Group 1001 is a consumer-centric, technology-driven family of insurance companies on a mission to deliver outstanding value and operational performance by combining financial strength and stability with deep insurance expertise and a can-do culture. Group1001’s culture emphasizes the importance of collaboration, communication, core business focus, risk management, and striving for outcomes. This goal extends to how we hire and onboard our most valuable assets – our employees.

Group 1001, and its affiliated companies, is strongly committed to providing a supportive work environment where employee differences are valued. Diversity is an essential ingredient in making Group 1001 a welcoming place to work and is fundamental in building a high-performance team. Diversity embodies all the differences that make us unique individuals.  All employees share the responsibility for maintaining a workplace culture of dignity, respect, understanding and appreciation of individual and group differences.

Intercompany Accountant Role

Job Summary:

In this position, you will be a member of the Finance team responsible with deliverables associated with intercompany transactions and reporting.

Responsibilities:

• Serve as “Corporate hub’ for intercompany accounting, managing intercompany transactions, policies and communication and company-wide reconciliation of intercompany account activity

• Posts Intercompany journal entries on both sides for cross-company enabled locations and to one location if not cross-company enabled

• Works with appropriate accounting contact persons for intercompany transactions

• Invoices and collects receivables to/from entities which are not settled automatically in Workday

• Monitors pending Intercompany requests (either sending or receiving) and provides status updates to parties who will need to action such requests

• Prepares accruals for recurring transactions

• Ensures timely expense recognition (on both sides) for year-end Intercompany related accruals

• Works with Legal department to ensure any new agreements are properly implemented

• Assist with invoice/settlement processing between companies including for technology and payroll processes

• Responsible for the timely and accurate design, review, posting and reconciliation of month end close specifically for the reporting of intercompany relationships

• Develop, document, implement and manage accounting processes, controls and systems to ensure appropriate level of internal control

• Ownership of month end reporting (receivables/payables) and improvements where required, on a monthly, quarterly and annual basis

Requirements:

• Minimum Bachelor's Degree

• 5+ years experience in accounting, including accounting for intercompany transactions

• Experience with general ledger and financial reporting systems

• Excellent communication and project management skills

• Knowledge of Workday preferred

• Ability to thrive in a fast paced, deadline and results oriented environment

• Highly organized and detail oriented

Benefits Highlights:  

Employees who meet benefit eligibility guidelines and work 30 hours or more weekly, have the ability to enroll in Group 1001’s benefits package. Employees (and their families) are eligible to participate in the Company’s comprehensive health, dental, and vision insurance plan options.  Employees are also eligible for Basic and Supplemental Life Insurance, Short and Long-Term Disability, and to enroll in the Company’s Employee Assistance Program and other wellness initiatives.  Employees may also participate in the Company’s 401K plan, with matching contributions by the Company. 

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