarity and hands-on experience with multiple accounting systems.High proficiency with Microsoft Excel, as well as Outlook and Word.Flexibility to work in a largely paperless environment.Bachelor's degree or equivalent work experience.Key Personal AttributesStrong Leadership: A proactive and passionate advocate for the business.Exhibits confidence in self and others; Inspires and motivates others to perform well.Effectively influences actions and opinions of others; Accepts feedback from others; Gives appropriate recognition to others.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.Physical DemandsModerate stress due to regular deadlines and daily challenges.Moderately sedentary position.Above average PC screen time.Occasionally lift up to 20lbs.Work EnvironmentSignificant use of video and other technologies to improve efficiencyWork is done in a temperature-controlled, non-smoking office.Flexible remote work schedules are supported.Workstations are cubicles with low-medium walls.The noise level in the work environment is usually low to moderate.Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the position as described above.

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

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