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An insurance accounting professional is typically responsible for calculating periodical contributions required to a pension fund, an insurance policy, or a health benefits plan. Duties include accounting and reporting for the insurance, health plans, pension plans, proper maintenance of sub-ledgers and processing of journal entries, assisting in the preparation and review of annual financial statements and balance sheet account reconciliations, acting as point of contact for reinsurance contracts, and assisting in periodical closing activities. Related insurance accounting positions at the operational and junior managerial level are actuarial accountant, senior accountant, senior insurance accounting manager, accountant, senior accountant, accounting manager – pension plans, and senior actuarial accounting manager. An insurance accounting job usually requires a BS degree in accounting or relevant field along with a CPA, CIA, or similar accounting qualification. Prior experience in actuarial accounting may be an advantage.

This entry was posted on Monday, August 30th, 2010 at 3:23 am and is filed under Business. Both comments and pings are currently closed.