Beyond Risk Management has years of best-in-class experience in Property & Casualty management, Employee Benefits, and Captive Management, that offers a comprehensive portfolio of end-to-end alternative risk solutions for our clients. We are currently seeking a Staff Accountant who is an excellent multitasker with exceptional communication and time management skills!

The Staff Accountant is responsible for the timely and accurate recording, reconciliation, and reporting of medical stop loss insurance premiums, program management fees and ancillary commissions, as well as the comprehensive accounts receivable review and follow-up, and daily cash reconciliation activities. This role ensures that cash receipt postings are recorded promptly in accordance with policy terms, carrier billing, and internal financial controls and deadlines to support accurate financial reporting, cash flow management and operational efficiency. The position works closely with policy administration, underwriting, and client services to resolve premium, cash and receivable discrepancies.

Key Responsibilities:

Cash Receipt Posting & Accounting

Accurately post medical stop loss insurance premiums, program management fees and ancillary commissions, adjustments, and endorsements in the accounting system
Review remittances to ensure correct recognition
Maintain detailed cash posting schedules by policy, coverage period, and carrier
Process premium credits, refunds, and retroactive adjustments promptly to ensure accurate balances

Accounts Receivable Review & Follow-Up

Review accounts receivable on a regular basis to ensure timely collection
Monitor aged receivables and identify overdue or disputed balances
Follow up with brokers, clients, TPAs, and carriers regarding unpaid or partially paid premiums or fees
Research and resolve unapplied cash, short payments, and billing discrepancies
Document collection efforts and maintain clear audit trails for AR activity
Escalate uncollectible or high-risk balances in accordance with company policy

Reconciliation & Financial Controls

Perform monthly reconciliations of premium receivable and payable accounts
Ensure payments are applied accurately and promptly to the correct policy and coverage period
Investigate and resolve premium discrepancies with carriers, brokers, and internal teams
Ensure premium postings comply with contractual terms and accounting standards
Support month-end and year-end close activities

Reporting & Analysis

Prepare premium reports for management, underwriting, and client service teams
Track earned vs. unearned premium balances and assist with accruals as necessary
Provide audit support, including documentation of premium postings and reconciliations

Collaboration & Process Improvement

Coordinate with policy administration, underwriting, and client services to resolve posting issues
Identify opportunities to improve timeliness, accuracy, and efficiency of cash receipt posting and AR process and assist with updating procedures and internal documentation
Support system implementations or enhancements related to premium and program management fee accounting

Qualifications:

Bachelor’s degree in Accounting, Finance, or related field (or equivalent experience)
2+ years of accounting experience; insurance industry experience preferred
Prior exposure to stop loss insurance, health insurance, or specialty insurance products is a strong plus

Technical Skills

Solid understanding of accounting principles (GAAP knowledge preferred)
Experience with accounting systems and premium/billing platforms
Strong Excel skills, including reconciliations and data analysis
Familiarity with insurance premium accounting concepts such as earned vs. unearned premium

Soft Skills

Highly organized with a strong attention to detail and accuracy
Ability to prioritize tasks and maintain accurate records in a fast-paced environment
Clear written and verbal communication skills
Strong problem-solving and reconciliation skills

Preferred Experience

Stop loss insurance premium posting or related health insurance accounting
Experience working with carriers, TPAs, or brokers
Exposure to audits or regulatory reporting in an insurance environment

What We Offer:

Benefits: 100% (for employee only) paid for medical and dental insurance
Retirement: 401k with 4% company match
Time Off: 4 weeks of PTO with 9 paid holidays + 1 floating holiday
Career Growth: Opportunities for professional development and advancement
Supportive Work Environment: Join a team that values collaboration, efficiency, and innovation
Hybrid flexibility after initial training period out of our Beverly, MA office

If you're ready to make an impact and grow your career in a dynamic, forward-thinking company, we’d love to hear from you!

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