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Acadia Insurance (a Berkley Company) · 15 hours ago

Accounting Manager – Banking & Fixed Assets

IA, Urbandale - 11201 Douglas Avenue

Full-time

Onsite

Senior Level

5+ years exp

Acadia Insurance, a part of W. R. Berkley Corporation, is a prominent player in the insurance industry. They are seeking an Accounting Manager to lead a team responsible for banking and fixed asset operations, ensuring accurate financial reporting and compliance across multiple business units.

Commercial InsuranceInsurance

No H1B

Responsibilities

Oversee the day-to-day operations of the banking, fixed asset/1099 teams at BFINS, which involves a team of three direct reports

Work closely with business units to ensure fixed assets and 1099’s are prepared properly

Manage Fixed Assets/Prepaids, Depreciation/Amortization. Oversee asset coding – assist in proper asset coding on invoices and on manually added assets for intercompany transactions

Assist business units in clean-up of assets

Track Work in Process for remodels, capitalized software-new premium/claim system builds. Post monthly depreciation entries and allocations to other business units. Monthly reconciliations

Review Fixed Asset and Prepaid clearing accounts. Ensure any gains/losses on disposals are moved to proper business units

Run Month end close jobs for Asset Manager

Prepare quarterly statutory journal entries for EDP Non-Admitted and Depreciation stat adjustments

Review and help prepare 34,000 1099’s for 53 insurance companies, IRS Tin Matching-bulk & individual, IRS Fire system filings-original & corrections and state 1099 Filings

Oversee team which performs voucher/supplier mismatches, duplicate TIN consolidation, obtain new W9’s

Assistant Corporate Tax Department with collection of 1042 information for payments to foreign vendors

Manage Banking Team – Provide backup support as needed and assist with reviewing and approving Positive Pay exceptions in CashPro

Review and approve monthly deposit journal entries, treasury entries, translation adjustment entries

Review and approve monthly bank reconciliations

Prepare Custodial Bank Reconciliations. Access and download online bank statements. Notify Investment team of differences or cash balances found that may need to be requested

Ensure processes/procedures are documented in a department manual and reviewed on a regular basis