Staff Accountant

Staff Accountant

Department: Professional Services (HR, Finance, Marketing)

Employment Type: Permanent - Full Time

Location: Springfield, MA

Compensation: $50,000 - $60,000 / year

Description

Our StoryImagine being part of a team that’s not just shaping the future but actively driving it. At Davies North America, we’re at the forefront of innovation and excellence, blending cutting-edge technology with top-tier professional services. As a vital part of the global Davies Group, we help businesses navigate risk, optimize operations, and spearhead transformation in the insurance and regulated sectors.
What's in Store
We are on the lookout for a Staff Accountant who will be responsible for the management of accounting activities for various clients, such as maintaining financial records and reports, performing account reconciliations, validating, and remitting tax withholdings, and maintaining documentation on all procedures and deliverables. 

As the Staff Accountant, you will communicate frequently with our clients while working with other departments to resolve accounting discrepancies. You will report directly to the Director of Insurance Accounting and will be responsible for building and maintaining effective relationships with co-workers, clients, and vendors to ensure accuracy in all accounting activities. This position requires the ability to accurately maintain a general ledger and ensure compliance with Statutory Accounting Principles (SAP) as required by our clients.

Key Responsibilities

• Prepare and post journal entries in the general ledger
• Reconcile cash deposits and disbursements to the general ledger daily
• Upload Positive Pay and ACH files to client bank accounts and follow up on exceptions
• Respond to check inquiries and stop payment requests 
• Reconcile bank accounts monthly
• Perform reconciliation of balance sheet accounts monthly and ensure completion of all client deliverables
• Post, track, and settle reinsurance activity
• Calculate funding requirements on weekly or monthly basis
• Respond timely to client requests and prepare information in a concise and orderly manner
• Prepare quarterly and annual reports as required by clients
• Reconcile and prepare yearend tax filings such as sick pay statements, 1099s and W-2 forms
• Follow escheatment of abandoned property procedures 
• Validate and remit tax withholdings, perform related tax reporting
• Maintain current documentation on all procedures and deliverable requirements
• Handle sensitive information in a confidential manner
• Develop and maintain effective relationships and communication with co-workers, clients, and vendors
• Participate in special projects and perform other related job functions 
• Assist client …